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Saturday, July 17, 2021

7/17/21 Report - Detectorist Makes Second Big Viking Discovery. Coin Shortage and Metal Detecting.

 Written by the TreasureGuide for the exclusive use of the Treasure Beaches Report.


See BBC link below.


A Viking era "piggybank" of silver coins has been discovered on the Isle of Man by a metal detectorist who made another startling discovery last year.

The 1,000-year-old pieces were found by former police officer Kath Giles in a field in the north of the island.

Details of the 87 coins, which were found in April, were made public for the first time at a coroner's hearing.

The coins were minted in England, Dublin, Germany and the Isle of Man.

Ms Giles previously made headlines when she discovered a collection of gold and silver Viking jewellery, which was declared treasure in February...

Here is the link for the rest of that article.

Viking era ‘piggybank’ found in Isle of Man field - BBC News

This relates to yesterday's post mentioning the article about so many big finds made in Europe.

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The pandemic has brought on a shortage of toilet paper, cleaning supplies and disinfectants. Now there's a new shortfall in the form of currency.

The coin supply has been disrupted, forcing the Federal Reserve to step in.

Like everything else in our lives, COVID-19 got in the way. This time it’s affecting the currency supply by causing fewer coins...

How do we get the right supply to meet the demand that’s out there? What we’re asking Americans is come out and do your normal transactions, go to a Coinstar, go to a bank and make despots so we can see recirculated coin fill the pipeline enough for the demand we have.”...

Here is the link for more of that article.

Toilet paper is back, but coins are no where to be found (thedenverchannel.com)


Have you noticed how many coins you receive in change look like they've been dug up by a detectorist?  I've said this before, but detectorists don't get the credit they are due for returning tons of coins to circulation.  I don't know how many thousands I've returned to circulation.  I know that after buying my Fisher 1280 aquanaut back some decades ago I found enough coins to pay for the over $600 metal detector the first year.  That is a lot of coins.

Looking at my old records, here is what I found when I just started.  I undoubtedly still had my first serious detector, a Whites detector.  I don't remember the exact model, but as I recall, it was something like a Coin Master.

Here is what my records from that time show.

On 9/26, near the beginning of the entries, I had $7.53 total face value of coin finds, and on the back of the page the last row shows that by 1/3 I had found a total of 2653 coins with a total face value of $197.48.  including 432 quarters, 622 dimes, 300 nickles and 1299 pennies.  Dollar coins and halves were not included in the total value (don't know why except possibly their relative rarity).  Foreign coins were noted by not counted.  I see some Susan Anthony dollar finds, for example. 

Unfortunately I didn't write down the year.  I didn't anticipate looking back at those records so many decades later.

See The Treasure Beaches Report Direct From Florida's Treasure Coast.: 12/12/17 - Y2K Treasure Recovered in Back Yard. Very Old Chisel. Old Metal Detecting Records. Artifact ID Guide.

Those records showed about three months, so assuming I did the same for the rest of the year, which is probably an underestimate, I would have picked up over ten thousand coins for the year.  I don't think it necessary to say I was targeting coins in those early days.

The average value per coin, not counting halves and one dollar coins, was about 7.4 cents, 

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You probably find a few Canadian coins if you detect Florida beaches.  Some beaches have more of them than others, but I assume the number of Canadian coins is lower since the pandemic.  But if you if you are finding some, they are probably not very old due to the Canadian alloy recovery program.


Thanks to a little-known program operated by the Royal Canadian Mint, Canadians may have the newest coins in their pockets at any time since Confederation.

Called the alloy recovery program, it is system where older-composition coins are culled out of circulation and replaced with new versions. The old coins are mutilated and then melted for the value of the metal, mostly nickel for most coins.

The program was instituted in 2004, shortly after the introduction of plated-steel coins. It was introduced for the recovery of coins from five cents through to 50 cents. While the older five-cent coins were struck in cupro-nickel, the other values were all solid nickel...

Here is that link for the rest of that article.

Alloy recovery program keeps Canadians’ pocket change fresh - Canadian Coin News

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In 2018, fentanyl killed 31,897 people in the United States—more than twice the number of any other narcotic.  And it comes from the same city as the covid virus.   What a coincidence.

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Nothing new on the weather front, and nothing bigger than a two foot surf for a few days.

Happy hunting,

TreasureGuide@comcast.net