Written by the Treasureguide for the exclusive use of the Treasure Beaches Report.
While out on a dog walk, a woman in Bohemia stumbled upon a hidden treasure of silver coins and uncovered a piece of history...
“At that time there were disputes in the country between members of the Přemysl dynasty over the Prague princely throne. For the changeover from the 11th to the 12th century, we have no data on the purchasing power of contemporary coins. But it was a gigantic amount, unimaginable and, at the same time, unattainable for an ordinary person...
Dog Walk Yields Coin Find - Numismatic News
---
Cost to Produce Money on the RiseThe cost of producing a single cent has increased by 12.9 percent to 3.07 cents from 2.72 cents each.
The cost of making money has been going up at an alarming rate, yet the U. S. Mint continues to produce the loss-leading 1—and 5-cent coins in large numbers. Little effort has been put into increasing the public’s awareness of dollar coins that should but simply don’t circulate.
According to a recent U.S. Mint report, “FY [Fiscal Year] 2023 average spot prices for nickel decreased 5.1 percent to $23,481.25 per ton, average copper prices also decreased 8.5 percent to $8,437.44 per ton, and average zinc prices decreased 22.3 percent to $2,772.07 per ton.”
The cost of producing a single cent has increased by 12.9 percent to 3.07 cents from 2.72 cents each. At the same time, the cost of producing a single 5-cent coin has increased by 10.9 percent from 10.41 cents to 11.54 cents. It costs 10 cents to strike a single dollar coin. A dollar coin has an estimated lifespan of 30 years, while the lifespan of the dollar bill is likely 6.6 years. It costs 5.4 cents to produce that dollar bill. That means in the same 30-year span, the cost of producing sufficient dollar bills to keep pace with the single dollar coin is about 24.3 cents or 4-1/2 times more to keep that dollar bill value in circulation.
While you may be shaking your head, remember that neither Congress nor the U.S. Mint has indicated that there is any change to our change on the horizon. Collectors should consider that the circulation lifespan of our zinc-coated copper-clad cent is questionable due to its poor quality composition. For that reason, collectors may want to search out high-grade examples of post-1982 cents.
Cost to Produce Money on the Rise - Numismatic News
Those stinkin zincs deteriorate sitting around in a drawer. Terrible choice of materials.
In a recent post I mentioned that Canada did away with their one cent coin years ago, and I did another recent post in which I mentioned that Ecuador imported U.S. dollar coins for their own use. They like the dollar coins, whereas in the U.S. people don't seem to like carrying them.
I can't see the dollar coins being used much by the populace. I carry a small amount of change and frequently give exact change for purchases. One clerk said she seldom received exact change in payment. Not only does it seem that most people do not carry much cash or change around, but if they do carry change, they must not bother counting it out for purchases. People are using other payment methods than cash and few, it seems, bother with small change. I usually have a good number of coins around even if many of them are green or encrusted. The dirty ones work well in the automatic payment machines in the stores, so I use them when I can.
Maybe they can make more durable bills, but I suspect that other payment methods will eliminate the need for them anyhow. Of course, that means less of it out there to be lost and found. People will still lost other things, although the jewelry is becoming more junky too. Diamonds are being lab produced. Rings are being made of silicon and nonprecious metals.
They say there is only so much gold in the world, but it is always being mined by increasingly effective methods. Bing says, Between all of the gold sources in the world, current estimates suggest that roughly 2,500 to 3,000 tons of new gold is mined each year. At present, experts believe that the total amount of above ground gold in the world stands at just over 190,000 tons.
The types of treasure will change, but there will always be something considered valuable to find.
Concerning gold, here is an article that discusses how much there is left in the world to mine. I disagree with much of the article, but it provides some interesting food for thought. Ideas don't have to be correct to be useful. Ideas aren't dead-end streets unless you let them be In many cases they are jump-off points.
Anyway, here is the link. When Will Gold Run Out? Global Reserve Supply Facts and Predictions (providentmetals.com)
I personally think the amount of gold that is out there to be mined is huge. The article also talks about recycling electronic scrap gold but does not mention the recycling of jewelry.
How many old broken pieces do you have? How many pieces are now out of style and available for recycling? Metal detecting turns up old broken chains, rings and single unmatched earrings and other pieces that can be recycled.
---
The Curse On Haiti (spiritdaily.org)
---
 |
| Source: surfguru.com. |
So we're supposed to have a 3–4 foot surf today, which isn't huge, but we are also having King tides this week. Today the high tides will be even higher than yesterday. The combination will make checking out some of the more vulnerable places worthwhile.