9/13/24 Report -Gold Coin Found. Dollar Coins You Can Find. US Coins Used by Other Countries. Counterfeits.

 

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

13th Century Gold Coin Found Near Fortress..

A 13th century gold coin was found near a fortress site in Bulgaria.

The existence of the fortification was confirmed archaeologically in 2023, when a 20m long sector was discovered, located southeast of Church #16.

Based on the 462 items found (coins, ceramics, weapons, everyday objects) it was established that the Intermediate Fortress Wall was built in the first years after the Ottoman conquest of Cherven in 1388 and was functional during the first two decades of the 15th century – a time of strife in the Ottoman state, the uprising of the Bulgarians to reject foreign power, as well as the military campaigns of the Wallachian voivode Mircea I Stari south of the Danube...

Here is the link.

Archaeology: 13th century gold coin found during dig in Bulgaria – The Sofia Globe

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Here is question for you: is the currency used in Ecuador?   

a. peso    b. sucre      c. ecu      d. US dollar.

Rampant inflation hurt the economy and devaluated the currency of Ecuador so badly they adopted the US currency for stability.

On 9 January, President Jamil Mahuad announced that the US dollar was to be adopted as Ecuador's official currency, although the US dollar had already had wide informal use in Ecuador before this decision was made. The US dollar became legal tender in Ecuador on 13 March 2000.  Sucre notes ceased to be legal tender on 11 September 2000. Sucre notes were exchangeable at a rate of 25,000 sucre per dollar at Banco Central until 30 March 2001 (wikipedia).

Here is another question for you.  What countries use the U. S. dollar?  Here is the list.

1. United States of America
2. Commonwealth of Puerto Rico (Unincorporated territory of the U.S.)
3. Ecuador
4. Republic of El Salvador
5. Republic of Zimbabwe
6. Guam
7. The Virgin Islands of the United States
8. Democratic Republic of Timor-Leste
9. American Samoa (Unincorporated territory of the U.S.)
10. Commonwealth of the Northern Mariana Islands (Unincorporated territory of the U.S.)
11. Federated States of Micronesia
12. Republic of Palau
13. Marshall Islands

A 2017 Coin World article said that  over 149.1 million United States dollar coins have been sent to Ecuador since 2002. Paper dollars do find their way to Ecuador, but some Ecuadorians view these bills with suspicion.  Among the popular dollar coins are the Sacajawea and Anthony one dollar coins. 

Ecuadorians generally do not use one-dollar bills, they use one-dollar coins (the gold-colored coins that the US began minting in 2000 are very popular). These coins last longer than paper one-dollar bills, so this added durability is helpful in a country that does not mint its own currency. Fifty-cent pieces (the JFK coins) are also more commonly used than in the US. Interestingly, for amounts less than one dollar, Ecuador has its own equivalent coins that are still denominated in USD. These American and Ecuadorian coins in amounts of 50, 25, 10, and 5 cents circulate side-by-side in Ecuador. US pennies are also in common circulation, yet while Ecuadorian pennies do exist, they are uncommon... (Source: Ecuador’s one and only official currency is the US Dollar — People Places and Thoughts)

Below is a Sacajewia one-dollar coin.

Sacagawea Dollar coin.

The Ecuadorians like the Sacajawea dollar and many took the image of Sacajawea to be an indigenous Ecuadorian.  I can see that.

I've found a good number of Susan B. Anthony dollar coins, but I don't believe I've ever found a Sacajawea dollar coin.

For more about Florida metal detected one-dollar coins, see The Treasure Beaches Report Direct From Florida's Treasure Coast.: 2/11/12 Report - Dollar Coins Possible Boon to Detectorists & Some Fabulous Spanish Coins.

As a result of the popularity and use of dollar coins in Ecuador, there has been large scale counterfeiting of those types of coins in the neighboring country of Colombia.  According to Gurney, millions of counterfeit one-dollar coins have been produced.

That is only a small part of the counterfeiting problem.  The BBC reports the counterfeiting of one-pound coins has reached the point that one in every 50 one-pound coins in circulation are counterfeit.

I'll have a lot more on counterfeiting in future posts, including the counterfeiting of eight reales.

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Source:nhc.noaa.gov.

So Francine has come and gone, and it looks like Gordon will be a fish storm.

Source; surfguru.com.

Nothing exciting.  I'll be glad when the weather cools down a little.

Good hunting,

Treasureguide@comcast.net