19 December 20XX+1
My Dear Lucilius:
One of the practices Pompeia Paulina and I have been doing on a regular basis is a rotating cycle review of things. We go room by room, storage place by storage place. On the one hand it may seem a bit morbid – after all, we are counting down things like food and other supplies. On the other, it is fairly interesting what memories get randomly triggered by an item.
In this case, it was a silver dollar.
Not just any silver dollar: an 1879 Morgan Silver dollar, likely one of the first silver coins I came into. Its acquisition is burned into my brain.
It happened before the turn of the century, when I was a lowly college student working in my cousin’s convenience store. A kid came in – maybe 18, maybe not, who could tell – with a fistful of coins to buy a pack of cigarettes.
I was used to this: my cousin’s store was on the edge of the “appropriate” part of town, and we had more than our share of experience dealing with ragged bills, piles of pennies and nickels, and grubby food stamps (the first time in my rather innocent middle class life I had seen them). He asked for the cigarettes – likely Camels or Marlboros, that was what everyone smoked – and I started counting out the change.
And there it was: a big, fat, Morgan Silver dollar.
I had the wisdom not to raise a fuss about it, but definitely made sure that it was included in the pile of coins that went into the till. I gave him the cigarettes and shoved back the change. He pocketed it and left; I carefully removed the Silver dollar and replaced it with a paper one from my wallet.
It was in fine condition, a little discolored but not worn, quite likely from a relative’s coin stash that may or may not have known their collectible went up in smoke (as it were). And though I waited, no-one came back looking for it.
This was the first of many silver coins that I acquired over the years of working there and beyond, the results of careful attention paid to change. Over time I acquired a very small hoard, dollars from years past of women with torches walking and quarters and dimes and half dollars with mythical or historical figures on them. Some were worn, some were as good as the day they were coined.
That eventually ran out of course, as I got older and dealt with coins on a less frequent basis and silver coins became a commodity that were sought after; I do not believe I have seen a random silver coin in the last 25 years or more.
I held it there in my hand, feeling the solidity and the weight, watching the light catch the bas relief of the woman’s face. This coin was easily over 100 years old. It was minted, I found out once upon a time, in Philadelphia and was the least valuable of such coins, perhaps fetching 100 times its face value once upon a time. And now it sits here, in a pouch where it is easy to get to if we should need it. As if there was any need for it now.
I cannot eat this coin, Lucilius. I cannot plant it and grow something from it. The bees can make no use of it and the quail cannot nest in it. I could, I suppose, melt it down and make something else out of it. What though? A bullet? We have few werewolves in this part of the world. A piece of art? It is already a piece of art, something far more beautiful in its current form than I could craft myself.
I keep it, as I keep all of my coins, as a hedge against a day where things that are not of direct survival use will have value. If such a day will ever come.
They could be coins from the times of Vikings for all that it matters. Even then they would have no more true “value” than they do now, paperweights and historical markers of an era and economy long gone.
Your Obedient Servant, Seneca
The owner of a blog who deals in merchandise on the side is willing to accept pre-'64 coins at 30.3 percent of face value. So a face value of a dollar of pre-'64 coins will purchase $30.30 worth of merchandise. Nickels - dimes - quarters doesn't matter.
ReplyDeleteIts a good habit to search your pocket change for these old coins and pull them out of general circulation. It won't cost you a dime and will gain you in the long run.
Anon - That is an interesting data point; thanks for sharing.
DeleteInterestingly - or sadly - I scarcely get change anymore. Like Seneca above, it has been years and years since a pre 1964 coin has darkened my pocket.
Having an affection for historical artifacts, I think there is value is such items, even if only to show us that things once were truly different. Otherwise, how would we know how far we've wandered?
ReplyDeleteEdit - value in such items (!)
DeleteThere is value in the historicity of such things Leigh (I, too, lament the inability to edit comments) - although interestingly, that is not how things are seemed valued now to many. It is purely the financial possibility.
DeleteAlthough you do make me think that it is very possible within my lifetime, we may see the end of the making of coins, something that has a very long history.
Like music, remembering what we had and trying to go beyond mere survival is important.
ReplyDeleteWe don't have to be Saxons, in wattle and daub huts with a hole in the roof to let out smoke amid the ruins of Roman waterworks and hypocaust underfloor heating.
It is important and does have value, Michael. That said, I wonder how much remembering of such things occurs in survival situations. To your point, we do not want to be the Anglo-Saxons living in the ruins of Roman civilization. Then again, there has to be a general admission that such a civilization and the things that make it possible are worth saving, something I wonder if we believe some days.
DeleteOne could also argue, I suppose, that Roman Civilization in Britain from A.D 43 to A.D. 500 was a sort of "hot-house" flower: denied the support of the greenhouse (the continental Roman empire), it withered.
An interesting topic this day TB. I've been watching the price for American Silver Eagle coins, a one dollar coin only minted since 1986 and their prices have shot up in the last four months, steeply. I'm always watching for silver coins, can't remember the last one I ran across one though.
ReplyDeleteThanks Nylon12.
DeleteSilver has shot up significantly - I purchased some Eagles some months ago and have watched the price climb as well. The difficulty of course is that one is buying and selling in the same market: I can sell my Eagles for dollars, but I then have to spend it in the "dollar" market".
Honestly, I get change so seldom I scarcely check at all anymore.
My grandfather saved all the silver dollar coins he came across in a mason quart jar on his desk. Sometime after his death, my dad put it in one of their safety deposit boxes at the bank and the last time the subject was mentioned a couple years ago, my dad said it is still there. Not sure what I will do with it when the time comes. I wonder if there is still value in the coin collecting market or if the bottom has dropped out of it like antiques in general?
ReplyDeleteEd, I cannot confidently speak in particulars, but my father in law The Master Sergeant was a coin collector (Silver Rounds, in his case). If one is judging by the age of members, the coin collecting market may be spinning down - although historical oddities will always have value. I think in many cases they are looked at more for metal content first, historicity second. There will always be collectors of course; I am just not sure if it is enough to drive a market.
DeleteDue to a death I'm having to deal with coins of all sorts. None are going down. If they saved any gold coins now is the time to be thinking of selling due to gold at over $4,000 an ounce. I have records of what was purchased and with silver going up in value it's making some of the lesser value silver starting to improve in price. For me the internet has been a great teacher.
DeleteSTILL good story telling! I get nostalgic over songs from the 60's, 70's and 80's. I have a '74 f-350 Ford and a 1965, lever action, Savage rifle, in 308, THOSE are pretty nostalgic.
ReplyDeleteEight silver dollars will buy a quality, entry level AR-15, for now,
just in case anyone thinks they might need one in the not-too-distant future. Might want to get a couple thousand rounds of ammo too, it makes good trading stock. That'll be another 15-17 silver dollars.
A few more silver dollars for a quality optic and back up sights. Silver quarters and dimes work just as well.
Just a few thoughts, because of current events.
Oh, I forgot the obligatory Peace, Love Dope from my nostalgic 60's.
PEACE OUT!!!
In my high school days, minimum wage was $1.35/hr. You could actually buy useful stuff for forty something bucks, after taxes.