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 Replies: 30 / Views: 3,091 |
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Pillar of the Community
United States
2125 Posts |
Somebody out there has in their possession a 1964 Peace dollar. |
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Pillar of the Community
United States
2403 Posts |
These are all great myths. I have heard of the penny dropped off the empire state building myth several times. I cant believe no body has mentioned any of the "Bury treasure" myths. While I have heard of a couple the only one I believe to be true is the coins buried by the KGC or Knight of the Golden Circle. They buried mason jars though out the east and west full of Morgan dollar and Gold US coins. Jesse James the outlaw was known to be a member. I believe some of the jars may have been found but I think there are a lot of them still buried out there just waiting for some lucky person with a metal detector to find them. Edited by MontCollector
09/13/2016 8:55 pm
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Pillar of the Community
United States
4963 Posts |
Good thread idea. When I was a kid, I read something about a second 1849 double eagle that was produced but disappeared. I liked to fantasize about finding it. I haven't looked into this much, but I assume it to be false. Around the same age my grandfather told me that the energy required to bend down and pick up a cent is worth more than one cent. I believed him for a while. (Thanks to inflation, that might be true before long.  ) I'm pretty sure he told me some other things like that- if I think of any I'll post them. |
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Pillar of the Community
United States
1450 Posts |
I heard the one about if King Kong fell off the Empire State and landed on you then you had a 50/50 chance of being killed by a penny first. My great, great, grandpappy told me that one just before he knocked me off the porch.
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Pillar of the Community
United States
968 Posts |
Numisma your Grandfather was correct if you substitute time for energy. If it takes you 5 seconds to bend over to pick it up and made say, $20 an hour it would be about 3 cents worth of time!
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Pillar of the Community
United States
4963 Posts |
Quote:
Numisma your Grandfather was correct if you substitute time for energy. If it takes you 5 seconds to bend over to pick it up and made say, $20 an hour it would be about 3 cents worth of time! I suppose if you look at it that way he was right. |
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Moderator
 United States
189665 Posts |
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Myth: They will eliminate the US cent someday.  Quote:
what is the Hussy quarter myth? The first version of the Standing Liberty quarter that we were discussing. |
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Bedrock of the Community
United States
20753 Posts |
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Oh -- one numismatic myth I believed growing up but now know to not be true is that if you were to drop a cent from the top of the Empire State Building and it hit somebody on the head, it would travel with enough force to pass all the way through the person's body and embed itself into the concrete below him. I've heard this one many times. Yet it has never been made clear exactly which Cent. Remember there is a difference in weight for different year Cents. And too so much depends on if it drops edgewise or flat side.  |
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Bedrock of the Community
United States
17884 Posts |
Wind resistance will cause the cent to tumble and it limits the terminal velocity to about 35 MPH (At least for copper Lincoln cents, Large cents have more weight but a greater surface area for wind resistance to act on. That may cause them to cancel out, but even so a large cent would possess more energy when it hit.) Mythbusters did an episode on this and determined that being hit would hurt, but it wouldn't kill you.
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Pillar of the Community
United States
4212 Posts |
Concerning mostly world coins 'low mintage is an indicator of worth'.
My dad, in the '70s, ate up all Papau New Guinea releases. Many had a mintage of under 10K, some a few hundred. I was sadly dissapointed, when I checked out their value 40 years later.
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Bedrock of the Community
United Kingdom
17992 Posts |
A fairly well-known myth in the UK is that the 1997 two-pound coin (the first year of issue, and the only one showing the portrait of the Queen wearing a necklace) is very rare and valuable. They were quite hard to find when they were first issued, and took a long time to enter circulation, but are actually very common and only worth face value in circulated condition. I've also read in an old coin book that the Victorian bronze UK pennies dated 1864 were once extensively hoarded because of a rumour that some gold had accidentally been mixed with the bronze at the mint that was used to make these coins.
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Pillar of the Community
United States
1119 Posts |
I think the biggest myth that we all missed might be that this thread belongs in the US Classic Coins Forum.  |
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Pillar of the Community
United States
6370 Posts |
A myth I don't believe is that the 1913 Nickel is a legitimate US mint issue that needs to be had to complete a set of US coins. I also don't believe that it shouldn't be confiscated by the Secret Service and that it is worth millions of dollars. |
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Pillar of the Community
Russian Federation
5177 Posts |
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I've also read in an old coin book that the Victorian bronze UK pennies dated 1864 were once extensively hoarded because of a rumour that some gold had accidentally been mixed with the bronze at the mint that was used to make these coins. Oh, right, I actually believe that Siberian copper coins contained significant amounts of silver and gold, but at the time it was not economically efficient to purify. (I also believe - with a lot less reason - that later Suzun mint copper coins, after they stopped making Siberian money and started making ordinary money, still contained noticeable amounts of gold and silver.) I agree with Steele, incidentally. |
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Pillar of the Community
United States
5862 Posts |
Quote:A myth I don't believe is that the 1913 Nickel is a legitimate US mint issue that needs to be had to complete a set of US coins. What, this one:   Or this one:   |
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Replies: 30 / Views: 3,091 |
First Page
Posted 09/13/2016 8:53 pm
