Common Pocket Change
REAL COINS
BACKGROUND
My name is Turtle, the producer of this website, I have an interest in pursuing knowledge and sharing the things I learn.
As I state on several occasions on my home page, I don't have any money. What I mean by that is I don't have an income. I don't have a "job", nor do I collect money from the government (whether it be unemployment, disability, food stamps, or any other form of welfare). However, I do have some coins that had been sitting around for years, and that's partly what this section is about. That shouldn't surprise anyone, coins are practically a dime a dozen. What are the chances that you have coins just laying around? Collected in a Jar? a Piggy Bank? In your Automobile? Under your Furniture? |
DISCLAIMER - My intensions with this section does not involve the pursuit of either selling something, looking to acquire anything, or any kind of trading whatsoever. In other words, while coins have financial value, I am not looking to make financial gains or losses with this section of the website, it's just to share my coin rolling hobby.
Another thing I'm not looking for with this hobby, is to discover coins that may be worth more than their face value, although that may certainly be possible, I am not interested in that. The purpose is to share my coin rolling hobby.
Another thing I'm not looking for with this hobby, is to discover coins that may be worth more than their face value, although that may certainly be possible, I am not interested in that. The purpose is to share my coin rolling hobby.
My desire to create this section of the website was inspired when reading Dr. Ron Paul's "End the Fed" book, in which he talked about his appreciation and understanding of the value of a penny. Dr. Paul seemed enthusiastic on saving his coins, and perhaps developed an interest in collecting coins via a jar of pennies that his father had. Dr. Paul claimed in the book that he bought the jar of pennies from his father for $20 (the jar had about 985 pennies in it or $9.85 worth).
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The purpose for this section is to hopefully inspire others to not see their common pocket change as a nuisance, after all, it is money? Is it not? It won't make you a millionaire, but through rolling coins, you might discover spending money that you didn't know you had.
Perhaps people find it a nuisance because coins are difficult to spend, their financial value isn't very much, and it takes a lot of them before you can purchase anything. Coin rolls allow you to count your coins and organize them into something a little more convenient. |
WHERE DO COINS COME FROM?
The common pocket change we use are issued by the U.S. Treasury and minted at three primary locations (San Francisco, Denver, and Philadelphia). Another mint is also located at West Point, NY.
Their financial value and purchasing power are dependent on the value set to the dollar; the value of the dollar is set by the Federal Reserve System. If the dollar increases in value than the value of the coins follows, if the dollar decreases (due to inflation?) than the coins decrease. |
THE MATERIAL COINS ARE MADE FROM IS UNCONSTITUTIONAL?
While our common pocket change has been accepted as money for as long as I've been a live, our common pocket change is not Constitutional. For the material our change is made out of is not Gold or Silver; for only Gold and Silver coin shall be used as legal tender for settling debts in the United States of America.
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BITCOIN (CRYPTOCURRENCY) vs. REAL COINS
Nonetheless, these coins are money, and I would argue they are more "sound" money than "cryptocurrency".
For money to be considered sound, it needs to meet seven requirements: Uniform, Portable, Divisible, Measurable, Scarce, Non-Perishable, and Attractive.
Cryptocurrency isn't even a physical construct, therefore it cannot be scarce, attractive, divisible, nor measurable.
Our common pocket change is at least a physical construct in which one could make a private exchange with, as opposed to cryptocurrency in which it must pass through and be approved by a block chain technology before a transaction can be complete.
For money to be considered sound, it needs to meet seven requirements: Uniform, Portable, Divisible, Measurable, Scarce, Non-Perishable, and Attractive.
Cryptocurrency isn't even a physical construct, therefore it cannot be scarce, attractive, divisible, nor measurable.
Our common pocket change is at least a physical construct in which one could make a private exchange with, as opposed to cryptocurrency in which it must pass through and be approved by a block chain technology before a transaction can be complete.
MY STRATEGY FOR COIN ROLLING
Coin rolls can be acquired in several places. I believe you could get them from your local bank for free, but I'm not 100% sure about this.
The place I usually get coin rolls from is the local dollar store. The price for a pack of coin rolls at the dollar store is a $1.06 here in Pennsylvania. The pack comes with 36 rolls. Are 36 rolls worth a $1.06? Pennies are extremely common, so it shouldn't be impossible to fill up 36 penny rolls and if you did that would be a total of $18; so $18 - $1.06 = a $16.94 profit. Walmart also sells coin rolls, I believe for a $1.64 + sales tax here in Pennsylvania. So, let's round that off and say a pack of coin rolls from Walmart cost $2.00. 36 Penny rolls completely filled up is $18; $18 - $2 = $16 profit. The flat coin rolls can be acquired online, I got 20 rolls for 99¢. If you fill up 20 penny rolls, that would be $10. So, $10 - $0.99 = a $9.01 profit. For variety packs the coin rolls are divided into 7 Penny Rolls, 9 Nickel Rolls, 7 Dime Rolls, and 13 Quarter Rolls - if you fill them all up that $3.50 pennies, $18 nickels, $35 dimes, and $150 quarters ($206.50 total); since common pocket change is just that, common, so for a dollars or two you could find yourself with spending money you didn't know you had. When rolling coins, I don't simply count them out and then slide them into the coin roll - I like to sort them by date and slide them into the roll in reverse chronological order. |
Without further a due
COIN ROLLS
Spiritual Currency
Above is a series of sections discussing the designs and my collection of man's currency. I do not have a lot of man's currency, but what I have unlimited amounts of is Spiritual Currency (Creation's Currency; God's Currency).
Spiritual currency is what was required to collect the coins, organize the coins, record the coins, put the art work together, compile the research, figure out how I wanted to organize this section of the website, and bring it to manifestation.
Spiritual currency is what most declare they don't have enough of and yet it is the most valuable gift you can ever give to someone.
What is spiritual currency? (It certainly isn't money, including crypto) It is ...
Spiritual currency is what was required to collect the coins, organize the coins, record the coins, put the art work together, compile the research, figure out how I wanted to organize this section of the website, and bring it to manifestation.
Spiritual currency is what most declare they don't have enough of and yet it is the most valuable gift you can ever give to someone.
What is spiritual currency? (It certainly isn't money, including crypto) It is ...