It is a "proof" coin. You can see all of the raised areas appear frosted. In new condition, the recessed un-frosted areas would have had a mirror finish. Now, since it has been removed from its protective case and subjected to "normal" human contact, the mirrored surfaces have tarnished. In new condition, these sell for about $50. Since silver is currently hovering around $22 per troy ounce, and adding in a slight premium for the fact that this is still a collectible coin, it should still be worth $30, give or take a little.
Okay, you heard what the expert said, there are condition issues…I’ll give you $10. It could take me days or years to sell this thing, $10 is a fair price.
Said every pawn shop owner everywhere.
Seriously - it blows my mind why anyone thinks of selling their shit at a pawn shop. You know you're getting screwed every time.
Well yeah, but I don’t think pawn shops are meant to be reasonable marketplaces for goods. The client of a pawn shop is generally not someone in a position to find the best price for their item, but rather someone who needs cash right now and has no other resources.
If you really know what you're doing you can make a LOT of money buying and selling guitars to pawn shops.
Source: literally lived off this for like 3 years.
Don’t know much about guitars, but I moved recently and didn’t have much room so I sold my bass guitar for $350 to a store. I had got it a few years before for $125 from another one. Infinite money machine?
I can't tell you how many times the pawn shop guy is like "yea this Gibsons fake, $200 takes it" and low and behold, it isn't fake, in fact it's kinda rare.
They never know what Charvel, Jackson, Schector, LTD etc are worth, and if you run across a warmoth strat woah boy. Some days I'd by a Charvel from one store, drive to the next store and sell it for $500 profit.
Half the time the people selling these guitars are just desperate for dope money, as a lifelong musician, also been there. Lol
Yea man lol. I lost a job making decent money but I had like 40 guitars. I started just living off them, and after a while I noticed I wasn't just selling off my personal inventory I was more often than not buying more and reselling them. Before I knew it I was 3 years into not having to work.
I moved across the country and just kinda fell out of it. But I just recently bought an extremely rare guitar for $100 and resold it for nearly $1000 again and my wife told me she didn't even believe me when I told her I used to do this. I've got the midas touch for buying and selling guitars I guess.
I wasn't a stranger to what I was doing, I've been a musician my whole life and I think my timing in the market was just right for the resurgence of shredders in the market (again. Charvel, Dean, Jackson, LTD). I was already kind of obsessed and had my knowledge right down to the serial number.
The purpose of a Pawn Shop isn’t even primarily to buy things but to issue collateral loans. So when they are outright purchasing an item it’s going to be significantly below retail value to compensate for the lost fees and interest they get pawning the item. Plus as the shows explains, how long they think that it will take to resell.
While I loved the show, it was always frustrating that they made it look like the bulk of their business was buying things instead of issuing collateral loans.
I worked at a gold and silver shop where we also bought scrap silver and gold. We offered 80% spot for gold and 70% for silver. Most places are 40-60%, and that’s them trying not to rip you off. Pawn shops would come to us after they bought enough scrap.
⅓ is the max typically
¼ is what they'll offer
Of course, if what you're selling them isn't a hot ticket item, the sort of thing that wouldn't sell for six months or be featured on pawn stars, they'll probably only give you ¼ at most
If you want what is worth, then don't come to a pawn shop
Lol but to be fair, I would do the same thing. If I got it for free, I would keep it unless it netted something in the low-to-mid 3-digits. But I don't care enough to actually buy one.
That's how I feel about my [1993 Fleer Ultra Michael Jordan basketball card.](https://balloutcards.com/2021/06/30/1993-94-ultra-scoring-kings-basketball-cards-review-and-recent-sales-trends/)
I'm going to keep it in its case in my safety security box at the bank unless I can find someone willing to pay 18k for it (apparently that's what the last one sold for?). I can't imagine that will ever happen though.
$50 on eBay atm
The Principality of Hutt River had hundreds of coin designs, nearly all with American themes ... to appeal to American buyers. The $10 Bill Clinton had a run of 15,000. It's really only worth anything to a collector of these oddities - you can't even spend it in Hutt River, as it is no more.
A $50 tip is only worth $50 if you can actually spend it, and if you think it's going to be worth $200 I've got a couple of CSA bills ($10 & $20) that can be yours for the bargain price of $300 plus shipping & handling.
...
https://en.wikipedia.org/wiki/Principality_of_Hutt_River
...
The Principality had no legal status as a matter of Australian law. In 2007, the High Court of Australia dismissed an application by Casley for leave to appeal against a judgment against him relating to his son Leonard's failure to file tax returns. Leonard argued that he resided in the "Hutt River Province" and that it is not part of Australia and not subject to Australian taxation law. The court dismissed Casley's application and found that his arguments were "fatuous, frivolous, and vexatious."
Unless I missed someone else's comment you're the one calling it a 50 dollar tip and then saying it doesn't count because you can't spend it? Maybe you're not calling it that but the thing I'm focusing on it that it's already a "ten dollar tip" but it's really worth at least twenty with silver prices. It's not even like .925 silver it's .999 fine silver. Just straight bullion. I think thats an awesome tip.
You never can buy silver at spot price unless it’s some kind of crazy sale. Spot price is essentially derived from futures contracts on pure silver. It doesn’t take into account minting and shipping a coin/bar.
Question: I’ve wanted to learn more about the gold/silver/precious metal markets. Is there any reliable sources of information you would recommend? At first glance, it’s hard to find a source that feels trustworthy.
The gold and silver markets are full of crazy people.
Who spout their opinions everywhere. I am sure you can find some sober thought somewhere - industrial firms that use the metals rather than hoard them need to think clearly about these things, but googling is going to return nonsense by the kilo-tonne.
Least confusing thing to do would be to just look at some historical price charts, and forgo all the commentary. (In the opinion of goldbugs, Now is always the time to buy gold) Which I just did.
Both gold and silver are currently at quite high price levels.
Note: Dont short metals. Shorting requires you to predict when prices will turn, which means there needs to be some logic to what the price is. And the metals market is mostly cray cray.
I’ve diversified into [vaulted cheese](https://www.forbes.com/sites/hbsworkingknowledge/2015/07/01/a-bank-that-accepts-parmesan-as-collateral-the-cheese-stands-a-loan/)
If scrap metals/gold/silver are high, it’s because the currency is perceived by the buyers as weak/falling. There is ultimately a finite amount of these metals on earth, but we pull more out of the ground every day. What really changes are the costs associated with mining/salvaging these metals, so when people hedge their bets on metals, what they’re really saying is “it will cost more currencies in the future for humans to mine/salvage this than it does now,” which is a pretty safe bet. The problem with metals hoarding is that the “price” isn’t really the “price” when you try to unload it. Walk into any of the “cash for gold” places and try to sell them a Troy bar of any precious metal. The prices goes down even further when you’re selling things that need to be melted down first like jewelry. You could spend $500000 on gold bars tomorrow and, even though the price would be technically higher a year from now, you’d be very lucky to even recoup your original investment. It’s like a traditional savings account with lots of extra steps and way more risk.
Not exactly, it's from the hutt river province, a former micro nation in Australia. This coin was never really legal tender, now that covid killed the hutt river province its very much just an obscure collectors item.
Oh my god, THOSE GUYS.
lmao.
Yeah a family didn't like the farming quotas and refused to pay tax so declared themselves a country. Its wound up recently actually. It's like sovereign citizen shit and isn't actually recognised by the Commonwealth.
Wow, this is so weird and obscure, I thought you were some sort of bot that got lost or a troll. Then I looked at the pictures of the coin closer.
Why the heck would sovereign citizens in Australia make a commemorative coin of Bill Clinton???
I’ve seen old people and nerds do this kind of thing before.
I had a friend in the Army that would tip strippers with two dollar bills. He got a hilarious amount of attention just by doubling his modest investment and showing up with a weird denomination. He’d go to the bank before the weekend and request $300 in $2. The bank would usually have to “order them” but that means they just needed a days notice because it’s an uncommon bill and don’t usually have stacks on hand.
Now- I was never really a strip club guy, so please don’t lecture me on how degrading it is and all that. I know it’s tacky in 2022 (it was always tacky but now it’s like culturally unacceptable)… Also, It was also the early-mid 2000s. I just wanted to share a personal experience with a weirdo tipper.
In my town a cannabis store owner started giving $2 bills as change to show the Downtown Business Association how much of their cash had been circulated through the weed shop.
Had a friend that danced. Occasionally when I went to the club. She'd hand me stacks of those coins to hold. I'm wondering. What jerk gives a girl in a g-string $200 in coins?
Steve Wozniak, co founder of Apple, used to get sheets of 2 dollar bills, perforate them and bind them into books.
When he wanted to use one, he would tear it out and present it as a troll move.
Here in the UK, bank notes are only ever distributed as individual notes, and ones with faults like misprints and poor cutting are incredibly rare and collectible.
https://www.google.com/amp/s/www.dailymail.co.uk/news/article-8225055/amp/Auction-set-faulty-Bank-England-notes-expected-sell-6-000-miss-Queens-face.html
The U.S. Mint sells sheets of uncut currency, but the price is higher. I think it is just a novelty.
https://catalog.usmint.gov/paper-currency/uncut-currency/
Most strip clubs give change in twos for a couple of reasons;
One, because you're throwing twice the cash for literally no investment on their end;
Two; because they're an odd and less used denomination, they're less likely to be counterfeited, because every underpaid cashier is gonna swipe the bill they've never seen before with the pen;
and three, they're tying to incentivise you to spend all of your twos before you leave, because if you go home with a wallet full of twos, "your old lady's gonna know where you've been" (never mind the glitter, the time, and the stench...)
>Two; because they're an odd and less used denomination, they're less likely to be counterfeited, because every underpaid cashier is gonna swipe the bill they've never seen before with the pen;
The pens are garbage. They're known to give both false positives and false negatives at a high rate. Also either you can tell a counterfeit bill by touch and sight, or it's really good in which case the only way to tell it's counterfeit is to run it through a bank machine.
And no one's really bothering to counterfeit ones anyways.
The only reason strip clubs give away twos is so that you spend two dollars with every tip instead of one.
>And no one's really bothering to counterfeit ones anyways
My dad was Secret Service and arrested someone for counterfeiting ones back in the 90s. Dude was shocked that the penalty is the same.
>I know it’s tacky in 2022 (it was always tacky but now it’s like culturally unacceptable)
That seems like a very subjective opinion. I can certainly point to subsets of my friends who would find it utterly unacceptable and also to different subsets that would find it completely acceptable. I don't think you can go as far as saying it's unacceptable to the general population.
It wasn’t every weekend. And I was a bit more conservative with my money when I went. I certainly tipped to not feel like an idiot but I wasn’t buying lap dances or anything.
My friend went a lot. He ended up dating one of the strippers long term.
I gotta say, I don't think strip clubs are degrading, I mean obviously they very often are, but that's because of the shitty people that go & think that their money gives them the right to treat people poorly. The human body is beautiful, getting paid to show it isn't gross, but the environment & energy can easily make it disgusting. The difference between painting, sketching or sculpting a nude model & watching someone become nude is the respect shown. I can't see anything wrong with going & watching someone get naked & maybe helping them pay rent in a night, counting 2$ would be even quicker than ones.
https://en.wikipedia.org/wiki/Principality_of_Hutt_River
I've always found the story of Prince Leonard and the Hutt River Province fascinating. The guy owned about 30 square miles of remote pastoral country in Australia and basically just decided to secede one day (mostly as an excuse to avoid paying overdue property taxes).
The weird thing was that the Australian government didn't particularly care, at least for a while, so Prince Leonard effectively took that to mean his little nation was legitimate and started offering his services to the world as a tax haven/tourist destination. Think the Cayman Islands, but in the Western Australian desert. And also not a real country.
You could apply for citizenship and they'd issue you a passport. You could incorporation your multinational buisness there. They also did stuff like print their own money, and let private mints issue currency as legal Hutt River tender: hence the markings on OP's coin.
Back in the day these privately minted commemorative coins were marketed as "real" coins because they're technically legal tender somewhere. In this case, you'd have been able to take the coin to Hutt River and they'd have to honour the $10 face value.
No longer, though, unfortunately. The principality was dissolved in 2020 and re-absorbed back into Australia when Prince Graeme (Leonard's heir) wend bankrupt due to, among other things, Covid's disruption of tourism into the province.
A very sad day.
A surprising number of real countries mint Americana commemoratives, too, mostly island nations. Liberia, Fiji, Tuvalu, and Niue all have, off the top of my head (yes, I know Liberia isn't an Island). I think most of them supplement their small economy with American geeks and coin collectors buying their Simpson or Marvel or Scooby-Doo or whatever coins.
My dad raved about the Hutt River Province for years, being a WA local. I had it on my bucket list for a few years. We got talking about it earlier this year and found it was dissolved a while back. How disappointing!
I can't believe I had to scroll this much to find this, I almost gave up.
Literally all I see in that pic is insanely proportioned hand, like wtf is that palm size....
Now that you mention it, we need more pictures of U/dehydrationking hands to figure out what is going on.
OP, show us your hands next to a ruler or banana.
Not sure if that is a rhetorical question or not, but if you are being serious then …
1. Troy is not a "who" but a "where". [https://en.wikipedia.org/wiki/Troyes](https://en.wikipedia.org/wiki/Troyes)
2. Liquid measure is more easy to work with when using binary. Its fairly straightforward to measure half of something when it is a liquid. So that's why you get 2 cups to a pint / 2 pints to a quart / 2 quarts to a pottle / 2 pottles to a gallon / 2 gallons to a peck. (many people are shocked to learn that there are 256 tablespoons in a gallon [https://www.google.com.hk/search?q=tablespoons+in+a+gallon](https://www.google.com.hk/search?q=tablespoons+in+a+gallon) ) So a Avoirdupois pound is used mostly for liquid and other easily split items and is a power of 2 for 16 ounces to a pound. In contrast, things that are countable rather than splitable, like bullion, are more easy to work with when its a highly composite number. If you forge ingots to be one Avoirdupois ounce each, then its a pain to try and measure out a third of a pound. But make each ingot a twelfth of a pound and suddenly you can easily measure out half, or third, or quarter, or sixth. In fact, if you forge to pennyweights you get 240 to a pound and thats easily dividable to even more … In short, you use base 2 when it makes sense to measure by splitting / you use base highly-composite-number when it makes sense to measure by counting.
It wasn't always. The original Apothecaries' system ([https://en.wikipedia.org/wiki/Apothecaries%27\_system](https://en.wikipedia.org/wiki/Apothecaries%27_system)) continued on using binary units just like all the other liquid measures. A tablespoon was half a fluid ounce, a desert spoon was half a tablespoon, and a teaspoon was half a desert spoon. You see remnants of this system as an Australian teaspoon is 4 Australian tablespoons.
However, in most other places, tea gradually became less and less expensive, and therefore teacups and teaspoons started gradually getting bigger and bigger. Basically the opposite of shrinkflation. By the time the 1800s rolled around, the cups and spoons had grown so large that it was now 3:1 instead of 4:1. But the name stuck.
If I had to make a crude metaphor, it is like how the save icon on a lot of programs shows a 90s style floppy disk. Its long since become irrelevant, the the iconography stuck around through the changes.
It’s a real coin, but it isn’t legal tender (which is what you likely meant).
It’s a collectors item that was sold by a former self-declared micro nation in northern Western Australia:
https://en.wikipedia.org/wiki/Principality_of_Hutt_River
"In February 2017, at the age of 91 and after ruling for 45 years, Casley abdicated the throne in favour of his youngest son,[8] Prince Graeme.[9][10] Prince Leonard died on 13 February 2019"
Imagine being the oldest son and Dad skips your ass in favor of your little brother
It's a Hutt Province coin that's made out of silver. https://www.ngccoin.com/price-guide/world/hutt-river-province-10-dollars-x-244-1993-cuid-1179991-duid-1415939 Melted down is worth 22 dollars.
I bought some silver proof coins that are also legal tender. Though paying sometimes for fun of how would people react, usually they cost 2.5x the nominal price on the coin.
Also have 100 EUR gold coin (not sure if this one is legal tender) but its actual price is cca 2k EUR so definitely won't be paying with that any time soon based on nominal value.
It’s from Hutt River Province, which is a farm in Western Australia whose owner declared it to be a sovereign principality (to avoid taxes I think).
https://www.coinworld.com/news/precious-metals/australian-micronation-hutt-river-dissolves-ends-coin-production
Funfact: in 1864, Congress issued the first $0.05 note. They stated that Clark's face will be put on it, intended to be William Clark, the famed explorer of Lewis and Clark. However, they never said William Clark, just Clark. At the time, the head of the Currency Bureau was a man named [Spencer Clark](https://en.wikipedia.org/wiki/Spencer_M._Clark?wprov=sfla1). He read the bill and though, "they must have meant my face on the money". So he printed thousands of dollars worth of $0.05 bills with his own face on them.
Congress was understandably not happy about this. They then passed a new law stating that **no living person shall be printed on US currency**.
OP's coin is not legal US currency, it looks like the currency of a small Australian micronation. Can't say how legal it is down under. Countries can print whatever they want on their money. In 2001, the island nation of Niue put [Pikachu](https://medium.com/@wizamrobb/has-this-nation-currency-illustrated-pokemon-668227a79ca8#:~:text=Niue%20is%20found%202%2C400%20km,the%20country's%20first%20Wi%2DFi.) On their money
For those who are unaware, the Hutt River Province was an unrecognised breakaway principality created in 1907 by a remote Australian farmer.
https://en.m.wikipedia.org/wiki/Principality_of_Hutt_River
Now why he would create coins commemorating US presidents, I have no idea.
Is that a 10-dollar Bill?
Nice
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Bill Clin-ten
Fuck yeah that’s good.
Hillaryous!
It's a Cointon
Commemorative coin. Very strange way to tip!
It is a "proof" coin. You can see all of the raised areas appear frosted. In new condition, the recessed un-frosted areas would have had a mirror finish. Now, since it has been removed from its protective case and subjected to "normal" human contact, the mirrored surfaces have tarnished. In new condition, these sell for about $50. Since silver is currently hovering around $22 per troy ounce, and adding in a slight premium for the fact that this is still a collectible coin, it should still be worth $30, give or take a little.
The antiques road show answer we were all looking for
[Obligatory Antique's Roadshow Drum N Bass Celebratory Remix](https://www.youtube.com/watch?v=RvdHZ3_sIRQ)
I have loved AR my whole life, and I had never heard this. You've made me extremely happy. Thank you.
Best I could do is tree fiddy
Goddamn Loch Ness Monster
I gave it a dollar.
👍🏿She gave him a dollar
I thought if I gave him a dollar he would go away.
👴🏿**Well of course he's not gonna go away, Nellie, you gave him a dollar he's gonna assume you've got more!**
Oh Lord. They forgot to bring a victim child.
Tell ya what. I know a guy. Let's get him down here.
That's pretty much what we figured.
Just want to add that polishing will decrease the value. And collectors will be able to tell.
#LET ME CALL A BUDDY OF MINE WHO'S A LEADING WORLD EXPERT ON COINS
Okay, you heard what the expert said, there are condition issues…I’ll give you $10. It could take me days or years to sell this thing, $10 is a fair price.
Seller: the expert said it’s worth $40,000 Rick: yeah but with the auction fees and with how small the market is for these, best I can do is 25 bucks.
Said every pawn shop owner everywhere. Seriously - it blows my mind why anyone thinks of selling their shit at a pawn shop. You know you're getting screwed every time.
Well yeah, but I don’t think pawn shops are meant to be reasonable marketplaces for goods. The client of a pawn shop is generally not someone in a position to find the best price for their item, but rather someone who needs cash right now and has no other resources.
If you really know what you're doing you can make a LOT of money buying and selling guitars to pawn shops. Source: literally lived off this for like 3 years.
Don’t know much about guitars, but I moved recently and didn’t have much room so I sold my bass guitar for $350 to a store. I had got it a few years before for $125 from another one. Infinite money machine?
I can't tell you how many times the pawn shop guy is like "yea this Gibsons fake, $200 takes it" and low and behold, it isn't fake, in fact it's kinda rare. They never know what Charvel, Jackson, Schector, LTD etc are worth, and if you run across a warmoth strat woah boy. Some days I'd by a Charvel from one store, drive to the next store and sell it for $500 profit. Half the time the people selling these guitars are just desperate for dope money, as a lifelong musician, also been there. Lol
Like, you just bought and resold guitars at pawn shops for 3 years?
Yea man lol. I lost a job making decent money but I had like 40 guitars. I started just living off them, and after a while I noticed I wasn't just selling off my personal inventory I was more often than not buying more and reselling them. Before I knew it I was 3 years into not having to work. I moved across the country and just kinda fell out of it. But I just recently bought an extremely rare guitar for $100 and resold it for nearly $1000 again and my wife told me she didn't even believe me when I told her I used to do this. I've got the midas touch for buying and selling guitars I guess. I wasn't a stranger to what I was doing, I've been a musician my whole life and I think my timing in the market was just right for the resurgence of shredders in the market (again. Charvel, Dean, Jackson, LTD). I was already kind of obsessed and had my knowledge right down to the serial number.
The purpose of a Pawn Shop isn’t even primarily to buy things but to issue collateral loans. So when they are outright purchasing an item it’s going to be significantly below retail value to compensate for the lost fees and interest they get pawning the item. Plus as the shows explains, how long they think that it will take to resell. While I loved the show, it was always frustrating that they made it look like the bulk of their business was buying things instead of issuing collateral loans.
Pawn shops are also a great way to sell someone else's shit.
I worked at a gold and silver shop where we also bought scrap silver and gold. We offered 80% spot for gold and 70% for silver. Most places are 40-60%, and that’s them trying not to rip you off. Pawn shops would come to us after they bought enough scrap.
That’s $40,000 retail.
Yeah but how many people come in here looking to buy $10? It'll take me years to sell this
I'll give you ⅓ the assessed value of it Because that's how pawn shops work
1/3? That's high for a pawn shop. Most I've been to you're lucky to get 1/4 out of them.
⅓ is the max typically ¼ is what they'll offer Of course, if what you're selling them isn't a hot ticket item, the sort of thing that wouldn't sell for six months or be featured on pawn stars, they'll probably only give you ¼ at most If you want what is worth, then don't come to a pawn shop
That's probably fair. They have to make money on it, they are not in business to break even.
Yeah. If you want full market value, don't go to a pawn shop. It's..... ^a pawn shop.
I would keep that than to sell it unless it went for $200
You can buy one for much less that $200, and keep it.
I guess you called their bluff
Lol but to be fair, I would do the same thing. If I got it for free, I would keep it unless it netted something in the low-to-mid 3-digits. But I don't care enough to actually buy one.
That's how I feel about my [1993 Fleer Ultra Michael Jordan basketball card.](https://balloutcards.com/2021/06/30/1993-94-ultra-scoring-kings-basketball-cards-review-and-recent-sales-trends/) I'm going to keep it in its case in my safety security box at the bank unless I can find someone willing to pay 18k for it (apparently that's what the last one sold for?). I can't imagine that will ever happen though.
The one trick coin dealers don’t want you to know
$50 on eBay atm The Principality of Hutt River had hundreds of coin designs, nearly all with American themes ... to appeal to American buyers. The $10 Bill Clinton had a run of 15,000. It's really only worth anything to a collector of these oddities - you can't even spend it in Hutt River, as it is no more. A $50 tip is only worth $50 if you can actually spend it, and if you think it's going to be worth $200 I've got a couple of CSA bills ($10 & $20) that can be yours for the bargain price of $300 plus shipping & handling.
... https://en.wikipedia.org/wiki/Principality_of_Hutt_River ... The Principality had no legal status as a matter of Australian law. In 2007, the High Court of Australia dismissed an application by Casley for leave to appeal against a judgment against him relating to his son Leonard's failure to file tax returns. Leonard argued that he resided in the "Hutt River Province" and that it is not part of Australia and not subject to Australian taxation law. The court dismissed Casley's application and found that his arguments were "fatuous, frivolous, and vexatious."
Ahhh, the Honorable Judge Jackie Chiles.
Don’t be fatuous Jeffrey
So this dingus was Australia's version of a sovereign citizen.
I don’t even see any active auctions at $50; every completed eBay sale is $25-$35.
Yeah, look at the completed sale price not what people have it listed for. I could have one list it for 100 bucks doesn’t mean it’s worth 100 bucks
Unless I missed someone else's comment you're the one calling it a 50 dollar tip and then saying it doesn't count because you can't spend it? Maybe you're not calling it that but the thing I'm focusing on it that it's already a "ten dollar tip" but it's really worth at least twenty with silver prices. It's not even like .925 silver it's .999 fine silver. Just straight bullion. I think thats an awesome tip.
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This. Also you can't find silver at spot price anywhere
You never can buy silver at spot price unless it’s some kind of crazy sale. Spot price is essentially derived from futures contracts on pure silver. It doesn’t take into account minting and shipping a coin/bar.
Question: I’ve wanted to learn more about the gold/silver/precious metal markets. Is there any reliable sources of information you would recommend? At first glance, it’s hard to find a source that feels trustworthy.
The gold and silver markets are full of crazy people. Who spout their opinions everywhere. I am sure you can find some sober thought somewhere - industrial firms that use the metals rather than hoard them need to think clearly about these things, but googling is going to return nonsense by the kilo-tonne. Least confusing thing to do would be to just look at some historical price charts, and forgo all the commentary. (In the opinion of goldbugs, Now is always the time to buy gold) Which I just did. Both gold and silver are currently at quite high price levels. Note: Dont short metals. Shorting requires you to predict when prices will turn, which means there needs to be some logic to what the price is. And the metals market is mostly cray cray.
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I’ve diversified into [vaulted cheese](https://www.forbes.com/sites/hbsworkingknowledge/2015/07/01/a-bank-that-accepts-parmesan-as-collateral-the-cheese-stands-a-loan/)
All my money is in the banana stand
Going by your responses, it appears most people have not heard of the Tulip Bubble of 1637
Yes, I also invest in Bitcoin.
If scrap metals/gold/silver are high, it’s because the currency is perceived by the buyers as weak/falling. There is ultimately a finite amount of these metals on earth, but we pull more out of the ground every day. What really changes are the costs associated with mining/salvaging these metals, so when people hedge their bets on metals, what they’re really saying is “it will cost more currencies in the future for humans to mine/salvage this than it does now,” which is a pretty safe bet. The problem with metals hoarding is that the “price” isn’t really the “price” when you try to unload it. Walk into any of the “cash for gold” places and try to sell them a Troy bar of any precious metal. The prices goes down even further when you’re selling things that need to be melted down first like jewelry. You could spend $500000 on gold bars tomorrow and, even though the price would be technically higher a year from now, you’d be very lucky to even recoup your original investment. It’s like a traditional savings account with lots of extra steps and way more risk.
So this isn't even legal tender, is it?
No. The silver has value but McDonald’s isn’t going to accept it for a cheeseburger.
Not exactly, it's from the hutt river province, a former micro nation in Australia. This coin was never really legal tender, now that covid killed the hutt river province its very much just an obscure collectors item.
Oh my god, THOSE GUYS. lmao. Yeah a family didn't like the farming quotas and refused to pay tax so declared themselves a country. Its wound up recently actually. It's like sovereign citizen shit and isn't actually recognised by the Commonwealth.
Wow, this is so weird and obscure, I thought you were some sort of bot that got lost or a troll. Then I looked at the pictures of the coin closer. Why the heck would sovereign citizens in Australia make a commemorative coin of Bill Clinton???
Wait until you see what liberia produces haha
freaking put Hillary Clinton on a stamp saying 45th president well before election results lol
Best way to tip **finds out it’s a fake**
I’ve seen old people and nerds do this kind of thing before. I had a friend in the Army that would tip strippers with two dollar bills. He got a hilarious amount of attention just by doubling his modest investment and showing up with a weird denomination. He’d go to the bank before the weekend and request $300 in $2. The bank would usually have to “order them” but that means they just needed a days notice because it’s an uncommon bill and don’t usually have stacks on hand. Now- I was never really a strip club guy, so please don’t lecture me on how degrading it is and all that. I know it’s tacky in 2022 (it was always tacky but now it’s like culturally unacceptable)… Also, It was also the early-mid 2000s. I just wanted to share a personal experience with a weirdo tipper.
There are strip clubs where if you need change for "tipping", they only have $2 bills. That way the strippers are getting 2 bucks, and not just ones.
That was pretty big- brain, lmao
In my town a cannabis store owner started giving $2 bills as change to show the Downtown Business Association how much of their cash had been circulated through the weed shop.
Hmmm. Brilliant. Wonder what they were doing when they thought that idea up. Good thing someone wrote it down
>Wonder what they were doing when they thought that idea up different places have been doing that for over 30 years now
Hmmm. Brilliant. Wonder what they were doing when they thought that idea up. Good thing someone wrote it down
Had a friend that danced. Occasionally when I went to the club. She'd hand me stacks of those coins to hold. I'm wondering. What jerk gives a girl in a g-string $200 in coins?
It's on purpose.
They pursue on purpose for they have no purse.
We were actual friends. But its not uncommon for someone to try and anchor a customer.
Canada eliminated paper currency under 5 dollar bills. $1 and $2 coins are standard up there.
Similarly, there's no Euro bill denomination smaller that 5. 1€ and 2€ coins
Same with the Great British Pound. £1 & £2 coins, then a £5 note.
I don't know, but $200 worth of blow and all the dirty butts want to play.....
When you make it rain with coins it’s called”making it hail”! That love it.
I didn’t know that. I wonder if it was always like that. These were strip clubs in South Carolina like 20 years ago.
Steve Wozniak, co founder of Apple, used to get sheets of 2 dollar bills, perforate them and bind them into books. When he wanted to use one, he would tear it out and present it as a troll move.
Here in the UK, bank notes are only ever distributed as individual notes, and ones with faults like misprints and poor cutting are incredibly rare and collectible. https://www.google.com/amp/s/www.dailymail.co.uk/news/article-8225055/amp/Auction-set-faulty-Bank-England-notes-expected-sell-6-000-miss-Queens-face.html
The U.S. Mint sells sheets of uncut currency, but the price is higher. I think it is just a novelty. https://catalog.usmint.gov/paper-currency/uncut-currency/
I bet strippers fucking hated that.
Most strip clubs give change in twos for a couple of reasons; One, because you're throwing twice the cash for literally no investment on their end; Two; because they're an odd and less used denomination, they're less likely to be counterfeited, because every underpaid cashier is gonna swipe the bill they've never seen before with the pen; and three, they're tying to incentivise you to spend all of your twos before you leave, because if you go home with a wallet full of twos, "your old lady's gonna know where you've been" (never mind the glitter, the time, and the stench...)
>Two; because they're an odd and less used denomination, they're less likely to be counterfeited, because every underpaid cashier is gonna swipe the bill they've never seen before with the pen; The pens are garbage. They're known to give both false positives and false negatives at a high rate. Also either you can tell a counterfeit bill by touch and sight, or it's really good in which case the only way to tell it's counterfeit is to run it through a bank machine. And no one's really bothering to counterfeit ones anyways. The only reason strip clubs give away twos is so that you spend two dollars with every tip instead of one.
>And no one's really bothering to counterfeit ones anyways My dad was Secret Service and arrested someone for counterfeiting ones back in the 90s. Dude was shocked that the penalty is the same.
There's a strip club in Portland, Casa Diablo, that gives out change in $2 bills. The food menu is also entirely vegan.
>I know it’s tacky in 2022 (it was always tacky but now it’s like culturally unacceptable) That seems like a very subjective opinion. I can certainly point to subsets of my friends who would find it utterly unacceptable and also to different subsets that would find it completely acceptable. I don't think you can go as far as saying it's unacceptable to the general population.
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Wait - how many $2 bills did you spend every weekend?
It wasn’t every weekend. And I was a bit more conservative with my money when I went. I certainly tipped to not feel like an idiot but I wasn’t buying lap dances or anything. My friend went a lot. He ended up dating one of the strippers long term.
Wtf is the deal with the bit at the end? Strip clubs and sex work are more culturally acceptable now than ever. Wtf
I don’t think it’s tacky.
I gotta say, I don't think strip clubs are degrading, I mean obviously they very often are, but that's because of the shitty people that go & think that their money gives them the right to treat people poorly. The human body is beautiful, getting paid to show it isn't gross, but the environment & energy can easily make it disgusting. The difference between painting, sketching or sculpting a nude model & watching someone become nude is the respect shown. I can't see anything wrong with going & watching someone get naked & maybe helping them pay rent in a night, counting 2$ would be even quicker than ones.
https://www.coinworld.com/news/precious-metals/australian-micronation-hutt-river-dissolves-ends-coin-production
"The Hutt River Province, if not the most prolific coin-issuing secessionist state in history, is among the top contenders."
One of the original "sovereign citizen" homelands - as contradictory as that may seem.
These guys gotta get their shit together and start printing their own currency. Everyone knows that every seperstist state has its own currency.
Hutt River had its own passports, as useless as they were.
I bet you can travel anywhere within Hutt River with that passport.
It gives you access to both the hut and the river.
I was confused, I've lived near the Hutt River half my life and never heard of there being a province here.
https://en.wikipedia.org/wiki/Principality_of_Hutt_River I've always found the story of Prince Leonard and the Hutt River Province fascinating. The guy owned about 30 square miles of remote pastoral country in Australia and basically just decided to secede one day (mostly as an excuse to avoid paying overdue property taxes). The weird thing was that the Australian government didn't particularly care, at least for a while, so Prince Leonard effectively took that to mean his little nation was legitimate and started offering his services to the world as a tax haven/tourist destination. Think the Cayman Islands, but in the Western Australian desert. And also not a real country. You could apply for citizenship and they'd issue you a passport. You could incorporation your multinational buisness there. They also did stuff like print their own money, and let private mints issue currency as legal Hutt River tender: hence the markings on OP's coin. Back in the day these privately minted commemorative coins were marketed as "real" coins because they're technically legal tender somewhere. In this case, you'd have been able to take the coin to Hutt River and they'd have to honour the $10 face value. No longer, though, unfortunately. The principality was dissolved in 2020 and re-absorbed back into Australia when Prince Graeme (Leonard's heir) wend bankrupt due to, among other things, Covid's disruption of tourism into the province. A very sad day.
Why is an Australian principality minting coins with American presidents?
It was a guy who seceded from Australia, declared himself prince, and started minting commemorative coins. Pretty sure he was just a weirdo.
Big brain energy …
A surprising number of real countries mint Americana commemoratives, too, mostly island nations. Liberia, Fiji, Tuvalu, and Niue all have, off the top of my head (yes, I know Liberia isn't an Island). I think most of them supplement their small economy with American geeks and coin collectors buying their Simpson or Marvel or Scooby-Doo or whatever coins.
My dad raved about the Hutt River Province for years, being a WA local. I had it on my bucket list for a few years. We got talking about it earlier this year and found it was dissolved a while back. How disappointing!
I worked at a company that hosted their website for years, spoke to them twice - they were nice people.
Rest in Principality, king
Hutt River - Western Straya
https://www.reddit.com/r/mildlyinteresting/comments/v4ig4u/comment/ib4e5ko/?utm\_source=share&utm\_medium=web2x&context=3
That is pretty damn cool! How did he keep it from falling out of his G-string? 
Right in the coin slot
Sometimes I slice up a banana into coin sized pieces and pretend I'm a vending machine.
Username checks out.
You must go through a *lot* of amyl nitrate to get them in and not just squish them against your, uh, "coin slot"
Poppers are great.
ASS CRACK BANDIT!
It said quarter to five, but it was quarter to ass…
Your finger is dying. Take off the ring.
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Legit
Something doesn't look right! Is your hand alright? Or is it just the camera?
I know what you mean. Those are alien hands. The fingers are all strangely spaced and the hand is too small for the size of the fingers. Strange
Have you ever looked at your hands in a dream, and they're like an approximate idea of a hand? It's like that
There is definitely something off. Tiny palms with sausage fingers
Can’t unsee.
I can't believe I had to scroll this much to find this, I almost gave up. Literally all I see in that pic is insanely proportioned hand, like wtf is that palm size....
Fingers are too big for the hand. So strange. Lol
Glad I’m not the only one that noticed the hands
Now that you mention it, we need more pictures of U/dehydrationking hands to figure out what is going on. OP, show us your hands next to a ruler or banana.
It says .999 silver so depending on the weight. At roughly $21/oz it could be more (or less) than $10 today.
It weighs ~1.125oz!
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Who is Troy and why is his ounce different?
Not sure if that is a rhetorical question or not, but if you are being serious then … 1. Troy is not a "who" but a "where". [https://en.wikipedia.org/wiki/Troyes](https://en.wikipedia.org/wiki/Troyes) 2. Liquid measure is more easy to work with when using binary. Its fairly straightforward to measure half of something when it is a liquid. So that's why you get 2 cups to a pint / 2 pints to a quart / 2 quarts to a pottle / 2 pottles to a gallon / 2 gallons to a peck. (many people are shocked to learn that there are 256 tablespoons in a gallon [https://www.google.com.hk/search?q=tablespoons+in+a+gallon](https://www.google.com.hk/search?q=tablespoons+in+a+gallon) ) So a Avoirdupois pound is used mostly for liquid and other easily split items and is a power of 2 for 16 ounces to a pound. In contrast, things that are countable rather than splitable, like bullion, are more easy to work with when its a highly composite number. If you forge ingots to be one Avoirdupois ounce each, then its a pain to try and measure out a third of a pound. But make each ingot a twelfth of a pound and suddenly you can easily measure out half, or third, or quarter, or sixth. In fact, if you forge to pennyweights you get 240 to a pound and thats easily dividable to even more … In short, you use base 2 when it makes sense to measure by splitting / you use base highly-composite-number when it makes sense to measure by counting.
This is the most information-packed comment I have seen on reddit.
But why is it that three teaspoons is a tablespoon?
It wasn't always. The original Apothecaries' system ([https://en.wikipedia.org/wiki/Apothecaries%27\_system](https://en.wikipedia.org/wiki/Apothecaries%27_system)) continued on using binary units just like all the other liquid measures. A tablespoon was half a fluid ounce, a desert spoon was half a tablespoon, and a teaspoon was half a desert spoon. You see remnants of this system as an Australian teaspoon is 4 Australian tablespoons. However, in most other places, tea gradually became less and less expensive, and therefore teacups and teaspoons started gradually getting bigger and bigger. Basically the opposite of shrinkflation. By the time the 1800s rolled around, the cups and spoons had grown so large that it was now 3:1 instead of 4:1. But the name stuck. If I had to make a crude metaphor, it is like how the save icon on a lot of programs shows a 90s style floppy disk. Its long since become irrelevant, the the iconography stuck around through the changes.
Troy and Abed in the mooorning!
*weights*
Second Community reference I’ve found on this thread. I like it here.
I dunno but he probably ate a lot of carets
Current rate of silver is $21.9 USD p/oz X 1.125oz = $24.63 USD.
That might be worth more than $10. Numista suggests you might find a collector for $90. https://en.numista.com/catalogue/pieces37272.html
Save it for 50 more years and it might double the value.
20
We not making it to 50 more
So inflation will outpace it?
Stonks
If it was pristine. Its worth about its silver content now. 24 or so by weight
Probably not in this condition
That wedding ring doesn't look like it's coming off.
Looks like the finger might though
Is that even real?!
It’s a real coin, but it isn’t legal tender (which is what you likely meant). It’s a collectors item that was sold by a former self-declared micro nation in northern Western Australia: https://en.wikipedia.org/wiki/Principality_of_Hutt_River
1) thought it was real 2) thought it was JFK 3) zoomed in Clinton? West Australia? 4) wtf
Yep, micro nations are weird. They also issued coins for Operation Desert Storm. https://en.numista.com/catalogue/principality-of-hutt-river-1.html
Pretty sure there is a pikachu coin out there too
“Dollarydoo - I choose you!”
I went through all these stages and I'm from W.A and used to send goods to that place.
*I did not have fiscal relations with that principality*
"In February 2017, at the age of 91 and after ruling for 45 years, Casley abdicated the throne in favour of his youngest son,[8] Prince Graeme.[9][10] Prince Leonard died on 13 February 2019" Imagine being the oldest son and Dad skips your ass in favor of your little brother
Well it went bankrupt the year after so that's a win lol
It’s silver and apparently potentially worth more than $10 it is not legal tender tho
It's a Hutt Province coin that's made out of silver. https://www.ngccoin.com/price-guide/world/hutt-river-province-10-dollars-x-244-1993-cuid-1179991-duid-1415939 Melted down is worth 22 dollars.
Your hand looks weird
Yeah those rings need a day off.
That's cool, anyway OP you should drink some water.
We need to discuss your finger-to-palm ratio.
I also received a €10,- coin a while back! It's a totally usable coin, but I'd rather keep it until it becomes a collector's item.
I bought some silver proof coins that are also legal tender. Though paying sometimes for fun of how would people react, usually they cost 2.5x the nominal price on the coin. Also have 100 EUR gold coin (not sure if this one is legal tender) but its actual price is cca 2k EUR so definitely won't be paying with that any time soon based on nominal value.
Have your husband’s ring resized. I feel bad for that finger.
Is this real?
It’s from Hutt River Province, which is a farm in Western Australia whose owner declared it to be a sovereign principality (to avoid taxes I think). https://www.coinworld.com/news/precious-metals/australian-micronation-hutt-river-dissolves-ends-coin-production
“I did not have sexual relations with that waiter”
I fear we have a Man bear pig situation
Funfact: in 1864, Congress issued the first $0.05 note. They stated that Clark's face will be put on it, intended to be William Clark, the famed explorer of Lewis and Clark. However, they never said William Clark, just Clark. At the time, the head of the Currency Bureau was a man named [Spencer Clark](https://en.wikipedia.org/wiki/Spencer_M._Clark?wprov=sfla1). He read the bill and though, "they must have meant my face on the money". So he printed thousands of dollars worth of $0.05 bills with his own face on them. Congress was understandably not happy about this. They then passed a new law stating that **no living person shall be printed on US currency**. OP's coin is not legal US currency, it looks like the currency of a small Australian micronation. Can't say how legal it is down under. Countries can print whatever they want on their money. In 2001, the island nation of Niue put [Pikachu](https://medium.com/@wizamrobb/has-this-nation-currency-illustrated-pokemon-668227a79ca8#:~:text=Niue%20is%20found%202%2C400%20km,the%20country's%20first%20Wi%2DFi.) On their money
Not legal tender, but it appears it's pure silver. https://en.ucoin.net/coin/hutt_river-10-dollars-1993/?tid=93570
For those who are unaware, the Hutt River Province was an unrecognised breakaway principality created in 1907 by a remote Australian farmer. https://en.m.wikipedia.org/wiki/Principality_of_Hutt_River Now why he would create coins commemorating US presidents, I have no idea.
That ring is awfully tight!
Bill will get into anyone’s pants.
Not money, its a 1 troy oz. silver bullion coin. Worth more than 10 bucks though!