Tag Collections

See a penny, pick it up

Michael 8 Comments

Last week I was called a friend just to chat and the opening line I used was, “HI, what’s new.” “I’m sorting pennies while I still can. I haven’t found any good ones yet.” This was actually the second time in a few months our conversation started thus. Thusly? Started like that.

Last weeks news that the US Mint is officially out of the penny minting business has people across the country breaking into piggy banks looking for elusive billion dollar pennies.

Way way way back, I wrote a post about a someone who paid $1.38 million dollars for a penny. People complain when scalpers ticket brokers charge more than face value for tickets. Nobody said anything about the guy who paid $1,379,999.99 over face for a penny. Okay, so it was minted in 1793, but it’s still just a penny, right?

The chance of you pulling another 1793 penny from your safe deposit piglet is so rare it ain’t gonna happen. The chance off pulling an illusive 1943 or 1943-D penny worth a paltry $1.00 million is close too it ain’t gonna happen either. But digging up a pre-1982 penny is possible. Not probable but possible. In theory, a pre-1982 penny, thanks to its near (95%) all copper makeup, is worth at least three cents.

But is it? Copper is currently trading at about $.01 per gram, those older pennies weigh 3 grams, so they contain about three times their face value in copper metal. Except they aren’t worth 3 cents because as legal tender, it is illegal to melt down coins for their metal weight value.

It has been said the value of any object is how much somebody is willing to pay for it, yet its worth is how much somebody wants for it. Rarely are worth and value equal. If our collections actually cost what we feel they are worth, they would far exceed most people’s ability to pay for them, thus lowering their value. But it is because we place such worth on these objects that give us so much joy that they are so valuable to us. Even pennies.

Was my friend searching for that million dollar treasure or a handful of three penny pennies? Turns out neither was to be found so it didn’t really matter other than it made for a pleasant conversation and a not so worthless blog post. Or maybe that would be a priceless post.

With Three You Get Collections

Michael 1 Comment

Where does a collection end and an obsession begin?  For that matter, where does a collection begin?  We believe that with two you have a spare.  With three you have a collection.   Webster prefers not to be so specific, calling a collection a mass or a pile, as in “that’s a pile of money you have there” if someone was to describe your twenty dollar bill collection.  But why do we even care?

In the news this weekend was the report that someone paid $1.38 million (a pile of money, for sure) for a penny.  It bears mentioning that it was a penny minted in 1793 and it was all copper.  Ok, it bears most mentioning that it was minted in 1793 but the news people all seemed a bit obsessed with it being copper, too.  That penny came up in our discussion over brunch and that’s why we care.

Those shows on television that claim to be reality shows (unlike this very blog you are reading that we know is the real reality show), might like to lead viewers to believe that finding a million dollar penny is no harder than breaking into your piggy bank, blowing the dust of the pennies that appear to be all copper, make up a good story to go with one, and drop it off at the local pawn shop.  If that doesn’t work, go bid on a storage shed that has been ignored by its renter for long enough to get on the “sell for rent” list and you will certainly find at least one million dollar penny, probably 3 or 4, taped to the inside of a clarinet case underneath the felt covering.  They’ll also tell you that if you don’t find that million dollar penny and you keep buying up clarinet cases looking for it, and you keep all the empty clarinet cases in the kitchen piled so high that you can’t get to your trash compactor, all it takes is a weekend with some assertive relatives and a professional organizer (household, not union), and you too can avoid eviction, commitment, or both.

But we digress…

She of We asked why somebody would pay so much for something that, at face value, is only worth one cent.  He of We cautioned her that she has art hanging on her wall for which somebody paid much more than face value if face value is calculated by the cost of canvas and paint.  It’s in the beauty of it.  It gives her joy to look at.  And there is the reason.  Beauty and joy trump face value every time.

The collecting game is probably not terribly rational.  There are many this weekend who are questioning the sanity of that unidentified buyer of the 1793 penny and his $1.38 million bid.  Both of We have several collections and in their entirety they don’t cost $1.38 million.  In their entirety they may not cost more than the computer you are using to read these words.  Yet there are still some people who may question the sanity of spending even just a few dollars for one more Mr. Potato Head, one more holiday inspired animated hat, or one more miniature version of a 1960’s era full size toy.  Some may question putting our risk of insanity in the same category of one who spends well over $1 million on a single coin as somewhat ambitious.  Then again, some people may consider putting a pile of hats that sing and move up and down in the same category as a coin collection is in itself pretty ambitious.

What is a collection?  Encarta gets a little more verbose than Webster and is willing to state that a collection is a set of objects held for its interest, value, or beauty.  So what is the value of that 1793 penny?  One cent?  $1.38 million?  It’s been said the value of any object is how much somebody is willing to pay for it, yet its worth is how much somebody wants for it.  Rarely are worth and value equal.  If our collections actually cost what we feel they are worth, they would far exceed our ability to pay for them, thus lowering their value to us.  But it is because we place such worth on these objects that give us so much joy that they are so valuable to us.

Yes, a collection is interesting and beautiful and valuable.  And not at all rational.  And just a little obsessive.  But perfectly sane.  If we didn’t covet those things of beauty that give us such joy, why would we want anything?  Is it crazy to spend $1.38 million for a coin?  Is it crazy to spend $20 for a hat that plays “The Stars and Stripes Forever?”  The answer to both is yes.  But neither is the question.  The question is, what is it worth to look upon what you have and say you wanted it, you looked for it, you found it, you got it, and you like having it for the joy that it brings you?  It’s worth more than all the money in the world.  It truly is priceless.

Now, that’s what we think.  Really.  How ‘bout you?

 

Away in a Manger

Michael Leave a comment

About this time of year some stupid group will start complaining that this town or that city is erecting a crèche or manger scene in front of the municipal building or city hall.  Those poor, uneducated, short-sighted people.  Don’t they understand that the whole reason we have Christmas and Christmas trees, and Christmas cookies, and Christmas sales is because of what happened at the original manger scene?  It’s a very special time marking a very special occasion and those mangers being raised all over the world are our way of saying Happy Birthday to a very special person.  And on top of that, they keep the economy going.

Ok, we admit it started out as a bit more serious topic but as we started exploring the world of nativity scenes we found literally a world of nativity scenes.  We have a little help.  He of We has a collection of over 50 of mangers.  That’s over 50 Holy Families who come out of their storage bins once a year at Christmas decorating time.  When you see something only once a year you really take a good look at it and learn to appreciate what went into making it.  (Think of that crazy uncle you only see at the family reunion picnic.  On the other hand, don’t.)  So this year when the first newscast of the first group of dolts complaining about the first manger being erected in front of a city hall we got to thinking about all those mangers we’ve seen over the years, the beauty in each one, and the story behind every one.

We’ve seen nativities (complete with the ultimate arrival of the wise men) made of clothes pins, cheesecloth, corn husks, ceramic, glass, plastic, straw, bronze, wood (carved, sculpted, machine cut and assembled, hinged, and nested), bronze, stone, steel, marble, paper, wool, and rubber.  We’ve seen them sitting, standing, and hanging.  We’ve seen them in music boxes and as music boxes.  We’ve seen them made into nutcrackers and etched onto glass.  We’ve seen them cut from barn board and cut out of paper.  We’ve seen them from matchbox size to life size.  We’ve even seen an inflatable version.  We have them made in America, Canada, Mexico, China, Korea, Germany, Italy, France, and Hong Kong.  He of We even has one that was made in Bethlehem.

When there are that many versions celebrating a single point of time it’s very hard to argue that the event must be pretty special.  Clearly somebody wants every culture, every nation, every class, every society to feel comfortable sharing time and space with a very special Family.  We figure those people who object to a crèche displayed in public just haven’t found their personal favorite yet. 

Whether sharing a front yard with an inflatable snow globe and Santa popping out of a chimney or taking a place of honor under the tree, the beauty of all those different materials made by all those different hands tells the story of love, patience, and decency.  What a great way to keep our economy going!   

Now, that’s what we think.  Really.  How ‘bout you?