Coin without any number/figure?

...spastic...

 

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17...

This is her age of the kid, born with physical spasticity, of next door neighbour.
She can not communicate with anyone at all... But, communicated with me. She somehow hold a one kurus coin in her hand and gave it to her father... (There are many people who look physically healthy, but, they are worse than the spastics, physically weaker than her, they can not held one kurus/cent/etc coin in their hands, they can not carry it in their pockets...)

1coin must be TOO heavy for such corgies...

 

Before Spastics and "Spastics"... Urgency order in this Work Safety, at this rehabilitation hospital:

Electricians first... Then, doctors/nurses/physiotherapists/etc... Then, that spastic kid who too visiting there.

Because all those medical equipments, including computers used, are electrical items...
While doing treatments to the patient, an electricity leak may cause all efforts to be wasted and may cause extra shocks...
Therefore, electricians should do the work carefully first and for this, they are the first who should have 1coin in their pockets...

 

...bat crap crazy...

 

Well Said...
.
.
.


Well Done...

PS: CoinCorgi, if your "...bat crap crazy" is addressed to ErolGarip, say it clearly, do not hesitate... I've heard such words from mentally healthies... well, from mentally unhealthies as well... They can talk.. sense or nonsense... Erol is at Work...
Electricians too are at Work...

 

I bet you have.

 

Erol aside, the question and concept is kind of interesting. Obviously the only function of money is to transfer property. In the earliest days, the answer was barter. When the items of commerce became too big to easily transfer (a cow or pig or some such), something had to come to represent the commodity. This had to be something that was fairly unique or commerce would be undone by counterfeiting. Also, there were certain items of commerce that were inherently valuable (gold, silver, copper, bronze, gemstones). It stands to reason that one marker could represent one commodity (one Chinese knife money equals one cow), but when people started to deal in more bulk, the design or size of the exchange media had to change to reflect this. Or I might be wrong...never mind.

 

Yup, you won.
But, those "mentally healthies" such as "mental doctors" at the hospitals here have started to become real mental healthies after they've hardly got one kurus coins in their pockets (and, they've not said such words about erol anymore. Btw, I had also said "I've heard such words like crazy from mentally unhealthies as well", but, you cropped it. Why? Anyway. This topic isn't about erol.)

 

Your this post is about "the function of money" which is commerce/trade/economy/exchange/etc.
That's why you and everybody (me too, till some years ago) have been neglecting small moneys/coins and this is obvious especially in case of 1cent coin which has not been seen significant by anyone at all, not only in our time/era, but also, for more than twenty centuries... Of course, it is normal if you are focused/oriented on the target that is to buy/sell/trade/commerce/economy/etc, then, you too can say "erol is abnormal because he is talking about how one cent has a significant value" because it has not significant value in commerce/trade/economy/etc.

In this thread, I've not touched (or, tangentially touched only) on the commerce/economy aspects of the money. Such talks related to money&economy can be found on zillions of websites/forums/threads/posts on the net. Difference of this thread here from all others is in questioning the "money itself" rather than its function, i.e. commerce/trade/economy/etc. If the money is a tool being used in these areas, that tool must be learnt first before its function which is a blurry term.

I can simplify these (money&economy) with this abstract formula:

PRICE (unit is again "money") = FACTORS (economy/etc related, can also be called "function of money") x MONEY (itself.)

When the money is mentioned to people they immediately think about the Price rather than the Money itself as expected, as their life is more directly related to the Price rather than the Money itself. Since the unit of "Price" too is the money they see the money as the price only. And, to make the Price lower/higher (depending on when buying/selling), they play with the "Factors" or , they work on the "Factors". They never think, they've never thought about the "Money itself" on the right side of that equation above. But, the money itself is just a tool and that tool must be learnt first before it is used anywhere for anything.

This is what is being done here in this thread, learning the tool, the money itself, first...
Using the money tool without knowing it well enough can be resembled to using the "control pen" (voltage tester) in an electrical work without knowing significance of the electric control pen. (yes, I'm trying to give examples/analogies more related to the work safety, because, before education, there is work safety issue first that's more about the tool itself and its integrity like the money itself and its integrity.)

There are also many things in the commerce/trade/etc to be questioned. For example, how much is the price of a horse cart? Lets say $1000. I don't use 1cent in the trade anyway, but, I don't pay even a 5cent for a horse cart. Those people who pay $1000 for it are unaware of what they are doing. They are not only giving damages to their own healths, but also, to the healths of others around the horse carts and they are unaware of these... So, that way or many other such ways of use of the money are not worth of any positive value, moreover, has negative values. Here, I'm not blaming/accusing horse carters like animallovers do. Those horse carters are doing it because not only they themselves are not aware of such things, but also, professors/presidents/etc are not aware of, either. Of course, such things too will be questioned, later, but, first, we need to learn the tool itself, i.e. the money itself, first. And, the basic, the simplest form of the money itself is the coin and here we are for this in this thread.

 

As an example (to the money&economy), lets take this coin in the picture:
(taken from here: https://www.cointalk.com/threads/my-first-ancient-gold-a-byzantine-one.271059/ )



What do we see in this coin about 2400 years old?

A god/king, Apollo. A king name, Philip. A horse cart and a carter.
Political things. Are these kings legends? Maybe so for other things they had done. But, with that horse cart on the coin they are not legends at all. When they are called legends those horse carts at the Central Parks also will always exist... Then, when you get ill/diseased/disabled you should not complain about the horse carters...

What else?
It is made of gold. It has an engineering value which is wasted by using it in the coin. For example, that gold could be used in electric transmission so that its efficiency of electrical equipments such as medical equipments which require high accuracy could be much better. Ok, those old days, 2400 years ago, they were not knowing such high techs of today, but, even today, how the gold is being used is not much different than that in 2400 years old, a wasted value.

What else?
Nothing more. There is no numeral/etc on this coin, and that tells nothing about the money itself, but, political/etc things and maybe a little about its "function" indirectly that is about the commerce/etc that is worthless when you see the horse cart in the commerce. Still, even today, most of coins (even with small numerals) with more political/etc figures on them shadowing the numerals are not much different than this ancient coin.

A kid who started/starts to learn what the money was/is in old days/today can not learn anything about what the money itself was/is from these coins... They have no scientific value... Not talking rocket science here. Talking basic science, basic of the money... that should be learnt first by a 7 years old kid... hopefully, it happens in the future.

 

Coin & Work...

Two decades ago, when we were doing some import&export works about some industrial items, there was an American, from TN, who was frequently saying this, "the money doesn't grow on the tree"...

Where does the coin grow?

Its story starts with the 'things' in/on/under the ground, under our feet. Those 'things' are worthless things, dust-like materials, when they are raw materials in/on/under the ground. They are raw materials, cupper/etc dusts mixed with sand dusts etc. "Work" is added, they are removed, sieved, washed, cleaned, etc. Then, "work" is added, they are transported to the metal furnaces. Then, there, "work" is added, they are melted, poured into the moulds/ingots/bullions/etc. Then, "work" is added, they are drawn into the sheet metals. Then, "work" is added, it goes into the mint, and there, "work" is added, those sheet metals are cut/punched/etc into the pieces. Also there, "work" is added, design/art/etc are made. Then, "work is added", the cut/punched sheet metal forged into the final form of a coin. Then, "work" is added, the coin is loaded on a truck and delivered to a distributor. Then, "work" is added, it is delivered to local store. Then, "work" is added, the coin goes into the pocket as the final station... This is for a penny coin.

So, in this big loop process, what did I put in my pocket?
Did I put some dusts in/on/under the ground I walk on into my pocket?
Did I put, say, mr Lincoln into my pocket?
Did I put some symbols/figures/etc into my pocket?
Did I put a round shaped metal?
Etc.?
No.
I put the "work" into my pocket... The work, the effort, the labor, is in every stage of the coin, directly or indirectly...

Then, one may ask: What is the thing that is still "incomplete" after all these works/efforts?

Lets take "P" coin, that's, 2017 Penny with "P" mint mark, minted in 'P'hiladelphia, as an example. (Actually, it doesn't matter whether it is "P" coin or "D" coin or "W" coin or whatever coin as there is the same thing, "work", in all other mints as well. However, I'll read "P" here as a small "Punch", that reminds everybody of that there is "work/effort" in the coin.) But, if there is no "P" coin in his pocket of an employee working at the Philadelphia mint, then, it is "Punching" himself too as the "work" is still "incomplete", therefore, he too is too lazy, in completing the coin work... (however, it is not only his fault of mint employee, fault of everybody from the top to the bottom hierarchy, of everybody working in the coin process directly or indirectly by trying to gain the money also.)

By the way, this too should be said here. In some places in the World, there is deficiency of penny coins, they are not minted for decades. And, in some places such as US, Germany, etc, there are excessive penny coins, they are flooding. However, there is no difference in "completeness". In the both cases, "work" is still "incomplete"... People do not have penny coin in their pockets... This is due to the wrong view of people about the penny coin, due to the wrong generalization. Penny coin does not resemble to all other coins/notes such as the nickel (5cent), the dime (10cent), $1, $20 , etc. Penny coin should not (have) be(en) circulated, should be kept in the pocket only. Penny coin is not a pocket change, it is constant, should be kept in the pocket constantly. That's it. This too is a work and when this is done the work is complete...

 

I assume/guess that big majority of coin collectors here are neither kings nor privileged classes etc., but, just ordinary people, the public who have invested some hopes in collecting coins, to benefit from them. But, its "fruitful" days of coin collecting has passed or been passing. Still, collectors can do a work... that can be more valuable than coin collecting...
For example. Sharing P penny coins... with collectors and non-collectors... one by one...
Giving/taking a penny coin for free is not so easy...

 

Who you calling "ordinary"?

 

Extraordinary people are "great" people who don't have a one cent coin in their pockets, yet, they act as kings.

 

How many coins are you carrying in your pocket?

"Most probably 10 coins, average 14 coins" (stationary distribution - in France, but, the stiuation is similar to the other countries as well, they claim.)


Ref: https://www.researchgate.net/publication/229399913_How_many_coins_are_you_carrying_in_your_pocket

Some parts in the article:

"... Although a vast body of literature has been devoted to finding an optimal monetary system [2–5] and to analyzing price variation [6,7], much less attention has been paid to studying the way people behave within a particular monetary context ..."

"... The lack of interest in which concerns with coins may be due to the fact that the amount of money circulating in coins can be neglected if compared with that in banknotes and has, therefore, little influence in macroeconomics ..." ...

So, lets leave a note to the history here... They say these:
1) much less study on the coins... 2) the coin (mIcroeconomics) is negligible when comparing with the notes (mAcroeconomics)...

Ps: Two of those authors of this scientific article are applied mathematicans and two of them are social scientists. Do you think that they have a cent coin in their pockets? I don't.

 

Coin & Economy

I don't know what's been happening in coin collecting market in last decade. I searched on the net, there is no data about that. I can only guess. Since this coin collecting field too is related to their economies of people there must have been ups and downs in the coin market also following the economy. In the long term, according to what was told here on CT, the coin collecting market has started from zero in late BC and in early AD, rised slowly till 19th century, and then, peaked at 20th century. Now, what's happening in this 21st century? If it has already reached a peak point (like peak point of "bell curve" like "hill") in late 20th century, i.e. pre-2000, then, we can predict there will be some slow fall in the coin market, also following the sudden falls like it happened in the economy in 2008. So, then, lets have a look at what has happened in the economy in last decade. This is the graph showing the stock market between 2000-2010:



As seen in this chart, there were small ups/downs early 2008, and by the end of 2008 and early 2009, there was a sharp fall. What have caused these? "Small" things, as also seen in small fluctuations in that curve. Those small fluctuations look chaotic, hence, difficult to analyse them. However, Mandelbrot (famous for fractals in chaos) made an attempt to analyse just after the 2008 crisis, in Sept. 15, 2008 (Ref: "Multifractals explain Wall Street crisis" https://www.scientificamerican.com/article/multifractals-explain-wall-street/ ) and he illustrated the price oscillations in this diagram, by fractals, by self-similar ups-downs:



This means that the "small" things repeating themselves in "microeconomy" in the long period have resulted in a shock fall in "macroeconomy" after a period. So, we can also say the "bigs" are results while the "smalls" are causes? No, not exactly really so. They interact with each others. But, the problem here is in "neglecting" the "smalls" that have been done... What has been being missed is that: people have not been seeing the importance of the "smalls.) So, the coin of the microeconomy can be a driving "balance" force for the macroeconomy if it is viewed/handled properly. However, the coin should not be viewed/handled like it has been viewed/handled before. How it has been handled by economists hasn't been fitting the coin, particularly, one cent coin which they neglect/ignore that should (have) not be(en) done.

 

Coin & Health/Environement...

"... Want to Help the Environment? Get Rid of Stupid Pennies..."
says Josh Bloom, Dr in the organic chemistry and the director of Chemical and Pharmaceutical Science at ASCH, in his interesting article published a year ago on their website, https://www.acsh.org/news/2016/06/17/want-to-help-the-environment-get-rid-of-stupid-pennies .

He lists all disadvantages; wasted material and energy, pollution, etc.
And, he adds this at the bottom of the list: "...Some of this math may be correct..."

Yes, all of them are correct, and incomplete list, there are many more disadvantages which are not listed there.
However, the coin math has been incorrect and is still incorrect and the work is still incomplete.

 

Coin & Work Safety at Health

(I had posted this picture in another thread, but, it is better to re-post it here as this is more relevant here)



What is this picture about? Today, I went to a dentist clinic for a tooth operation.
BEFORE they (dentist doctor, his assistant and technician) started their work in my mouth, each of them got a one coin and put them into their pockets. I claim, those coins in their pockets were so helpful that the one coin became priceless and the price I paid (around $40) AFTER their work was paid happily, and, they too were happy. How did it become priceless?
(This dentist case is just another example on how the one coin can be priceless.)

 

Are you sure that the dentist and the assistant didn't just take the coin to be nice, then look at each other with the "why did this psychopath just hand us a coin" look? Maybe the had the "use the stronger sedative, this one clearly need it" look on their faces instead?

 

Probable. Possible. They might also have thought such things, I don't know. Thoughts are a thing, words are a thing. They have not said anything such as physchopath/crazy/mad/etc (and, I advice you too not to use such words when it is about the one coin. I can be thoughtful when such words are said to me as I'm experienced enough in such things, but, there are people, many people, who have not thought even a little about the one coin and their sudden reactions can be hurtful. Such words/labels like physchopath/etc do not stay/stuck at Erol, such words go to somewhere elses also if you think more about the one coin. For ex, if giving a coin to someones is a physchopath behaviour as you said, then, governmental authorities too are physchopats, aren't they? If not, your such word about Erol is a biased opinion of yours and you are lucky that you said it to Erol who is already aware of contradictions in words of people in different threads also.)

Again. Yes, they might have thought such mental things about me. However, it was not a psychiatry clinic, it was a dentistry clinic. Of course, like everybody, they too are probably "experts" when it comes to mental issues, but, legally they are not authorities in mental issues, even judges are not authorities in mental issues. There are experts in that field, called psychologs/psychiatrists. I can also give an example or two about them, on how they got the coin, but, unnecessary to give some more health example here now. Lets back to the dentist case.

When I entered the clinic there was another patient in the waiting room. Dentist told me to do my tooth work first as mine was easier than that of other patient, he said. But, I realized that the dentist was a little hurrying/rushing and he was a little stressfull like any person working hard in daily life, also to be able to make more money so that he could compensate his living costs. So, there was a work safety problem probability that could give a damage to my health and to him as well. When the one coin was given to him there was a small smile on his face, whatever he thought was secondary to his that little relax, that also started to help during my tooth operation, that was clean and fine. At first moment, he might have felt a little shock when the coin was given and as you said, they might have thought such mental things about my that behaviour, but, it is in the past now, it is without any health/work problem now, and the coin is in his pocket now which may make him think more at his home in the evening and that may make him learn something more about the one coin and may also educate his kid better. It was not Erol who was useful to him, it is the one coin that was/is useful to him. Erol will be forgotten by him also anyway, but, the one coin will always be there, in his pocket.