I got hooked on looking for these a few years ago when a fellow collector (Joe Garbinini) shared his set of mercuries that he had accumulated over the years. Yes, a complete set of Mercs like the following. Notice the ring in the center of the coin, yea I know, its an 1896S, what a shame. This ring was caused by a little silver bank people used to use to save up a roll of dimes. The top coin when compressed would get the special ring. What does this bank look like? Well, I have also purchased one of them for my little off the wall collection and thought I would share that with you as well. Notice the little knob on the top? its a little screw that keeps the dimes in the bank so they don't fall out. Watch at flea markets for these.. I paid a buck for mine. : ) Can you imagine what the odds are of completing a full set of dimes that had been the top dime in one of these banks? WOW
Thanks for sharing! I've seen plenty of those Barbers (may even still have some of them) and wondered what would cause that kind of damage.
[quote: I got hooked on looking for these a few years ago when a fellow collector (Joe Garbinini) shared his set of mercuries that he had accumulated over the years. Yes, a complete set of Mercs like the following. http://i216.photobucket.com/albums/c...s/1896sobv.jpg Notice the ring in the center of the coin, yea I know, its an 1896S, what a shame. This ring was caused by a little silver bank people used to use to save up a roll of dimes. The top coin when compressed would get the special ring. What does this bank look like? Well, I have also purchased one of them for my little off the wall collection and thought I would share that with you as well. Notice the little knob on the top? its a little screw that keeps the dimes in the bank so they don't fall out. Watch at flea markets for these.. I paid a buck for mine. : ) http://i216.photobucket.com/albums/c...mes/6f92_1.jpg Can you imagine what the odds are of completing a full set of dimes that had been the top dime in one of these banks? WOW end quote) Thanks for enlightening us... Clinker
I'm not questioning that, but I'm trying to measure the validity of the information. I have no reason not to believe it but its an Urban legend until I see some annotation from the time period it is interesting... Ruben
Jim If you ever see another one for sale, at a reasonable price, please let me know. I really want one of those banks. Frank
Interesting facts Jim, I don't know what Rubin is talking about as you have the bank which can be compared to the mark? I don't need an annotation at this point to tell me this is how the mark was made. Next time I am at a flee market I will have to keep an eye out for one. Thanks for sharing this little tibit of information! Best Regards ~ Darryl
How many of those banks existed? Who made them? When were they used, what dates? There are a lot of questions about it. Have you ever done research. This is interesting but undocumented evidence. really... nobody is knocking the post, just asking for more information other than, Hey I heard this from a friend.. Ruben
I haven't a clue how many of these banks were made and by whom because I really don't care. I do know they were used in the 50's and as far as documentation, yes I have taken a silver Roosevelt and loaded the bank to test the "theory" as your calling it, it does not score the clad dimes as I guess they are harder perhaps. Guess this teaches me a lesson about posting something of interest (at least to a few) in Cointalk.
I always look for them at flea markets and have to find another. once in a while I see them on ebay but they usually go for more than I am willing to pay. ~15-20 bucks. Should I find another it will have your name on it my friend.
I've seen those banks before, I always thought they were a bit earlier than the 50s tho, I had assumed 30s. Didn't know about the mark in the coin, thanks for posting the info!
Or you could just take the inquire for more background as the reasonable question it is. If you want to be crabie, then your right. its not worth posting. I'd repeat that this was interesting again, but I doubt your have heard that any better than the first 2 times I said it. Ruben
Ruben let me give you a little background about Joe Garbarini. First of all he was a dear friend of mine, he's gone now. But Joe was truly one of a kind, salt of the earth, and never has there been a more generous or caring man. In my opinion, the man would qualify for sainthood. All that aside, Joe was a banker most of his life. Eventually he became one of the big wigs at the Federal Reserve. But there was thing about Joe, if he told you something was so - it was true. There were no ifs, there were no maybes - you could literally take it to the bank. And I can remember when he told me about those dime banks many years ago. No I had never seen one, they existed long before I was born. But I didn't need to question anything because it came from Joe. That was good enough. So what more proof do you need that they exist than a picture of one ?
I have never seen one of those banks before...that's really cool. Too bad it's a 1896-S though, but it makes a interesting set to have both the coin and the bank.
I think I have a couple Mercs with the circle on them. I have heard of this bank also, it was mentioned in a previous thread here also.
Joe Garbarini Background of the source was good. I'm not going to get anywhere with this. It's become emotional and all I was asking was a normal research route for investigating further this matter, and to learn more. There was no desire to soil anyone reputation, living or deceased. The memory and legacy of Joe Garbarini is worthy telling outside this subject. But if I had been aware that the real topic of this thread was the remembrance of a beloved figure in the community and his oral history rather than the a hypothesis of historical damage to coins and a probable explanation, then I'd had never asked the question as to what other data was available to substantiate the oral history. My apologies to all. I let my academic investigative training infringe on a matter of the heart in a venue that was inappropriate for it. So maybe folks can tell me more about Joe Garbarini and some of his legendary attributes and stores if his life. Ruben
I think it was more that you didn't really explain what you wanted to know. Based on your previous posts it sounded like you doubted the very existence of the banks themselves - at least to me. As to what caused the damage to the coins, it was the screw down top. As you screwed the top down and it eventually reached the coin at the top of the stack, the top rubbed against the coin and created those small circles on the coins. It's just that simple. If you had one of the banks in hand you could easily see it for yourself. Now if you want some sort of written evidence to substantiate that, good luck ever finding it.
Very cool Jim. I'm always interested in learning what avenues others choose in pursuit of their hobby.