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JENNIFER JACKSON'S PORT TOWNSEND NEIGHBOR COLUMN: Coin collecting 'interesting ...

WHEN IS A coin not a coin?

That is not a trick question for Peter Mercer, a Port Ludlow collector who has coins that can tell time, keep him from getting lost or get him out of a tight spot.

“These are just some of the interesting ones,” he said. “You wouldn't think coins would be fun, but they are.”

Mercer is talking about the Liberian compass and sundial coin set, the Chinese knife coin and other legal currency from his collection that is on display at the Port Ludlow Bay Club.

The purpose: to pique interest in an antiques appraisal “road show”
June 25 being put on by the Community Enrichment Alliance.

A benefit for scholarships for Chimacum High School students, it features half a dozen appraisers, of which Mercer is one.

Know what you have

Mercer's No. 1 rule of coin collecting: Know what you have.

“It is people's responsibility to know what they are handing down to their children and grandchildren,” he said. “You want to write down what it is, where it came from and what you paid for it.”

Mercer has lots of coins in his collection that illustrate that rule. One is a tiny gold coin he bought at garage sale in Port Angeles.

Made in 950 A.D., the Byzantine coin was minted to pay the church, he said, which required payment in gold coins. So smaller and smaller ones were coined.

“This became the smallest gold coin,” he said, holding up the tiny button.

Then there are the small silver pieces — squares, pyramids and spheres — that he bought at a garage sale in Port Townsend for a few dollars. The seller thought they were toys. The pieces turned out be a limited-edition set of Somali coins worth $450.

Limited-edition set

“There are only 500 sets in the world,” Mercer said.

He also discovered two treasures in a box of coins he bought for a few dollars at a garage sale in Kitsap County. In the box were two coins that looked foreign.

Going through his reference books, he discovered they were 18th-century pennies from Massachusetts.

“It's fun to do the research,” he said.

He also has a Chinese knife coin from 400 B.C. on display at the Bay Club.

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