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  #1  
Old 09/17/08, 09:34 PM
 
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Burying money question

Anyone keep a few dollars buried around the place? How do you do it and does it keep? My wife buried ten dollars a year ago as an experiment and dug it up today. She put it in a glass jar with a metal lid, wrapped that in tin foil, and place that inside a heavy zip lock bag. She even put one of those little packets that come with shoes to absorb any moisture in the jar. The money was okay, but it did have some mold spots on it and smelled moldy.

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Old 09/17/08, 10:19 PM
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I took a few minutes and did a search to find out how much value that $10 lost.


It's down 34.4% in buying power from when she put it in the jar.

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Old 09/17/08, 10:28 PM
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i have been thinking of burying some money and doing it in the jar. but i was going to dig a hole with post hole diggers and get a piece of pvc and cap the bottom off and put the pipe in the hole and slide jar in and cap it off and cover with dirt. my luck is i will forget where i put it and like always if i write it down on paper i usually loose that.

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Old 09/17/08, 10:33 PM
 
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DH had an uncle that buried money on the farm years and years ago. Most of it deteriorated to illegible crumbles. Thankfully, I don't think there was much money to start with!

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  #5  
Old 09/17/08, 10:59 PM
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I only bury silver not paper. I spend paper as fast as I get it. I figure I better spend it now while it's still worth a few cents than save it until it's worth nothing.

Find you a good hidey hole and put other things there for a while. If you can find the worthless stuff later, then you'll be able to remember that same place when you have valuables in it. If you're going to put important papers in the hidey hole, first vacuum seal them, then put in a small plastic jar that fits inside a large glass jar. Put the whole thing inside a pvc pipe, add a few pieces of charcoal and glue the ends closed. Bury it and forget about it until you NEED to dig it up.

Remember, once it goes into the hidey hole, it don't come out for anything that isn't life or death. (you should have other funds that are easier to gain access to for non-life & death uses) You don't dig it up to buy something you WANT, you don't dig it up cause the kids need a loan, you don't dig it up unless you have absolutely NO OTHER OPTION. I can't tell you how many times I was tempted to dig up my stash cash to repair my car when it was broke down, or to pay for bills that I thought I couldn't pay any other way. Now I'm so VERY glad that I resisted the temptation. My stash is still safe and somehow I always found a way to get things taken care of.

Oh, and don't forget to leave someone the knowledge of where it is in case you check out fast without having time to tell anyone. There's hundreds of thousands of dollars hid somewhere on my neighbors property. The old man who lived there was rich, he didn't trust banks so kept his money home. People used to go to him to get loans to buy cars, houses, etc. He'd put them in a room with no windows, and go outside for about 15 minutes, then come back with the cash. When he passed on, nobody ever found his money. They tore the house apart board by board, then the barn, then they dug up the land, but he had over 100 acres. He either hid it REAL well, or somebody found it and kept their mouth shut. Don't let that happen to you and yours.

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  #6  
Old 09/17/08, 10:59 PM
 
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Quote:
Originally Posted by Rose View Post
I took a few minutes and did a search to find out how much value that $10 lost.


It's down 34.4% in buying power from when she put it in the jar.
Not this particular $10.00. Jeans were $9.99 at Rural King a year ago and they still are.
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  #7  
Old 09/17/08, 11:20 PM
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you might consider that had you buried cash ten years ago it might well be worthless today as the print on the bills keeps changing .
one reason they dont mention is that in other countries when the bill design changes you have a set amount of time to replace your old bills with new or they become worthless .
Of course the way the economy is going it wont be long until the US dollar has the same value as a confederate dollar .

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  #8  
Old 09/17/08, 11:41 PM
 
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I don't think I'd ever go to that much trouble. Money isn't worth the paper it's printed on. It's only worth something if it's working for you or helping others.

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  #9  
Old 09/17/08, 11:50 PM
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I don't think that one has to worry about any currency being worthless. Anything since 1929 has been in the present size and legal tender. The dollar bill is still based on the Series 1938. Nothing over $100 has been printed since 1945 but is still legal tender. That includes $10,000 notes. I saw 100 of them in 1957. Just now I have found out that there are only about 300 of them in existance!

Martin

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  #10  
Old 09/18/08, 12:02 AM
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I have a buddy that cuts a hole in his wall at home, here and there, places cash wrapped in tin foil re-muds and paints over it, never can tell. He does it when DW and kids are away for a few days. Hope he never burns down!

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  #11  
Old 09/18/08, 12:12 AM
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i usually wait until i accumulate an extra million dollars or so before i bury my cash. usually the 4 inch stack of $1000 bills get bagged in a ziploc bag, stuffed in 6 inch pvc pipe filled with molten bee's wax. i then cap the pipe and bury it below the frost line.

the ladies have been busy this week, so it looks like i better start melting more wax.

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  #12  
Old 09/18/08, 12:52 AM
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There is a possiblity that my grandfather had buried money on his property, probably lost forever.

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  #13  
Old 09/18/08, 01:29 AM
 
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Quote:
Originally Posted by PyroDon View Post
Of course the way the economy is going it wont be long until the US dollar has the same value as a confederate dollar .
I wouln't say the confederate dollar is worthless.http://cgi.ebay.com/1864-Confederate...d=p3286.c0.m14 .I wish every 10 dollar bill I had was worth over $20 dollars.I know my aunt had a ceder chest that was full of confederate money in her old house when she died.Now it wasn't in "mint condidtion",but considering it's age when I seen it in the 70's,it wasn't too bad.And as far as I know,it had been in that ceder chest in an upstairs bedroom for many,many years. ETA:But we do agree that it won't be long until the US dollar isn't worth anything.
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  #14  
Old 09/18/08, 01:40 AM
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My Daddy buried jars of coins around his farm. He collected coins and didn't want them to be stolen. Now he's passed away and we have no idea where he buried his coin collection!

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  #15  
Old 09/18/08, 02:00 AM
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Bullion instead of paper is better since it is mold, mouse, moisture and devaluation proof. It's a bit late to buy gold and silver now, but if you have any of that it is worth hiding.

Remember mice like to chew paper if they can get it.

I was talking to my dad earlier this year about the great depression. Apparently, his uncle was wise enough to take all their family's money out of the bank before it went down so they had enough to buy a small store. That store kept their extended family as well as many of the townsfolks fed and afloat during the depression.

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  #16  
Old 09/18/08, 02:24 AM
 
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Quote:
http://news.bbc.co.uk/2/hi/south_asia/7334033.stm

Termites feast on trader's money

A trader in the Indian state of Bihar has lost his life savings after termites infesting his bank's safe deposit boxes ate them up.
one of the many reasons that paper/fiat currencies come and go, and gold/silver maintain their value over long periods of time.

--sgl
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  #17  
Old 09/18/08, 02:30 AM
 
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If I was going to bury something it would be silver or gold or some other precious commodity. Paper doesn't keep well in such conditions inflation and intrinsic value not withstanding.

Something to consider when caching items is that they tend to get more difficult to recover as time goes by. Roots grow over and around them and the soil compacts. Geography and such changes. Not to mention the fact that you grow older. I buried some stuff when I was in my late teens and when I retrieved it in my early 30s and it was far, far, far more work than when I buried it. It's easier to dig around, climb in and out of holes and drag heavy bundles out of deep narrow holes when you're younger. Also your burial containers are much more difficult to get open than they were to seal up. And you MUST be very diligent in choosing a container, preparing the contents and interior for burial and sealing everything up against the elements. Moisture and corrosion are absolutely relentless especially underground.

Also remember that you have to be extremely discrete when you bury it and you must be extremely thorough when you finish the job. It must look as if nothing was ever disturbed. you blow either one of those and your cache isn't going to be there when you go to retrieve it.

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  #18  
Old 09/18/08, 08:53 AM
 
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What's wrong with a fire proof safe bolted to the wall in an inconspicuous area?

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  #19  
Old 09/18/08, 09:16 AM
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Quote:
Originally Posted by Spinner View Post
There's hundreds of thousands of dollars hid somewhere on my neighbors property. The old man who lived there was rich, he didn't trust banks so kept his money home. People used to go to him to get loans to buy cars, houses, etc. He'd put them in a room with no windows, and go outside for about 15 minutes, then come back with the cash. When he passed on, nobody ever found his money. They tore the house apart board by board, then the barn, then they dug up the land, but he had over 100 acres. He either hid it REAL well, or somebody found it and kept their mouth shut. Don't let that happen to you and yours.
That money is long gone. It's common knowledge how he operated (person in windowless room, 15 minute wait). Someone went to borrow the money and left someone else on watch. Old man goes to get money and the second person sees where it is. Old man dies, the money is dug up right away. I'll bet it was gone before the funeral.

Jennifer
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  #20  
Old 09/18/08, 11:37 AM
 
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Poppy, you can bury your money in my back yard and I'll keep a close eye on it for you. Wont even charge you anything for storage.
Ain't I nice????

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