1886 - Many Silver Dollars

It is said that in the small town of Bristol, Rhode Island, for several years before the war a young man named Cole was in the habit of throwing every silver dollar that came into his possession into a cistern at the side of his house. After coin get scarce and at a high premium he took the silver out and found that he had accumulated over $5,000 which he was able to sell at a a large premium. We would not recommend that others do likewise, for a cistern is not the safest place for making deposits; but we would recommend that a good savings bank - or dollar bank for instance - be substituted.