This morning I rode past a hand-written sign saying “Lost your keys? Message me which Disney character is on the keyring and I’ll get em back to you.” They wanted to make sure the keys went back to their rightful owner, not just any sneak who called up and claimed them.
Which makes sense with wallets and jewellery and handsome tartan umbrellas, but if you don’t know what Disney character’s on the keys, how do you know which lock they fit?
I realised that you could stumble across the keys to the national mint, the Louvre, to every door in Berrimah jail, and they would be utterly worthless if you didn’t know what they were for. Keys are a treasure that depend on a very specific piece of information.
It was known in the early 1800s that people had unique fingerprints, and that these could be lifted from crime scenes, but it was only really useful if you already had a suspect. Otherwise, what – are you gonna compare the one from the crime scene to every single fingerprint you have on file, one by one, by hand and eye? It wasn’t until a system of categorisation was developed (by length, width, type and direction of whorl, etc) that fingerprints became look-uppable, and about a billion times more useful.
You see what I’m getting at. Context and connections are what makes something valuable.
Assuming that somehow having the keys to the mint also gave you the legal and moral right to take everything you found there, money only has value because people agree that it does (if it was from the mint, it would have sequential serial numbers, and it could be declared worthless. Then you’d have to see how many people you could convince it was still money before you got caught). Art is a bit more objectively valuable, because you have an emotional reaction to it that has intrinsic worth, but financially it’s bizarre. The Mona Lisa is valued at US$790 million but it’s also worth US$0 because you couldn’t sell it.
In conclusion, go for the handsome tartan umbrella every time.
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