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2013 Has Finally Arrived

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Pillar of the Community
United Kingdom
837 Posts
 Posted 05/03/2014  12:56 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply

Quote:
I put together a complete collection of 1 penny coins dating back to 1971.


Thats awesome !



Quote:
All I'm missing is the 1972 version which was released in proof only. I could buy it from ebay but I ain't paying £8 they're charging


Regarding a 1972 penny , I have thought about this issue countless times & I firmly believe there must be one or two that "accidentally" entered into circulation , given the number of proof sets minted that year ......£8 is very steep even for a proof penny, have you considered searching through a tonne of penny bank bags ?

I found it interesting that the number of pennies and 2 pence`s minted by The Royal Mint over the past two years has sharply declined in relative terms , I suspect people are emptying out their change jars and a lot of old coins are coming back into circulation so theoretically a 1972 penny that may have been stuck in some unwitting persons change jar could turn up somewhere soon enough .....
Edited by DaytR
05/03/2014 1:31 pm
Pillar of the Community
Demarco Bishopp's Avatar
United Kingdom
548 Posts
 Posted 05/03/2014  2:15 pm  Show Profile   Bookmark this reply Add Demarco Bishopp to your friends list Get a Link to this Reply
Even if every single proof penny from 1972 was still in circulation, the chances of finding one would be tiny. The Royal Mint probably released around 100,000 proof sets, and there about 11 billion pennies in circulation.

That means odds of around 1/100,000 of finding one in your change.
Pillar of the Community
United Kingdom
837 Posts
 Posted 05/04/2014  2:00 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply
Interesting math on the odds , yeah it really is along shot finding one ...

I am curious about something , when you were putting together your penny collection did you encounter any Isle of Man or Jersey pennies ?
Valued Member
United Kingdom
183 Posts
 Posted 05/04/2014  3:21 pm  Show Profile   Bookmark this reply Add HawkHybrid to your friends list Get a Link to this Reply
the odds are much smaller cos people don't usually
circulate proofs.

HH
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