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 Replies: 25 / Views: 4,733 |
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New Member
 United States
8 Posts |
Lots of very good data to work off of. Again, I am thinking that she will be able to develop a good program based on this information.
I have emailed the US Mint, but haven't heard anything from them yet.
Does anyone know of any other resources that might be available?
Thanks again for all of the input. Some of the statistics of the volume of coins some of you have searched through is impressive.
Creighton
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Pillar of the Community
United States
1228 Posts |
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New Member
United States
8 Posts |
We are still making progress on this project.
We found a publication (dated September 2014) from the government that states there are $45,482,371,065 in coins currently "outstanding and in circulation". $38,989,632,955 of that are "fractional coins" and the rest are dollar coins.
This will help put an upper limit on the amount of coins she is going to use in the program.
Again, thanks for all of the input. If you have any other input of ideas, please let me know.
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Pillar of the Community
United States
2077 Posts |
6.5 billion dollar coins "outstanding and in circulation"? Where are they out standing, on the inside of a fed vault?
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Moderator
 United States
23522 Posts |
Off the top of my head - and a quick look at mintage figures from the CCF database - I don't think the US has minted 6.5 billion Dollars in its' entire history.
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New Member
United States
28 Posts |
Another option for this instead of looking for published figures would be a more statistical approach (which I gather is part of the project in-and-of itself). For example, when taking a poll, instead of polling each and every person, you take a statistically relevant sample population. For something like coins, the population of each type of coin ( Lincoln Memorial cent for example had a total of ~427 billion circulation coins minted between 1959 and 2008) is large enough that one would only need to sample less than 1000 coins in hand to determine a distribution of current coins in circulation with 99% confidence it represents the current population. Using information about which coins are hoarded or collected more often can further reduce that information. 1000 coins may be daunting for a 6th grader, but if you take a look at the Coin Roll Hunting forum on here, you'll see that some people have gone to great lengths to find certain coins and meticulously detailing what they find. Edited by ddannemiller
10/31/2014 10:53 am
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New Member
United States
8 Posts |
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New Member
United States
28 Posts |
SsuperDdave, Using the data from the database, I've summed up the total number of circulation strikes for Lincoln Memorial Cents (to 2008), Jefferson nickels (to 2009), Roosevelt dimes (to 2014), and Washington quarters (to 2009) and found about $35 billion worth. That numbers presented in that document seem reasonable. |
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Moderator
United States
23522 Posts |
Click the "US Coin Facts" link on the left page column. We have all the mintage figures. Count 'em yourself.  |
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Valued Member
Canada
56 Posts |
Wow this seems like it would be a really fun project!
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Replies: 25 / Views: 4,733 |
First Page
Posted 10/08/2014 3:42 pm
