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How Many Obsolete Coins Are Left?

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Pillar of the Community
sfwusc's Avatar
United States
615 Posts
 Posted 02/22/2009  10:43 pm  Show Profile   Bookmark this reply Add sfwusc to your friends list Get a Link to this Reply
IH are much more common in the later years than the earlier years.

-SWUSC
Pillar of the Community
Kabiye_Lady's Avatar
United States
581 Posts
 Posted 02/23/2009  05:33 am  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list Get a Link to this Reply
I guess something else to think about are mint and proof sets. Give or take, there's been 2-3 million minted each year for the past 30 years.

Some of these have been lost, buried and burned. But yet, they're all over the place - in fact, glut the place.

Now compare that to coins that have millions and millions of each year and mintmark made.

Sorry folks. We won't be running out of them anytime soon.
Bedrock of the Community
United States
20753 Posts
 Posted 02/24/2009  7:33 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
As I said this is a completely impossible to tell or even estimate quantities of any of our coins.
Recently on TV they showed a street somewhere where they covered it with billions and billions of cents. Can't remember what that was all about now.
However, stop and think of all the things that happen to coins.
They get put into coin collections. Probably 75% of collectors deny having coins at home due to safety purposes.
How many coins have been shipped overseas or just taken to Mexico, Canada, South America? What are they doing there?
How many coins are still sitting in boxes, bags, jars, cans in some farmers house?
How many coins are buried by someone to hide them and then lost?
How many coins are used for jewlery. Holed drilled, welded to tie tacks, ear rings, neclases, etc.
How many coins are melted down for the metal content.
How many are in wells where they were thrown there as if a wishing well?
How many are thrown in rivers, lakes, streams, Oceans. A previous US President started that one.
Ever place coins on a RR track?
Ever melted a coin in a chem class?
HOw many are in rolls in safe deposit boxes?
How many are in massive quantities in coin stores?
And just how many pennies are on the ground and no one except a kid will pick them up? Most people kick them.
When my Som was in Europe he told me he saw our coinage all over the place. Think those will come back or be counted somehow.
No, just way to many variables to even guesstamate an approximate possible amount.
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nod2003's Avatar
United States
3294 Posts
 Posted 02/25/2009  08:53 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
My guess is between 0 and 100% of the original mintage
Bedrock of the Community
United States
20753 Posts
 Posted 02/27/2009  12:17 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

My guess is between 0 and 100% of the original mintage


A very close estimate.
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nod2003's Avatar
United States
3294 Posts
 Posted 02/27/2009  08:59 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
Darn you are right, forgot to include the Chinese fakes.
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mycrob's Avatar
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2602 Posts
 Posted 03/02/2009  11:52 am  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
I realize there are many many variables and we will never really know the answer to this question. I was just pondering the *possibility* that one could use mathematical modeling to provide a guesstimate, sort of like The Cent Project gave a snap shot of the kinds of Lincoln cents left in circulation.
Edited by mycrob
07/13/2009 1:47 pm
Bedrock of the Community
United States
20753 Posts
 Posted 03/02/2009  7:01 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

I realize there are many many variables and we will never really know the answer to this question. I was just pondering the *possibility* that one could use mathematical modeling to provide a guesstimate, sort of like The Cent Project gave a snap shot of the kinds of Lincoln cents left in circulation.


Was just done for you.

Quote:
My guess is between 0 and 100% of the original mintage
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