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 Replies: 8 / Views: 1,261 |
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Valued Member
United States
163 Posts |
Out of curiosity, is there any way of knowing how many of the original number issued are still around?
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Pillar of the Community
Canada
627 Posts |
 of what? |
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Pillar of the Community
Canada
1554 Posts |
 Good Morning! The rule of thumb is that the residual (survival) rate of that coin would be around 1-2%. So with that in mind it should give you an indication of what's left. Then if you must go further, the higher the grade the sharper the decline in ratio to the mintage. For example, a mintage of 100K will have fewer high end examples known than a coin with a mintage of 1 million. There are a few exceptions: ie:Canada, 1875 quarter, however, those exceptions are few and far inbetween! cheers.....................Glenn  Edited by glenzy1
07/25/2011 06:07 am
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Pillar of the Community
Canada
610 Posts |
This is very interesting.I have wondered about it myself.Especially if your are trying to find coins from the wild,roll searching,etc.Here are 2 random examples:
1-1953 nickel mintage=16,653,552(How many are actually left to find)There is no way of telling IMHO
2-1950 half dollar mintage=2,384,179(After the recall for melt down + those that are in the hands of collector,hoarders(since no halves are circulated anymore)etc. how many are actually left. No way of telling.
It would be very interesting to get a GUESSTIMATE Of what coins are available.
NOT A PROJECT FOR ME THOUGH!
But in answer to the original question NO, NO WAY OF TELLING
We don't know what collector has what coins in their collection. Example: Only 1 known-Only 11 known-etc.
Some collector(s) could have the other known(s)and is not saying a word.Don't you agree?
Edited by collectall
07/25/2011 2:39 pm
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Pillar of the Community
Canada
610 Posts |
My last post may of been too confusing.(Too much rambling)So I'll try again.
Coins that should be no longer in circulation.
Melted down or in the hands of others(who are not saying)
How many are there? Impossible to tell!
Does this make more sense?
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Valued Member
 United States
163 Posts |
Interesting, thank you...
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Pillar of the Community
Canada
650 Posts |
Glenz has a reasonable formula, I am a numbers guy and the attrition has to be large otherwise why would you produce millions of coins every year. The population growth does not warrant the output.Consider a growth of 10% in Canada that is app. 3 million people and if they all have 100 coins thats 300 million.In really rough numbers I think they produce 1 billion, all denominations. Where did the rest go ?
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Pillar of the Community
Canada
1554 Posts |
 When you start looking at the paltry mintages of Victorian/Edwardian and the King George V series of coins, you have to wonder how any ever survived in Mintstate? Not only that, they survived two World Wars, a Great Depression, many Recessions, made out of soft silver, circulated in a time when a nickel and dime actually could buy something! Also, I believe the Population reports of major Third Party Grading companies to be highly exagerated. I know for a fact hundreds of Collectors and Dealers regularly re-submit coins to the same grading service or other grading service in hopes of obtaining higher grades. Just think of a coin that's 120 years old and has been re-submitted by 10 different people over a 25 year period to two T.P.G. companies. How would that effect the trend value of that particular date of coin? Are we just shooting ourselves in the foot for a few extra dollar$? Glenn  |
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Pillar of the Community
Canada
576 Posts |
I've taken many coins out of ICCS or CCCS folders myself. I sell at auctions frequently. Why would I submit a graded coin of AU-55 to auction that to the naked eye has a pleasing MS-63 written all over it? And I'm one of those guys who will strip a coin from a folder and resubmit it to a grading agency. I've only dealt with ICCS and I tip my hat to them for not changing the grade on any coin I've resubmitted.
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Replies: 8 / Views: 1,261 |
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Posted 07/25/2011 06:05 am
