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 Replies: 17 / Views: 3,638 |
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Pillar of the Community
United States
8517 Posts |
I seed my Lincoln roll hunting returns with old IHC's before I go to the bank. Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
 United States
5029 Posts |
Most definitely was not in ciculation that entire time. Regardless how it got back to circulation, it is a nice find  |
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Bedrock of the Community
 United States
12477 Posts |
 It may not necessarily have been in a "collection", but surely spent much of its life stashed in one place out of circulation until recently. In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
 United States
2208 Posts |
Wow--these are really terrific insights. Just wondering how everyone is pretty sure that it hadn't been in circulation the whole time? In addition to Spence's perceptive comment, why would that necessarily be unlikely?
Edited by jpsned
01/09/2018 09:35 am
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Rest in Peace
United States
18456 Posts |
Do you really think a coin can go undetected for 133 years . Virtually impossible . If the date was not clearly visible then a collector might have thrown it back into the wild .  |
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Pillar of the Community
United States
3473 Posts |
with T-Bop |
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Pillar of the Community
United States
2797 Posts |
I'm also with the majority here that the coin was recently added to circulation. For years I have "salted" a few common date Indians and many more wheaties back into circulation. T I do this to generate interest in the hobby. My hope is that some young potential numismatic will find one or two and the rest will be history.  |
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Pillar of the Community
United States
1695 Posts |
I'm wondering whether the term "in circulation" is too vague. I'm at work right now and there is a quarter in my office desk. Is it in circulation? Would all of those Sacagawea dollars sitting around in people's houses right now (e.g., in drawers, in jars) be considered "in circulation" or not? Perhaps "in circulation" means the total set of coins at a given moment that are in a bank, a purse, or cash register/machine. |
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Bedrock of the Community
United States
94367 Posts |
Agree for sure this has only recently been returned to the wild.
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Pillar of the Community
United States
8715 Posts |
An IHC can't go that long in circulation without being noticed. |
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Pillar of the Community
United States
4211 Posts |
I have been known to release IHC's, Buffalo's, Shield nickels, Mercury dimes and proof coins as well as a whole lot more into circulation just so someone can find something "neat". |
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Pillar of the Community
United States
4233 Posts |
"Likely" and "in circulation" are two rather nebulous elements in this discussion. I'll take a contrary opinion and say that it's more "likely" than a lot of people think, that this coin floated around not explicitly being in anyone's "collection" all this time. It is very very _unlikely_ that you will find one in your change any time soon, but that doesn't mean this particular one wasn't one of the few left out there. There are 300+ million people in this country and untold billions of cents knocking around. The majority of people see a round brown thing that's worth one cent.
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Bedrock of the Community
United States
12477 Posts |
Many people are trained by experience or by advice to look for Wheat cents.
How could all of those people simply ignore an entirely different looking coin?
130+ years in circulation? I don't buy it.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
4233 Posts |
It seems that any "evidence" we would have to go on is anecdotal. My anecdote is that every time I've seen something in change and mentioned it to the cashier who handed it to me, they had no idea what it was. The original question is how likely is it that it was deliberately "collected" and then deliberately re-circulated. I would guess maybe 1 out of 100 people would know enough to notice it. I'm saying that just because it is very unlikely to find one in circulation today does not mean that it is very unlikely that this particular coin was never in someone's collection. Really all we have to go on is that it was circulating when jpsned found it. ;)
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Pillar of the Community
United States
2208 Posts |
Thanks again, guys, for the insightful discussion. I do understand how sometimes coins end up in a collection and then are released. But I also know that when I see a Canadian cent in my change, I just ignore it. I'm not interested in foreign coins, to the point that I don't even take the time or energy to remove it from circulation. And that's coming from a coin collector! So I imagine it could be doubly true for all the non-coin collectors who have come across this coin in its travels--like kbbpil said, it's a small round brown thing that is worth a hundredth of a dollar and nobody cares.
To answer your question, aristarchus, I would not consider a coin sitting in your desk "in circulation," if you have no intent on spending it. To me, circulation means in someone's daily change that they intend on spending, or in a cash drawer in a store or bank. In other words, the coin is going to have a good chance of being picked up by another human being as their own. That's a good question, though--what exactly does "in circulation" mean?
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Posted 01/08/2018 10:38 pm
