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How Many Coins Are Left.

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Normic67's Avatar
798 Posts
 Posted 03/22/2013  11:24 pm Show Profile   Bookmark this topic Add Normic67 to your friends list Get a Link to this Message Number of Subscribers
Hello everybody, I was just wondering if there has been any predictions about how many coins are left in the world of a certain year and denomination, for an example, they mint 56,336,011 Canadian pennies in 1941, how much are there left today?
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sel_69l's Avatar
Australia
21788 Posts
 Posted 03/23/2013  12:25 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Impossible to get an accurate figure.
Although most of the worn coins would have been recalled and melted down and recycled,
The Mint would not have recorded information of which coins were recovered by date.

One way you could get an indication of the survival would be as a by product of recording the ocurrence rate in the research that goes with searching rolls and population analysis.

Pricing information in Charlton's would help, but also inaccurate as a guide to survival rate.
Valued Member
Canada
389 Posts
 Posted 03/23/2013  01:38 am  Show Profile   Bookmark this reply Add bmxboy to your friends list Get a Link to this Reply
Within the next 6 years The mint plans to have all the pennies melted, so for the next 6 years it will be impossible to calculate and after that point it will become a how many does each person have in their own collection
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MrCanada's Avatar
Canada
650 Posts
 Posted 03/23/2013  11:56 pm  Show Profile   Bookmark this reply Add MrCanada to your friends list Get a Link to this Reply
Ilove number crunching ,if you could find out how many of each denomination have been recalled , you could assemble a pretty good start.Next you would need to calculate the number introduced into ciculation each year.Make adjustment for changes in population and market demand, estimate the number held by collectors etc and you may have a reasonable ball park.
If I had the stats I think I could get a ball park.
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