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Experiment With Nickels

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bugo's Avatar
United States
223 Posts
 Posted 12/31/2013  01:17 am Show Profile   Bookmark this topic Add bugo to your friends list Get a Link to this Message Number of Subscribers
I posted this on the "other" forum and got a cool reaction, to put it mildly so I'm posting here. This is barely an experiment, it's more like comparing numbers. In the last 100 days, I have found 111 1938-1960 Jefferson nickels in circulation. Some came from the cash register, some came from rolls, and some came directly from customers. They are in a variety of conditions. I thought I'd share the results. Here are the numbers of nickels that I found for each year (mintmarks are not a part of this experiment):

1938 0
1939 2
1940 7
1941 11
1942 1 (cupronickel)
1943 2
1944 0
1945 0
1946 10
1947 2
1948 6
1949 2
1950 0
1951 2
1952 2
1953 3
1954 4
1955 4
1956 4
1957 5
1958 10
1959 15
1960 19

Observations:

It's not surprising that the largest number of nickels that I found were 1960s, which are rarely collected.

The jump from 1957 to 1958 is interesting. The fact that the number kept rising for '59 is interesting as well.

There were a lot of nickels made in 1941 and 1946, and this list shows. There were lots of 1940s too.

The 1938 must have been hoarded when they were new, or collected because they were the first year of the new coin. There weren't as many made that year than in later years, which contributes to its rarity in circulation, but I've never found a single one but I have found buffalo and V nickels in circulation, which suggests that the '38s didn't circulate very much.

No 1950s. Again, not a surprise.

If I had included 1964 nickels in this experiment, half of all my nickels would have been '64s. I don't keep them when I find them so I have no idea how many I have found, but it has to be in the dozens.

I know this was only a sample of 111 nickels, but some surveys you read about in the media have fewer respondents. I'm not claiming that it is anything more than comparing statistics on a small sample of coins. I found some of the numbers to be rather interesting. I hope it is enlightening.

Comments?

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Fuzzy317's Avatar
United States
14463 Posts
 Posted 12/31/2013  01:38 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
Was there a specific reason to not include 1961 and newer nickels?
Valued Member
bugo's Avatar
United States
223 Posts
 Posted 12/31/2013  02:06 am  Show Profile   Bookmark this reply Add bugo to your friends list Get a Link to this Reply
I don't collect post-1960 nickels unless they are AU.
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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 12/31/2013  12:15 pm  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply
In eight months of CRH I have found about the same ratios, I have never seen a single 1938 or 1950, to give an idea of a sample size I have been doing 2-5 boxes of nickels each month since April. Also a few buffs but no V nickels;-(

I used to work in telephone surveys and it all comes down to how you ask the question the sample size is not as important, 110 coins spanning 30-ish years yeah I'd say that is a good enough sample size to see the major patterns 38 and 50 none, 58-60 tons, also I'm willing to bet that the 1939's you have are both D's I have tons of them and nothing from the other mints for '39.

Keep it up and Good Luck!

Ohhh! Forgot to add I keep anything older than 1960 with out question, 1960-63 I only keep if they are nice looking, REALLY nice... I'm still looking for a good punishment for all those annoying 64's... Is it old? Is it SILVER... looks good... wait... wait... NO another 64!!!!
Edited by ASLAN TVorlon
12/31/2013 12:19 pm
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PocketChangeJunk's Avatar
United States
125 Posts
 Posted 12/31/2013  1:33 pm  Show Profile   Bookmark this reply Add PocketChangeJunk to your friends list Get a Link to this Reply
I have never found a 39-D or 39-S in change or roll hunting. The 39-D is actually a key date, even in circulated conditions they will still get you $4-$8 each. I have managed to put together 2 complete sets of War Nickels from CRH but have never found a single 39-D or S.
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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 12/31/2013  5:17 pm  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply
@ PocketChangeJunk
You are correct Sir... sorry yeah mine are all no mint mark. didn't check my Whitman 9009 before posting.

Being in Montana the general rule is it's from Denver I just assumed and didn't confirm, nice catch;-)
Valued Member
United States
317 Posts
 Posted 01/01/2014  12:24 am  Show Profile   Bookmark this reply Add PennyPiggy to your friends list Get a Link to this Reply
Have fun with the coin roll hunt and good luck. Hope you find double dies, repunched mintmarks and any of the other oddities in the series.
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skyshark124's Avatar
United States
1109 Posts
 Posted 01/01/2014  08:10 am  Show Profile   Bookmark this reply Add skyshark124 to your friends list Get a Link to this Reply
Interesting. I found a 1939-D when CRHing earlier this year, but I was going through boxes and boxes a week. Only found one. It's in my "Circulated nickel" set now. I bought the one in my "Uncirculated nickel" set.
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Crouse27's Avatar
United States
50 Posts
 Posted 01/02/2014  2:23 pm  Show Profile   Bookmark this reply Add Crouse27 to your friends list Get a Link to this Reply
Thank you for sharing this. Statistics are powerful. I have noted similarly for the 2009 P Lincoln Presidency cents (with US Capitol on the reverse) that very few are found in circulation relative to the other special 2009 cents. Indeed the roll from dealers is the only one commanding a high premium! About 12c per cent in bank rolls.
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nickelsearcher's Avatar
United States
15392 Posts
 Posted 01/02/2014  6:13 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Interesting discussion and data bugo. Thanks for sharing it with us.

I assume you do realize there is an entire sub-forum devoted to Coin Roll Hunting where discussions such as this are readily available.

Take a visit there ... you can read my recent post on Jefferson nickel find rates at 300,000 coins searched:

https://goccf.com/t/163828

Can't beat that one if you are a fan of coin find rate statistics.

David
Take a look at my other hobby ... http://www.jk-dk.art
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 01/02/2014  6:55 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
I have not searched nearly so many as nickelsearcher, but I have done a dozen or so boxes and I have found everything except 50D. I have actually found more 38's than I have 09's. LOL
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