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 Replies: 14 / Views: 1,863 |
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Pillar of the Community
United States
626 Posts |
Hi all, searched through $11.64 worth of 1998's today before work and pulled these 6 WAM's. Really wish I could have found a '99 in yesterdays search but it leaves me something to look forward to. Coin #1   Coin #2   Coin #3   Coin #4   Coin #5   Coin #6   Now I am going to hope the coin gods are kind to me when I search for Close AM's in my '92's tonight. Fingers crossed! |
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Pillar of the Community
Canada
4911 Posts |
its really cool that most of those have a slightly misaligned obverse die, you could make an alignment progression since you have some varying degrees of it and theyre all going the same way suggesting theyre from the same obverse die.
Feel free to call me Will.
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Pillar of the Community
 United States
5828 Posts |
Cool! I've searched hundreds of thousands of pennies and never found one... Great finds  |
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Moderator
 United States
188130 Posts |
Very, cery nice! I have yet to find one, either.  |
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Valued Member
United States
226 Posts |
Great! I have yet to find even one.
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Pillar of the Community
Canada
9158 Posts |
How are you doing on the 99 and 00's
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Pillar of the Community
 United States
626 Posts |
Quote:
How are you doing on the 99 and 00's Pulled 11 2000's out of $10.23, still batting zero on '99's... |
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Moderator
United States
15409 Posts |
Very nice indeed. I'm a fan of using circulation find data to make estimates about surviving populations of coins ... and your 1998/2000 WAM data brings along some interesting estimates: Assume that as you set these coins aside over the years you were drawing from a random sample of the dates ... uniformly representative of the distribution of WAM within the original mintages. If so ... your find rate data provides an estimate of the (significant) number of 1998/2000 WAM produced. Follow this logic ... You found 6 1998 WAM in $11.64. That is 6/1164 coins ... a find rate of 0.52%. You found 11 2000 WAM in $10.23. That is 11/1023 coins ... a find rate of 1.08%. 1998 LMC original mintage was 5.023 billion coins. 2000 LMC original mintage was 5.503 billion coins. Applying your find rates to those original mintages yields an estimate of the WAM mintage for each of those years ... 1998 WAM at 26,119,000 coins.2000 WAM at 59,432,000 coins.That is a lot of WAM waiting to be found!  David |
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Pillar of the Community
Canada
9158 Posts |
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Bedrock of the Community
United States
19942 Posts |
Quote:You found 6 1998 WAM in $11.64. That is 6/1164 coins ... a find rate of 0.52%. You found 11 2000 WAM in $10.23. That is 11/1023 coins ... a find rate of 1.08%. Those rates are the find of the century. In my experience my find rate for a 98/2000 WAM is one in 3-5 boxes (~ 1 in 12500) . I find 6 in 1164 to be highly improbable and a statistical anomaly. I'm sure most hardcore searchers will agree. |
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Pillar of the Community
United States
1192 Posts |
He got them a few of the time. Maybe at one point he got ahold of a dump of them without knowing it at the time. It's possible someone spent that much at a gas station and he happened to be the customer that got them back.
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Bedrock of the Community
United States
20753 Posts |
Have you noticed not many others find those and possibly due to you finding all of them?  I now see why I can't find any.  Good going though. |
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Pillar of the Community
United States
626 Posts |
I want to believe that geographic location has some bearing on find rates. Here in Indiana I have only found 9 '73-S in 17 years, I am sure others elsewhere have found them by the rolls. I agree that I found more than a fair share, according to Wexler, 31 WAM dies have been identified for '98 and 23 WAM dies for 2000. Assuming that they ran an average of a million strikes each, and my math is correct, then it should work out to .006% and .004% from a manufacturing view. How they were distributed around the country as banks ordered them holds the biggest factor on localized find rates. |
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Pillar of the Community
United States
626 Posts |
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He got them a few of the time. Yes, all of my finds are coming from my 17 year hoard of around 90,000 cents saved from normal commerce that I finally got around to sorting by date/mm. I didn't just go buy bricks from the banks or solid date rolls from dealers. |
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Pillar of the Community
United States
4932 Posts |
And I thought I did good when I went through my box of the week for pennies and pulled out 2 1998 WAM's LOL. |
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Replies: 14 / Views: 1,863 |
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Posted 02/20/2015 8:31 pm
