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Replies: 13 / Views: 2,221 |
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Valued Member
United States
54 Posts |
I was reading about a Half Cent of mine, and somewhere in the facts, it listed an estimated number of how many of this coin still survive. I cannot find where I read it, and I'd love to know numbers for some coins. I find it interesting, but I'm doing a bad job with Google. I'm curious about US coins and Canadian as well. (Just to be clear, I'm not looking for mintage numbers. I'm looking for a number that has survived.)
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Pillar of the Community
United States
1788 Posts |
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Valued Member
 United States
54 Posts |
"Survival Estimate" toward the bottom of the page. That's exactly what I was looking for.
Thank you for the help!
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Bedrock of the Community
United States
17884 Posts |
Take their survival estimates with a BIG grain of salt.
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Moderator
 United States
23522 Posts |
PCGS survival estimates, to my mind, are partly alchemy, partly puffery, and completely guesswork. They're using the same mathematical formula as political polls, without subsequent election results to refine their model and they're only polling themselves.
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Pillar of the Community
 United States
594 Posts |
AGREE with Conder and SsuperDdave
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Bedrock of the Community
13014 Posts |
Every estimate is nothing but an educated guess. The PCGS guess is as good as anyone else's and probably better than the vast majority but it is still just an educated guess. No one on the planet can count coins that no one knows are out there hiding in family collections and no one knows how many things were lost to the smelter during the last metal run up.
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Valued Member
United States
338 Posts |
At least you can get a baseline to start from. Then modify it with what you think.
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Valued Member
 United States
54 Posts |
I appreciate all the feedback.
I wasn't looking for a real number, just a general idea. My curiosity is more romantic notion than scientific need.
It did cross my mind to find some coin with a relatively small value and a relatively small survival estimate and start stock piling them.
Like take some 1/2 cent with an estimated 4000 or so in existence, and a lowish value. You can probably buy them easily. Keep doing it, until you have 2000 of them, then 3000...
It seems like you can get close to having "all" of them and affect a price spike due to low availability. Create your own scarcity in the market place.
I expect it wouldn't work, but I like the thought.
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Valued Member
United States
275 Posts |
It is a fun thought, but you probably couldn't exit without flooding the market.
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Bedrock of the Community
United States
17884 Posts |
An early copper Half Cent or large cent with an estimated population of 4,000 would be considered to be a very common coin. You might try with something a little scarcer, say one rated as an R-4, 76 to 200 estimated. (Usually there isn't much of a premium until you get to an R-5 31 to 75 known.) One guy did what you suggested and set out to prove single handedly the the 1803 S-262 was not an R-5 coin by acquiring 75 pieces. He quit when he got to 68, but in the meantime he caused the price to more than double because if you wanted one you had to outbid him to get it. On the other hand he did prove it wasn't an R-5 because with his and the other pieces known in other collections the known population was now too high. Today it is rated a high R-3 200 to 330 estimated to exist.
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Rest in Peace
10197 Posts |
The only true raw data absorbed by the TPGs are their own graded items compared to an estimated amount in other TPG records towards a recorded mintage. Other than that, call you local polling service!
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Pillar of the Community
United States
1839 Posts |
Quote: I wasn't looking for a real number, just a general idea. My curiosity is more romantic notion than scientific need.
It did cross my mind to find some coin with a relatively small value and a relatively small survival estimate and start stock piling them.
Like take some 1/2 cent with an estimated 4000 or so in existence, and a lowish value. You can probably buy them easily. Keep doing it, until you have 2000 of them, then 3000...
It seems like you can get close to having "all" of them and affect a price spike due to low availability. Create your own scarcity in the market place.
I expect it wouldn't work, but I like the thought. Thing is that if a coin has a small survival rate but still has a relatively small value there's going to be a reason for it. The reason is usually going to be that there just isn't much demand for that coin. It might be in a series that isn't very popular or some other similar reason. Finding a coin that has a low survival, a low price and a decent amount of demand? Well that's going to be quite the challenge.
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Bedrock of the Community
United States
20753 Posts |
May as well ask for the quantity of a type of fish in the Ocean. Any number would be a complete guess. Only almost accurate estimate of a coins survival number would be for something like the 1913 Liberty Head Nickel.
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Replies: 13 / Views: 2,221 |
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