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Jefferson Find Rates @ 150,000 Coins Searched

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nickelsearcher's Avatar
United States
15392 Posts
 Posted 02/13/2010  9:59 pm Show Profile   Bookmark this topic Add nickelsearcher to your friends list Get a Link to this Message Number of Subscribers
Just passed through 150,000 coins searched from circulated bank rolls (3750 rolls, $7500 face value) ...... and offer the following find rate updates in the hope it is useful to fellow nickle roll searchers.

Remember ..... I consider a 'find' to be any US nickle dated prior to 1960.

Soooooo ... to the numbers ....

Find Rates

My overall find rate is 1.275%
. This equates to an average of 25.5 finds per $100 box.

The vast majority of my finds are common date coins ..... but we always enjoy finding the 'special' coins in circulation today .....

Sooooo ....

Special Coins

I have found two Liberty V nickels ..... equates to 1 find every 75,00 coins (1 every 1875 rolls).

I have found 21 Buffalo ..... equates to 1 find every 7143 coins (1 every 179 rolls).

I have found 45 War Silver Jefferson's .... equates to 1 find every 3333 coins (1 every 83 rolls).

I have found 21 of the less than 10 million mintage Jefferson's .... that is .... 50-p, 49-s, 55-p, 51-s, 39-s, 38-d, 38-s, 39-d and 50-d ..... equates to 1 find every 7143 coins (1 every 179 rolls).

Considering all the special coins above ..... I find a 'special' every 42 rolls.

Circulation Obsolescence

The overall circulation obsolescence for 1938-1959 Jefferson nickels is 81.31%.

Jefferson Obsolescence rates for individual time periods are as follows ....

30's @ 81.67%
Pre-War 40's @ 82.34%
War Silver @ 98.20%
Post-War 40's @ 77.82%
Early 50's @ 73.79%
Late 50's @ 68.58%

I still need three coins to fill my humble Whitman 9009 ..... 1938-S, 1943-D and 1944-D.

Hope this is useful to someone out there.

David





Take a look at my other hobby ... http://www.jk-dk.art
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hockingzig's Avatar
United States
1450 Posts
 Posted 02/13/2010  10:58 pm  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
I need the same 3 you do. I have found more silver(72),more Liberty V's(5)a few more buffalos(26) but I would have to say from"eyeball"stats that my numbers are really close to yours. From figuring with a rough average of rolls/week over the time I have been doing nickels I bet we are within a couple hundred rolls of each other.I( don't know where you are located but I am in central Ohio and I bet if we did some regional stats we would see geographic differences. I am about ready to give up on the 38S but I am still holding out hope on the 2 silver D's.
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SDcoinguy's Avatar
United States
2424 Posts
 Posted 02/14/2010  08:53 am  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
i know out here on the WEST/LEFT coast I get a lot more S's. if I find any, I will let you guys know..
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Ceylon62's Avatar
United States
1285 Posts
 Posted 02/14/2010  11:35 am  Show Profile   Bookmark this reply Add Ceylon62 to your friends list Get a Link to this Reply
Thanks for the info. These stats help a newbie like me tremendously. The only main difference I am noticing (in my short history.lol) is that I am running even on the buffalo's and War Nickels in Bank rolls ( 4 each / 8 total ) out of 5 boxes (1 in 63 rolls). On the other hand I have picked up a 50 p, 55 p and some nice Canadians from customer rolls (about 120 rolls searched so far). I am still debating in my mind if I want to do customer rolls going forward as quite a few were short and I am not finding any buffalos or War Nickels. I am in southern CT (I-95 corridor).

Could you please explain Obsolescence rates or point me in the right direction? TIA

Peace
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hockingzig's Avatar
United States
1450 Posts
 Posted 02/14/2010  3:00 pm  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
I think you will find customer rolls a hit-miss proposition. I have gotten less of everything from customer rolls except Liberty nickels. That being said, I have hit some real treasure troves in customer rolls also, for example, one roll had 4 Liberty nickels and 8 dated buffaloes,IN A SINGLE ROLL! That makes up for a lot of searched boxes. Most of my key dates were from customer rolls,50D,38D,39S all from customer wrapped rolls as well as about 1/3 of my War Nickels. I have had much less luck lately with Brinks rolls. I agree the problem is short rolls from customers,I had 10 out of 20 the other day short 3 coins each. Really makes me angry.
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SDcoinguy's Avatar
United States
2424 Posts
 Posted 02/14/2010  3:59 pm  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
solution to the shorted rolls.... send them back shorted...lol.. may be poor form on my part, but that way I wont be as angry?
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DylansDad's Avatar
United States
476 Posts
 Posted 02/14/2010  4:40 pm  Show Profile   Bookmark this reply Add DylansDad to your friends list Get a Link to this Reply
There's hope on the 38S, I just pulled one yesterday! Funny thing was I had one in my folder, but when I popped it out to compare I saw that it was a 39S! I think it has been in that folder spot for over 20 years!
Edited by DylansDad
02/15/2010 09:28 am
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nickelsearcher's Avatar
United States
15392 Posts
 Posted 02/14/2010  5:57 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply

Quote:
Could you please explain Obsolescence rates or point me in the right direction? ]


All you would ever want to know in this recent thread ....

https://goccf.com/t/58454

David
Take a look at my other hobby ... http://www.jk-dk.art
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Ceylon62's Avatar
United States
1285 Posts
 Posted 02/15/2010  09:49 am  Show Profile   Bookmark this reply Add Ceylon62 to your friends list Get a Link to this Reply
David,
Thank you and the numerous others who contributed for the detailed informative dialogue and discussion on this topic. IMO, it should be archived with a direct link for future reference. It could be titled "must read for dummies" . On a serious note

Based on my limited reading below are some reasonable deductions I have made about silver and gold in general
1)The War Nickels were only intended for limited circulation due to material constraints and were supposed to be melted once the war ended. From my understanding that's why the mint mark was placed above the dome on the reverse to identify them easily. The smart folks back then easily could have hoarded them and or melted them at some point in the future.
2)2 years back legislation was passed to stop the "Melting and Exportation of Coins". This legislation mainly circled around Nickels (regardless of date) and Pennies (pre 82) as the metal content alone reached around 8 cents and 3.5 cents respectively. For the politicians to have passed the law indicates that there was clear evidence of mass scale melting. How much has gone this route we will never know.
3)Apparently it is very difficult to find South African Gold Krugerrand's dated prior to 2007. Spec here is that it's been melted.
4)One of the coin dealers told me that some older dated US gold coins were heavily melted in the 06 to 07 time frame. I do not doubt his story.


Below is a link on Coin Exportation and Melting Legislation in case you have not seen it. I also believe a similar legislation was passed (60's or 70's) for Silver Half Dollars.

http://www.usmint.gov/pressroom/ind...lease&ID=771

Pardon me for some what deviating from your original post but the melting is worth while taking into consideration. The only issue I see is that it will be very difficult to prove this out unless someone gets busted and is wildly publicized in the media. Only then would we know the scale of the obsolescence related to melting. Mathematically, I am some what sure that this DOES not make a diff on your numbers. Enough rambling by moi.

Peace
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