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Anyone Ever Wonder How Much Money A Particular Coin Has Made

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United States
320 Posts
 Posted 05/15/2011  4:58 pm Show Profile   Bookmark this topic Add Secret Argent Man to your friends list Get a Link to this Message Number of Subscribers
I had an odd thought the other day... of course there's no way to know, but when I look at a coin esp one in a coin shop, I sometimes wonder how much money it has made people over the years as it is sold, resold, put into circulation, pulled out of circulation, sold and resold again.

For instance-a coin is obviously minted at face value. Say a quarter. It is received in change, goes into a jar where it hangs out 10 year. Then it is spent. Someone picks it out of circulation because it's in nice shape. They sell it to a fellow collector for 50 cents. Fast forward a few years, the collector is getting older, he sells it to a dealer for $1. The dealer resells it to collector #2 for $3. Collector #2 looks at it, figures out it's a double die worth $100. He holds on to it a few years, dies, his heirs see a silver quarter worth $6. It gets sold to someone else who holds it a few months until his kid buys an ice cream cone with it...Then someone else picks it out of circulation, at which point it is deemed to be worth $7 for the silver and it is melted down.

It's just interesting to me to think of the varying values in coins, and the fact that they re often sold, resold etc with many people making a profit all along the line.
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rachums107's Avatar
United States
3345 Posts
 Posted 05/15/2011  5:34 pm  Show Profile   Bookmark this reply Add rachums107 to your friends list Get a Link to this Reply
Interesting...
consider this scenario (completely fiction)
It's 1900- fresh minted dime comes out in a roll, goes to bank for .10, customer gets it for .10, uses it to buy a burger. That fellow gives it as change to a kid, who spends it on a cone, then that fellow gives it as change to someone else.
Its 1910-that same dime is now in another roll and is picked up by a business. They give it as change to someone, he puts it in jar for 5 years, kid takes it out and buys another cone(different kid). That was the last sale of the day so the cone seller puts it in his spare change jar and it sits at the bottom for 10 years
its 1925- finally deposited again at bank, than rolled and stored in vault for 5 years by coincidence.
its 1930-finally opened up the roll, spent on sodas and than dropped on the ground by a careless owner. picked up a month later, than stored in a jar for 15 years
its 1945-deposited in bank, than spent on the third cone in its life(new record for a 1900 dime) that seller gives it as change to some guy who loses it on the street. somehow the luster is still there and a crow picks it up and carries it to his nest. sits in a nest for 30 years, until a logger cuts the tree down and the coin falls out onto the ground. No one notices it for another 5 years, but than a little boy picks it up and spends it on some bubble gum.
its 1980-the bubble gum seller gives it as change to a coin collector who saves it in his 2x2 until he passes away and his family trades it for face value than the bank teller, who collects as well, finds it and adds it to his melt pile because the poor thing is in AG for being circulated that long. The dime gets sent to a refinery, and is melted down. The refinery than uses the silver to make a bullion bar, but thats another story.....
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okiepb's Avatar
United States
1213 Posts
 Posted 05/15/2011  6:53 pm  Show Profile   Bookmark this reply Add okiepb to your friends list Get a Link to this Reply
Interesting idea. I really like the dime story. I'll give it some thought and see if I can come up with one for gold.

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United States
20753 Posts
 Posted 05/15/2011  7:00 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Oddly enough such things happen sometimes while you watch. You made me remember today at a coin show that a dealer showed me a Standing Liberty quarter, 1917D Var. 2, in about AU for $125. While I stood there another dealer grabbed it and paid that amount. He took it back to his table and for the fun of it I was going to ask him how much he wanted but another customer just bought if for $175.
I remember at a camera show a Mamia large format was on a table for $900. It sold to another dealer I knew who in turn sold it for $1200 who sold it on his way out the door for even more.
If you hang around a coin show long enough and if your nosey enough, you would probably see things like that all day long.
If you go to a flea market while they are opening up, you would see many other sellers wandering around buying items for resale at a higher price all the time.
Edited by just carl
05/15/2011 7:01 pm
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StormStrikes's Avatar
United States
136 Posts
 Posted 05/15/2011  8:13 pm  Show Profile   Bookmark this reply Add StormStrikes to your friends list Get a Link to this Reply
That is an interesting concept. I've often thought of the history that a coin has gone through and seen, perhaps even well know historical people whose hands it may have passed through but I've never considered the money that a coin has made as it has passed about through time.
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Conder101's Avatar
United States
17884 Posts
 Posted 05/16/2011  04:29 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Boy were they ever hard on that 1900 dime. From a shiny Unc in 1900 to AG in 1980 in just six transactions.
Edited by Conder101
05/16/2011 04:30 am
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BuffaloBonehead's Avatar
United States
333 Posts
 Posted 05/16/2011  10:02 am  Show Profile   Bookmark this reply Add BuffaloBonehead to your friends list Get a Link to this Reply
Absolutely, Carl. Last time I went I saw a guy buy a bunch of Proof ASEs from one dealer for $60 just to sell to another dealer at $65. I think he was letting them go for $70.
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BadThad's Avatar
United States
19935 Posts
 Posted 05/16/2011  10:24 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Interesting, but unfortunately, we'll never know.
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