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Why Does It Seem Like US Coins Get Worn Easier Than...

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murrellington's Avatar
United States
3276 Posts
 Posted 06/13/2011  02:53 am Show Profile   Bookmark this topic Add murrellington to your friends list Get a Link to this Message Number of Subscribers
Seems like you can find lots of ancient or old coins from other countries for cheap prices, but old u.s. coins get pretty expensive. seems to me like u.s. coins get worn faster as well. late 1700 and early 1800 coins seem very worn if they weren't preserved for a long time. why does it seem like our coins don't last as long? am I crazy?
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sel_69l's Avatar
Australia
21786 Posts
 Posted 06/13/2011  03:34 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
A couple of reasons.

The main one is that the amount of wear a coin sustains is proportional to the time it has been in circulation. Apparently, for all of the 19th century and 20th century up until about 1960, the U.S. Mint did not recall coins for recycling or if they did, it seems that the banks must have been under instruction to only withdraw obviously very worn coins back to the Mint.

The other reason has to do with the purity of the metal. U.S. silver was 90% until 1964, which was higher than for other nations. Alloy coins are better wearing and cheaper to make.

The British silver, especially if the 18th century, (1700's) is usually found in a very worn state, and prime examples are worth a lot of money. The British, at this time, just did not make many coins, and what they did make, was forced to stay in circulation for a very long time.
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Sap's Avatar
Australia
16817 Posts
 Posted 06/13/2011  07:15 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
If this is a real effect, then I assume it has to do with availability of coinage. For most of the first century of your country's existence, coins were hard to come by, especially in the frontier regions far from the mint-cities. So they tended to stay in circulation for longer. We see a similar effect here in Australia with old British coins that were used here before we got our own coinage in 1910. Most of the 1800s coins found here are worn flat, because shipping in replacements from the other side of the world was not cost-effective.

But it's possible that what you're observing may be an illusion, caused by two other factors.

US coins in unworn condition aren't cheap, because coin collecting is far more popular in America than it is in most other countries. That, combined with your large population, creates huge demand, which drives up prices. American coins are always more expensive than an equally rare non-American coin in the same condition. So, for the same amount of money, you can buy a worn-flat US coin or a rather nice foreign coin. This can create the perception that US coins are always more worn.

Then there's design. Most American collectors will admit that their early coins aren't among the world's most aesthetic coinages. They simply weren't designed to look good once they became worn, so an amount of wear on a US coin that makes it look worn and ugly would make an equivalent-period foreign coin look only slightly worse.

I don't know whether any or all of these explanations are the truth. But those are possibilities that occur to me.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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 Posted 06/13/2011  07:42 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I would think it's rather obvious. As noted here in the US the amount of coin collectors is massive. Many, many coins are pulled out of circulation as fast as they are made. This means that the ones not pulled out for collecting, get circulated over and over. Between coins pulled out for coin collecting and the ones destroyed by the numerous methods people use to ruin them, what is left gets reused over and over and over.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 06/13/2011  07:56 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Sap: I agree with you. An MS Walking Liberty half is a fabulous looking coin. The same coin worn flat is 'orrid!

Australian cupro nickel 20 cent design in much less than fine still quite acceptable. (At least partly due to the design skills of Stuart Devlin).
Edited by sel_69l
06/13/2011 08:10 am
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Canada
9863 Posts
 Posted 06/13/2011  11:02 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
I agree with Sap,it's an illusion,created by supply and demand,too many collectors chasing too few choice coins.
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murrellington's Avatar
United States
3276 Posts
 Posted 06/13/2011  3:29 pm  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
wonderful answers. Sap, that made a lot of sense. Possibly an illusion. And justcarl, your response also made sense. thanks guys!
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