Organizing coins
Centless stuff
question thats taking me more than my 5 minutes of patience to solve.
My goal is to show differences between coins in circulation vs whats
actually out there by saving and entering the information into
Numbers, that Mac version of Excel. I'm doing this to teach myself how
to use Numbers and I find the software pretty good so far, but my math
seems to be holding me back. I want to show a deviation from a
predicted value of how many coins I should find in circulation against
what I really did find. So Let me break this into some numbers that
are easy so I can illustrate where we are with the formula:
I found 20 1998 - Philadelphia quarters from a pile of 1000 quarters
There were 896.27 million 1998 - P quarters minted in Philly
The sample range goes from 2009 until 1965 and 73 billion quarters
were minted in that time.
SOOOO... 896.27M/73B*1000 = The number I should have found = 12.27
I found 20 which is 7.73 too many...: 7.73/12.27*100% = The magic
number I'm trying to find?
I want to give a percent off the mark sort of figure but I'm missing
something, I know it.
I want to statistically and categorically show which coins are being
taken out of circulation before their expiration date by piggy
banking, collecting, destruction, etc. Destruction is a bad example,
because a car scraping a quarter into disuse can't read the date. I've
been working on this for weeks out of change I've saved over the past
few years, one year at a time, and boy oh boy its making me sit on my
arse too much. I've gained 10+ pounds since starting this massacre of
time. Something I'd like to say is how few collectible coins there are
in circulation compared to 1999. I'm doing this in part as a
comparison project from ten years ago. I stashed a mountain of bank
rolls in 2000 as part of this project and I'm finally tearing them
open now. God those pennies are delicious for any collector. There's a
wheatie in every other roll, some golden orange 60's and 70's cents in
each roll. MmMmMmMm!!! The Jefferson nickels are definitely the
biggest difference, the 1999 rolls have many dates in the 50's and a
few war nickels here and there but today, nothing before 1960, unless
my sample is not large enough. Also, today it's impossible to find a
dime in less than VF-35 unless it was bashed in with a hammer. One
surprise, was a near mint 1964 silver quarter.
Jerry Dennis
I'll throw in a couple of variables you may not have considered. The
biggest is demand. In 1998 (your year of choice) there may have been
a demand for quarters, and your bank received rolls of brand new ones
to distribute.
Did your area receive Statehood Quarters when they were issued? Most
areas did, but some didn't. If there was a need for quarters during
the SQ program, some banks got mixed or "new" rolls of 1998s rather
than SQs. Your area could be that way.
Getting back to the SQs, when the Mint announced the SQ program a lot
of people (collectors and noncollectors alike) hoarded the last of the
"eagle back" quarters (1998). When, after ten or more years, they
weren't worth a gazillion dollars a roll, they were dumped into
circulation (I notice a lot of BU SQs from all years in circulation
for just this reason).
I've only scratched the surface, but you need to keep in mind that
coins are struck for economic use. The Mint is helping collectors by
striking mint sets and proofs. And banks are under no obligation to
order anything, coin-wise, unless they need them for business. If you
want a roll of brand new halves, your bank may or may not have them.
They'd probably order them for you, BUT you may have to buy the entire
box plus pay the shipping as well.
Jerry
Still, it's fun finding, as George C. would say, "Goofy S***"
Jud
If you
> want a roll of brand new halves, your bank may or may not have them.
> They'd probably order them for you, BUT you may have to buy the entire
> box plus pay the shipping as well.
>
> Jerry
> Still, it's fun finding, as George C. would say, "Goofy S***"
Jerry, as you know (but didn't state), the mint hasn't released half
dollars for circulation in years. If you find brand new halves at the
bank...buy as many as you can, take out a loan, ask if they have any
more, and give me a call!
Jud
A. Nony Moose
"Jud" <numis...@aol.com> wrote in message
news:07e49f4e-8739-489f...@o8g2000prf.googlegroups.com...
Jud
------------------------------------------------------------------
You can buy current date half dollars at the US Mint.
They've been striking them for years for collectors.
Jerry Dennis
Will do, Jud.
Jerry
The only halves I can get right now are beat up and circulated. No
silver (I already scarfed them all).
Jud
> Jerry, as you know (but didn't state), the mint hasn't released half
> dollars for circulation in years. If you find brand new halves at the
> bank...buy as many as you can, take out a loan, ask if they have any
> more, and give me a call!
>
> Jud
> ------------------------------------------------------------------
> You can buy current date half dollars at the US Mint.
> They've been striking them for years for collectors.
Yep...I have been buying them from the mint for years, at a hefty
premium over face value.
Centless stuff
>
> Did your area receive Statehood Quarters when they were issued? Most
> areas did, but some didn't. If there was a need for quarters during
> the SQ program, some banks got mixed or "new" rolls of 1998s rather
> than SQs. Your area could be that way.
I did receive many and unfortunately didn't sell them like an idiot
when the market was going bananas for a lousy roll of Delewares. I'm a
bit grouchy about that but that's what happens when you sit on
something without paying attention to what's going on. After about 700
coins almost all the dates and mintmarks were represented, so there's
no shortage in circulation in my area. The cents filled up the fastest
but that's what I expected. It took 500 dimes to fill in all the dates
and 200 nickels wasn't enough to complete the post 1959 collection.
More news later unless the wife forces me to go back to work, ha ha!