Finding the odds of errors being made

Discussion in 'Coin Chat' started by Siggi Palma, Apr 10, 2012.

  1. Siggi Palma

    Siggi Palma Well-Known Member

    Good evening, Just about to go to sleep over here in Iceland and I was just pondering if there is any way to find out the odds of errors being made

    Let´s take this one for instance

    Double denomination 2 Pence and 100 Kronur 2004

    [​IMG]

    ( Odds of 11 cents coin appearing here 95% )

    There were 356.396.000 minted of the 2 pence in 2004
    There were 2.400.000 minted of the 100 Kronur piece in 2004

    I´m not even sure if there is any way to calculate the odds. Maby this is just a stupit tought and my none calculating brain is trying to act like Mr. T

    Well that´s all for tonight

    Siggi
     
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    If I were you Siggi I'd just be satisfied with knowing that is a very, very, very large number - to 1.
     
  4. Kasia

    Kasia Got my learning hat on

    I'm sure the stats could be calculated mathematically if you're so inclined. Maybe there is other mathematical input, like number of blanks per hour and identifying other variables.

    BTW,,,,,, you might be shortchanging yourself on the percentages of the eleven-cent. Could be higher.
     
  5. Siggi Palma

    Siggi Palma Well-Known Member

    Thank you sir, I know it´s rarity is one to many but I just thought it was interesting to find out if it was even possible to calculate :)

    I´ll just go LOL ;)
     
  6. GDJMSP

    GDJMSP Numismatist Moderator

    Honestly, I doubt it. Too many unknowns in the equation.
     
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