1970 s small date

What was the approximate life expectancy for dies at that time?

 

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What does it indicate? Of the total mintage of business strikes, 50% are large, 50% are small?

 

It indicates the number of small dates minted should be fairly small.

 

No, a die can only produce an average number of coins before it has to be replaced as too deteriorated. I do not know how many cents the average die produced in 1970. My mint records book stopped in 1950, so maybe someone has a later one or a better idea. I would suspect about 50-100,000. For comparison, the 1955/55 die is said to have been pulled out of production, but had still produced 20,000 or so which they decided not to melt.

 

Well the 55 had produced 45,000 but 20-25K had already shipped. The 55 was pulled when the error was discovered, not because the dies were worn.
I was under the impression you could get 200,000 from one pair of dies?
Is that too many?

 

It depends on the time period if I recall correctly. Dies today last substantially longer than those of the past (I believe partly due to the low relief), but I'm just not familiar with the specifics.

 

I see. I know the 70-S sd is rare, and if 690 million were minted,
100,000 or so would not surprise me. I was just wondering if there was a known approx number on that. But desertgems information is solid and I think a number can be determined.

 

This whole small date large date 70 S Lately.
Is probably gonna get

me to go through all the 70 S cents I put away roll hunting. I remember having a few rolls. ​

I know there were a few that I questioned?

 

I went through a bank bag of 5000 ( thread here someplace) , and not a single small date. Ended up buying a couple years ago, as it wasn't worth the time to go through more rolls for me. Good Luck.

 

I all ways tried to associate the tapered weak liberty into the mix.
Now your gonna get me to look. Thanks

 

I was purely speculating. I agree that at 1% it wouldn't be rare/scarce. That's kind of where my thinking was going.

So let's say it was one set of dies, how many modern coins can you strike off of them before they'd be pulled out of the press. I still think that number has to be fairly large.

Edited: I should have finished reading the posts in the thread. Seems this topic is already being discussed.

 

@cladking usually knows this info, or maybe @BadThad

 

The mintage of the '70-S sm dt was quite low. It would be an extremely valuable coin except that it appears in nearly 11% of mint sets. This means there's a handy supply of 200,000 of them (only about 100,000 survive and very few are left in mint set).

There were many released to circulation but the attrition on these is exceedingly high so very very few were ever recovered from this source. I'd be surprised if there are even 200,000 altogether any longer. Many of them suffer mint set damage or are otherwise degraded.

 

I should note that for years it was believed large numbers were intercepted from circulation. This seemed plausible at the time but normally if there's even one large hoard the owners will sell into any strength in the price and no apparent selling has ever appeared.

It seems unlikely at this late date that any were intercepted in quantity.

Back in 1971 this coin was on par with the '60-D sm dt. But by 2000 the '70 was going for $15 and the '60-D sm dt was the lowest value penny roll of all wholesaling fort 60c or a mere 1.2c each.

Today the '70 coin has backed off a little from its high and is selling for $36 wholesale.

 

I appreciate all of your information I'm a rookie at all of this and I will use of of your info to help me. Your awesome as well as the rest of all that have engaged in this thread. Thank you