A Time in Circulation to Grade Ratio

Discussion in 'Coin Chat' started by ArthurK11, Jan 5, 2018.

  1. lordmarcovan

    lordmarcovan 48-year collector Moderator

    That's a neat perspective. I've often wondered what that must've been like from a numismatic perspective. I was a mere kindergartener when your bank teller days ended.
     
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  3. Neal

    Neal Well-Known Member

    I was speaking only of circulation, that is, of bags of coins shipped to us from the Federal Reserve each week, since the original question asked about wear patterns. We occasionally received hoards which don't follow the rules for wear. One man had lost everything in the Depression and never again trusted banks. Everything he saved was converted to half dollars and put in a box under his bed. When he died his heirs just deposited several thousand dollars (not sure how much, I was not a teller at that time) in silver halves, about a quarter of them Barbers, with many really nice Walking Liberties. Another time a man came in and deposited $2000--in just three bills. The biggest hoard was when the price of silver shot up in 1963. We had always had a few hundred silver dollars in the bank, mostly used as Christmas presents by customers, mostly AU-low MS Peace common dates with a few earlier Morgans, mostly VG-VF. But when demand went up the bank ordered another bag from the Fed. It was $1000 in 1878-1881 Morgans, mostly ranging from VF to MS, including some nice CCs. I bought as many as my meager resources could afford, though, alas, I no longer own them.
     
  4. DMcc6

    DMcc6 New Member

    So I'm assuming the '65 quarters are pretty much worthless??
     
  5. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    They are worth 25 cents ;)
     
    KSorbo and DMcc6 like this.
  6. DMcc6

    DMcc6 New Member

    Would the same be true of the 1776-1976 quarter? I don't see many of those"."...
     
  7. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Between Philadelphia and Denver, they minted 1.6 Billion of the bicentennial quarter. They are worth 25 cents as well.

    You don't see many of them because whenever someone sees one, they pick it out and save it. Oh, these are unusual, they must be worth something! Many people have dozens and dozens of them in a drawer or change jar.
     
    -jeffB likes this.
  8. NancyBarnes

    NancyBarnes New Member

     
  9. NancyBarnes

    NancyBarnes New Member

    I have been working at a hotel I would go look at every coin that came in or out. Thanks how I got must of my coins.
     
  10. desertgem

    desertgem Senior Errer Collecktor Supporter

    Well, if you wear the same pair of pants every day, there is less chance of losing it :)
     
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