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A Time in Circulation to Grade Ratio
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<p>[QUOTE="Neal, post: 2959301, member: 43872"]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.[/QUOTE]</p><p><br /></p>
[QUOTE="Neal, post: 2959301, member: 43872"]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.[/QUOTE]
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