Coin Collectors and Keys

Discussion in 'Coin Chat' started by Kentucky, Aug 23, 2020.

  1. baseball21

    baseball21 Well-Known Member

    There's absolutely no chance it's less than 1 mil. That is significantly less than 0.05% of the population.
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  3. 2x2 $averKrazy

    2x2 $averKrazy Hopelessly coined in

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  4. 2x2 $averKrazy

    2x2 $averKrazy Hopelessly coined in

  5. 2x2 $averKrazy

    2x2 $averKrazy Hopelessly coined in

  6. Noah Finney

    Noah Finney Morgan / Gold Indian Member

    ive got a whole roll of unc 50-d's..... should I be guilty... :woot::woot::woot::woot::woot::woot:
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  7. Goldsayshi463

    Goldsayshi463 the person who says "hi" all the time

    hey im a newbie and i got 0 50-d's
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  8. Goldsayshi463

    Goldsayshi463 the person who says "hi" all the time

    at least got gold-plated coins
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  9. Garlicus

    Garlicus Debt is dumb, cash is king.

    When using Mint sales, ANA memberships, supply/demand effects on pricing, etc... keep in mind that the original question was about collectors in the USA, and ‘outside forces’, aka people in other countries, affect those figures.
    Last edited: Aug 24, 2020
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  10. Roman Collector

    Roman Collector Supporter! Supporter

    Most of the 10 million collectors aren't looking for a 1950 D nickel. There's enough to supply the demand.
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  11. John Johnson

    John Johnson Well-Known Member

    No worries. I won't get one, so you can take the one I would have gotten.
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  12. Bill H.

    Bill H. Member

    I think we need to differentiate between a COLLECTOR and a SAVER.

    A COLLECTOR knows the basics of the hobby, a saver does not.

    A collector knows what G, VG, F, VF, XF, AU, BU, PL, DMPL are.
    A collector knows what ANA, VDB, SBA, TPG, SLQ, 3-legged, Doubled-die (not double-die) are.
    A collector knows it's a cent, not a penny. A dollar coin, not a silver dollar (modern of course).
    A collector knows what an eagle, half eagle, quarter eagle and double eagle are.
    A collector knows what another collector means when he says "16-D", "Charlotte Gold" and "business strike".
    A collector knows 90% vs 40%, modern vs classic commem, PCGS vs NGC and what a "branch mint" is.
    A saver knows you dump your coins in a bucket at the end of the workday and takes it to Coinstar when it's full.
  13. Mike Thornton

    Mike Thornton Active Member

    I think you've made a basic math error. You assume that only 75% of the population have heard about coin news.

    "0.75 * 328.2 million = 246.15 million.
    Number of people who've heard about coins on the news- 246.15 million."

    Then you assume that only 30% really care.

    "0.30 * 328.2 million = 98.46 million.
    Number of people who really cared about the coin-related news- 98.6 million."

    So, why did you go back to the original population number and recount those that you already stated didn't hear about coin news? They don't know or care, as you stated. Wouldn't the correct calculation be 30% of the 75%? or 73.845 million. And so on.

    Then only 20% found something and remained interested brings the population to 14.769 million.

    If only 15% become moderately seriously the population becomes 2.215 million.

    Or am I out of my mind? Could be!! lol
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  14. Penny Luster

    Penny Luster Supporter! Supporter

    We are only talking about one nickels worth of guilt here...If you decide to feel guilty about unequal distribution of coins among collectors, your feelings might cause you to avoid the scarce and rare ones.
    That would be a shame, but you must do what you feel is right for you.
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  15. PlanoSteve

    PlanoSteve Supporter! Supporter

    Collectors? = 10,000,000 +

    Serious collectors? = 11,842 (*)

    (*) I don't quite make it into this category; I'm at about 45,221. :D
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  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    Serious collectors can be redefined a number of ways. I'm sure of you put your mind to it you could lose 33,379, then you'd be a serious collector. :smuggrin:
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  17. Mr.Q

    Mr.Q Well-Known Member

    I certainly don't want you to feel guilty any longer so all you have to do is give me one and walla no more guilt. Thanks for the post be safe.
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  18. -jeffB

    -jeffB Greshams LEO Supporter

    US population: ~300M
    1% of 300M = 3M
    0.1% of 300M = 300K
    0.05% of 300M = 150K

    No conclusions, just in a mood to pick about arithmetic ;)
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  19. -jeffB

    -jeffB Greshams LEO Supporter

    And as far as guilt over hoarding 1950-D nickels, given their price trajectory over the years, I'd say "nope". The 1965 Red Book lists them at $22.00 in Unc; by 1975, that had fallen to $12.00. I don't have a current Red Book, but Numismedia lists them at around $12.00 in lower MS.

    $12.00 in today's money is about $2.50 in 1975 dollars, $1.50 in 1965 dollars.

    So, I'd say don't feel guilty about hanging onto as many 1950-D nickels as you want. But don't count on them as a retirement fund, either.
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  20. Mountain Man

    Mountain Man Well-Known Member

    Geeze, I guess I'd be considered a hoarder as I have many duplicates of key and semi-key Buffalo nickels. LOL
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  21. Kentucky

    Kentucky Supporter! Supporter

    An example of mental mastur..thinking :)
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