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<p>[QUOTE="SorenCoins, post: 4788813, member: 73708"]Funny post. I never would have thought of that.</p><p><br /></p><p>This is the perfect interview-style question where an employer would want to see the path of logic you follow, even if it wasn't possible to know the actual answer.</p><p><br /></p><p>There are about 328.2 million people in the USA. I am going to go on a limb here, and say that 3/4ths (75%) of the population heard about the 50 State Quarters Program on the news or were aware of it in someway. I assume that the announcement of the 50 State Quarters Program was probably the biggest coin-related news the public had seen, and will see in a long time, but let's just say that 75% of the population has heard some coin-related news in the paper or on TV, be it 1943 copper cents being found or new quarter designs. This is probably the biggest factor in pulling in new collectors.</p><p><br /></p><p>So, 75% of the population has heard coin-related news. I will assume that about 30% of the population actually cared about that news (a few percent were probably already collecting, such as if their parents had gotten them interested). Out of that 30% group, I would say that 10% of that 30% would not have found anything interesting, or got frustrated, and gave up. That leaves about 20% of the population of the USA that began collecting after hearing the news. We will count them as collectors.</p><p><br /></p><p>Now to plug in the numbers:</p><p><b>Total population of the USA- 328.2 million.</b></p><p><b><br /></b></p><p>0.75 * 328.2 million = 246.15 million.</p><p><b>Number of people who've heard about coins on the news- 246.15 million.</b></p><p><b><br /></b></p><p>0.30 * 328.2 million = 98.46 million.</p><p><b>Number of people who really cared about the coin-related news- 98.6 million.</b></p><p><b><br /></b></p><p>0.2 * 328.2 million = 65.64 million.</p><p><b>Number of people who found something or remained interested and became collectors- 65.64 million.</b></p><p><b><br /></b></p><p>I would bet that around 75% of the people who became collectors became somewhat serious collectors (more than just a few coins).</p><p><br /></p><p>0.15 * 328.2 million = 49.23 million.</p><p><b>Number of people who grew to become moderately serious collectors- 49.23 million.</b></p><p><b><br /></b></p><p>With that I estimate about 40-50 million people collect coins in the United States. This does not surprise me; people are fascinated with money, it's really interesting.</p><p><br /></p><p>Now this, as you can see (if you've actually read this far), is a lot of speculation, but it does follow some logic.</p><p><br /></p><p>Boy that really took me a long time lol. I was very invested in it <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="SorenCoins, post: 4788813, member: 73708"]Funny post. I never would have thought of that. This is the perfect interview-style question where an employer would want to see the path of logic you follow, even if it wasn't possible to know the actual answer. There are about 328.2 million people in the USA. I am going to go on a limb here, and say that 3/4ths (75%) of the population heard about the 50 State Quarters Program on the news or were aware of it in someway. I assume that the announcement of the 50 State Quarters Program was probably the biggest coin-related news the public had seen, and will see in a long time, but let's just say that 75% of the population has heard some coin-related news in the paper or on TV, be it 1943 copper cents being found or new quarter designs. This is probably the biggest factor in pulling in new collectors. So, 75% of the population has heard coin-related news. I will assume that about 30% of the population actually cared about that news (a few percent were probably already collecting, such as if their parents had gotten them interested). Out of that 30% group, I would say that 10% of that 30% would not have found anything interesting, or got frustrated, and gave up. That leaves about 20% of the population of the USA that began collecting after hearing the news. We will count them as collectors. Now to plug in the numbers: [B]Total population of the USA- 328.2 million. [/B] 0.75 * 328.2 million = 246.15 million. [B]Number of people who've heard about coins on the news- 246.15 million. [/B] 0.30 * 328.2 million = 98.46 million. [B]Number of people who really cared about the coin-related news- 98.6 million. [/B] 0.2 * 328.2 million = 65.64 million. [B]Number of people who found something or remained interested and became collectors- 65.64 million. [/B] I would bet that around 75% of the people who became collectors became somewhat serious collectors (more than just a few coins). 0.15 * 328.2 million = 49.23 million. [B]Number of people who grew to become moderately serious collectors- 49.23 million. [/B] With that I estimate about 40-50 million people collect coins in the United States. This does not surprise me; people are fascinated with money, it's really interesting. Now this, as you can see (if you've actually read this far), is a lot of speculation, but it does follow some logic. Boy that really took me a long time lol. I was very invested in it :)[/QUOTE]
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