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<p>[QUOTE=&quot;GDJMSP, post: 1565344, member: 112&quot;]This is where a book like the <i>Encyclopedia of US Gold Coins</i> comes in handy. The book provides total number of coins graded as well as discussing how common or uncommon it is to find coins in given grades.</p><p><br /></p><p>Looking at these things as compared to the mintage numbers for any given coin quickly shows you that as general rule gold coinage of any denomination was not used very much.</p><p><br /></p><p>And you also have to understand that a gold coin sitting in a cashiers tray in a bank is quickly transformed from MS to a circulated state just from the normal handling, counting and recounting that occurs in a bank. So a notable percentage of the extant coins, even though they are in circ grades, never actually, or rarely, saw use in commerce. To account for the percentage of gold coinage that saw use in actual commerce about all you have to do is to look at the population of the coins in grades below XF. </p><p><br /></p><p>And that number in almost all cases is quite low.[/QUOTE]</p><p><br /></p>

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