As the title says, id like to know how long a CLAD coin or nickel, circulates (under absolutely average wear conditions) before it wears down to AU, VF, XF, VF, F, VG, G, AG, FR, PO. Obviously this will depend in the composition of the coin, as nickle is harder than copper, and clad coins are generally harder than silver, so please pick a denomination, and post! As of recently ive been really paying attention to the 1960s clad coinage i find in my change, and i keep seeing quarters in VG-F, Dimes in F-VF cents in XF(ish). And so my curiosity has peaked. We are nearly 55 years into the clad era, what condition are these surviving coins in?
I have 4,000 clad Washington Quarters from 1965 to 1998 and all varies from AU to G. Definitely less in the higher grades recently. Lately, I see them from G to F. Edited: Between 5-10 years.
What I have noticed since I started collecting again is that the State Quarters and ATB shows a lot of early deterioration in compare with Washington Quarters. Their detail design subjected them to easily wear and tear sooner than Washington Quarters. They have more detail high and lower points of design forced them to modify their metal composition which contributed to early deterioration.
I am often surprised at how well glad coinage holds up. I plucked a bicentennial quarter from my change just today and found it to be in exceptional shape for its years of service...... I’ll have to say cents wear much more rapidly than other coinage simply because they circulate more.
As mentioned above with the statehood quarters, most of them from 1999 that i come across are in horrid shape, same with post 82 lincoln cents. Just yesterday i got a 1996 cent that was almost unrecognizable. And as for bicentennial quarters most of the ones i find here in NYC are in pretty decent shape too, likely released into circulation more recently from a hoard or collection or something along those lines. From what I've been seeing here (sample size of 2500 or more): 1960s Quarters: VG-F Dimes: VF Nickels: VF-XF Cents: XF (+/-) 1970s Quarters: VF (+/-) Dimes: XF Nickels: XF Cents (XF - MS) 1980s Quarters: XF -AU Dimes: XF - AU Nickels: XF-AU Cents: (pre 83)VF-AU (post) VG-MS (mostly corroded) If i had to make an educated observation based on this sample group i would say: 1-2 years coins drop to AU from MS 2-10 years AU to choice XF 10-20 years XF to choice VF 20-30 years high VF to low VF 30-40 years VF to F 40-55 years F- VG But NYC change sees alot of heavy use, and large numbers are corroded, or otherwise damaged. From what you guys find elsewhere in the country is my sample accurate? Would you say my scale is accurate? Things like this keep me up at night lol
As soon as a coin hits the register more than once it is more than likely in Au condition. There is no way to judge by time how a coin, even on average circulates. What I do know is that it doesn't take more than a pocket for it to become circulated.
Their mintage in Billions attributed to their high circulation and also thier usage to solve fractional transactions.
In regard to the time issue, I've posted pics of this coin probably a 100 times because it serves as a good example in all kinds of discussions. It took 7 years of daily use and rough treatment, 7 days a week, for that coin to reach that condition. And that coin had several predecessors, all a 1 oz AGE, that underwent the same treatment over various periods of time. And the wear pattern was always consistent time wise. Now some say but that's gold so it's different, but it isn't really. Coinage gold is quite similar to other metals when it comes to wear, it's no where near as soft as people think it is. It actually wears very well. But even if you think other metals are harder, it's still useful because it at least gives you an idea of how much time it takes for a coin to accumulate a certain degree of wear. But yeah you do have to extrapolate and infer some things. For example, as I said that coin underwent wear 7 days a week for 7 years - in my pocket with at least 4 quarters and a pocketknife. Now most coins don't experience that, most coins will have various periods, some short some long, where they just sit around someplace not being moved and experiencing additional wear. So that 7 years may easily double, or triple, for other coins. And if you consider that well it falls right in line the mint's estimate that an average coin last for about 25 years.
When the mint says a coin lasts about 25 years (im assuming that means circulating, and without a period of interruption) thats an interesting statement. It makes me wonder what grade on the sheldon scale a coin reaches at the end of its lifespan, before the mint considers it dead. Im guessing probably AG or FR before it is deemed unrecognizable.