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Nice article on modern world coins
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<p>[QUOTE="cladking, post: 1928907, member: 68"]You probably know more about most of this stuff than I do. I had a friend try to spend DM coins a couple years back and wasn't able to get rid of any at all. She'd have needed to take them to a bank. </p><p> </p><p>The attrition of coins in circulation can be staggering. They simply get lost or destroyed in fires and floods. Lower denominations are most impacted and have about a 3% annual attrition but even large coins suffer misadventure. When they are redeemed the larger coins are redeemed in much larger percentages even relative to surviving numbers. People are much more likely to save a few 10p coins than a 5 M as a memento. If they find a coin later they just might toss it in the trash rather tan go to any effort to redeem it. </p><p> </p><p>I'd be pretty surprised if more than about 10% of large denominations survive. I'd guess that these survivors closely match what was in circulation when they were withdrawn. ie- They are heavily worn older coins and lightly worn recent dates. They are not "collector coins".[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1928907, member: 68"]You probably know more about most of this stuff than I do. I had a friend try to spend DM coins a couple years back and wasn't able to get rid of any at all. She'd have needed to take them to a bank. The attrition of coins in circulation can be staggering. They simply get lost or destroyed in fires and floods. Lower denominations are most impacted and have about a 3% annual attrition but even large coins suffer misadventure. When they are redeemed the larger coins are redeemed in much larger percentages even relative to surviving numbers. People are much more likely to save a few 10p coins than a 5 M as a memento. If they find a coin later they just might toss it in the trash rather tan go to any effort to redeem it. I'd be pretty surprised if more than about 10% of large denominations survive. I'd guess that these survivors closely match what was in circulation when they were withdrawn. ie- They are heavily worn older coins and lightly worn recent dates. They are not "collector coins".[/QUOTE]
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