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<p>[QUOTE="cladking, post: 1930227, member: 68"]Yes.</p><p> </p><p>But the zinc production makes the estimate of attrition of the coppers nearly meaningless without a lot more data. You found 48% of 1961 P&D cents are missing from the universe of copper coins but, I suspect, it's a much larger percentage of the original mintage that's missing. </p><p> </p><p>To get an estimate of the %age of original mintage missing you'll need to understand the universe of zinc pennies. Once you know the attrition rate on them (and it won't be even) you can get an estimate of the size of the universe of all cents in circulation and then can estimate the percentage of all 1961 cents surviving. I suspect it's only about 25% and it would be even lower than this except that penny velocity has become so incredibly low. In 1961 a penny would be spent about five times a month but now it's barely five times a year. It's less likely to be lost sitting in a coffee can.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1930227, member: 68"]Yes. But the zinc production makes the estimate of attrition of the coppers nearly meaningless without a lot more data. You found 48% of 1961 P&D cents are missing from the universe of copper coins but, I suspect, it's a much larger percentage of the original mintage that's missing. To get an estimate of the %age of original mintage missing you'll need to understand the universe of zinc pennies. Once you know the attrition rate on them (and it won't be even) you can get an estimate of the size of the universe of all cents in circulation and then can estimate the percentage of all 1961 cents surviving. I suspect it's only about 25% and it would be even lower than this except that penny velocity has become so incredibly low. In 1961 a penny would be spent about five times a month but now it's barely five times a year. It's less likely to be lost sitting in a coffee can.[/QUOTE]
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