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"One Man's Trash is Another man's Treasure" : WORST Junk Silver Quarters
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<p>[QUOTE="Juan Blanco, post: 1558788, member: 41665"]<span style="color: #222222"><font face="Verdana">Coincast-</font></span></p><p><span style="color: #222222"><font face="Verdana">That thread hints at some of the issues I'm looking at - I'll raise a few openly. Different coins wear at slightly different rates - not only for field and depth but perhaps variations in planchet purity. (For example, the 'overweight' character of 1963/4 Roosevelt Dimes.) And then, in different years, certain coins may have circulated more (or less) based on various (possibly unknowable) factors: scarcity of Dimes, fewer transaction with Dimes, etc. All that influences bag-weight, to be sure. I am surprised no one in that thread simplified the 'quantifiable sample' issue, since the buying & selling of $1K face bags is common. </font></span></p><p><span style="color: #222222"><font face="Verdana"><br /></font></span></p><p><span style="color: #222222"><font face="Verdana">For example, in a $1k FB of 90/10 Ag Quarters (4,000)if only SLQs &Washingtons there should be <b>by mintage:</b></font></span></p><p><span style="color: #222222"><font face="Verdana"><b><br /></b></font></span></p><p><span style="color: #222222"><font face="Verdana"><b></b>1964D: ~705</font></span></p><p><span style="color: #222222"><font face="Verdana">1964: ~560</font></span></p><p><span style="color: #222222"><font face="Verdana">1963D: ~135</font></span></p><p><span style="color: #222222"><font face="Verdana">1963: ~70</font></span></p><p><span style="color: #222222"><font face="Verdana">1962D: ~125</font></span></p><p><span style="color: #222222"><font face="Verdana">1962: ~35</font></span></p><p><span style="color: #222222"><font face="Verdana">....</font></span></p><p><span style="color: #222222"><font face="Verdana">1930: ~5</font></span></p><p><span style="color: #222222"><font face="Verdana">1929: ~10</font></span></p><p><span style="color: #222222"><font face="Verdana">1927: ~10</font></span></p><p><span style="color: #222222"><font face="Verdana">(and so on)</font></span></p><p><span style="color: black"><font face="Verdana"><br /></font></span></p><p><span style="color: black"><font face="Verdana"><br /></font></span></p><p><span style="color: #222222"><font face="Verdana"><br /></font></span></p><p><span style="color: #222222"><font face="Verdana">No. Excluding any pitted, clipped, gouged, etc. rejects, there are more than enough coins of the first five dates (above) to establish<i> true tolerance</i> and quintile cohorts by weight. 1:Mint/Uncirculated 2: Very Light Wear (XF-AU grades), 3: Worn("F"), 4: Very Worn("VG" -"G"), 5: Heavily Worn (Junk). Quintiles would conclusively show the strong correlation of weight with wear and <i>not only for heavily worn coins</i>. Loss is loss, wear is wear ... so a typical coin will experience abrasion of use (time it circulates) even if imperceptible to weak eyes. Statistically speaking, many "Uncirculated" <i>were </i>circulated (just 'better preserved' by chance) and - on closer inspection and more rigorous standards, those so-calleds <i>should & will </i>weigh towards the lower end of the First Quintile. They've lost mass in transit. In ~100 or so of the same date/best condition coins, this should become obvious, on the scale. What's more, before a panel of experts the ten or so lowest weight and so-called "Uncircs" would probably <u>also</u> become the most debatable on condition - in other words, not really "Uncirculated". (I wonder "How many fake 1964D's are out there?") As a myriad of bogus eBay sellers demonstrate, "Uncirculated" is often just a make-believe label, the hustler's pecuniary bias. </font></span></p><p><span style="color: #222222"><font face="Verdana"><br /></font></span></p><p><span style="color: #222222"><font face="Verdana">'Light coins' are <i>worn</i>, to belabor the obvious. And no one should be fleeced by any marketing con: lower grade US 20[SUP]th[/SUP] Ag coins are numismatically poor "investment." Just throw 'em on the scale.</font></span></p><p><span style="color: #222222"><font face="Verdana"><br /></font></span></p><p><span style="color: #222222"><font face="Verdana">Comparing median and average <i>quintile coin-weights</i> for respective years should reveal wear-rates for the Quintiles by Year. Or, the difference between two Years' Median 'Worn' is effectively a 12 Month wear-rate for that mintage. I estimate it's ~ -0.11895% and -0.14539% per year for Washington Quarters, Light to Heavy-Wear: that's the multiplier(s) I'm trying to refine. It may sounds silly <i>per coin</i>, but for a purported "715 ounce bag" that's REALLY only ~665 oz., aggregate loss from annual wear takes an enormous toll. Yet every vendor still claims his is a "715 ounce Face-Bag," hmmm.... Buyer beware. </font></span></p><p><span style="color: #222222"><font face="Verdana"><br /></font></span></p><p><span style="color: #222222"><font face="Verdana">More importantly to my point, coin-wear IS quantifiable, particularly after accurately factoring true tolerance in real samples of the same-same. It just wants for data.</font></span>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1558788, member: 41665"][COLOR=#222222][FONT=Verdana]Coincast- That thread hints at some of the issues I'm looking at - I'll raise a few openly. Different coins wear at slightly different rates - not only for field and depth but perhaps variations in planchet purity. (For example, the 'overweight' character of 1963/4 Roosevelt Dimes.) And then, in different years, certain coins may have circulated more (or less) based on various (possibly unknowable) factors: scarcity of Dimes, fewer transaction with Dimes, etc. All that influences bag-weight, to be sure. I am surprised no one in that thread simplified the 'quantifiable sample' issue, since the buying & selling of $1K face bags is common. For example, in a $1k FB of 90/10 Ag Quarters (4,000)if only SLQs &Washingtons there should be [B]by mintage: [/B]1964D: ~705 1964: ~560 1963D: ~135 1963: ~70 1962D: ~125 1962: ~35 .... 1930: ~5 1929: ~10 1927: ~10 (and so on)[/FONT][/COLOR] [COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=#222222][FONT=Verdana] No. Excluding any pitted, clipped, gouged, etc. rejects, there are more than enough coins of the first five dates (above) to establish[I] true tolerance[/I] and quintile cohorts by weight. 1:Mint/Uncirculated 2: Very Light Wear (XF-AU grades), 3: Worn("F"), 4: Very Worn("VG" -"G"), 5: Heavily Worn (Junk). Quintiles would conclusively show the strong correlation of weight with wear and [I]not only for heavily worn coins[/I]. Loss is loss, wear is wear ... so a typical coin will experience abrasion of use (time it circulates) even if imperceptible to weak eyes. Statistically speaking, many "Uncirculated" [I]were [/I]circulated (just 'better preserved' by chance) and - on closer inspection and more rigorous standards, those so-calleds [I]should & will [/I]weigh towards the lower end of the First Quintile. They've lost mass in transit. In ~100 or so of the same date/best condition coins, this should become obvious, on the scale. What's more, before a panel of experts the ten or so lowest weight and so-called "Uncircs" would probably [U]also[/U] become the most debatable on condition - in other words, not really "Uncirculated". (I wonder "How many fake 1964D's are out there?") As a myriad of bogus eBay sellers demonstrate, "Uncirculated" is often just a make-believe label, the hustler's pecuniary bias. 'Light coins' are [I]worn[/I], to belabor the obvious. And no one should be fleeced by any marketing con: lower grade US 20[SUP]th[/SUP] Ag coins are numismatically poor "investment." Just throw 'em on the scale. Comparing median and average [I]quintile coin-weights[/I] for respective years should reveal wear-rates for the Quintiles by Year. Or, the difference between two Years' Median 'Worn' is effectively a 12 Month wear-rate for that mintage. I estimate it's ~ -0.11895% and -0.14539% per year for Washington Quarters, Light to Heavy-Wear: that's the multiplier(s) I'm trying to refine. It may sounds silly [I]per coin[/I], but for a purported "715 ounce bag" that's REALLY only ~665 oz., aggregate loss from annual wear takes an enormous toll. Yet every vendor still claims his is a "715 ounce Face-Bag," hmmm.... Buyer beware. More importantly to my point, coin-wear IS quantifiable, particularly after accurately factoring true tolerance in real samples of the same-same. It just wants for data.[/FONT][/COLOR][/QUOTE]
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"One Man's Trash is Another man's Treasure" : WORST Junk Silver Quarters
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