Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
PCGS estimated survival rates
>
Reply to Thread
Message:
<p>[QUOTE="calcol, post: 3473733, member: 77639"]Many early 19th century or even mid-19th century coins that had mintages in the hundreds of thousands or millions have estimated survival rates of less than a thousand. The main reason is coin collecting was an uncommon hobby then. For almost everyone back then, coins were lumps of metal for commerce. The designs stamped on them were to indicate weight and purity. Banks would exchange worn older ones for newer with the older eventually melted. No big deal for jewelers, bullion dealers, etc. to melt silver or gold coins. They were only concerned with the metal content.</p><p><br /></p><p>Unless coins are preserved out of the grasp of humans by being underground or under water, there will be attrition. It's just a question of how fast. Good chance 2019 Lincoln cents in their current billions will be great rarities in 3019. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 3473733, member: 77639"]Many early 19th century or even mid-19th century coins that had mintages in the hundreds of thousands or millions have estimated survival rates of less than a thousand. The main reason is coin collecting was an uncommon hobby then. For almost everyone back then, coins were lumps of metal for commerce. The designs stamped on them were to indicate weight and purity. Banks would exchange worn older ones for newer with the older eventually melted. No big deal for jewelers, bullion dealers, etc. to melt silver or gold coins. They were only concerned with the metal content. Unless coins are preserved out of the grasp of humans by being underground or under water, there will be attrition. It's just a question of how fast. Good chance 2019 Lincoln cents in their current billions will be great rarities in 3019. :) Cal[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
PCGS estimated survival rates
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...