Population Fractions - What do they mean?

Discussion in 'Paper Money' started by funkee, May 15, 2014.

  1. funkee

    funkee Tender, Legal

    Hey all

    Forgive me for my newb question, but I'm not sure I understand population fractions that I often see, such as 1/0 or 2/6. I tried Google but didn't find any useful information.

    Does the numerator (first number) indicate how many coins or notes exist in that grade? What about the denominator (second number)? Does that refer to the number of coins or notes in all higher grades? That's my suspicion but I can't find any reference or website to confirm it.

    Thanks!
     
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  3. SteveInTampa

    SteveInTampa Always Learning

    Your suspicions are correct. The first number is a count of coins/notes in that grade, and the second number indicates a count of coins/notes in a higher grade.
     
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  4. non_cents

    non_cents Well-Known Member

    Exactly...for instance, if I have a coin with a pop of 2/3, that means that there are 2 total coins stabbed in that grade with 3 noted in higher grades. At least I think that's how it works. :)
     
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