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Silver Loss from Wear on 90% Silver Coins (calculation)
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<p>[QUOTE="GDJMSP, post: 3360402, member: 112"]Nobody disputes that coins can lose weight due to wear over time. To me, the pertinent questions are how much weight over how much time. Phrased a bit differently, at what grade is it that a coin must be before loss of weight becomes significant enough to bring that coin out of specified weight parameters.</p><p><br /></p><p>An while the Treasury reports may be interesting, they are not even addressing that issue. Their entire purpose is merely to determine a rough guideline for the lifetime of coins, and to find out at what point a coin should be pulled from circulation and scrapped. And if one reads the guidelines the Treasury uses for when coins are pulled and scrapped, the descriptions they use pretty much define coins that are in the G or lower grades.</p><p><br /></p><p>In other words, the Treasury reports basically confirm everything I have said in this thread. Coins that would grade higher than G are put back into circulation because - 1, they have not lost enough weight to warrant be pulled from circulation, and 2, they are still readily recognizable enough for use in commerce.</p><p><br /></p><p>In the days of silver and gold coins - 1 and 2 applied. In the days of clad coinage only 2 applied.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3360402, member: 112"]Nobody disputes that coins can lose weight due to wear over time. To me, the pertinent questions are how much weight over how much time. Phrased a bit differently, at what grade is it that a coin must be before loss of weight becomes significant enough to bring that coin out of specified weight parameters. An while the Treasury reports may be interesting, they are not even addressing that issue. Their entire purpose is merely to determine a rough guideline for the lifetime of coins, and to find out at what point a coin should be pulled from circulation and scrapped. And if one reads the guidelines the Treasury uses for when coins are pulled and scrapped, the descriptions they use pretty much define coins that are in the G or lower grades. In other words, the Treasury reports basically confirm everything I have said in this thread. Coins that would grade higher than G are put back into circulation because - 1, they have not lost enough weight to warrant be pulled from circulation, and 2, they are still readily recognizable enough for use in commerce. In the days of silver and gold coins - 1 and 2 applied. In the days of clad coinage only 2 applied.[/QUOTE]
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Silver Loss from Wear on 90% Silver Coins (calculation)
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