Message:

<p>[QUOTE=&quot;GDJMSP, post: 1183176, member: 112&quot;]I think it&#039;s pretty easy to understand when you consider the minting process. Consider - </p><p><br /></p><p>The coins are being minted and are being dumped into a hopper. Before the hopper in use is completely full, the dies are changed (the error dies are now in use), and the minting continues. That hopper goes away and a new one takes its place and it is being filled. This hopper contains nothing but the error.</p><p><br /></p><p>It&#039;s then that an employee does his spot check and notices the error. All of those coins go to scrap heap and are melted.</p><p><br /></p><p>So the only error coins to escape are the few that got out in previous (almost full) hopper. And it is from among that small selection, even if it was a few thousand coins, that the known errors are found. And since the few thousand errors are mixed in a hopper with hundreds of thousands of non-error coins, and since at that time coins were issued in bags of $1000 face value, maybe only 1 or 2 errors is in each bag. And of those only select few are ever even noticed. The rest get eaten up by circulation and are never noticed.</p><p><br /></p><p>Yeah there may be a few still out there laying in a drawer or somebody&#039;s penny jar. But that&#039;s likely right where they&#039;ll stay until they too eventually get eaten up by cicruclation, never to be noticed.</p><p><br /></p><p>Chance is the answer. It was pure chance when the dies were changed. It was pure chance when the hopper was changed. It was pure chance when an employee noticed the error. And it was pure chance when any given coin was noticed. Any of the four circumstances greatly limits the number of coins found. And if two or more of the circumstances occurred sequentially the number to be found is reduced exponentially.[/QUOTE]</p><p><br /></p>

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