When they find a guy hauling thousands of bags of nickels out of his truck into the Coinstar machine at the local grocery store, I think they might have the man they're looking for.
He could seriously be in danger though, I hope he is found safe and unharmed.
Scott Hopkins -YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.
Well, if he is enroute to Cuba, I hope his boat springs a leak and sinks. That way, collectors hundreds of years from now can enjoy "rare gems from a shipwreck". On second thought, I'm not sure how those nickels will hold up in salt water?
I'm the Proud recipient of a genuine "you suck" award dated 1/24/05. I was accepted into the "Circle of Trust" on 3/9/09.
The three and a half million coins would not have been a random sample of what's being produced by the mint. All of these coins would have been struck by no more than a couple dozen die pair so it's entirely possible that there wasn't a single pop- top in the bunch. There may also have been a couple hundred. Like all modern coins though, the greatest probability is that they will turn up in circulation and be slowly ground flat until each is individually lost or destroyed. In all probability it really doesn't matter how many pop-tops were in this bunch.
Here is a related question, Cladking. If these were typical circulation strike coins, in fresh rolls/bags from the mint, on a percentage basis, what would the grade distribution look like?
<< <i>Here is a related question, Cladking. If these were typical circulation strike coins, in fresh rolls/bags from the mint, on a percentage basis, what would the grade distribution look like? >>
I have no idea. Frankly I'm not sure I could answer the question for a date I'm extremely familiar with because I've looked at no more than a couple hundred rolls of most dates which does not constitute a sample. In fact in the thousands of rolls I've looked at I've seen very few coins which I'd even consider gems and these tend to be common dates.
A typical mint set nickel though might be a '74-P. Of these about 65% will be MS- 63 or lower, 30% will be MS-64, 4% will be MS-65, and less than 1% higher. A fully struck gem might appear in about every 1500th set but I've not seen enough to be confident in the sample and a fully struck gem '74 is not nearly as nice as a fully struck gem 1980-D.
From reports of those who do study the rolls I'd guess a good sample of 3,500,000 brand new nickels from the Philly mint would contain 25 or 30 pop tops. Again, though, this is highly speculative and does depend on having a good sample.
the better possibility than trying to spend/somehow redeem $180K in Nickels would be to melt them and cash out like that. remember, it's all free, so whatever it costs to melt and whatever they lose at a discount rate is still profit.
Comments
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
Probably not hard to do. Have a buddy in an empty trailer meet you somewhere secluded, and move the coins from trailer to the next.
He could seriously be in danger though, I hope he is found safe and unharmed.
-YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.
My Ebay!
being produced by the mint. All of these coins would have been struck by no more
than a couple dozen die pair so it's entirely possible that there wasn't a single pop-
top in the bunch. There may also have been a couple hundred. Like all modern coins
though, the greatest probability is that they will turn up in circulation and be slowly
ground flat until each is individually lost or destroyed. In all probability it really doesn't
matter how many pop-tops were in this bunch.
<< <i>Here is a related question, Cladking. If these were typical circulation strike coins, in fresh rolls/bags from the mint, on a percentage basis, what would the grade distribution look like? >>
I have no idea. Frankly I'm not sure I could answer the question for a date I'm
extremely familiar with because I've looked at no more than a couple hundred
rolls of most dates which does not constitute a sample. In fact in the thousands
of rolls I've looked at I've seen very few coins which I'd even consider gems and
these tend to be common dates.
A typical mint set nickel though might be a '74-P. Of these about 65% will be MS-
63 or lower, 30% will be MS-64, 4% will be MS-65, and less than 1% higher.
A fully struck gem might appear in about every 1500th set but I've not seen
enough to be confident in the sample and a fully struck gem '74 is not nearly as
nice as a fully struck gem 1980-D.
From reports of those who do study the rolls I'd guess a good sample of 3,500,000
brand new nickels from the Philly mint would contain 25 or 30 pop tops. Again, though,
this is highly speculative and does depend on having a good sample.
i think this is called attrition.
al h.