Although it was not every day even to find a buffalo nickel in change in 1970, I am guessing they were still found every once in a while (two to three times per year) in pocket change from retail stores. Once again, this is only a guess.
I found not one, but two buffalo nickels and a single silver dime in change in 2015, and that's normal pocket change, not bank finds. Wheat cents popped up several times last year, including a bizarre 1924 that I found with the reverse ground off.
Originally posted by: BillJones Coin collecting really got started on decent scale in 1857 with end of the large cent, not 1890. I doubt if you would have found any early U.S. Coins in circulation almost 100 years after they were issued. No pre 1834 gold would have found because of their high gold content. Classic Head gold coins and Bust half dollars were to found in bank vaults because of their use for reserve purposes.
They rest of your assumptions are probably good.
I think that large cents would have lost favor in the pocket as soon as small cents were easily available, probably most were lost from circulation to the the glass jar on the window sill.
I started noticing coins around 1953 when I was 8 years old. Mercury dimes and Walkers were very common in circulation. SLQs were rare and any that showed up were very worn. Never saw a Barber coin in circulation. Buffalo nickels were common. Silver dollars didn't circulate very much, but banks had them. Indian head pennies once in a while. Maybe 1 in 500 pennies.
I never found a SLQ in circulation but then,as a YN,wasn't looking for quarter dollars for a collection either. Received a Barber dime in change in 1971 (1911,VF which I still have).Banks did have silver dollars available in the early '60's.Once I traded my dollar bill for a real nice 1934-S dollar at the bank, in year 1963 or 1964.The coin was a lustrous AU and had not been cleaned or whizzed. I Couldn't afford to keep it for my collection and eventually spent it,however.
Whoever is careless with the truth in small matters cannot be trusted with important matters.
Large cents were not legal tender until 1965. If you had them between 1857 and 1861 you could redeem them for small cents. After that you would have to sell them as scrap or sell them to collectors.
Interesting side note: It appears that a dealer or dealers at the time (1857-1861) may have offered the Mint a premium over face value for all the 1793 cents that came in for recoinage. This theory is based on the high survivability ratio for low grade 1793 cents over other years. This idea was presented at the EAC meeting a few years ago.
Comments
Anybody else pick up gold for face.
Although it was not every day even to find a buffalo nickel in change in 1970, I am guessing they were still found every once in a while (two to three times per year) in pocket change from retail stores. Once again, this is only a guess.
I found not one, but two buffalo nickels and a single silver dime in change in 2015, and that's normal pocket change, not bank finds. Wheat cents popped up several times last year, including a bizarre 1924 that I found with the reverse ground off.
On the web: http://www.earlyus.com
common in circulation. SLQs were rare and any that showed up were very worn. Never saw
a Barber coin in circulation.
Buffalo nickels were common. Silver dollars didn't circulate very much, but banks had them.
Indian head pennies once in a while. Maybe 1 in 500 pennies.
Coin collecting really got started on decent scale in 1857 with end of the large cent, not 1890. I doubt if you would have found any early U.S. Coins in circulation almost 100 years after they were issued. No pre 1834 gold would have found because of their high gold content. Classic Head gold coins and Bust half dollars were to found in bank vaults because of their use for reserve purposes.
They rest of your assumptions are probably good.
I think that large cents would have lost favor in the pocket as soon as small cents were easily available, probably most were lost from circulation to the the glass jar on the window sill.
I never found a SLQ in circulation but then,as a YN,wasn't looking for quarter dollars for a collection either.
Received a Barber dime in change in 1971 (1911,VF which I still have).Banks did have silver dollars available in the early '60's.Once I traded my dollar bill for a real nice 1934-S dollar at the bank, in year 1963 or 1964.The coin was a lustrous AU and had not been cleaned or whizzed. I Couldn't afford to keep it for my collection and eventually spent it,however.
Whoever is careless with the truth in small matters cannot be trusted with important matters.
Interesting side note: It appears that a dealer or dealers at the time (1857-1861) may have offered the Mint a premium over face value for all the 1793 cents that came in for recoinage. This theory is based on the high survivability ratio for low grade 1793 cents over other years. This idea was presented at the EAC meeting a few years ago.