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ODDS - 1 in 9 to 1 in 16 (my numbers are in debate) - Yes, another Kennedy (& UHR) Related Thre
MsMorrisine
Posts: 39,505 ✭✭✭✭✭
the first Kennedy coin sold was a 70!
the first UHR graded was a 70!
what are the odds in that?
I can't wait for the next "first (gold) coin" sold at the next show to be graded.
the first UHR graded was a 70!
what are the odds in that?
I can't wait for the next "first (gold) coin" sold at the next show to be graded.
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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Just think what that label would bring on ebay!
<< <i>the first Kennedy coin sold was a 70!
the first UHR graded was a 70!
what are the odds in that?
I can't wait for the next "first (gold) coin" sold at the next show to be graded. >>
This cannot be a "serious" question.
The name is LEE!
trying to squeeze in posts before the shutdown. never know, it may never come back up. tomorrow is promised to .....
.
<< <i>.
trying to squeeze in posts before the shutdown. never know, it may never come back up. tomorrow is promised to .....
. >>
Few things are certain. Thank goodness.
Eric
<< <i>
<< <i>the first Kennedy coin sold was a 70!
the first UHR graded was a 70!
what are the odds in that?
I can't wait for the next "first (gold) coin" sold at the next show to be graded. >>
This cannot be a "serious" question. >>
why can't it be a serious question?
(answered in title)
<< <i>the first Kennedy coin sold was a 70!
the first UHR graded was a 70!
what are the odds in that?
I can't wait for the next "first (gold) coin" sold at the next show to be graded. >>
As these events have already taken place, the odds are 100%.
The time to ask a hypothetical is before the events, not after.
The answer is 100%? or 1 in 4?
The question was rhetorical as it was answered in the title (jeopardy formatting here -- answer first then the question), but yes, the OP is serious.
<< <i>the first Kennedy coin sold was a 70!
the first UHR graded was a 70!
what are the odds in that?
I can't wait for the next "first (gold) coin" sold at the next show to be graded. >>
The UHR ended up having 49% 70's. West Point (lately) has been pressing gold to about 70% MS/PF-70.
The odds are actually better than 1 in 9. More along the lines of 1 in 4 or better.
(And you don't know the mint didn't cherry pick coins for the show. It'd look pretty bad if they sold a scratched up one at the ANA, which could be why they sold less than 500 every day.)
Thanks for pointing me to do that.
Pops for the 24k gold will be checked.
As for cherry picking. I know those guys. They are quality driven up to it being safe in the box. Outside of good processes, they are grade agnostic, they wouldn't know a 69 from a 70 and wouldn't spend the money to further weed the the few 68s and lower from thousands of coins.
<< <i>19Lyds flips a coin twice and it is heads-heads. What are the odds of this outcome?
The answer is 100%? or 1 in 4?
The question was rhetorical as it was answered in the title (jeopardy formatting here -- answer first then the question), but yes, the OP is serious. >>
It's one in four before the flipping. !00% after. (Same equation- same answers each time.)
Now… you set up a wager to flip a coin twenty times in a row. You state it'll land heads each and every time. What if you flip that coin and it lands heads 19 times in a row and now you're all set for that twentieth flip? What are the odds it's going to land heads on that last and final flip?
If you state it in advance- state it'll land heads 20X's in a row the odds are astronomically against you! Yet… on that last and final 20th flip? The odds are 50/50 it'll land on heads.
PCGS Certifies First Six Gold Proof Kennedy Half Dollars
August 5, 2014 By Coin Update Leave a Comment
Professional Coin Grading Service (PCGS) has certified the first six dual-dated 1964-2014 Gold Proof Kennedy Half Dollars sold on the opening morning of the American Numismatic Association 2014 Chicago World’s Fair of MoneySM. The first four were each graded PCGS PR70 DCAM, and the other two were graded PCGS PR69 DCAM. PCGS also is receiving submissions of other gold Kennedy proof half dollars purchased by determined buyers.
<< <i>Talk about odds. Pcgs graded the first six coins and # 1 thru # 4 were 70's and # 5 & # 6 were 69's >>
I've had primo subs that went like that
I have had more subs where I cherry picked and still went 0 for on 70s.
The overall point still has merits despite issues with my numbers. The more "first (gold) coins" graded at 70, the less likely it is for it to have happened.
<< <i>
<< <i>19Lyds flips a coin twice and it is heads-heads. What are the odds of this outcome?
The answer is 100%? or 1 in 4?
The question was rhetorical as it was answered in the title (jeopardy formatting here -- answer first then the question), but yes, the OP is serious. >>
It's one in four before the flipping. !00% after. (Same equation- same answers each time.)
Now… you set up a wager to flip a coin twenty times in a row. You state it'll land heads each and every time. What if you flip that coin and it lands heads 19 times in a row and now you're all set for that twentieth flip? What are the odds it's going to land heads on that last and final flip?
If you state it in advance- state it'll land heads 20X's in a row the odds are astronomically against you! Yet… on that last and final 20th flip? The odds are 50/50 it'll land on heads. >>
I can live with that analysis.
Yes, the next coin has the same individual sub odds. The run of firsts has increasingly lower odds, even if my numbers are wrong in the title.