Really, I am just wasting my time because I'm upset that I didn't find any silver quarters. If I look at my data on pennies, it doesn't reflect that. What if I find a 1963 quarter? Or a 1962 quarter? I could integrate the probability function over all ages from infinity to 1964 - or I could just do it as a super simple python program.įor years up to age 60, this gives a probability of 0.337 to find a coin that is from 1964 or earlier. This means that of all coins, there is a 0.029 chance of finding a 1964 quarter.īut wait. From my coin data above, 0.7273 of all coins are pre-1999. Of course, this assumes all of my quarters are before 1999. I would just put in an age of 34 (remember, this is measured from the year 1998). From this, I can get a probability of finding a 1964 quarter. Table based on Septemclose base metal prices: Copper 4.1008/lb 0.0560. A coin that is over 100 in this category has more base metal value than purchasing power. Here P is the probability and t is the age of the coins in years. The 'Metal of Face Value' column represents the percentage of metal that comprises the denominations purchasing power. Copper alloys, beyond being infinitely recyclable, may offer different colours depending on the percentage content and other metals. Can I use this to get a probability distribution for different years? Of course I can, but will it be any good?
Let me use the pennies and nickels as an example of a non-looted sample of coins. This might be sort of a stretch in terms of modeling, but here's what I'm going to do. Suppose that no one even knew that older quarters and dimes were mostly silver such that they would still be in circulation. I suspect that they take these older coins out of circulation when they find them. Yes, by "people" I mean both normal humans and other things like banks and the US government. What does this tell me? It tells me that if people weren't hoarding the silver coins, I should expect to find at least a few silver quarters and dimes. You can see from the data (especially since the graph is on Plotly) that there are about the same number nickels and pennies from 1960-64 and from 64-70. Maybe that isn't crazy, but just surprising (and cool). The half dollars listed here are worth at least 3-1/2 times face value 3. See which Kennedy half dollars and others you should be looking for, along with their current values. What's crazy about this? I found TWO 1911 pennies. Silver half dollars (1970 and earlier) are valuable for their silver content alone. Contact us for an exact offer.This content can also be viewed on the site it originates from. Proof coins do sell for premiums over regular issues. If you don’t see a W, then you have a regular strike. Collectors refer to proofs as 2014-W ASEs. Proofs have a small W under the left hand side of the eagle on the back of the coin. You can tell if you have a proof coin by checking for a mintmark. Proof coins were struck for the 2014 American Silver Eagle series. The back, which is also called the reverse, has an eagle, shield, and 13 stars. The front (or obverse) of the coin pictures a female with the sun behind her. Fine Silver One Dollar | The design is fairly simple. As an example, if the silver spot price is $20, then we will pay $20 per coin.Įach one dollar coin has the following text: 2014 – LIBERTY – In God We Trust – United States Of America – E Pluribus Unum – 1 OZ. For the record, we pay the current spot price for non-proof American Silver Eagles. Because of that silver content, each regular issue 2014 $1 silver coin usually trades for around $2 above or below the current price of an ounce of silver depending on if you are buying or selling. All 2014 American Silver Eagle coins have one ounce of pure silver in them.
coins actually contain a decent amount of silver. (Obviously, there are special coins that are pure silver. When we say silver coins we are talking about coins that are partially silver, consisting of silver and some other metal. These coins, because they contain a precious metal. However, these are bullion coins, which means that they have a precious metals content. My son did a little research and discovered that several commonly used and not super rare U.S. An American Silver Eagle, also called an ASE by some collectors, is a bullion coin produced by the U.S.