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topeka
Penny Pincher Member
160 Posts |
 Posted - 04/19/2008 : 12:37:22
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From what I am able to gather the sorting percentages around the country vary from about 17-35%. Is there a simple reason for this wide difference?
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Silver..poor mans gold
Copper..peasant silver |
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psi
Penny Collector Member
Canada
399 Posts |
Posted - 04/19/2008 : 19:01:41
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| Might have a lot to do with how many people are sorting in a given area.. also, places with older populations might tend to have older coins going back to the banks. |
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Centsearcher
Penny Pincher Member
USA
107 Posts |
Posted - 04/19/2008 : 21:33:37
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| Many factors change percentages in certain regions, so the answer to your question is no, there is no simple reason. Factors such as other hoarders, simple circulation, and plain old dumb luck fluctuate rapidly, which prevents any kind of accurate analysis of a region. A region with a low percentage today may have a high percentage tomorrow, and vice-versa. |
--Misplaced Numismatist--
Democracy: The only system where any two idiots can out-vote a genius
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 04/19/2008 : 21:40:17
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| I agree with the reasons above. Also, some people feel that Brinks or some other commercial operation is sorting out the coppers in their area. I see alot of stories where people are getting boxes of all zincs or very, very low copper yields. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Nickelless
Administrator
USA
5580 Posts |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 04/20/2008 : 04:05:22
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The Mint says coins last about 30 years. In reality that means they all get hoarded or lost in about 30 years. Imagine a football field filled with school buses. Fifty of them. Now imagine they are not school buses, they are stacks of pennies. Ten billion pennies. That is how many pennies the Mint makes every year. And one thirtieth of that number disappear every year.
So it has been almost thirty years since they stopped making copper pennies, and they have been making ten billion zinc pennies every year since then. Of course the percentage of coppers is dropping, but it will remain high in areas where not many tourists pass through. Go to a little bank in a small town and maybe your percentage will be higher. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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topeka
Penny Pincher Member
160 Posts |
Posted - 04/20/2008 : 08:07:05
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| Is it agreed that (in general) big cities have lower copper percentages? |
Silver..poor mans gold
Copper..peasant silver |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 04/20/2008 : 09:42:03
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Nickeless Writes: Are there really enough people sorting pennies around the country to have a significant impact on copper percentages?
I've started getting back my own marked zincs. Yes, it does make an impact on how many people are sorting in your area.
You must be logged in to see this link. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 04/20/2008 : 10:32:29
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quote:
Originally posted by Tourney64
Nickeless Writes: Are there really enough people sorting pennies around the country to have a significant impact on copper percentages?
I've started getting back my own marked zincs. Yes, it does make an impact on how many people are sorting in your area.
You must be logged in to see this link.
Now that has to be disheartening and frustrating. Tourney, are you in a rural or metropolitan area? |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 04/20/2008 : 11:09:21
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quote:
Originally posted by topeka
Is it agreed that (in general) big cities have lower copper percentages?
I have thought about this and was thinking that income levels might have something to do with it.
The higher the incomes levels the more likely people just throw pennies in a jar. That would mean the banks would have to order new pennies over recycling older ones. Over time this would increase % of newer pennies. Population growth would also increase newer % as people would need change.
Just by mintage numbers the population should be around 30% and go down every year. People pulling out/losing change is what makes it go lower.
-SWUSC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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Why such a difference?
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