Shake-N-Bake said:
Some die hard CRHers wont trade to complete sets but I am all for it. I have a dealer here in town that will trade me coin for coin in circulated grade for most coins, i had to add a few to get my 1939D nickel thou.
***ABOUT HOW MANY BOXES DO YOU THINK IT WOULD TAKE TO COMPLETE A SILVER DIME SET? Is one silver dime per box(CWI ROLLED) average.
Thanks,
Jason
I don't have a problem with trading to complete a set, but I wouldn't call it completed via CRH only. I just keep a separate record of what was found via CRH from what I own.
Granted I haven't done much trading either. My goal is not a single set , but a roll of each year/mintmark which makes it much more complicated as it takes awhile to have extras of any one variety.
As far as how long it would take to accumulate a silver dime set...here's a statistical analysis that will give some idea...
Step 1) Add up all the silver roosevelts that were ever minted (1946-1964). The total is 6,615,455,390.
Step 2) Divide the mintage of each variety by the total minted. The values will be the percentage of the total each variety represents.
Step 3) Find which variety has the smallest percentage (also the lowest mintage). For silver Roosevelts, that is the 1955 from Philadelphia.
Step 4) Divide all the percentages by the smallest percentage. This is will give you a statistical breakdown of how many of each variety will be found when you find the hardest one to find.
Step 5) Add up the totals of how many of each variety as determined in step 4. This will tell you approximately how many total silver roosevelts you will need to find to find a complete set.
As a result of the simple statistical analysis in steps 1 through 5, one would need to find approximately 516 silver roosevelts to complete a single set from CRH.
Of course my logic does not take into account a few of the more complex factors such as the slow loss of coins over time such that the 1946 is harder to find than the 1964 just because they have been in circulation longer.
It doesn't account for the distribution of different mintmarks in various parts of the country. East coast CRHers will struggle with low mintage San Francisco coins while west coast CRHers may struggle with low mintage Philadelphia coins.
It also does not take into account that a higher percentage of the lower mintage coins have probably been taken out of circulation over the years due to people collecting a single set which potentially could have a big impact. For example, if say 5,000,000 of each variety were removed from circulation due to collectors completing sets and the math in steps 1 through 5 were repeated, one would now need to find 814 silver roosevelts to complete a single set from CRH instead of just 516.
The last step of determining how many boxes would depend on your find rate. Assuming 1 silver roosevelt dime per box (ignoring mercs and other silver), the math becomes easy.
So in the unrealistic world where you only need 516 silver roosevelt dimes, you would need to search 516 boxes or $129,000 worth of dimes.
I think the second answer is more realistic...814 silver roosevelts needed....or $203,500 worth of dimes searched.
On the plus side, after searching $203,500 worth of dimes if your find rate of mercury dimes is like mine, you will probably also have a roll of mercury dimes to show for it.
Hope that helps.