Average age of coin
Ever since I started trying to go cash only I have naturally started to collect more and more coin. I thought that it might be an interesting experiment to see what the average age of each type of coin I come across is. My theory is that the more a coin is worth the older the average age will be. I think that pennies will have a relatively short longevity.
So far I have collected 69 coins over the past couple of weeks. I have calculated the average mint date for these coins to be 1993.12.
Here is a breakdown of each particular coin:
- Quarter 17 coins, average mint date 1995.18
- Dime 18 coins, average mint date 1994.39
- Nickel 9 coins, average mint date 1987.11
- Penny 25 coins, average mint date 1992.96
As you can see, my hypothesis is clearly wrong. Nickels and Pennies had the oldest average age of all my coins. This could be due to the fact that my sample size is so small. I will try and periodically update my coin count so that we can see what age of coins are circulating through my possession. In the end I think that I will be proven right.
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