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For you coinshooters out there a better explanation of Per Coin Value>

D

DFX-Gregg

Well-known member
I am going to post this on a few forums so you may see it elsewhere>

Talking with Monte made me think Per Coin Value showing its importance....let me give it a shot>>>>

Ok first how to do it....then a good example how to use it....

You take your dollar amount you find and divide by the total coins found (Using my numbers in example as of July 3rd)

$301.94 divided by 4394=0.0687 (disergard any numbers past this point).

Ok...simply move the decimal point two places to the right and you come up with your Per Coin Value>6.87

Now I am sure some of you are thinking does it really matter:stars: or how can this be important:confused:

Well actually it can help you a ton!:cheers:

Here goes>>>say you find 60 coins on one site and 60 coins on another site. Now you say I did the same on both right? Well actually no...In picking which site to return to you may start to notice your PCV is higher on certain sites!:clapping:

Remember this does not mean I found $4 here and $3 there, this is a per coin average in cents. I really think it can be helpful in determining which sites to follow up on.

If you visit a site and it rains, or your batteries go dead, or for some reason your hunt is cut short...say an hour. You find 12 coins and leave, total was just $2. Sounds bad right?:confused: No sounds good! Your PCV is 16.6!:clapping:<<<This is a site you want to run back to despite the low dollar amount caused by the short hunt!

Now a negative example>>>:devil:

You hunt 3 hours in a tot lot and you find 74 coins for $2.15.

Ok lets see how you did....Divide $2.15 by your 74 coins...your PCV is only 2.90 or not even 3 cents! The area you found the 12 coins in would be a better choice to return to in general. Hope some of you find this useful!:detecting:
 
Totally understand your meaning. When Larry and I clad hunt, we see how much we find per hour. But have also done it the way you are doing. Either way, it's money in the bank! FREE money! Great post Gregg. Thanks.
 
I can understand the equation but wouldn't the total finds also have a bearing as to the value of a site? If you hunt one area and dig 4 quarters and a penny in four hours and another area in four hours produces one quarter, twelve dimes, and a penny which area gave the best production?
Pap
 
$39.72 on 579 coins = 6.86 cents per coin
 
have been getting out 3 times a week since January. The only month I did not go out at all was February record cold all month! Glad you PCV is going good, someone on another site just told me he has over 3000 coins and a PCV over 8 cents! I think Monte would agree that is awesome.
 
Well honestly the higher PCV would be with the first site mentioned...here is why...I guess you know that already obviously but..

Site #1> 4 hours 4 quarters, 1 penny = $1.01 5 coins PCV .20

Site #2> 4 hours 1 quarter, 12 dimes and 1 penny =$1.46 PCV.10

In this scenario I would maybe not return to the first site...5 coins in 4 hours. That is why I said in general and in my example used somewhere that yields a lot of pennies as an example of a site that could be passed over for a site that yields a higher PCV.
 
Got it thanks....now that you got me into this...I love numbers....I am fighting for my life on 4 forums!:rofl:
 
I got out in my yard this evening for about 2 and a half hours in an old clearing that was once used as farmland and later as a sports field for a local church. Before going out, I put the stock coil back on the XLT. I found 45 coins for a total of $5.71; the breakdown:

1 Susan B. Anthony
13 quarters
11 dimes
4 nickels
16 pennies (including a 1945 wheatie)

I also found a MARTA token, a 1993 Chuck E. Cheese token, silver earring, Cub Scout Neckerchief tie, and 2 Yale keys.

I've yet to find a silver coin, but I keep finding gold and silver jewelry.

I live on an 1839 homestead, you would think it would happen, but I'm dealing with decades of deposition. I've recently found a stone wall that has been uncovered by a few heavy rains, I'm finding tons of 19th century farming equipment in the area, and even more broken pottery. So I think I may have a good spot to hunt. Everything I'm pulling up is large and deep though, and I'm not having luck finding coins past 7 inches or so.

The sad thing, I'm moving in less than 2 months, so I need to get out everyday if I'm going to begin to put a dent in the spot before I move.

Anyway, Happy Hunting to everyone!

- Ross
 
If your detector can handle a large coil sounds like you might get some good hits. Man I would be going over it as much as I could before I sold it!
 
Thanks funny you mentioned it though, the other one I am getting is try to value a old coin into the system! :lol:
 
that might be tough! I think old silver is a separate category. And zinc pennies should have two categories; one for those that are still spendable and one for those that are partially dissolved!
Pap
 
#1 leave for a tip when service is bad at a restaurant.

#2 Mix in your change and give to a fast food drive thru...watch their face ...they still usually take it!

Het maybe I will come up with a top top list...:buds:
 
It takes a few of those to make up for some of the very sorry days we might encounter due to a poor site choice, a hard-hunted site, or too brief a time at a site to locate the better production area (maybe cut short by time and/or weather).

I hope you can chance upon a spot on your property where there's some silver lurking. :detecting:

Monte
 
I found that I was spending more time posting and then replying to too much mail.

Now I only read about 6 forums and try to limit posting to about 3 of those or so.

I'll PM you back later today.

Monte
 
Good job Gregg,:thumbup: but my brain would go dead :wacko: doing all that math,:blink: then it would shut down trying to keep track of all of it... He He!!!!

Take Care,:twodetecting:
Bill G
 
Bill I am glad I opened the post and it was something ok...Geez I have received some bad feedback from around the forums I post...but I also found some using the system too!:shrug:
 
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