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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? 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:

DFX-Gregg
 
Seen it, liked it. Im surprised, though, that it needs any explanation. It seems kinda obvious...
 
Are you really surprised? You are right a lot have seen used or use it. If you enjoy numbers it is fun. There obviously are people new to detecting or who have never used anything but a basic coin count....this would be aimed more for someone who has not seen it...thus the explanation. But it is great that you like it!:cheers:
 
If I found a silver coin or old wheat penny in the 74 coin batch, even though the group had a lower PCV, wouldn't it be better to detect that area again, for more older coins??? Seems to me like it would be better to possibly find a few more older coins.....
 
I hunt for older coins don't really care for clad.If I feel the need to look at graphs and charts I can do that every day at work.I think most hunter's keep track of their finds, but formulas and graphs takes it a step further than needed.Since we are working on formula's a new diagnosis has emerged called the DFX disease,a fascination with pie charts and bar graphs,which is the result of using too many programs.
 
If I feel the need to look at graphs and charts I can do that every day at work.

Heard this one another way, before. It goes something like this:
"Goals are for work - this is a hobby."

I hunt for anything and any day can bring a different scenario. Not every swing of the coil has to net an old coin, either. I like to plan my hunting and if Im not finding those good oldies at some "sure bet" locataion, I have no problem with falling back on a clad hunt.
Success is measured a lot of ways and statistical numbers like these are just another tool way to edge the odds toward that success.
 
[quote DavHut]

Heard this one another way, before. It goes something like this:
"Goals are for work - this is a hobby."

I hunt for anything and any day can bring a different scenario. Not every swing of the coil has to net an old coin, either.[/quote]



Setting goals is fine, but in my opinion some go a bit overboard. If some want to crunch numbers and do graphs and charts about what per cent is certain type coins, or what average value per coin dug,or how many were dug in which area........ seems to me, that the time might be better used, in researching future detecting sites.

My ONLY goal in detecting is to have fun when I am out hunting, and getting some excercise and being outside to forget about my regular job for a while, is an added bonus, as is finding some coins.

My last hunt, was for an hour and a half, in 90+ degree weather, 90+ per cent humidity and in a wooded area, with no breeze..... and thousands of swarming pesky "skeeters". I was spraying repellant every 15 minutes or so, and swatting them off of me.:look:
I only got 1 signal in all that time---- a penny reading,at 3 inches. But I enjoyed the time detecting and digging the one penny. (After I got the years of crust off of it, I saw was a 1942 Lincoln.) In that 1 penny find, I got my goal for the day...having fun !!!!!!

Some people have goals to find a certain amount of coins per hour... or day..... or to detect for a certain time limit..or to detect a certain type area..Keeping up with all those goals, well, that seems to be just like a regular job. :( Aren't we out detecting, to get away from a job?????

Some like to only hunt for only clad, some want to find the older coins, and most find a mixture of the old and clad. Metal detecting for most is considered a relaxing hobby.


Why can't you just go out for whatever time you want to and just have some fun ???? If you find coins, relics,jewelry or whatever you are into finding, that is a plus!!!!:clapping:
 
This hobby requires patients to retrieve those older coins.If you set a goal to find X number of coins per hour you've compromised your hunt.
 
I log all my findings and then study them by place, type of ground, duration, weather, battery usage and battery duration.
These logs can be useful in the coming years to go back and revisit a site that gave good present-day findings. It's better to get some info on a site if you want to search for older stuff. Like a older neighbor, or old maps.
 
Thank you Ron. :happy:
 
[quote Fabio] It's better to get some info on a site if you want to search for older stuff. Like a older neighbor, or old maps.[/quote]

I agree, but if you are constantly going through figuring all kinds of quotas, and per coin values, that takes up the time where you could be researching the old and new areas to detect.


I researched a spot that the city just aquired for a new park area, last year.
It is 6 acres and had 3 or 4 houses on it and a small store of some kind in previous years. The houses that had been on the land were built in the eary to late 1920's and the small store was built in the early 1950's.

When I detected it I had found 3 silver coins within 45 minutes of turning on my detector.
If I was busy figuring coin facts or quotas on newer park areas....... I wouldn't have had the time to get the silver coins from THAT location.
 
DFX-Greg,One good diamond ring,and a key date older coin will trump your 325.00.Actually 325.OO for six months of coin hunting and all clad isn't very productive.I don't think White's would use this example as a sales advertisement,maybe the next six months you'll do better.
 
[quote Ron from Michigan]DFX-Greg,One good diamond ring,and a key date older coin will trump your 325.00.Actually 325.OO for six months of coin hunting and all clad isn't very productive.I don't think White's would use this example as a sales advertisement,maybe the next six months you'll do better.[/quote]

Ron,
All I can say for all the clad DFX-Gregg has found....it is alot, and......he sure is getting his excercise.

He HAS given me a great honor though.........he has me on ignore on at least 3 different forums.:thumbup:

I tried on another couple of forums , to give him some suggestions, to help him find some older coins and for him not to try and convince everyone to use his "goals" methods( one subject posted at least 3 times on the same website????)......and he said I was disagreeing with everything he was saying. In my opinion he doesn't WANT to find older coins...

oops I am sorry.... I believe he has stated he has found 4 silver coins this year. :)

As for White's sales advertisements.... just 2 of my silver coins are on White's Customers Stories,for this past June...... M6 Finds 1875 Half Dollar.
Ron, do you think Gregg will get on there, with his clad finds?????

HH ;)
 
Mr Beard,my average on silver coins is about one on every other hunt.We all use statistics I usually find a 9 to 1 ratio for wheat's to a silver coin.I have also found the signals not to be a lot stronger on silver quarters compared with dimes and silver just requires a slower pace.I remember there was some gal in the mid seventies that used a Compass 94B her average monthly find was incredible.I'm not a clad hunter, and don't look in couches for pocket change,don't search through the garbage for garbage for soda cans,won't search a tot lot for some kids lost clad.Bottom line I like searching for older coins and this also require searching parks that have been worked over by clad pickers,which I guess this does make finding silver and gold a little easier
 
featured in January of this year and the Kellyco summer catalog. Don't be a gambler...betting does not sound like your thing! :rofl:
 
Quote from Mr beard to ron>>>>>>
As for White's sales advertisements.... just 2 of my silver coins are on White's Customers Stories,for this past June...... M6 Finds 1875 Half Dollar.
Ron, do you think Gregg will get on there, with his clad finds?????

HH ;)[/quote]




Here you go Ron And Mr beard! You guys are hilarious my first year back in detecting and I have 5000 coins in 6 months 14 rings and I do think this will prove you both wrong....:cry: Glad you guys are so supportive...:crazy:

http://www.whiteselectronics.com/tell/month/2007-january.php#fortier
 
Rons quote
DFX-Greg,One good diamond ring,and a key date older coin will trump your 325.00.Actually 325.OO for six months of coin hunting and all clad isn't very productive.I don't think White's would use this example as a sales advertisement,maybe the next six months you'll do better.Happy Hunting: Ron<<<<<<<<:stars:




You may want to save your wind....see below! :rofl:

http://www.whiteselectronics.com/tell/month/2007-january.php#fortier
 
Gregg,I'm impressed,I don't have any of those Big K advertisements,but I'm sure you have plenty of copies to give to your family,friends and fellow treasure hunter's.(To qualify for their magazine advertisement you have to have bought a metal detector from them)I'm not a gambler but will bet you're missing a lot of good targets.Just as I suspected after looking at the advertisement the only silver, a superman pendant which you didn't even find.
 
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