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July 2012 50c And 20c Coin Survey

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Formerly nancyc
Nevol's Avatar
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 Posted 08/03/2012  9:47 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
I believe that the mintage figures for 1993 CoA got mixed up somewhere along the line, and it has continued to be assumed that 1m is correct, and due to the purported '1m low mintage', they've been heavily hoarded so they are now becoming a bit harder to find than they used to be.

Mind you, this is just my opinion, based solely on the numbers that I came across when I was noodling regularly.

life is a mystery to be lived not a problem to be solved
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enworb's Avatar
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 Posted 08/03/2012  10:19 pm  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
Interesting thought nancy. They do occur much ore often than the 1985.
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 Posted 08/04/2012  02:55 am  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply
Maybe it was the 1985 that mintage figures that got mixed up. This year's McDonalds says the actual mintage of 1993 50c was 982,800, down the figure of 2,217,200 which older catalogues say.
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 Posted 08/04/2012  07:13 am  Show Profile   Bookmark this reply Add ozcoins to your friends list Get a Link to this Reply
MrT,
Your post is not clear to me.
Do you have an older catalogue which lists the 1993 50c mintage at 2,217,200?
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Mr T's Avatar
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 Posted 08/04/2012  07:24 am  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply
Sorry about that: yes, I have a 2004 McDonald's guide that gives the 1993 50c mintage as 2,217,200. My 2011 Renniks gives the mintage as 2,217,000.
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 Posted 08/04/2012  09:37 am  Show Profile   Bookmark this reply Add ozcoins to your friends list Get a Link to this Reply
Thanks for the clarification.

2.2 million seems to match closer to the numbers I am finding in ciculation too.
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 Posted 08/04/2012  09:58 am  Show Profile   Bookmark this reply Add FNQ to your friends list Get a Link to this Reply
I think it would come down to the point where the RAM figures change from "released into circulation" as opposed to "minted during that year", which brings us to the matter of early 80's 20 cent pieces and melting down of some years.

I'm inclined to take the view that 1985 50's apparent scarcity is due to it being the first year of the Maklouf portrait, thus being readily identifiable, the low mintage figures being released, and the fact that it was the only such CoA released for 8 years, resulting in substantial hoarding.
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 Posted 08/04/2012  10:13 pm  Show Profile   Bookmark this reply Add ozcoins to your friends list Get a Link to this Reply
I think we can only compare figures in the wild with each other to determine what is likely.
From the amount that PD found, when you compare proportion made vs proportion PD found, either PD was lucky with the number found, or NONE would have been removed from circulation by any means (collectors, being damaged, lost etc).
That seems unlikely, given that they have been in circulation for close to 20 years and collectors are interested in them.
It also seems unlikely when comparing with what seems to be left in circulation for other years.
Edited by ozcoins
08/04/2012 10:16 pm
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penny dreadful's Avatar
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 Posted 08/04/2012  11:14 pm  Show Profile   Bookmark this reply Add penny dreadful to your friends list Get a Link to this Reply
Interesting theories as to the relative scarcity of the 1985 vs. the 1993.
All I know is the 1993 is 'much' easier to find than the 1985. For instance, I had 800 coins to go through last Friday and found one 1993, and no 1985's

In my experience, the 1985 COA is about as hard to find as the 1991 RAM. OK the RAM is some 4.1 Million as against a purported 1 Million - or slightly less- but RAMS are very difficult to locate. I'd guess the commem designs are kept by a lot of people, and not just coin collectors like us, and the COA's all look the same to a non-collector - therefore a 1985 (or 1993) would not interest a non collector to whom all COA's are just the same.
1985 COA's on ebay always get keen bidding interest, and 1993's often just sell at a low final price.
So too do 2004 pointy A 20c, which I reckon are scarcer than they are given credit for....

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 Posted 08/05/2012  6:45 pm  Show Profile   Bookmark this reply Add ozcoins to your friends list Get a Link to this Reply
Keep in mind that the 85 had a new design, so it would have stood out to more casual collectors (eg people who collect comemmorative designs, but do not know mintage figures).
It was also the only one with the new design for quite some time, so there was plenty of time for them to be removed from circulation while easy to spot (and compared to now easy to find).
edit: Just noticed that FNQ said exactly the same thing.
Now..... Why wasnt I paying attention back then?
I am pretty sure I have more Rams than 85s.
I agree completely that the big head 20c prices do not reflect their scarcity.
Edited by ozcoins
08/05/2012 6:55 pm
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 Posted 08/05/2012  7:56 pm  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
100% with ozcoins. RAMs are much easier to find than 1985 and I think the scarcity of the 85 is due to hoarding of the new maklouf obverse when it was released. Big head/pointy A 20c are much harder to find these days. I think it was Jeff who has a strike rate of 1 in every $100 but mine is more like 1 in $300. They're underrated.
Formerly nancyc
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 Posted 08/05/2012  10:20 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
I checked back in all my Macca's Catalogues (8th - 12th included then 14th - 19 included) and in all issues up to the 12th Edition 2005, the 1993 50c mintage was shown as 2,217,200: Then in the 14th Edition 2007, the mintage is reduced to 982,800 and a footnote appears.

The same footnote appears in all subsequent versions up to and including the 19th Edition of 2012.

From all the comments here I think it's highly likely that the original figures up to 12th Edition may be closer to the mark than the lower figure.

I can't check what was in the 13th Edition, as it appears I don't have that one.

I will send Greg a link to this thread and see what he thinks about the discussion.

life is a mystery to be lived not a problem to be solved
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penny dreadful's Avatar
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 Posted 08/05/2012  10:31 pm  Show Profile   Bookmark this reply Add penny dreadful to your friends list Get a Link to this Reply
Hi nancyc

I have a 13th edition Maccas, and the mintage for 1993 is listed as 2,217,200, so I guess someone noticed something in 2006 about the mintages, so as to put the note and revised mintage figure for the 14th edition.

To enworb and ozcoins, the added difficulty in the pointy A 20 cent is that the rims are very weak, and coins found in circ. are worn more than they should be

I found one last Friday in a $100 machine bag, and it also has a weak rim...
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 Posted 08/05/2012  10:49 pm  Show Profile   Bookmark this reply Add ozcoins to your friends list Get a Link to this Reply
Nancy,
Thanks for checking.
What does the footnote say?
Formerly nancyc
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 Posted 08/06/2012  02:58 am  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
For those of you that have any 'Macca's' Guide from the 13th Edition onwards, the 'footnote' is immediately underneath the 50 cent mintage figures for the dates 1985 - 1997 marked with (a).

It's a small 5 line paragraph.
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