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Commems Collection Questions: Answer #16 - Lowest Net Mintage Vs. Authorization

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CCF Master Historian of USA Commemoratives
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commems's Avatar
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 Posted 06/15/2023  08:05 am Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message Number of Subscribers
nickelsearcher made the observation and raised the question:

Quote:
Do the math on the percentage of final net distribution (15,000 coins) versus authorized (300,000 coins) and you come up with 5%. I wonder if 5% is the all-time low percentage net/authorized for the classic silver series?


I'll "polish the apple" a bit and give three answers to my assigned task!

The answer to the question depends on whether you are considering one-year vs. multi-year Type coins vs. specific date/mint mark coins within a multi-year program.

If you consider just one-year, one coin Type issues (e.g., 1923 Monroe Doctrine Enunciation Centennial), then the 1925 Fort Vancouver Centennial Half Dollar at 5% has the lowest Net Mintage : Authorized Mintage ratio.

If you include the multi-year coin programs with mega authorized mintage figures, (e.g., 1934-38 Texas Independence Centennial), then the Oregon Trail Memorial program with just 202,886 coins struck out of an authorization of 6 million has the owest Net Mintage : Authorized Mintage ratio. at ~3.4%.

If you consider any one of the 144 coins in the silver set or the 13 coins in the gold set individually, then the Top (Bottom?) Prize is a tie between the 1939-D and 1939-S Oregon Trail Memorial Half Dollars. With a net mintage of 3,000 each from an authorization of 6,000,000, the coins come in at a Net Mintage : Authorized Mintage ratio of just 0.05%. The Oregon Trail series also has several year/mint mark coins with a ratio in the 0.08% to 0.10% range.


For other of my posts about commemorative coins and medals, including more on the each of the coins discussed here, see: Commems Collection.


For more Commemorative Coin Q&A, see:

- Question & Answer - Introduction & Question List



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Coinfrog's Avatar
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 Posted 06/15/2023  09:34 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I just love the detail stuff.
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nickelsearcher's Avatar
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 Posted 06/15/2023  10:58 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply

Quote:
I'll "polish the apple" a bit and give three answers to my assigned task!


And you have earned an A+ grade for thoroughness!

I did not conceptualize this in the three categories you report on - but it makes complete sense the way you have presented it.

Fascinating data @commems and I really appreciate you taking the time to complete the research and report out.
Take a look at my other hobby ... http://www.jk-dk.art
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macmercury's Avatar
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 Posted 06/15/2023  12:38 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
That is some of the really low mintage, I'm shock that these aren't priced higher.
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HondoB's Avatar
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 Posted 06/15/2023  1:33 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Thank you yet again, commems, for sharing your expertise and research with us. And mac, some of the ones commems listed are quite pricey now!
Inordinately fascinated by bits of metal with strange markings and figures
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nickelsearcher's Avatar
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 Posted 06/15/2023  1:56 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply

Quote:
That is some of the really low mintage, I'm shock that these aren't priced higher.


We discussed that very topic in a recent commems thread @macmercury.

The final years of several long running multi-year multi-mint series (Oregon Trail, Arkansas, Boone and Texas namely) had minuscule mintage totals.

For example - the 1938 Boone coin saw 2100 coins from each of the three mints. That makes them 230 times 'rarer' than a 1909-S VDB cent.

A primary reason they are valued so low (relatively) is because there is very little collector demand for them.

Not many folks try to collect all 144 classic era silver commemoratives - most collectors choose just a few for a type set and even most dedicated collectors stop at a complete 50-coin type set.

In that mode one can simply ignore the low mintage later year issues and simply pick one of the available earlier examples and move on.

Take a look at my other hobby ... http://www.jk-dk.art
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HondoB's Avatar
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 Posted 06/15/2023  2:06 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
I looked up the 1921 Pilgrim and the Fort Vancouver ones after you discussed them, commems. I'll be sticking to my Louisiana medals and store cards.
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macmercury's Avatar
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 Posted 06/16/2023  7:11 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Thanks for the update nickelsearcher,

I will back track commems posts.
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HondoB's Avatar
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 Posted 06/18/2023  1:38 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
nickelsearcher and commems, I blame you for inducing me to buy this 1938-D Boone Bicentennial Half. Seller's pics.
Commems-Collection-Questions:-Answer-#16---Lowest-Net-Mintage-Vs.-Authorization
Commems-Collection-Questions:-Answer-#16---Lowest-Net-Mintage-Vs.-Authorization
Inordinately fascinated by bits of metal with strange markings and figures
CCF Master Historian of USA Commemoratives
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commems's Avatar
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 Posted 06/18/2023  3:07 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
@Hondo_Boguss: Buy! Buy! Buy! I make a dollar on every coin purchase I inspire! (Only kidding, of course! )

Congrats on your latest purchase - it looks like a nice one!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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HondoB's Avatar
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 Posted 06/18/2023  3:12 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Thank you, commems! It was in a SEGS holder, but I figure with a mintage of 2100 that I couldn't go wrong for the price I paid. Any estimate of the grade?
Inordinately fascinated by bits of metal with strange markings and figures
CCF Master Historian of USA Commemoratives
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commems's Avatar
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 Posted 06/18/2023  6:18 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
It was likely considered to be a nice mint state coin, but the areas of discoloration on the high points of Boone's portrait make me wonder. The darkness could just be a lighting artifact, however. Please give us an update when you have the coin in hand!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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HondoB's Avatar
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 Posted 06/18/2023  6:41 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Will do!
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Morgans Dad's Avatar
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 Posted 06/18/2023  9:01 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
The 1938-D Daniel Boone Classic Commemorative Silver Half Coin.....

The 1934 Coin, Struck Again in 1935, 36, 37 and 1938. The 1938 Shown, Looks to be a Very Sharp Strike, IMO and Has Not been cleaned, Shows Excellent Fine, Small details ... 2100 Mintage !!!!

Beautiful Coin, Great Classic Commemorative, Please share Your Opinion, Once in Hand ...
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jbuck's Avatar
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 Posted 06/19/2023  10:56 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
nickelsearcher and commems, I blame you for inducing me to buy this 1938-D Boone Bicentennial Half. Seller's pics.
Excellent!
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