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Replies: 5 / Views: 1,002 |
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Valued Member
Australia
144 Posts |
I have been lucky enough to acquire 2x 1966 1c RAM coin rolls, plus an unknown year 2c coin roll that came with them. Can anyone identify the likely year of this coin roll? My understanding from the Renniks catalogue is the early year 2c coins had three varieties based on the claws of the lizard. To me it looks like the third claw is blunt, suggesting the coin was made in Melbourne. But I have no experience in identifying the three 1966 varieties in real life, and the coin could be a later year anyway. I have various 1980s era 2c RAM rolls, and the print on the roll looks different on my likely early roll. The dilemma I have now is, do I crack open this tails only roll and see what the year is? If I do that and it happens to be 1966/67/68/69 roll then I have destroyed it by opening it, but without seeing the date I cannot be sure what year it is. Hmm....      
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Valued Member
 Australia
144 Posts |
I gave in to temptation and cracked open the roll... it's 1966.
What's interesting is one of the coins that fell out has a distinct fingerprint on it, despite all coins being choice uncirculated. Someone at the mint in 1966 picked it up.
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Moderator
 Australia
17012 Posts |
If it's in a "Royal Australian Mint" roll, then the mint is Canberra, with 100% certainty. Melbourne and Perth coins were not rolled in RAM rolls, since those mints were never part of the "Royal Australian Mint". I believe coins from the branch mints were shipped in bulk drums to the local Reserve Bank branch, and such coins (if rolled) would have been rolled in Reserve Bank wrappers, alongside with and perhaps mixed up with coins the Bank received from circulation for re-rolling. Quote: What's interesting is one of the coins that fell out has a distinct fingerprint on it, despite all coins being choice uncirculated. Someone at the mint in 1966 picked it up. The Mint still had manual inspection of coins back then; perhaps the checker saw something suspicious, picked it up to check it, said "No, it's good", and put it back. Or maybe it fell out of the bucket or conveyor belt and someone picked it up off the floor and put it back. Mint workers on the circulation coin floor don't wear gloves.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
 Australia
144 Posts |
Thank you for your comments Sap. Speaking of RAM rolls, I sometimes see Australian coin rolls from 1966 to today on sale at auctions and ebay, and they're always described as containing uncirculated coins. The end coins certainly are, but what happens when coins are returned to the mint? Are they put into new rolls, meaning a roll with new coins on the ends could have used coins inside? What about Armaguard and Chubb rolls that are also described as uncirculated?
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Moderator
 Australia
17012 Posts |
Coins are never "returned to the Mint", except for destruction. Once a coin leaves the Mint, it never goes home again except in visitor's pockets. If banks in a particular area find themselves with a surplus of coins, they would be returned to the Reserve Bank, and wrapped in Reserve Bank rolls. Reserve Bank rolls thus could be either pure Unc coins, pure circulated coins, or a mixture of both.
If a RAM roll is a genuine RAM roll (and hasn't been tampered with), then all the coins inside it should be uncirculated, Canberra-minted coins.
Neither the RAM nor Reserve Bank roll general circulation coins any more; this is outsourced to the security companies. And just like the Reserve Bank, the security companies are under no obligation to keep "coins from the Mint" and "coins from the banks" separate. So while a Chubb/Armaguard roll with Unc coins on both ends is statistically likely to have most if not all coins inside it Unc, there's no guarantees.
Anyone offering a guarantee on the contents of a roll (except maybe a RAM roll) has already looked inside it.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
 Australia
144 Posts |
Thank you for that Sap.
I haven't seen any RAM rolls past the late 1980s, and only security company rolls being sold in auctions past that point. All the ones I've seen have UNC coins on the ends, but as you say, there's no guarantee the other coins aren't worn.
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Replies: 5 / Views: 1,002 |
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