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 Replies: 36 / Views: 8,730 |
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Pillar of the Community
Australia
7096 Posts |
Why on earth would the mint still be minting a 2 year old coin  |
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Valued Member
Australia
318 Posts |
Possibly still filling an order Trout.
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Pillar of the Community
Australia
1244 Posts |
Use the dies till they fail, they want to get value for there money or dies
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Pillar of the Community
Australia
4411 Posts |
I didnt think they were going to release a 2011 platypus seeing as there are three comms for that year already. Other than 2001 federation 4 reverse designs for one denomination has to be a record? The way they seem to issue NCLT willy nilly seems to be rubbing off on circulation coins as well.
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Pillar of the Community
Australia
507 Posts |
Thanks for that purplepenny  It confirms why the RAM took down 2010 mintages from their website mere days after posting them. I'm very surprised that they have used 2010 obverse dies for the $1 when they had already been using 2011 dated dies for the CHOGM coins, so it's would not appear to be a case of any major re-tooling being required. The 20c obverse lower-right of centre does seem to have a clear 2011 date, and after 3 commemorative reverses during the year, with one as late as September, I was expecting the next run of Platypus wouldn't be required until this year (well it is this year - it's just they're using another, less old, die lol). But I do still wonder, as per the MYO coins, why coins can't be produced with the current year on them. |
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Pillar of the Community
Australia
1244 Posts |
For people who are unaware of how coin circulation releases work the 2011 CHOGM was a design releases especially for that event and was at the request of the government- just like the Bradman 20c. For this reason the mint had to produce a certain amount with a time frame and release them into circulation. That's why it was released with the current years date. Otherwise all circulation tender coins are normally stamped with whatever date or dies that they feel like and released into circulation as the banks and security companies require them. The designated amount for 2011 CHOGM is 5 million + coins. I could go into the RAM annual reports and find out the exact number of coins but that would be wasting my time. http://www.chogm2011.org/Resources/...-new-dollarsAnd you probably won't see the 2011 platypus in circulation for a little while longer - months or maybe the end of the year or maybe next year. Although I would love to see it in my change tomorrow. The fact is they store thousands of coins in there vault and they can sit in there for at least a year before being released into circulation. |
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Pillar of the Community
 Australia
762 Posts |
Quote:
I was very surprised to see that they were actually minting 2010 mor $1's. Well that sux  There I was busily hoarding 2010 $1 thinking that they were a low mintage and it turns out that they are STILL minting them. It almost seems to defeat the purpose of putting a year on them. |
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Pillar of the Community
Australia
4411 Posts |
I was doing the same thing MOR! I only have 7 so far and am bummed to see them producing more. |
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Pillar of the Community
Australia
507 Posts |
From the Mint (unclassified):
"You may be referring to the drum of 2010 dated coins that was on display during the Enlighten tours. This drum was taken from storage. As you can imagine we make millions of coins each year and many of this is kept in storage until they are needed.
In regards to your questions, there are times when coins are made in the preceding or following year to what it is dated for stock or equipment reasons and it is a generally accepted minting practice."
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Pillar of the Community
Australia
515 Posts |
I tend to disagree. The 2010 coins imaged were not "on display". They were in the barrels in the production room beyond the "tour" area past the line we weren't meant to cross. A mint worker saw my interest and ushered me (and a friend) over, I quickly snapped the pics and was hastily brought back to the group by security. It was definately not in a designated picture taking area.
The 2011 20c were being struck as we watched so no question about that one. The press was hammering away.
Edited by the-purple-penny
04/24/2012 07:15 am
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Pillar of the Community
Australia
515 Posts |
Here's the image of the sticker on the outside of the $1 barrel clearly showing it's inventory id, contents, year date and number of coins in the drum. I'm pretty certain I see the packaged on date as 2012.  |
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Valued Member
Australia
258 Posts |
I was also present at the tour and can confirm that they were NOT minting 2012 coins,
when I was there, they had 50c pieces currently being minted, with the 2011 obverse.
we also saw the barrels (though they werent closed off to our group) and they were all 2010 coins, but they said they were taken from storage as well when I queried them.
Who knows for sure, but at the time I was there, they were filling a huge order for another country and that was their priority.
Of the aussie coins that were being minted, none were 2012.
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Valued Member
Australia
51 Posts |
Don't forget that there's nothing to stop the mint from melting down a whole year's supply or part (most) thereof of freshly minted coins as they have done in the past in 1983,1984 & probably 1988. I wouldn't throw away any 2010 or subsequent years until I was sure that millions were released into circulation & not just minted.
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Pillar of the Community
Australia
507 Posts |
Thanks for the additional info purple-penny and josh Looks like I'll have to do a bit more investigating... |
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Pillar of the Community
Australia
560 Posts |
Also remember it took 9 and 8 years respectively (1990) to issue 1981-82 20 cent coins.
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Posted 04/15/2012 7:56 pm
