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Question Re CRH And Mintage Numbers

 
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Author Previous TopicReplies: 5 / Views: 453Next Topic  
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Canada
24 Posts
 Posted 01/19/2022  10:20 am Show Profile   Bookmark this topic Add SMRStars to your friends list Get a Link to this Message
Not sure when the alloy recovery program started but it must be making a dent into the mintage numbers...anyone have an idea?

Also found a 1930 nickel and a 1940 nickel yesterday.
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Canada
8835 Posts
 Posted 01/19/2022  6:31 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Since 2004.
Making no dent in the mintage numbers.
If anything more coins must be minted to replace the ones removed by the ARP.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
01/19/2022 6:43 pm
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Canada
24 Posts
 Posted 01/19/2022  6:48 pm  Show Profile   Bookmark this reply Add SMRStars to your friends list Get a Link to this Reply
Thanks for your response.
What I meant was based on the following example...
1979 CAD nickels approx 180m, so after 17 years of ARP, how many 1979's might be left?
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Australia
14261 Posts
 Posted 01/19/2022  8:29 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
It doesn't affect the "mintage numbers" at all, since that is the count of how many were made. What it does affect is the survival rate (the percentage of that original mintage that still exists).

And unless the RCM is tracking how many of each date they are destroying (which I'm pretty sure they're not doing), there's no real way to quantify the survival rate in absolute terms. The only thing you can do is to grab a large random-representative sample of coins, do a statistical analysis of the dates and see if the relative abundances of each date are in line with expectations derived from the mintages. This may or may not be an accurate indicator of survival rates, since the number of coins being "hoarded" but not actually "lost" (by banks, private individuals, etc) is largely unknown. The Mint could estimate roughly how many coins are "disappearing" from circulation each year, from how many coins the banks request be issued to replace them, but they don't know and can't know exactly where all those "missing" coins are going. Hoards? Tourists? Rolling off the ferry and falling to the bottom of the lake? There's no way to tell.

Also to note: while the ARP might have officially begun in 2004, Canadian banks have always been withdrawing and returning for melt any coins that are heavily worn, corroded, damaged or otherwise unfit for use. Again, the numbers of 1979 coins withdrawn in the period 1979-2004 would be unknown; it wouldn't be as high as the old silver withdrawal rates (since pure nickel is a much tougher alloy than coin silver and lasts much longer in circulation) but it would still have happened.

Statistically, coins should be being removed "evenly" across the date range, since nobody is hunting down and destorying specific dates.
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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Canada
648 Posts
 Posted 01/20/2022  11:42 am  Show Profile   Bookmark this reply Add Cdncoins to your friends list Get a Link to this Reply
The alloy recovery program has made a huge dent in pre-2000 nickels, dimes and quarters in Canada. Older nickels are the easiest to find. In a sample I did a couple years ago from CRH, pre-2000 nickels were 10%, dimes and quarters were around 4%.

You can find some info about it in the RCM's annual reports, but when I looked I found that the info they provided was inconsistent from year to year, so couldn't tell cumulatively how many older coins they had withdrawn.
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Canada
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 Posted 01/22/2022  11:37 pm  Show Profile   Bookmark this reply Add SMRStars to your friends list Get a Link to this Reply
Thank you very much for the feedback...very educational.
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