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 Replies: 46 / Views: 4,722 |
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Pillar of the Community
Australia
841 Posts |
Well I'm not happy people. I'm sick and tired of all the bull. I thought I'd have a look at the RAM site last night after everyone talking about it and I was most disappointed in a few things so here I go   I looked at both my renniks and greg mc books and neither of them mention the 92 $1, why? and a few other things here and there. But I think the main thing that annoyed me with RAM is why can't they have the figures for what they've printed as my bloody books cover the mintages to 07 and RAM isn't much better, yeah it's nice to see the coins that they've released but i'd like mintages so I know what's worth holding on too as up to 5 years is a long wait only to find out they've printed 100million or so of what you've had just sitting there  I really don't get why it takes the government so long to release the figures up/on there that they'd have to know, unless they just take a punt but I would have thought with all the computers and stuff that they'd know or should know to the cent, LOL. How does it work? I just think it's all a joke as the government can't be that flipant and willy nilly with our money that they're printing can they, or can they  'cause it is after all the economy and the be all to end all, and even the root of all evil so they say..but I still like it  There's more but I'm getting tired so thank you very much for taking the time to read my rant so please feel free to have one too  |
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Formerly nancyc
Australia
5385 Posts |
The RAM data is available for all years from 1966 on, but you need to know where to look: http://www.ramint.gov.au/about/comp.../records.cfmNear the top right corner is a search box Type in the denomination of the coins you want data for (say one dollar), a numbered list will come up, the #1 item on the list should be a link to the denomination you're after, just click on it and Bob's your uncle. http://www.ramint.gov.au/designs/ra.../1dollar.cfmFor 1992 $1 the mintage is shown as 0.008 million, so just 8000 and my guess is that these were all for Mint sets etc. Why they are even listed at all is a mystery though, as 1987, 89, 90 and 91 were not minted for circulation either, and there are no figures for them. Hope this helps ease your angst.  Some of the data for the most recent years is shown as not available, but the majority of that can be gleaned from the Annual reports, excluding the last Financial Years stuff, that should be available next November. life is a mystery to be lived not a problem to be solved
Edited by Nevol
12/19/2011 8:25 pm
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Valued Member
Australia
490 Posts |
Firstly, RAM is not the only slave to bureaucratic bungling, PM do not disclose http://www.perthmint.com.au//docume...ic_Coins.pdf the 2008 TRIBUTE 1787 PROCLIMATION SHILLING http://www.ebay.com/itm/2008-TRIBUT..._1553wt_1139. Secondly I fear disclosing the amount of currency issued for each and every year allows direct scrutiny of component of federal government cash flow, so to speak. So they are always going to make this information obscure and difficult for the average punter to determine with accuracy as having this information throws into sharp relief how they are performing financially. And finally you reveal the problem in its clarity as the direct conflict with this policy with the numismatic community. ergo a rock and a hard place... it is a shame that both RAM and PM, the issuers of our legal tender (printed on our tax funded money), cannot get their figures straight. It's our money after all.  makes you feel great to be alive! |
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Valued Member
Australia
490 Posts |
and don't get me started on the currency determinations either!
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Pillar of the Community
1119 Posts |
i dont know about anyone else but I those links every time I look at coins, always find some bit of info I didnt know.
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Pillar of the Community
Australia
1295 Posts |
We asked about the spurious 1992 mintage several years ago and we were told it was in error. I see the question come up from collectors from time to time and understand it must be frustrating for them. Not wanting to spruik our website too much but if you want the MOST accurate dollar coin mintages you should take a look at our Australian Dollar Coin guide. It gets updated as soon as the RAM annual report is released. http://www.australian-threepence.co...r-coins.html |
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Pillar of the Community
Australia
762 Posts |
It seems to me that the RAM is much more interested in the sale of NCLT because it has a much higher profit margin.  I took part in that marketing community "your Mint Story" and it basically had no interest in circulating coinage. It seems to me that the RAM really isn't interested in collectors of circulating currency, thats why it is so slack providing mintages. Seeing as Ausjack has invited us to rant on this thread I would like to put forward my own conspiracy theory. The last three yearly Uncirculated / Proof coin sets issued by the RAM have not had any commemorative coins in them. The reason being that they can them sell commemorative coins individually at additional cost. So much for treating their customers with respect  |
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Pillar of the Community
Australia
1295 Posts |
Of course the RAM is interested in circulating coinage, it's their primary responsibility and their "cash cow". The section of the RAM concerned with retail sales isn't, it's not their responsibility. Clearly the marketing company they engaged to run the Your Mint Story website was tasked to research consumers interest in NCLT, so it's no surprise they didn't care about circulating coinage.
By the way it's worth comparing the NCLT prices of the PM and the RAM. I believe the RAM NCLT offers better value for money than the PM. That being said don't think that the PM makes all their money from NCLT either, they are primarily bullion dealers.
Edited by markn
12/20/2011 04:10 am
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Valued Member
Australia
490 Posts |
talking about cash cows, if you want all RAM types of 50c for 2012, you have to buy 4 different sets...
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Valued Member
Australia
490 Posts |
markn, I like your site and do find it accurate. as a suggestion, how about a "roll up" table for each denomination showing year, description and mintage?
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Pillar of the Community
Australia
762 Posts |
Quote:
Of course the RAM is interested in circulating coinage, it's their primary responsibility and their "cash cow". Go to the home page of the RAM website and try to find anything about circulating coinage. Sure, the primary responsibility of the RAM is circulating coinage but I reckon it resents the fact that collectors can get circulating coins at face value. When was the last time a low mintage circulating coin was released? In fact when the Mint discovered they had accidentally minted some 2005 Mob of Roos $1 they continued with a full production run so as to avoid having a low mintage "collectors item". Why was there no Golden Jubilee circulating coin? Instead we get some crappy coins like the worlds ugliest coin (2011 royal wedding) and the worlds stupidest excuse for a commemorative coin (the 10th anniversary of the year of the volunteer). ok, I've vented. I'll get down off my soap box now.  |
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Bedrock of the Community
Australia
21786 Posts |
It seems that no standard 1992 dollar was issued.
Both my Rennicks and Mcdonald's mention the Barcelona 1992 Olympic dollar coin.
There was 118,145 mint sets, 55,367 proof sets, and 58,996 unc. other Barcelona coins minted. Of the last figure, 15,000 were silver proofs, 2,500 of these had the continuous milling and came in the long box.
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Pillar of the Community
Australia
1295 Posts |
We get circulating coins at face value but don't think the RAM doesn't make a profit on them. Try looking up the term "siegnorage". How much do you think it costs the RAM to make a $2 coin that they sell to the RBA for $2?
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Bedrock of the Community
Australia
21786 Posts |
It takes the RAM about 8 cents to make and distribute the $2 coin.
Lower mintages cost a lot more, because the cost of production has to be amortised over far fewer coins. That's why, for instance, a Mint Set carries the premium that it does.
Back in 1992, at the Sydney Coin Fair, I purchased two continuous milling proof silver Barcelona Dollars (in the long box). The cost st the time, 'if my memory serves me correctly', was $32 each. That was the RAM's commercial decision to sell at that price.
Nevertheless, they would not make anything deliberately for a loss, unless they were indirectly instructed to, such as in the production of a gallantry medal.
As far as I am aware, there has been only two gold
"Cross of Valour"'s issued. They rank second only to the V.C.
I guess that the cost of production of these has been fully bourne by the taxpayer.
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Pillar of the Community
United States
7840 Posts |
Sorry not familiar with the acronym other than; RAM = Random Antiterrorism Measures.
Would you enlighten me? I see that it is an Australian thread, but I am trying to broaden my horizons.
Edited by oih82w8
12/20/2011 10:14 am
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Pillar of the Community
Australia
1005 Posts |
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Replies: 46 / Views: 4,722 |
Posted 12/19/2011 8:52 pm
