Gold Coin Mintages And Melted Coins?

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Author	Replies: 4 / Views: 1,212
Kellyk Valued Member United States 255 Posts	Posted 08/28/2012 1:58 pm I am curious. Looking at the mintages for old gold coins, how do they account for the coins that were confiscated back when people had to surrender their gold? Are the mintages the amounts that were minted regardless of the ones later melted? Does this hold true with silver when people sell it at " hotel buying events?" Is mintages the correct word for what I am asking? * Edited by Staff to clarify topic title. Titles are important! * Report this Post to the Staff

DavidUK Pillar of the Community United Kingdom 2624 Posts	Posted 08/28/2012 2:44 pm Mintages are how many were made, simply that and nothing more. Mintage figures may give an indication of rarity but they do not show how many actually got released or how many were melted. Thus a high mint coin where nearly all were recalled and destroyed would be rarer than a low mintage coin that was commonly hoarded. Since price gives some indication of supply and demand that can often be more telling than the mintage figure. Report this Post to the Staff
Gyrene7483 Pillar of the Community United States 1704 Posts	Posted 08/28/2012 4:54 pm The Mint had over the years periodically melted "excess" silver and gold coins with no record of what was being melted as far as dates and what Mint had originally struck them. They were melting coins up into the early 1960's. And then there was the big silver melt in the early 1980's when the Hunt Brothers tried to corner the market on silver. A lot of the late 50's to 1964 silver was melted and so those mintage figures are basically not relevant anymore. Ed ANA LM-3175 Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 08/29/2012 12:52 pm Simple answer is that the mintage figure are the number made and there is no accounting for melting. Report this Post to the Staff
Kellyk Valued Member United States 255 Posts	Posted 08/29/2012 7:19 pm Thanks for the info. I had tried to google it to find out . I learned a great deal about history but didn't get my question answered. You guys are great. thanks! Report this Post to the Staff
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