1972 Coins ? - Coin Community Forum

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Author	Replies: 8 / Views: 1,270
DaytR Pillar of the Community United Kingdom 837 Posts	Posted 05/26/2013 2:35 pm I have always wondered about this, does anyone know why there werent any 1972 coins entered into circulation ? What was going on at The Royal Mint in that year ? Report this Post to the Staff

Ben Pillar of the Community United Kingdom 4208 Posts	Posted 05/26/2013 2:37 pm They made biiiillions in 1971 - they simply didnt need more coins. Collectors kick up a fuss about date sets and the like so they still made the mint sets to sell. Report this Post to the Staff
andyg Pillar of the Community United Kingdom 1324 Posts	Posted 05/27/2013 10:12 am The 1972-1975 sets were first issued in 1976. Report this Post to the Staff
DaytR Pillar of the Community United Kingdom 837 Posts	Posted 05/27/2013 2:22 pm Thats interesting info ! This then suggests that the RM didnt mint any coins in 1972 - was the mint closed for most of that year ? Were the staff on some kind of extended vacation? Report this Post to the Staff
Mr T Pillar of the Community Australia 2180 Posts	Posted 05/28/2013 08:05 am While I don't know, I imagine it would still have been making coins, but not for Britain. I think a few countries still relied on The Royal Mint at that point. Report this Post to the Staff
Ben Pillar of the Community United Kingdom 4208 Posts	Posted 05/28/2013 08:22 am I imagine a load of mint workers spinning about on their chairs, jousting with brooms and flipping pennies and writing down how many heads and tails they are getting. Report this Post to the Staff
Mr T Pillar of the Community Australia 2180 Posts	Posted 05/28/2013 7:23 pm Oh, and didn't The Royal Mint move around that time, or was that in the late 1960s? Report this Post to the Staff
Anaximander Pillar of the Community United Kingdom 709 Posts	Posted 05/30/2013 2:34 pm For the 10p coin from 1968 to 1971, the amount minted was about 846.9 million. For the 5p coin it was about 526.9 million. Decimalisation came in on 15/2/71 and a stock of coins was built up to be ready beforehand. Also, for a period of time old 2/- and 1/- (shilling) coins circulated at these values, being the same size and weight of the coins that replaced them. I imagine that for a few years there was no need to mint further coins after the initial introduction. As the older coins were withdrawn and some were lost/stored, then a need would arise to top up the number in circulation. Report this Post to the Staff
Sap Moderator Australia 16873 Posts	Posted 05/30/2013 8:44 pm The Mint does not, by itself, decide when and which coins will be struck - Treasury orders coins be made, and the Mint supplies them to order. So the simple answer to the question is, "Treasury didn't order any coins that year". This, of course, does not fundamentally answer the question. Treasury did not order coins that year (or in subsequent years) for the reasons outlined above by others: there was plenty of coin, both old and new, in circulation and the economy was not growing fast enough to need more at that time. Quote: Oh, and didn't The Royal Mint move around that time, or was that in the late 1960s? Yes, to both parts of your question. From Wikipedia: Quote: In 1967 it was announced that the Mint would move away from London to new buildings in Llantrisant, ten miles (16 km) north west of Cardiff. The first phase was opened by Queen Elizabeth II on 17 December 1968, and production gradually shifted to the new site over the next seven years until the last coin, a gold sovereign, was struck in London in November 1975. Which does go at least partway towards explaining why there was an oversupply of coinage in circulation from years prior to 1972: Britain had not one but two Royal Mints, each capable of operating at more than half the capacity of the old mint. 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 Report this Post to the Staff
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