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 Replies: 12 / Views: 3,379 |
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Valued Member
Australia
295 Posts |
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Pillar of the Community
Australia
507 Posts |
Confirms the 2011 mintages of the 10c and $2 as being final, and extremely low :)
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Valued Member
 Australia
295 Posts |
I have a query about the published mintage numbers. As an example, on page 119 in this annual report, "Circulating coin production 2012/2013" figures are shown for 2010, 2011, 2012, and 2013 coins. So, do these figures need to be added to the previous annual reports (2010, 2011, and 2012) to get a TOTAL mintage for a particular coin across the four years? It seems rather misleading - or at the least a tad confusing - to include production numbers for 2010 coins in the 2012/2013 stats ... Surely if coins are produced during the 2012/2013 financial year, then they are either 2012 or 2013 coins, not 2010 or 2011?   I could get my head around a title like "Circulating coin RELEASE" or "DISTRIBUTION" - just not "PRODUCTION". I tried looking at the final mintage figures as supplied for each domination ( www.ramint.gov.au/designs/ram-designs) to quickly compare to the figures in the report, but they haven't been updated for awhile.   |
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Pillar of the Community
Australia
507 Posts |
Unfortunately, you do need to trawl through a number of reports across multiple financial years and sum up the respective mintages to arrive at a final total. Up until recently, the RAM was very slack with regards to using old dies. Hopefully what we have seen in the current year is indicative of a move to international best practice with regard to the production of coins intended for circulation.
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New Member
Australia
15 Posts |
The RAMint has only recently begun producing coins out of year! And yes you need to go through all the recent annual reports to confirm productioon figures! If you think producing coins out of year is bad, pity the poor silver collectors when Perth Mint recently re-released silver coins going back to 1992! They can do what they want if they did not produce their target mintage amounts! Here are some figures! 2011 $2 1.8m 2011 $0.10 1.75m Poppy 5.8m 2012 $2 5.9m No 2012 MOR for general circulation! |
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Pillar of the Community
Australia
552 Posts |
It was true in the past the one only needed 2 RAM annual reports to figure mintage out
Not so anymore as they may span mintage over a few years. A good example of these are the $5 state silver proofs. These still had mintages showing in the 2011-2012 report even though they were dated 2006. I had a chat to RAM staff at last year's melb coin show and they advised that RAM will mint coins from previous years until maximum allocation has been reached.
I personally do not agree with this scenario as it maximises profits for mint but reduces potential profit/worth for collectors every time they mint a new batch
Hence one has to wait a few years to ascertain total mintage and true worth of a coin - unless of course it is a collector release that is sold out eg $5 parliament coin or $1 black caviar
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Pillar of the Community
Australia
1005 Posts |
Making coins with the wrong date on them is flat out wrong.
You can not label it 2006 if it's made in 2007.
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Pillar of the Community
Australia
541 Posts |
Why not? Every other Aussie based mint has done it: 1852 Adelaide Pounds were minted in 1853 (Adelaide Assay Office) 1866 Half Sovs were minted in 1869 (Sydney Mint) 1921 plain threepence were minted in 1922 (Melbourne Mint) 1957 proof pennies were minted in 1959 ( Perth Mint). |
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Pillar of the Community
Australia
1005 Posts |
The wrong thing being done in the past does not make doing the wrong thing now ok.
Should they start pumping out 1930 penny's? How about a batch of shiny new 1972 5c? What about $1 mules?
The date of manufacture is a very simple thing, they should put the date the coins are made on them.
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Pillar of the Community
Australia
507 Posts |
While I understand there is a basis for certain commemorative NCLT to be tied to a particular year, I'm not aware of any reputable mint (US, UK, Canada) that currently issues circulation coins with a date other than the year of manufacture.
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Pillar of the Community
Germany
992 Posts |
Quote:
I'm not aware of any reputable mint (US, UK, Canada) that currently issues circulation coins with a date other than the year of manufacture. Well, I consider the five German Mints reputable.  Except for 2002 coinage (when the Euro became ''physical'') and the 2 Euro Commemorative circulation coins (as well as German NCLT) the date on German Euro circulation coins is the date that they were ordered by the Bundesbank, not made. 10 Cent, 50 Cent and 1 Euro coins dated ''2003" and "2004" were actually minted between 2006-2008, as the orders in 2003/2004 exceeded demand. Other example, you can currently find brand new German 2 Euro 2011 ''Eagle'' coins in circualtion. They were minted in 2012 and 2013 as demand for 2 Euro coins exceed expected demand (that could not be met by the 2 Euro CC of those years). But the intial order of 2011 ''Eagle'' was so large that the demand has been met with it. In other words, only after an order is completely carried out a new order is given by the Bundesbank. Edited by redlock
11/17/2013 07:08 am
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Pillar of the Community
Australia
507 Posts |
All I can say to that is the Euro has taken a significant hit in recent times, and that does nothing to inspire confidence, compared to the US Mint which provides updates on a monthly basis...
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Pillar of the Community
Australia
560 Posts |
All I can say is mints can do whatever they want. So can governments.
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Replies: 12 / Views: 3,379 |
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Posted 11/13/2013 12:42 pm
