|
This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!
To participate in the forum you must log in or register. | Author |
Replies: 10 / Views: 2,822 |
|
|
Valued Member
Australia
248 Posts |
I've been trying to obtain a complete set of circulating Australian coins for almost 20 years, but I've been continually thwarted by the lack of 10c coins dated 1985 and 1997, as well as the lack of 20c coins dated 1983, 1984, 1985 and 1988.
I'm well aware that many of the 20c coins produced during the mid 1980s were melted down, but no one has been able to prove conclusively that a small number of rolls weren't released into circulation, and this has left me wondering what a "complete set of circulating 20c coins" actually is.
I contacted the mint back in 2009 to try to clarify this situation, and they told me they had an unpublished report proving that the 1988 20c coins were released into circulation, along with the 1985 and 1997 10c coins, but that the status of the 1983, 1984 and 1985 20c coins was unknown.
Although I thought that would be the end of the matter, people keep claiming to have found 20c coins dated 1983, 1984 and 1985 in circulation, and I'm unable to determine whether these came from mint sets or from a small number of rolls that were accidentally released into circulation by the mint.
Similarly, the number of people who report finding 20c coins dated 1988 in circulation is much smaller than I would have expected for a mintage of 200,000, so I'm unable to determine whether those that remain came from mint sets, or were deliberately released into circulation by the mint.
In order to settle this matter once and for all, and remove any subjectivity from it, have any hard-core collectors who have noodled over 100,000 20c coins kept any reliable statistics that would allow us to compare the frequency of circulating 1983, 1984, 1985 and 1988 20c coins with that of the known mint set only releases, such as 1986, 1987, 1989, 1990, 1991, 1992 and 1993, to see whether the former occur more frequently than the latter?
This should be a good proxy for determining whether the 1983, 1984, 1985 and 1988 20c coins really are mint set only releases, or whether a small number of them actually were released into circulation by the mint.
Otherwise, the meaning of a "complete set of circulating 20c coins" will remain inherently ambiguous and subjective, and I'll never really know whether I've achieved this goal or not. Edited by Hercules 01/29/2016 09:08 am
|
|
|
|
Pillar of the Community
Australia
7096 Posts |
 To the forum. Try to get a copy of MacDonald's, it doesn't have to be the latest edition. You will find all the mintage figures and which coins are mint set only in there.
|
|
Pillar of the Community
Australia
762 Posts |
Quote: In order to settle this matter once and for all, and remove any subjectivity from it, have any hard-core collectors who have noodled over 100,000 20c coins kept any reliable statistics that would allow us to compare the frequency of circulating 1983, 1984, 1985 and 1988 20c coins with that of the known mint set only releases, such as 1986, 1987, 1989, 1990, 1991, 1992 and 1993, to see whether the former occur more frequently than the latter? I can see your logic there but just to complicate things further the mint sets also have different mintages. The 1984 is 150,000 whereas the 1988 is 240,000. Also "loss rate" of coins released into circulation 30 years ago would be higher than those that may have been released from mint sets just in the last few years. Given the miniscle sample involved I don't think it would be possible to prove that a few rolls were released into circulation or not. But thats not necessarily a bad thing. It is the ambiguities and mysteries that keep coin collecting so interesting.
|
|
Pillar of the Community
Australia
2180 Posts |
With regards to the 10c pieces - I've found both in change. I think I've seen two or three of the 1985 but I don't remember how many 1997 (probably more - the 1985 was the hardest). I don't look through large numbers of 10c pieces though.
I've never seen a 1983, 1984, 1985 or 1988 20c in change. I think rolls are reported for 1983 and 1984, and I recall seeing a 1988 roll in a Downies auction a few years ago (I don't recall the details though). Someone has said they've found more wavy 1966 20c pieces than 1985 20c pieces so I'm inclined to think they are mint set only at that rarity. It's also possible that the reported 1985 mintage was 1984 dated coins. Also worth noting is that the 1988 20c was considered a mint set only coin until fairly recently though I'm not sure what prompted the change.
Did you request a copy of this unpublished report? That would be interesting I think.
|
|
Valued Member
Australia
401 Posts |
The only one on your list that I have found is the 1997 ten cent piece. Plenty of those in circulation. I collect 10 of each year and denomination, as have 10 of the 1997's
|
|
Valued Member
 Australia
248 Posts |
Quote: Try to get a copy of MacDonald's, it doesn't have to be the latest edition. You will find all the mintage figures and which coins are mint set only in there. Thanks for your advice. I get all my mintage figures directly from the RAM website, including their annual reports, because I believe that first-hand sources are more accurate than second-hand ones. Although I'm sure MacDonald's is good, they're ultimately just repeating the figures provided by RAM. Quote: I can see your logic there but just to complicate things further the mint sets also have different mintages. The 1984 is 150,000 whereas the 1988 is 240,000. Also "loss rate" of coins released into circulation 30 years ago would be higher than those that may have been released from mint sets just in the last few years. I'm well aware of this problem, but I'm hoping it won't make too much difference to the actual result. If it does, then we'll just have to account for this as well. Quote: Given the miniscle sample involved I don't think it would be possible to prove that a few rolls were released into circulation or not. I guess there's always going to be a bit of ambiguity here, but I would expect at least several hundred, if not several thousand, examples to be released into circulation before I consider it to be a truly circulating coin. Anything less than that, and it seems doubtful (but not impossible) that the mint was involved. Anything more than that, and we should be able to detect the presence of these coins using the above method. Regardless of how many 20c coins dated 1983-1988 were released into circulation, they must eventually be found by someone, and the number of such people on coin forums such as this ought to give us an indication of where the coins came from. Assuming that all the 20c coins dated 1983-1988 found in circulation came from mint sets, does the attrition rate for any of these particular mint sets seem excessively large? I could understand 1% ending up in circulation, but not 10%. Quote: With regards to the 10c pieces - I've found both in change. I have no doubt the 1985 and 1997 10c coins are out there, but they're still incredibly difficult for me to find. I reckon they dumped all the 1997 10c coins in Perth, in order to keep them as far away from the east coast as possible. Nevertheless, I've found plenty of 1991 10c coins, which is odd considering that they had a lower mintage than the 1997 ones. I've seen so many now that I keep forgetting to collect them, having decided long ago that they were common. As a result, I doubt the mintage of the 1997 10c coin was anywhere near as high as the mint says it is, although I still believe it's higher than the 1985 one. Quote: I've never seen a 1983, 1984, 1985 or 1988 20c in change. I think rolls are reported for 1983 and 1984, and I recall seeing a 1988 roll in a Downies auction a few years ago (I don't recall the details though). Someone has said they've found more wavy 1966 20c pieces than 1985 20c pieces so I'm inclined to think they are mint set only at that rarity. It's also possible that the reported 1985 mintage was 1984 dated coins. I don't think the lack of a mint roll proves 20c coins weren't minted for circulation in 1985, because there was a person selling a collection of mint rolls of 10c coins on ebay last week, and one of the only years he was missing was 1985. However, you and many others have found 10c coins dated 1985 in your change, so the lack of a mint roll for 1985 doesn't prove anything. Considering that all the other denominations besides 5c were minted for circulation in 1985, and that they all bore the date 1985, I have no reason to doubt that this was also the case for the 20c, and that all the 1985 20c coins minted for circulation were melted down with the ones from 1983 and 1984. The decision to halt the production of circulating coinage seems to have occurred halfway through 1985, and several million 20c coins dated 1985 could have been easily minted before then. These would have been held in storage for a number of years, before they were eventually destroyed. Quote: Also worth noting is that the 1988 20c was considered a mint set only coin until fairly recently though I'm not sure what prompted the change. This is very interesting, because it implies that insufficient numbers of 1988 20c coins have been found in circulation to consider it to be a circulating coin. I have no idea where the mint got its figure of 200,000 coins from, but it looks suspiciously small. Even if the mint had wanted to release some 20c coins in 1988, it would have made better sense to use those dated 1983, 1984 and 1985, which would have still been sitting in their warehouses, waiting to be either used or destroyed. Can you prove that a mint roll of 1988 20c coins actually exists, or are you confusing this with the 10c coin? Does anyone have any idea what else the 1988 mintage of 200,000 20c coins could have consisted of? Could the mint be confusing them with NCLT, like they did with the 1992 Mob of Roos $1 coin? Quote: Did you request a copy of this unpublished report? That would be interesting I think. I did request a copy of this report, but they refused to give it to me because it was only a draft, and not yet ready for public release. I expected them to publish it on their website, but I'm sure that if they had, you would have seen it by now. I'm planning to follow up with them to see what happened to it, but it all depends on how busy I am.
Edited by Hercules 02/01/2016 10:04 am
|
|
Pillar of the Community
Australia
2180 Posts |
Quote: As a result, I doubt the mintage of the 1997 10c coin was anywhere near as high as the mint says it is, although I still believe it's higher than the 1985 one. Possibly. I've found all of mine on the East coast, but I still think regional distribution is an issue. I look at the number of 1992 small SD/large SD 5c pieces I find and for me it's close to a 50/50 split, yet I know that someone else has closer to a 75/25 split (in a different state I believe). Quote:I don't think the lack of a mint roll proves 20c coins weren't minted for circulation in 1985, because there was a person selling a collection of mint rolls of 10c coins on ebay last week, and one of the only years he was missing was 1985. However, you and many others have found 10c coins dated 1985 in your change, so the lack of a mint roll for 1985 doesn't prove anything. Considering that all the other denominations besides 5c were minted for circulation in 1985, and that they all bore the date 1985, I have no reason to doubt that this was also the case for the 20c, and that all the 1985 20c coins minted for circulation were melted down with the ones from 1983 and 1984. The decision to halt the production of circulating coinage seems to have occurred halfway through 1985, and several million 20c coins dated 1985 could have been easily minted before then. These would have been held in storage for a number of years, before they were eventually destroyed. I don't disagree - I was using it more to suggest that circulation coins for 1983, 1984 and 1988 are reasonably likely given the existence of mint sets. I think a read of the actual annual reports may be worthwhile anyway because while McDonald notes the 1983 and 1984 coins were melted, there's no mention of the 1985. Quote: This is very interesting, because it implies that insufficient numbers of 1988 20c coins have been found in circulation to consider it to be a circulating coin. I have no idea where the mint got its figure of 200,000 coins from, but it looks suspiciously small. Maybe - the footnote in McDonalds says "a RAM Report shows 174,000 were coins were minted for circulation". Maybe it's not necessarily an annual report, or someone had a closer read of the annual report and bought it to his attention. I don't think anyone has been finding them in numbers. Quote: Even if the mint had wanted to release some 20c coins in 1988, it would have made better sense to use those dated 1983, 1984 and 1985, which would have still been sitting in their warehouses, waiting to be either used or destroyed. It's possible that the 20c pieces had been sold to the Reserve Bank and melted by them before 1988. I'm not sure just who ordered and actually carried out the melting - it would seem wasteful for the mint to do it because it's a waste of effort (and money) to melt coins which are going to be needed sooner or later. Quote: Can you prove that a mint roll of 1988 20c coins actually exists, or are you confusing this with the 10c coin? Does anyone have any idea what else the 1988 mintage of 200,000 20c coins could have consisted of? Could the mint be confusing them with NCLT, like they did with the 1992 Mob of Roos $1 coin?
I don't believe there was an image so it's not entirely conclusive but I do believe it was 20c pieces as it said it wasn't recorded in McDonalds (all other denominations do have recorded rolls though). I don't remember which Downies auction it was but I joined here about the middle of 2011 and it was sometime after that (I don't think it was last year either).
|
|
Valued Member
Australia
185 Posts |
Hello Hercules and others
I can confidently tell you, with 100% certainty,and after over 40 years experience, that there weren't any 20c coins issued into general circulation by the RAM from 1983 to 1993 and 1995 - that's 12 years. The RAM's coin mintage figures are, at best, disappointingly unreliable. Check their mintage figure for the 1992 Barcelona $1 : from memory I think it states a 1992 Mob of Roos, and in some instances the RAM's mintage figures for some denominations even state there weren't any minted at all eg, 1995 Platypus 20c ?. Terrible.
The only way you can get any of the above 20c, as you probably realise, is from mint sets. Just be careful with the 1985 20c, many of which have a useless grey toning, and the 1993 20c which are extremely difficult to get in true Gem condition because many of them in the 1993 mint sets can have a few very fine scratches on the obverse.
Hope this is of some help.
|
|
Valued Member
 Australia
248 Posts |
Quote: I was using it more to suggest that circulation coins for 1983, 1984 and 1988 are reasonably likely given the existence of mint sets. I'm really not sure what you're getting at. Mint sets have been released every year, excluding 1967 and 1968, and their existence has little to no bearing on which coins are circulated. Although there were fewer mint sets created in 1985 as compared to other years, they are still plentiful, and I can see no reason why coins from these mint sets were less prone to accidental circulation than those from others. Quote: I think a read of the actual annual reports may be worthwhile anyway because while McDonald notes the 1983 and 1984 coins were melted, there's no mention of the 1985. Do you know where I could get a copy of these reports from? I only have the ones published on the RAM website, which date back to 2000, but I'd love to see the earlier ones so I can analyse their figures. This might help me to figure out which figures are reliable and which aren't. Quote: McDonald notes the 1983 and 1984 coins were melted, there's no mention of the 1985. I believe this to be an error on the part of McDonald, due to the fact that the mintage of 1983 and 1984 20c coins was much larger than that of the 1985 ones, so it was obvious that the 1983 and 1984 coins had been melted down, but not the 1985 ones. As a result, information about the 1985 20c coins was deliberately left ambiguous, and McDonald forgot to update this section of his guide when further information was known. Unfortunately, we'll never really know for sure what happened to these coins, but a mintage of 2.7 million is certainly believable, and fits with the overall pattern of 1985 being a low-mintage year. Quote: I can confidently tell you, with 100% certainty,and after over 40 years experience, that there weren't any 20c coins issued into general circulation by the RAM from 1983 to 1993 and 1995 - that's 12 years. Quote: and in some instances the RAM's mintage figures for some denominations even state there weren't any minted at all eg, 1995 Platypus 20c ?. Terrible. You're probably right about the 1983-1993 20c coins, but not the 1995 one. I have already found two 1995 20c coins in circulation, and they both have the commemorative "United Nations" design on them, rather than the traditional platypus one. The mint is very upfront about putting this coin into circulation, and because many other people claim to have found it in circulation, I find it hard to believe that this isn't a circulating coin. Conversely, the mint has never claimed to release the standard platypus design of the 1995 20c coin into circulation, and their website rightly indicates that this is a mint set only release. Regarding the 1988 20c coin, my statistics show that if the full 200,000 coins listed on the mint's website had been released into circulation, then about one in every 10,000 20c coins would be dated 1988. This is much lower than the estimate for the "Wavy" 1966 20c coin, which varies between about one in every 20,000 coins and one in every 50,000 coins. Thus, if the mint really did release the 1988 20c coin into circulation, then it ought to be much easier to find than the "Wavy" 20c coin, which most collectors claim it isn't. Hence, I'm inclined to agree with you that it was never released into circulation, just like the 1983-1985 20c coins and the 1992 $1 coin.
|
|
Valued Member
Australia
185 Posts |
Hello Hecules
If you Google RAM.gov.au, click on to the top for " design and products ", you'll find on the left panel the range of Australian coins. Click on to eg. 20c, and the ( ad hoc )mintage figures for 20c will come up.
As for finding coins that were never released into circulation by the RAM, Crown casino has given me, and others, quite a few never released coins, and older scarce banknotes in change over the years. a 2001 Navy $1, Olympic $'s, many unreleased 20c and 50c coins, a brand new 2001 Federation $5 etc. These coins and banknotes once belonged to collectors who had their houses burgled and the thieves took the coins and banknotes to the casino.
The RAM website mintage figure only became reliable and some what coherent in the last 10 years or so. Before this time, the RAM's mintage figures, and coins actually minted especially from 1983 to 1995, was very unreliable....a good example of the bureaucratic " best practices " syndrome. Mintage figures for eg. 2014 are only up to the end of June 2014 which is the RAM's cut off for production figures, although 2014 coins continued to be produced past June 2014. The final coin production figures for 2014 won't be available until after the RAM's 2017 annual report is tabled towards the end of 2017.
|
|
Pillar of the Community
Australia
2180 Posts |
Quote: I'm really not sure what you're getting at. Mint sets have been released every year, excluding 1967 and 1968, and their existence has little to no bearing on which coins are circulated. Sorry - given the existence of mint rolls I meant. Quote: Do you know where I could get a copy of these reports from? I only have the ones published on the RAM website, which date back to 2000, but I'd love to see the earlier ones so I can analyse their figures. This might help me to figure out which figures are reliable and which aren't. Possibly your nearest state library. My nearest is in Brisbane and it doesn't have many annual reports I don't think but I believe the ones in Sydney and Melbourne have late 1970s or early 1980s and on (but check). Quote: As a result, information about the 1985 20c coins was deliberately left ambiguous, and McDonald forgot to update this section of his guide when further information was known. Yes, I suspect they may have been melted too.
|
| |
Replies: 10 / Views: 2,822 |
|
To participate in the forum you must log in or register.
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use
|
| Coin Community Forum |
© 2005 - 2026 Coin Community Forums |
| It took 0.35 seconds to rattle this change. |
 |
|
| |
| |