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Charlton Standard Catalogue Listing Of Silver Penny 5coin Set And 5oz Penny

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Redzapsid's Avatar
Canada
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 Posted 08/22/2016  9:21 pm Show Profile   Bookmark this topic Add Redzapsid to your friends list Get a Link to this Message Number of Subscribers
I was just flipping through the Charlton standard catalogue 2015 edition and noticed that the mintage listed for the silver 5 coin set from the farewell to the penny series is listed at 5,001 instead of 5,000 while the 5 oz is listed as 1 coin short of a 1500 coin sell out. I was wondering if this is the same mintage listed in the newest edition and if so, and the numbers are correct, how they slipped the 5 extra coins in to make the extra set. And also, with this series being a huge success, it's hard to imagine the 5 oz not selling out.
Any ideas?
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Canada
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 Posted 08/22/2016  9:34 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Typos error
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Redzapsid's Avatar
Canada
1571 Posts
 Posted 08/22/2016  9:44 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
Is it corrected in the 2016 edition? (If it's out yet). It seems Odd to have 2 typos in one series.

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commems's Avatar
United States
12253 Posts
 Posted 08/22/2016  10:00 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
The Charlton Catalogue uses the mintage figures provided by the RCM. If you look at the numbers the RCM listed in its 2012 and 2013 Annual Reports for the two products you've mentioned you'll find that they match what is in Charlton.

It is certainly possible that the 1,499 mintage for the five-ounce coin is a matter of a coin being damaged such that it could not be sold and it was not subsequently replaced with a fresh strike. If you look at the mintage figures for each of the coins that the RCM has listed as "Sold Out," you will find that almost all come close to the stated maximum mintage figure but do not reach it exactly - it's almost always a case of damaged coins that were either returned or detected internally and not replaced with additional strikes.

The extra set listed for the five-coin set is a bit more problematic as the RCM should never release more than its published maximum mintage.

Of course, it might simply be a case of someone accidentally mis-categorizing a "five-ounce coin" as a "five coin set" and it not being caught before the figures were published in the pertinent Annual Reports.

In either case, being one coin or set off does not have any impact on the value the market assigns to either.


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Canada
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 Posted 08/22/2016  10:21 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
I'm not concerned about the value assigned to them based on 1 coin less, it was more so the extra 5 coin set that got me scratching my head.
I assumed the coin missing was one that was written off as defective, or returned and misplace or something. But to have 5 extra coins making up a set just seems like an impossible scenario to me. I guess we really are just taking their word for it when it comes to mintage though. I'm sure only a handfull of people would have to be involved to make an extra coin here or there. I've heard of replacement COAs being produced for coins/COAs that are in mint condition.
In fact, I believe there is a thread on this forum where 2 people had coins with matching COAs with the exception of a letter indicating one of the COAs was a replacement. Who knows what it was a replacement for?
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