Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics Coin, Banknote and Medal Collectors's Online Mall Shop for APMEX Bullion on eBay!Join Thousands of Coin, Bullion, & Money Collectors 300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


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!

Do You Trust Krause Mintages Figures?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 2 / Views: 2,089Next Topic  
Pillar of the Community
DL20K's Avatar
Poland
3201 Posts
 Posted 02/09/2010  05:38 am Show Profile   Bookmark this topic Add DL20K to your friends list Get a Link to this Message Number of Subscribers
I have found a coin that has a 32,000 mintage. However, that's according to Krause.

Years ago, I have found a coin that supposedly had a mintage of 50,000 only to find that in a newer Krause it was actually around 130,000,000. That's not a small difference, is it? It works the other way round too. Some Singaporean 20 cent pieces were reported to have 700+ million mintages, while now they're saying it's below 200 if I remember correctly.

So, how sure can I be that my 32,000 coin doesn't turn out to be a 200 million one next year?
Moderator
Learn More...
Sap's Avatar
Australia
16826 Posts
 Posted 02/09/2010  06:56 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Unfortunately, you can't, unless you've got access to a local catalogue or an official mint report for that country which might have more reliable mintage figures.

I should also point out that it can just as easily work backwards; perhaps the "old mintage" was correct after all, and the "new mintage" somehow got edited in erroneously.

It may be some comfort to know that such errors are rare, and therefore the probability of the reported mintage of any one given coin being wrong is quite low. However, if you've got thousands of different coins in your collection, the odds are cumulative, and there's a pretty good chance that at least one of them is wrong.

Not that it seems to matter much, as far as determining values is concerned; I'm sure the catalogue prices didn't change at the same time to reflect the perceived change in rarity.
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
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 02/10/2010  1:30 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Another problem is the font they use is pretty small. If it says 32,000 it is thirty two thousand, but if it says 32.000 it is thirty two million and sometimes telling the difference between that comma and the period can be difficult.
  Previous TopicReplies: 2 / Views: 2,089Next Topic  

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 0.18 seconds to rattle this change. Forums