When is a mintage not a mintage?

October 31, 2012

When it's in different packaging of course! The Perth Mint coin collector blog has been discussing this very issue recently with clarification from them that it is highly likely they'll mint more of an issue and release it in different packaging making low mintage coins not as sought after or not as rare as collectors were led to believe.

They'll reword their Certificates of Authenticity to read:

The Perth Mint will release no more than x,xxx of these coins in this packaging.

This lends them approval to mint more of the same coin at a later date and release it in different packaging or in a set with other coins as per the limits approved in the Currency Determinations which are not made public. These maximum approved mintages don't expire so a further striking of a 2012 coin could legally happen in 5 or 10 years time!

Collectors are already fuming with a backlash expected to hit the hip pocket of the Perth Mint.

The full discussion:
Total vs. Certificate mintages

Posted by harrisk at October 31, 2012 1:37 PM
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