![]() If after a reasonable period of time we judge the market no longer has any interest in the coin, or for some other reason it is no longer viable, we close-off production and declare the mintage.Ī declared mintage is the final number that will ever be made available for sale, even though the declared figure falls short of the original maximum mintage stated by the Mint. ![]() What is declared mintage?īut what happens if the maximum mintage is not taken up by collectors? Obviously it does not make sense for any Mint to keep making a coin if the mintage is unlikely to be sold out. Collectors can be 100% certain that we’ll never make any more. Say we receive orders over the next few months for the maximum mintage, production will cease immediately and we’ll announce the coin as ‘sold out’. This means The Perth Mint will issue up to 20,000 of these coin as Australian legal tender. Take the Australian Kangaroo 2016 1oz Silver Proof High Relief Coin – it has a maximum mintage of 20,000. Today, the vast majority of our modern collectables are issued with a specific mintage limit. Mintage figures are valuable to collectors because they provide guidance about ‘rarity’. Thanks to mintage records at The Perth Mint, for instance, we know that we issued precisely 4,096,771 gold sovereigns 100 years ago in 1916. The total number for each coin is known as the mintage. ![]() Mints keep historical records of how many coins they strike and issue. Welcome to new collectors who might be wondering about coin mintages and are stumped by some of the language associated with the topic.įor example, if you’ve pondered ‘maximum mintage’, ‘declared mintage’, and ‘issue limit’, this article is here to help.
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