Colorful 2$ coins

[DarkDaiver]

Hello guys!
Does anybody now the mintage quantities of 2$ red and orange coins?
Since I've been to Asutralia I didn't found red one, but I got like 6 orange 2 dollars.
Are the mintage quantities so different?

[ausjack]

no figures out yet on the RAM site but going off the 2014 green one probably about 2 million
http://www.ramint.gov.au/two-dollar

[Pedro]

At the time of their launch I think the RAM was flagging mintages of about 1.5m for the red and 2.0m (minimum) for the orange $2. Will get a better (but maybe not final) idea when the RAM Annual report comes out in October.

Pedro

[DarkDaiver]

At the time of their launch I think the RAM was flagging mintages of about 1.5m for the red and 2.0m (minimum) for the orange $2. Will get a better (but maybe not final) idea when the RAM Annual report comes out in October.

Pedro

if so, why orange coin is so much more common than the red one?

[Fulvio]

Does anybody now the mintage quantities of 2$ red and orange coins?

They're all around 1.5-2 million.

Look on my website and you'll find the Decimal Mintages PDF, as well as banknote prefixes. Handy to stick on your iPad or mobile for easy reference on the run.

if so, why orange coin is so much more common than the red one?

Only half the mintage is known to have been shipped and distributed. And that was done very very poorly, with most going to Sydney and immediately being hoarded.

The second half has probably been shipped, and is sitting in Armaguard depots because there's a lot of $2 coin around. Expect them to get to them eventually.. some of the purple Coronations took 9 months to surface!

[SULLA]

FULVIO can you please provide evidence of your claim above:

"Only half the mintage is known to have been shipped and distributed. And that was done very very poorly, with most going to Sydney and immediately being hoarded.

The second half has probably been shipped, and is sitting in Armaguard depots because there's a lot of $2 coin around. Expect them to get to them eventually.. some of the purple Coronations took 9 months to surface! "

Evidence of your claim please!

[LooseChange]

Wrong thread.

[Fulvio]

Evidence of your claim please!

I don't need to provide evidence to you.

Some of the information I receive is attributable, some is not. Based on a variety of sources, observations can be made and conclusions drawn.

Feel free to draw your own conclusions if you don't like mine.

[trout]

As RAM is often unable or unwilling to provide accurate mintage figures on some coin issues it is often that there is some conjecture and speculation as to the actual mintage numbers.
The incused Millennium 50 cent coin is an excellent example.
NO mintage figures for this variety was forthcoming from RAM so many collectors put their theories together and the general consensus is that 200,000 of these coins were produced.
This 200,000 number is not written in stone But it is the best that can be done given the facts known and in all reality it is probably very close :ok:
I imagine that the same sort of logic is being used to determine the mintage figures of these recent mintages of the coloured $2 coins given the Scant information provided by RAM on the subject.



Edit; I put 20,000 instead of 200,000 :blush:

[Fulvio]

As RAM is often unable or unwilling to provide accurate mintage figures on some coin issues it is often that there is some conjecture and speculation as to the actual mintage numbers.

Which is why my decimal mintages PDF is full of questions on many issues.

This is not a simple problem. The RAM are quite secretive on all sorts of things. They are also incompetent both in recording and preserving data. A LOT of the historical record has been destroyed by them, and what remains they won't divulge anyway. And their 'official' figures are a joke, with many inaccuracies.

The other fly in the ointment, at least in the shorter term, is the exclusive arrangement with Armaguard, which has its own issues in the way they do things. Just because they pick up a semi-trailer load from the mint does not mean those coins are going to see the light of day anytime soon, let alone be evenly distributed.

Armaguard don't care at all about what a coin is. To them its all the same. They just look at how much of each denomination a given depot has in stock, and they ship to them accordingly. So if there are ten pallets of coin X, and depot Y needs 12 pallets, guess where ALL those coins are going to go? And once there, if there is an influx of recycled coin collections, those will go back out before they get to the new stock, which can sit there for months, or even years.

This is how all the mules ended up in Perth, and the vast majority of red $2 in Sydney. Its also how after months of chasing coronations with nil results, I picked up a block of rolls by accident 9 months after release. And it sucks, because if you're not in the right place at the right time, you're screwed. I actually gave up hunting new coin entirely, because after 12 months of visiting 35 branches weekly, I found not a single sack of new coins, of ANY denomination!

Its enough to drive you into collecting cabbage patch dolls or something. :diablo:

[Pedro]

Its enough to drive you into collecting cabbage patch dolls or something. :diablo:

I'd like to see that :laugh2:

Pedro

[Fulvio]

Its enough to drive you into collecting cabbage patch dolls or something. :diablo:

I'd like to see that :laugh2:

Pedro

Heh. My ex was into Beanie Kids in a big way, and guess who organised her collection?

[Pedro]

Here's one that dropped in for lunch :grin:



Pedro

[robbiegal]

awww
very cute
my daughter has the blonde one

[JeffH]

Armaguard don't care at all about what a coin is. To them its all the same. They just look at how much of each denomination a given depot has in stock, and they ship to them accordingly.

That is what they are paid to do and they do it reasonably well. I would be fairly sure their contract terms don't include distributing new issues immediately and all over the country.
What does seem fishy, however, is that new coins that have not generally been delivered to the banks appear on the secondary market; and sometimes before an official release date. Think about who might have access to them.