2016-17 Ram Report

[Nevol]

2016-17 Ram Report is now available 

https://www.ramint.gov.au/annual-reports

[Unicorn]

Thanks for that Nevol ..... I've been hoping it would come out soon.

[Pedro]

Excellent Nancy.

Pedro

[Nevol]

Hmmm....Wonder if the RAM are preparing us for the withdrawal of 5c, none minted so far this year. :scratch_one-s_head:

[ausjack]

It's a bloody joke if they do get rid of the 5 cent and if they do the pricing should change to 10 cent increments, and they should have got rid of the cent increments when they got rid of the 1's and 2's :@ I still think their argument that they cost more to make than they're worth is a load of BS as you can still find one's from 1966 and if you take into account that every time one pays for something they're making 10% GST how in the hell can they say they're too expensive to make ARRRRR :dash1:

[ausjack]

All this will do is make the banks more of a profit, but I suppose when your making BILLIONS of dollars profit a year the poor old banks need the extra boost

[ausjack]

Just looking at the report and what the mint has on their page and some of the mintage figures don't line but then that's no great surprise :dash1:
https://www.ramint.gov.au/one-dollar

[Pedro]

Doesn't look like they have added in their 2016/17 figures in yet AJ?

The mintages for the standard 2017 5c - $2 are comparatively light on so far (50c not so much). Explains why some of these have been scarce (at least in my neck of the woods).

Bit strange with the Possum Magic $2s where two have 2.0m mintages but the other only 800K.

Pedro

[redlock]

Thanks for the link Nancy.

Some strange figures for the circulating coin production. But I guess that rather normal for the RAM?

[Unicorn]

Yes, it all gets a bit skewed by the fact that coins are minted for the calendar year and the reports are for the fiscal year, this combined with them doing some minting year overlapping at times. Hence you really need to look at several years annual reports to determine the correct overall mintage for one particular issue.

[redlock]

@Unicorn: Thanks for the information.
The mintage numbers for the 50th Anniversary coinage is the most off?

[Unicorn]

Yes, if they don't make any more of the 50th Anniversary coins the mintages may be:

2015/2016 report 50th anniversary of decimal currency production

5c     4.798m
10c   3.800m
20c   4.510m 
50c   6.911m
$1    0.359m
$2    2.795m

2016/2017 report 50th anniversary of decimal currency production

10c  2.400m
$1   0.202m
$2   0.087m

Total - both years

5c     4.798m
10c   6.200m
20c   4.510m 
50c   6.911m
$1    0.561m
$2    2.882m

[ausjack]

Yes it's hard to work out.
RAM report__________________ RAM site
2016 5 cent   12.0____________22.4,  50th anniversary 4.4
2015 10 cent .009____________14.3                            
2016 10 cent 35.174__________6.8
2016 10 cent 50th ann 2.4_____3.8
2016 20 cent 21.854__________12.4 platypus and 50th ann 4.5
2016 50 cent coa  5.888_______9.8
2016 $1 mor 18.661__________11.5
2016 $1 anzac .298___________1.8
2016 $1 50th ann .202________.3

[runway]

Wondering what's the clamshell referred to?

[Mister T]

Thanks - completely forgot it was that time of the year.

$1    0.561m

Would I explain why I still haven't seen one.