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Modern Royal Mint Proof Sets , Authorized versus Actual Minted or Released?
7Jaguars
Posts: 7,255 ✭✭✭✭✭
OK, will try this again since the Royal Mint does not respond:
On many of the proof sets they have struck for foreign countries in the last 25-30 years, the insert on the set and their original advertising state that so many, say 500 or 1000 sets were authorized. That was intended I presume as a mintage limit and to give an air of exclusivity to the sets.
In fact, many were sold at a time of little interest and probably many fewer were ordered. This was obviously the case for the 1986-88 Cayman island sets where there are interesting reported mintages at lower levels - 300-350 or so, but I think likely the case for others such as Malta, Kiribati, or Jamaica as an example.
I wonder in fact how many were actually struck and then released. And how many were sent to Central Banks to languish in their vaults? It is still possible to order 1997 Barbados Proof sets from their Natl. Bank....
Does anybody have answers?
On many of the proof sets they have struck for foreign countries in the last 25-30 years, the insert on the set and their original advertising state that so many, say 500 or 1000 sets were authorized. That was intended I presume as a mintage limit and to give an air of exclusivity to the sets.
In fact, many were sold at a time of little interest and probably many fewer were ordered. This was obviously the case for the 1986-88 Cayman island sets where there are interesting reported mintages at lower levels - 300-350 or so, but I think likely the case for others such as Malta, Kiribati, or Jamaica as an example.
I wonder in fact how many were actually struck and then released. And how many were sent to Central Banks to languish in their vaults? It is still possible to order 1997 Barbados Proof sets from their Natl. Bank....
Does anybody have answers?
Love that Milled British (1830-1960)
Well, just Love coins, period.
Well, just Love coins, period.
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