Manuel AV
Joined: 23 Feb 2019
Posts: 22
Posted: 30 Nov 2021, 13:59
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Posted: 30 Nov 2021, 13:59
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The 25 and 50 schilling silver coins of Austria are classified as non-circulating but each one of them were minted in large numbers, between 1 to 3 million each.
Were they truly not circulating? Any austrian contributor that can help to solve this doubt?
Thanks in advance
mifrjoar
Joined: 25 Dec 2012
Posts: 201
Posted: 1 Dec 2021, 17:55
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Posted: 1 Dec 2021, 17:55
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they are circulate able commerative coins. minted in high numbers and given to the public for face value (standard version). They were available at bank and sometimes banks gave them to public to reduce the high number they had got.
But most shops doesnt liked/accepted them, so they did not circulated.
The 100 and 500 ATS are also matched like this.
Dejan
Joined: 26 Jan 2020
Posts: 755
Posted: 3 Dec 2021, 13:55
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Posted: 3 Dec 2021, 13:55
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From Wikipedia:
"Silver coins were in the value of 25, 50, 100, 200 and 500 schilling, but gold coins also existed for 500 and 1,000 schilling. They were considered legal currency, but were rarely found in actual transactions.“
So I guess those issued in large numbers (more than 100-200 thousand) should be considered (and marked as such) "circulating"
Idolenz
Catalogue referee
Joined: 13 Jul 2013
Posts: 8048
Posted: 3 Dec 2021, 14:56
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Posted: 3 Dec 2021, 14:56
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I can't back it up by text but for all the years I have had this sentence about this topic in my head 'If you could get it for face value we consider such a coin circulating commemorative' ... and as such I acted upon it.
Dejan
Joined: 26 Jan 2020
Posts: 755
Posted: 4 Dec 2021, 22:32
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Posted: 4 Dec 2021, 22:32
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Found another coin similarly marked "non-circulating*, although some 20 million pieces were minted:
https://en.numista.com/catalogue/pieces15202.html
Not only it was minted in so many pieces, the catalogue gives its values in VF, XF... condition.
It seems there's a wider problem with asigning types to coins!
rsirian1
Joined: 20 Nov 2020
Posts: 9380
Posted: 4 Dec 2021, 22:59
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Edited: 4 Dec 2021, 23:11
Posted: 4 Dec 2021, 22:59
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Edited: 4 Dec 2021, 23:11
Quote: "Dejan"Found another coin similarly marked "non-circulating*, although some 20 million pieces were minted:
https://en.numista.com/catalogue/pieces15202.html
Not only it was minted in so many pieces, the catalogue gives its values in VF, XF... condition.
It seems there's a wider problem with asigning types to coins!
That number is over 4 years. Compare to the 360 million for the copper-nickel one. It wasn't intended to be a circulation coin as it was made for the collectors' market. If it did circulate, it was mostly by people that didn't know what they had. Even the copper-nickel ones hardly circulated, too big and too heavy.
They were also sold by the mint for a premium above $1 (silver content was worth $0.57 in 1971).
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