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How should you Look at NGC's Mintage #s?
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<p>[QUOTE="iPen, post: 2336020, member: 69760"]Do the mintage numbers shown on NGC's site for each coin already take into account any official melts of those coins? Or, does "Mintage" simply mean the number of coins produced at the time of minting? </p><p><br /></p><p>I can see the former making sense as that would be the effective upper population of that coin. However, I can see the latter making sense, too, as all we know for sure are the Mints' mintage reports for that coin at the time of minting, as that's more factual. </p><p><br /></p><p>The exception that I can see is when the various Mints report that they immediately melted down some of the coins, or if years later the Mints reported the numbers of their leftover stock were melted down.</p><p><br /></p><p>For instance, NGC shows this below. The only reason for there to be an "est." next to the 2M mintage number is if that Mintage amount already takes into account the melted coins. Is that the correct way of looking at it, or is there some other way of looking at this?</p><p><br /></p><p>Thanks in advance!</p><p><br /></p><p><br /></p><p>[ATTACH=full]474196[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="iPen, post: 2336020, member: 69760"]Do the mintage numbers shown on NGC's site for each coin already take into account any official melts of those coins? Or, does "Mintage" simply mean the number of coins produced at the time of minting? I can see the former making sense as that would be the effective upper population of that coin. However, I can see the latter making sense, too, as all we know for sure are the Mints' mintage reports for that coin at the time of minting, as that's more factual. The exception that I can see is when the various Mints report that they immediately melted down some of the coins, or if years later the Mints reported the numbers of their leftover stock were melted down. For instance, NGC shows this below. The only reason for there to be an "est." next to the 2M mintage number is if that Mintage amount already takes into account the melted coins. Is that the correct way of looking at it, or is there some other way of looking at this? Thanks in advance! [ATTACH=full]474196[/ATTACH][/QUOTE]
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