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Olympic commemorative issues: How many is TOO many?
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<p>[QUOTE="mlov43, post: 2539634, member: 16729"]I wonder what others might think is an appropriate number of coins for an Olympic commemorative set, and what would be an appropriate mintage figure?</p><p><br /></p><p>Here is a case to consider:</p><p><br /></p><p>This silver (Ag 92.5%, Cu 7.5%) coin, shown below, is from the last set of coins distributed in September 1988 for that year's Seoul Summer Olympics. It was made in both Mint and Proof finishes. </p><p><br /></p><p><font size="4">This one appears to be of the Mint variety. Interestingly, the Mint strikes of the coins in this last set were rarer than the Proof strikes. While the Korean Mint, Komsco, only made 15,010 of the Mint variety, they went nuts and made 110,200 Proofs. And this was just ONE design out of THIRTY-TWO different coin designs for the Seoul Olympics.</font><font size="3"> </font></p><p><br /></p><p>If you consider that there were TWO finishes (Mint and Proof) for thirty of these coins, that makes 60 different kinds of coins for an Olympic commemorative set! And the mintages for each variety were often in the tens of thousands or hundreds of thousands of pieces.</p><p><br /></p><p><font size="4">After the glow of the Olympics had faded by the following April (1989), the Bank of Korea realized that it still had a sizable number of the total number of these coins left unsold. ...Oh, and that unsold amount just happened to be over 2.5 million pieces! AND retailers in Korea were demanding that the Bank buy back their own unsold stocks of these coins!!</font></p><p><br /></p><p>******</p><p>I think this design is supposed to represent the "Show Jumping" event in Olympic Equestrianism.</p><p>[ATTACH=full]544055[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="mlov43, post: 2539634, member: 16729"]I wonder what others might think is an appropriate number of coins for an Olympic commemorative set, and what would be an appropriate mintage figure? Here is a case to consider: This silver (Ag 92.5%, Cu 7.5%) coin, shown below, is from the last set of coins distributed in September 1988 for that year's Seoul Summer Olympics. It was made in both Mint and Proof finishes. [SIZE=4]This one appears to be of the Mint variety. Interestingly, the Mint strikes of the coins in this last set were rarer than the Proof strikes. While the Korean Mint, Komsco, only made 15,010 of the Mint variety, they went nuts and made 110,200 Proofs. And this was just ONE design out of THIRTY-TWO different coin designs for the Seoul Olympics.[/SIZE][SIZE=3] [/SIZE] If you consider that there were TWO finishes (Mint and Proof) for thirty of these coins, that makes 60 different kinds of coins for an Olympic commemorative set! And the mintages for each variety were often in the tens of thousands or hundreds of thousands of pieces. [SIZE=4]After the glow of the Olympics had faded by the following April (1989), the Bank of Korea realized that it still had a sizable number of the total number of these coins left unsold. ...Oh, and that unsold amount just happened to be over 2.5 million pieces! AND retailers in Korea were demanding that the Bank buy back their own unsold stocks of these coins!![/SIZE] ****** I think this design is supposed to represent the "Show Jumping" event in Olympic Equestrianism. [ATTACH=full]544055[/ATTACH][/QUOTE]
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Olympic commemorative issues: How many is TOO many?
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