Author Topic: Official "circulation-like" sets  (Read 10577 times)

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Online <k>

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Re: Official "circulation-like" sets
« Reply #15 on: February 12, 2015, 11:28:32 PM »
In the 1970s, the Franklin Mint produced a collector set for Belize. The circulation coinage of that country showed Elizabeth II on the obverse and a simple denomination on the reverse. However, the Franklin Mint collector coin set  was completely different, using the coat of arms on the obverse and pretty designs of birds on the reverse. The Royal Mint (UK) produced the circulation coinage, while the Franklin Mint produced the collector sets.

The Franklin Mint did the same thing for Guyana. Many people think the same is true of Trinidad's coins of the 1970s, but those coins (which FM designed) actually circulated, until inflation made them useless and only banknotes were used. FM also designed and minted Papua New Guinea's circulation coinage, and it later minted circulation sets for the Bahamas and Jamaica, although the Royal Mint had designed and minted them in the first place.

See also: Franklin Mint circulation pieces for Trinidad and Belize?
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Online <k>

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Re: Official "circulation-like" sets
« Reply #16 on: February 12, 2015, 11:38:19 PM »
FM produced a similar set for Guyana. That country's circulation coinage had entirely different designs.
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Online <k>

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Re: Official "circulation-like" sets
« Reply #17 on: March 08, 2015, 12:25:44 PM »


The British Virgin Islands sets of the 1970s were for collectors only. BVI uses the US dollar only, so these collector coins did not circulate.

The coins were produced by the Franklin Mint. The designs were by Gilroy Roberts, who also designed the USA Kennedy half dollar.
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Online <k>

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Re: Official "circulation-like" sets
« Reply #18 on: March 08, 2015, 12:30:11 PM »
The BVI issued a final collector series in 1985, another "circulation-like" set. I do not know who designed it. Again, it was produced by the Franklin Mint.
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Online <k>

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Re: Official "circulation-like" sets
« Reply #19 on: March 24, 2015, 02:20:25 PM »
There are umpteen sets of ISIS, Andamans, British Virgin Island, Russian Territory of Arctic etc.
where who is in charge and who lives there and who mints coins, is all mixed up.

The British Virgin Islands are a British overseas territory. Britain gives these places as much sovereignty as they can take. The BVI sets were an official issue and therefore listed by Gerhard in his Katalog. The Franklin Mint, a respectable company, produced the sets. A territory's coins can be minted in various countries, of course. The sets from your other examples, Andaman Islands, etc., are definitely fantasies.
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Offline Figleaf

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Re: Official "circulation-like" sets
« Reply #20 on: March 24, 2015, 02:54:45 PM »
I do not agree that the Franklin Mint is a respectable company. Its main products are hot air, untenable expectations and vague non-promises. For me, a piece produced by FM is non-circulating until otherwise proven, not the other way around.

The set you show seems to based on the US dollar, so the one and half are highly unlikely to have ever circulated. The set itself was likely to have been produced for US tourists coming off cruise-ships and paying with US coins and notes. That whittles down the question to whether FM went through the trouble to seed a million or so minor coins in circulation on the islands to give them minimum credibility. As this is an early FM set, the most likely answer is "no".

Mind the repeated use of the word "likely" in the above paragraph. Yet, I think it is a safe bet that they are tourist souvenirs only. Challenge: find a picture of a VF or worse piece of this set on the net.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Online <k>

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Re: Official "circulation-like" sets
« Reply #21 on: March 24, 2015, 03:02:52 PM »
I do not agree that the Franklin Mint is a respectable company. Its main products are hot air, untenable expectations and vague non-promises. For me, a piece produced by FM is non-circulating until otherwise proven, not the other way around.

Peter

The title of this topic is 'Pseudo Sets: Official "circulation-like" issues'. The whole point of it is to identify and show sets that are official but never circulated - even though they LOOK like circulation sets. Collectors can then decide to be wary of these sets, or whatever their attitude is. Since they are official sets, however, the authorities needed to find a trustworthy company. And Franklin Mint was indeed trustworthy and employed several eminent numismatic artists and sculptors. Whether or not you regard their PRODUCTS as respectable is another matter. But this topic is specifically meant to identify such products, and let readers reach their own opinion on them.
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Online <k>

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Re: Official "circulation-like" sets
« Reply #22 on: October 21, 2015, 11:44:53 PM »










Another "circulation-like" set from the Franklin Mint: an official Panama proof set, 1976. This design series was first produced in 1975 by the Franklin Mint. However, none of these pieces ever circulated, but because they were authorised by Panama, they are not fantasies.
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Offline Pabitra

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Re: Official "circulation-like" sets
« Reply #23 on: October 22, 2015, 03:52:17 AM »
Even now, Panama uses US currency but there is a circulation set.
Those coins barely circulate but you do come across them once in a while.
They are not usable on vending machines because their physical specifications are different.

That is apart from 1/2 Balboa which is a complete mmemorative coin, issued every year, on a different theme.

Offline eurocoin

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Re: Official "circulation-like" sets
« Reply #24 on: December 29, 2015, 10:18:22 AM »
The Niue and Pitcairn sets come from the NZ mint, but who minted the Cook Islands set?

The coins have been minted at the BH Mayer Mint. SoftSky Inc. in Sheridan, Wyoming was granted permission to issue this set. All sets have been exclusively distributed by Coin Invest Trust in Liechtenstein.


Offline eurocoin

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Re: Official "circulation-like" sets
« Reply #25 on: December 29, 2015, 10:27:46 AM »
In 2013 the Central Bank of Somalia gave The Commonwealth Mint permission to issue a series of "circulation-like" coins. The denominations of these coins are 5,10,20,50 and 100 shillings.
« Last Edit: June 12, 2019, 01:12:10 PM by <k> »

Offline eurocoin

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Re: Official "circulation-like" sets
« Reply #26 on: June 09, 2017, 09:51:11 PM »
In 2017, a new circulation-like series of coins was issued for Tokelau. Their previous series that was introduced in 2012 can be seen here. The highest denomination in the previous set was 20 cents so they have now extended that. Furthermore the designers initials IRB of Ian Rank-Broadley were added to the portrait on the obverse.


Offline onecenter

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Re: Official "circulation-like" sets
« Reply #27 on: June 09, 2017, 10:45:56 PM »
Too bad the Tokelauan coins do not circulate.  They are very nice designs!
Mark

Offline MORGENSTERNN

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Re: Official "circulation-like" sets
« Reply #28 on: February 04, 2018, 12:02:58 PM »
Transdnestr currency actually does circulate there, but only the paper money - not the coins.  Inflation renders them worthless.

Does those coins circulate at the beginning ?
Even if most of coins available are UNC, you can found sometimes coins with sign of wearing like this one https://www.ebay.fr/itm/Moldova-Transnistria-10-Kopeek-2000-Pridnestrovian-Moldavian-Republic/222409888072?hash=item33c8a99148:g:f60AAOSwWxNYo3j8
Thank you

Online <k>

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Re: Official "circulation-like" sets
« Reply #29 on: February 04, 2018, 01:43:02 PM »
Does those coins circulate at the beginning ?

To know that, you'd have to know the mintage figures, but I can't find them. It's difficult to find information about such tiny countries - and Transnistria isn't even recognised, internationally.

On Tristan da Cunha, some collector coins circulate. They are introduced into circulation by tourist visitors to the tiny island, who buy them at the post office.
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