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1944 NFLD. DECIMAL

(The following copyrighted item by Jerry Himelfarb first appeared in Canadian Coin News, and is reprinted here with permission of the author.)


This paper is being written to discuss the Rare/Scarce/Rare appearance of the 1944 NFLD. 1 cent/5 cent/10 cent pieces respectively as the appear in the marketplace and why. I recently wandered through a copy of a 1983 edition of "Currency and Medals of Newfoundland". In this process it became apparent to me as to why the above coins are so difficult to find.

The problem starts in 1941. The RCM is running a 24 hour / 7 day operation to deal with the backlog of Canadian issues. The issues respective of the planchets' silver content being .800 (80%) verses .925 (92.5% Sterling) in NFLD. This causes a major delay in minting for the RCM due to retooling. The result is 1941 minting spills over to 1942, 1942 spills over to 1943 and 1943 to 1944. The final complication is the changing of the 1917 Currency Act to alter that silver content in NFLD. coins to conform to the .800 as used in Canadian issues.

The focus here is the 1944 year and why the lack of 1944 issues.Thus;

Order for June 1943 issued by Ira Wild.

100,000 10 cent pieces
400,000 5 cent pieces
1,000,000 1 cent pieces

The point of interest on page -79 of "Currency and Medals""It was unable (RCM) to provide Double Wild's order of June"

Therefore, because of excessive delays incurred Ira Wild doubled the order size to;

ITEM 1

200,000 10 cent pieces
800,000 5 cent pieces
2,000,000 1 cent pieces
The officially accepted mintage figures for 1943 are;

ITEM 2

1 cent - 1,239,732
5 cent - 351,666
10 cent -104,706

By comparing Item 1 with Item 2 we find the balance to be carried forward as follows;

To be minted in 1944 to satisfy the 1943 order outstanding;

760,268 1 cent pieces
448,334 5 cent pieces
95,294 10 cent pieces

Starting Feb. 25 1944 the following orders were rec'd

ITEM 3

470,798 1 cent pieces
135,414 5 cent pieces
70,638 10 cent pieces

Order rec'd on Mar 1

312,668 1 cent pieces
Order rec'd on Mar 9

545,310 1 cent pieces
54,303 5 cent pieces

Order rec'd on June 20
80,833 10 cent pieces
Order rec'd on July 22
96,787 5 cent pieces

1944 year complete


Analysis

Starting with the 1 cent pieces the outstanding balance for 1943 was 760,268.Since 470,798 were minted in 1944 Feb-25 the remaining balance is 289,470.On Mar 1 312,668 1 cent were rec'd leaving a balance of 23,198 1944 1 cents.On Mar 9 an additional 545,310 1 cent pieces were rec'd for a total of 23,198 + 545,310 = 568,508 1944 cents. Now for the 5 cent pieces???!!!

The balance carried forward of 1943 5 cents to-be minted was 448,334 pieces.On Feb 25 135,414 5 cent pieces were rec'd leaving a balance of 312,920 pieces.On Mar 9 54,303 5 cent pieces were rec'd leaving a balance of 258,617 pieces.Finally, on July 22 1944 96,787 5 cent pieces were rec'd??!!

The balance of 161,830 1943 5 cent pieces left to be minted conflicts with the year end of July 22 as in previous years overflow continued into Nov. and Dec. of the year not in 1944 this also this means no 1944 5 cent pieces were issued in 1944 even though the mint had plenty of time to do so. My conclusion is that the numbers are wrong. I say this because the number 312,668 stands out and here's why. If we assume that number 312,668 was not 1 cent pieces but 5 cent pieces than the balance of 5 cent pieces was achieved on Mar 1. Thus 1944 1 cent pieces didn't start rolling out until Mar 9.The 760,268 - 470,798 = 289,470. The 545,310 issued on Mar 9 composed of 289,470 1943's and ONLY 255,840 1944's. The 10 cent pieces are just as interesting.

The balance brought forward is 95,294 10 cent pieces from 1943.

70,638 were rec'd on Feb 25 leaving a balance of 24,656 10 cent pieces left for the 1943 group. On June 20 80,833 10 cent pieces were rec'd . 80,833 - 24,656 = 56,177 10 cent pieces dated 1944!!

The final for the 5 cent pieces is 151,090 although not as dramatic is still of interest.

The final tally is;

1944 1 cent = 255,840
1944 5 cent = 151,090
1944 10 cent = 56,177

I hope the preliminary assessment creates some interest in re-aligning the skewed mintage figures.




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