Verweis : neilithicMost coins have mintages in multiples of a thousand, like 1,000,000 or 565,345,000. But then you see some countries that have mintages like 45,232,177. Why the extra 177 coins?
It probably started out as a round number. I think odd numbers are usually the end result of adjustments in accounting for things like; coins that were rejected, mis-strikes, damaged, melted, etc..
I personally don't have too much faith in the last 3 digits of mintage figures. And particularly when it was produced in the tens or hundreds of millions.. Unless the coin only had a mintage of say a few thousand.. I think that the logistics involved in producing and accounting for 45,232,177 coins comes with a margin of error. Just like almost everything else has a +-5% margin of error.. And when you read the history of some coinage and learn what an inaccurate job of record keeping they did.
That's why when ever I catalog my coins and I see 45,232,177 I write it down as 45.2 million or 45.232 if I'm using Excel spreadsheet.
So many coins... So little time...