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Thread Title: 1912 - 1914 Canada $5 & $10 Hoard Being Sold!
Created On Thursday November 29, 2012 5:07 PM
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candy2012mustang
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Thursday November 29, 2012 5:07 PM

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Check it out-

http://www.mint.ca/store/product/1912.jsp?campaignName=war1912&pId=1200006&lang=en_CA

"" Most of the coins would never reach the hands of Canadians; instead, they would be entrusted to the secure vaults of Canadian banks, the Department of Finance and, eventually, the Bank of Canada. The coins remained in cloth bags in the Bank of Canada's vaults for more than 75 years, fading from memory into the veiled treasuries of history until now.""

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CaptHenway
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Thursday November 29, 2012 5:26 PM

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Holy Bleep, Batman! That's the Royal Canadian Mint selling 1912-1914 $5 & $10 gold coins!

A complete set of six for only $12,000 Canadian!

Linky, eh?

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Pokermandude
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Thursday November 29, 2012 5:36 PM

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In before the cries "wrong forum!"

By the way, these 1912-1914 Candian gold $5 and $10 coins were minted with the same specifications as the US $5 and $10 coins of the time period. 8.36g and 16.72g of 90% gold, respectively.

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Kaelasdad
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Thursday November 29, 2012 5:48 PM

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Imagine if the USMINT did this ......yummm

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candy2012mustang
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Thursday November 29, 2012 5:51 PM

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Remind anyone of the GSA morgans?

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Walkerguy21D
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Thursday November 29, 2012 5:56 PM

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Very cool - thanks for posting.



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Brol
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Thursday November 29, 2012 6:12 PM

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I'm still waiting for 1895 business strike Morgans to be found in Government vault

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messydesk
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Thursday November 29, 2012 6:34 PM

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There must have been very few "premium" 1912 $10s. The other 5 coins bought as singles (if some weren't sold out) would be $6125. A "non-premium" set of 6 is a rather reasonable $4500.

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John
President, Society of Silver Dollar Collectors Imaging Prime number set My commem set Imaging at Chicago ANA, table 738

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copperhunter
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Thursday November 29, 2012 6:56 PM

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I wonder if matrix purchased any?

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Chris' Non-Red Lincoln Set 1909-1958
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MsMorrisine
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Thursday November 29, 2012 7:17 PM

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I want some for First Strike!

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BST's: me as a buyer: mbogoman, smokincoin, INXS, Raybob15239, 57loaded, Bochiman, wondercoin, drwstr123, weather11am, ianrussell @ gc & seller: wondercoin

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tydye
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Thursday November 29, 2012 7:41 PM

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Wow! That is cool! If I had 12K to blow I would pick up a set

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candy2012mustang
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Thursday November 29, 2012 7:57 PM

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You could buy singles!

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Yukoncornelius1
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Thursday November 29, 2012 8:25 PM

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Thanks for posting this, I just purchased a 1913 $5 gold piece for $500 and a 1914 $10 gold piece for $1,000 hopefully the cheaper ones are at least nice AU coins. You know I just love silver and gold...silver and gold...

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messydesk
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Thursday November 29, 2012 8:31 PM

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<< I want some for First Strike! >>


POTD! Is there vanity label guidance for these yet?

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John
President, Society of Silver Dollar Collectors Imaging Prime number set My commem set Imaging at Chicago ANA, table 738

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Realone
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Thursday November 29, 2012 8:32 PM

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2 questions:
are they being sold at melt with all the fees etc
how many were found in the bank hoard?

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candy2012mustang
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Thursday November 29, 2012 8:38 PM

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""""Approximately 245,000 King George V $5 and $10 gold coins dated 1912, 1913 or 1914 are currently held in the Exchange Fund Account (EFA), controlled by the Minister of Finance. To liquidate these physical assets and convert them into high credit quality, marketable fixed income securities, 30,000 of these coins were hand-selected for sale as high-quality treasures of Canada's numismatic past. The remaining coins bearing imperfections from handling or environmental conditions will be melted and refined into pure gold by the Mint, which will convert them into a tradable, liquid asset.

The following coins are being made available to the public:

Premium Hand-Selected 6-Coin Set (140 sets - $12,000 each)
Premium Hand-Selected 1912, 1913 and 1914 $5 single gold coins (291 coins - $875 each)
Premium Hand-Selected 1913 and 1914 $10 single gold coins (4,869 coins - $1,750 each)
Hand-Selected 1912, 1913 and 1914 $5 single gold coins (5,050 coins - $500 each)
Hand-Selected 1912, 1913 and 1914 $10 single gold coins (18,950 coins - $1,000 each)
These exclusive collectibles are being offered in Premium Hand-Selected and Hand-Selected categories to provide flexible pricing options while delivering the high product quality our customers expect.""""

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GrumpyEd
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Thursday November 29, 2012 8:40 PM

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<< Remind anyone of the GSA morgans? >>



Yes it does!

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MsMorrisine
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Thursday November 29, 2012 8:41 PM

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<< To liquidate these physical assets and convert them into high credit quality, marketable fixed income securities, >>



now THAT is funny.


post that on the Precious Metals forum and everyone will be laughing.

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BST's: me as a buyer: mbogoman, smokincoin, INXS, Raybob15239, 57loaded, Bochiman, wondercoin, drwstr123, weather11am, ianrussell @ gc & seller: wondercoin

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Yukoncornelius1
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Thursday November 29, 2012 8:42 PM

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<< 2 questions:
are they being sold at melt with all the fees etc
how many were found in the bank hoard?
>>



I didn't see anything on their site indicating how many were found but only around 350,000 $10 gold pieces were minted total and just under 300,000 $5 gold pieces were minted so much less supply of Canadian gold coins than U.S.
I find the design of them attractive and usually never see any for sale at the shows I attend plus the price isn't much above melt so rather than purchase a 1/2 or 1/4 oz. maple or eagle I would rather own something interesting with a little history behind it.

Thanks candy mustang for the info.

Edited: Thursday November 29, 2012 at 8:44 PM by Yukoncornelius1

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candy2012mustang
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Thursday November 29, 2012 8:44 PM

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Here are the pictures of the selection process - the coins are from original mint state bags:

http://www.mycanadiancoins.com/selection_process.html

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