Thanx -- it doesn't sound like the $10's are out yet. So these must come in a sealed airtight-like capsule -- PCGS will accept them without being in sealed mint packaging.
I too cancelled a few last month, but hanging onto my 1912 $10!
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
<< <i>I was wrong. FedEx delivers Express Saver not USPS. Mine was just delivered. Return address is Shipping Supervisor Bay Brokerage, Wellesley-Island, NY 13640. Looks like someone other than RCM is shipping these out.
Just checked out my coin (don't ask for pics, I have a doctors appointment in an hour and twenty minutes). Very pleased. Solid unc either a high end 2 or average 3. Either way the eye appeal is all you could hope for. Blazing luster and only small tics no spots. Only looks 2 when you use a glass. Looks solid 3 at arms length. Those premium coins could be worth the money. I haven't checked what a MS64/5 1913/14 $10 is worth. >>
Don't sound like anybody who would have been sorting the coins, just bringing them into the country.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
I received my 1913 and 1914 $10's today (one each).
Both coins look to be in the 62-63 range with the reverse design being more attractive than the obverse, and the condition of the reverse appears better than the obverse. The reverses are more lustrous and less "marky". I would grade my 1913 a 62 and the 1914 a 63. If I ever have them slabbed, I will ask that the reverses be facing front.
<< <i>RYK, Did you go for the regular ones or the specially picked ones? >>
I went for the dreck and got it. >>
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Anyone else still say processing? I see some are getting their orders. Just seeing if I owe them a call or not. Sadly, this is a horrible distribution of such a cool offering.
FYI I ordered the 1913 $10 if that matters in the processing chain
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
<< <i>I seem to recall our neighbors to the north dont let things hang around on their site for long. My guess is if all are not sold, lift limits, then melt. But I dont think it will be long. >>
I'm curious, 7/8, if your opinion has changed now that we've reached the middle of February and $10 13's and 14's are still on sale?
When the RCM first issued, on Nov. 26, the announcement of the photo-op in the vault on the 28th, Gold was at $1,750 an ounce.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
I cancelled my order tonight, I gave them a long time to deliver (almost 2 months) and since they are so tardy and gold is free falling I am not willing to wait.
<< <i>I cancelled my order tonight, I gave them a long time to deliver (almost 2 months) and since they are so tardy and gold is free falling I am not willing to wait. >>
Me too.... This afternoon I cancelled it. Had ordered Dec 3rd and still processing.....
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Don't quote me on this but I think any unsold coins that RCM has can be sold through their postal service at the offices. They will eventually sell every one of these is my prediction.
Fair warning....I also just cancelled my order for the 1914 $10 hand selected coin. That usually means the price of its base metal gold will now sky rocket and someone else will get it in MS65! I have to agree, waiting almost 3 months is too long. I did receive my 1913 $5 and while not MS65 it is nice and I am happy with it.
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
Must be the Canadian Department of Health Services running this for their mint......they get you queued up in line then you have to wait months and months.
I kind of wanted the one I ordered but canceled it 2 weeks ago and am not really sorry about that. It was a $10 1913. I really wanted to cheap out and just have something for the history, but all the individual $5 pieces were gone by the time I ordered a few months back.
Im so thrilled all you yanks are cancelling your orders because i missed the original offering and yesterday i was able to order 3 of each of the 5.00 gold pieces. Now i will be able to resell them for a nice profit..especially the 1914s..Folks up here in Canada are crying the blues over the wait time as well and many have cancelled ...and many are snapping up the cancellations as these are really nice coins..but you dont really want to hear this do you? anyways I love all you Yankees and I love USA coins..I just bought my first CC NGC graded dollar the other day and paid a bunch for it...I wish i had got one in the original offering in 1960s/70s ...then i would have only paid 30- 50 bucks but the other day i spent at least 240 bucks for a nice MS 63 1882 CC NGC taped coin in the case...Since then this Canada Gold release has been the only other gold hoard released in North America....History repeats itself and History tells us that the value of released Hoards always goes up ..and at only 30,000 coins compared to the 3 million CC dollars i have a feeling that the price of gold wont be a major factor in determining the value of these coins.......they will be considered very scarce especially after our mint melts the leftovers.....love ya'all
@realone..........I think you protest too much..but for those of you who might appreciate a bit of old fashioned hard logical analysis ......here goes
the Canada Gold 1912-1914 mintage figures show that 659,693 coins were minted as follows:: 295,634 5.00 gold 364,059 10.00 gold 230,00 were stored in the vaults [approx] 30,000 released and 200,000 to be melted
net total mintage remaining is 459,693
30,000 coin released in MS condition is a drop in the numismatic bucket....In terms of rarity the gain in MS specimens is offset by the loss of total pieces. look at key date mintage figures in Canadian coinage 1925 five cent ::200,050 1925 0ne cent ::1,000,622, 1948 ten cents ::422,741 1927 twentyfiveC::468,096 1948 50C :: 37,784 1948 1.00 ::18,780
keep in mind these represent individual years. I dont think the book value of the 1912-1914 gold coins will change the least and those lucky enough to receive top grade coins will really have an amazing investment potential..its a lottery in which everyone who buys a ticket will win.....
<< <i>@realone..........I think you protest too much..but for those of you who might appreciate a bit of old fashioned hard logical analysis ......here goes
the Canada Gold 1912-1914 mintage figures show that 659,693 coins were minted as follows:: 295,634 5.00 gold 364,059 10.00 gold 230,00 were stored in the vaults [approx] 30,000 released and 200,000 to be melted
net total mintage remaining is 459,693
30,000 coin released in MS condition is a drop in the numismatic bucket....In terms of rarity the gain in MS specimens is offset by the loss of total pieces. look at key date mintage figures in Canadian coinage 1925 five cent ::200,050 1925 0ne cent ::1,000,622, 1948 ten cents ::422,741 1927 twentyfiveC::468,096 1948 50C :: 37,784 1948 1.00 ::18,780
keep in mind these represent individual years. I dont think the book value of the 1912-1914 gold coins will change the least and those lucky enough to receive top grade coins will really have an amazing investment potential..its a lottery in which everyone who buys a ticket will win..... >>
That's all good and such, and people really should collect what they like. That said, sometimes the mintage and surviving numbers are very small but the collecting base is even smaller, so those collecting should really make sure they are doing it out of what they like and not just trying to flip and profit. In this case, there may be some profit, or there may not for awhile. Plenty of US mintages are smaller than the released numbers quoted but are so lightly collected that they really haven't changed in value in a long while. I was looking at a proof IHC and the mintage was 3 figures. The coin is somewhat affordable as well.
I'm not here to talk anyone out of the canuckian coinage but neither will I try to blast out all the virtues of such. I would only have bought as a fun thing to have (purely original, etc), but changed my mind due to reasons already stated. I don't collect them otherwise, so really no reason for me to worry about it.
<< <i>@realone..........I think you protest too much..but for those of you who might appreciate a bit of old fashioned hard logical analysis ......here goes
the Canada Gold 1912-1914 mintage figures show that 659,693 coins were minted as follows:: 295,634 5.00 gold 364,059 10.00 gold 230,00 were stored in the vaults [approx] 30,000 released and 200,000 to be melted
net total mintage remaining is 459,693
30,000 coin released in MS condition is a drop in the numismatic bucket....In terms of rarity the gain in MS specimens is offset by the loss of total pieces. look at key date mintage figures in Canadian coinage 1925 five cent ::200,050 1925 0ne cent ::1,000,622, 1948 ten cents ::422,741 1927 twentyfiveC::468,096 1948 50C :: 37,784 1948 1.00 ::18,780
keep in mind these represent individual years. I dont think the book value of the 1912-1914 gold coins will change the least and those lucky enough to receive top grade coins will really have an amazing investment potential..its a lottery in which everyone who buys a ticket will win..... >>
Really, this coin went for a certain price when these coins weren't discovered, now these coins are hitting the market, and are added to the peices that were already trading. Now everyone and their mother can own one in ms whether it be through the mint or thru secondary dealers and later ebay. In addition all are going to be saved, none will be used and thus basically zero will ever see wear and thus their will be a bundle forever always on the market except if another institution decides to hoard them.....which is obviously unlikely. >>
The SS Central America discovery sure didn't hurt the value of 1857-S $20's.
Well both the previous replies to my posts have pointed out or implied that because more MS Canada Gold 1912-1914 coins are hitting the market it will probably just stagnate in value or even drop
oh dear
I dont get this type of logic....for instance when the GSA Hoard was released it created a buzz and many more collectors, dealers [and their mothers] created a market that has persisted to this day
The Canada Gold reserve release has already been recognized by PCGS with a Gold Label and the buzz has created discussions in every major coin forum in existance......
what do you think would happen if for some unexplained miracle the USA Mint released 30,000 stored Gold 1914 Eagles...out of a mintage of 700,000 types ?
i dont think the price would fall below market value..in fact I think the buzz would add value to such a mythical hoard and would create umpteen thousands of new collectors
and that translates into more numismatic interest which is already happening with the Canadian Gold Reserve release of 2012-13
RYK, I am surprised that you would compare the 1875-s $20 with this hoard. Isn't it true that unc examples were tough to come by and with the discovery of unc examples, I believe only 7,000, and with the fact they came from a cool shipwreck (albeit under water however it is gold), it finally made it possible for collectors who wanted an 1857-s in unc to finally fill their hole possible. How does this relate to the canadian coin. First off their are much less Canadian collectors out there, the coins are available and were available and I assume will be available. I don't know one American collector of Canadian coins either. To me apples and oranges, a no brainer imho.
For the SSCA, it was not so much that there was great demand for the 1857-S $20s (how many collect $20 Libs by date?), but a large supply of attractive coins with a great story and excellent marketing plan brought collectors, investors, closet collectors, part-time speculators, etc. out of the woodwork to buy them.
It is a curious phenomenon in the coin biz that supply can increase demand, when combined with a good story and a well-thought promotion.
On the other hand, very little supply suppresses demand, especially when there is no great story or marketing plan. There is very little interest in underpromoted scarcities like 1859 $5's but great interest in more available but better promoted coins like the 1859-C and 1859-D $5's. Which would you rather buy, an 1891-CC $10 or 1900-S $10?
While it's possible that the release of this gold hoard will supress prices overall (a supposition that is by no means guaranteed), it is likely that it would be the existing non-Hoard coins that would fall in value. I would expect that the Hoard coins, in mint packaging or a special-label holder from NGC or PCGS, will be the more desirable pieces.
There sure are a lot of naysayers for coins that are essentially bullion with a great story. The next leg up in the gold price will create lots of happy owners.
My brother received his 1913 $10 today, ordered I believe first week of December, I took a look at it, real nice coin. Should be a lock at 64 shot at 65. Barely any marks with a little rosy toning around the periphery- were these things stored in paper rolls perhaps. He was (as was I ) very impressed with the coin for $1k.
<< <i>Im so thrilled all you yanks are cancelling your orders because i missed the original offering and yesterday i was able to order 3 of each of the 5.00 gold pieces. Now i will be able to resell them for a nice profit..especially the 1914s..Folks up here in Canada are crying the blues over the wait time as well and many have cancelled ...and many are snapping up the cancellations as these are really nice coins..but you dont really want to hear this do you? anyways I love all you Yankees and I love USA coins..I just bought my first CC NGC graded dollar the other day and paid a bunch for it...I wish i had got one in the original offering in 1960s/70s ...then i would have only paid 30- 50 bucks but the other day i spent at least 240 bucks for a nice MS 63 1882 CC NGC taped coin in the case...Since then this Canada Gold release has been the only other gold hoard released in North America....History repeats itself and History tells us that the value of released Hoards always goes up ..and at only 30,000 coins compared to the 3 million CC dollars i have a feeling that the price of gold wont be a major factor in determining the value of these coins.......they will be considered very scarce especially after our mint melts the leftovers.....love ya'all >>
I'm not sure about the coins, but can vouch for one Canuck with a heart of gold up near Timmins. (no, it's not Shania Twain)
Im curious to know how you American Collectors feel about the fact that the Canadian Govt. is going to melt 200,000 original 1912,13,14 gold pieces stored for 100 years in our vaults at the RCM...I havent heard or read much commentary on this issue so far...and in fact i was assuming that most collectors would almost rejoice in the fact that there would be fewer coins..so here is a scenario which might help you to decide....lets take a ficticious example as follow:::say the US government let it be known that they had 230,000 1914 Gold Eagles secretly stashed in mint bags of 1000 coins each and they were going to release 30,000 of the best ones and burn the rest....Do you think the American public would stand for it?
<< <i>Im curious to know how you American Collectors feel about the fact that the Canadian Govt. is going to melt 200,000 original 1912,13,14 gold pieces stored for 100 years in our vaults at the RCM...I havent heard or read much commentary on this issue so far...and in fact i was assuming that most collectors would almost rejoice in the fact that there would be fewer coins..so here is a scenario which might help you to decide....lets take a ficticious example as follow:::say the US government let it be known that they had 230,000 1914 Gold Eagles secretly stashed in mint bags of 1000 coins each and they were going to release 30,000 of the best ones and burn the rest....Do you think the American public would stand for it? >>
Good question to ask on the US Coin Forum I, for one, am actually indifferent to most coins that are not US coins. I don't have a history with most other countries and even the ones I do, I don't collect more than a type or two from them. For the canadian coins, well, I am not a collector of them, so if they melted all of them, none of them, or any in the middle, it wouldn't matter to me. I am not a dealer. I am a sometimes flipper. But, largely, I am a collector of what I like to collect.
If they were US coins, well, then being the USCF, that would be very much pertaining to this forum and I would think that US collectors that had an interest in them would be upset about potential melting...unless they knew they would get one/some of the unmelted ones and could be in a special club
Now, I don't know the number of canadian coin collectors nor the number of actual (non SHQ) US collectors, but I think those numbers would dictate the amount of folks upset or not. Somone tangent is if you want to follow the 1933 $20 coins that are being held by the government now as the court continues to figure things out. Some want them saved. Some want them for sale. Some may even be ok if they were melted (would make the other one more special, as it was already assumed to be). Now, go back to the canadian collectors and see if they really care want happens to those 1933 pieces......
Well I appreciate the reference to the 9 or so 1933 gold pieces that are on death row awaiting the appeal verdict
personally i think melting original gold coins is a sin
look what has happened to the Austrian 1915 gold ducat...you can buy these things for melt value anytime only problem is they made them in the sixties which sort of takes the fun out of it doncha think? in fact I think they are still making them
But i reckon its all a waste of time theorizing the pros and cons of melting of the Canada Gold Hoard because the govt. has committed themselves now. Those 200,000 coins are slated for the pot.
Ive followed this thread from Page 1 and read the frustrations of the USA collectors who are buying Canada coins and having to wait forever to see them..On my recent order of Feb 21 I was told the mint has definitely been shipping them at a rate of 200 orders per day which is all the volume they can handle.....anyways this is an interesting thread and I will continue to follow it...In the meantime..dont worry... be happy ...and hold the gold...
Dunno how I missed this thread earlier, but I picked up a 1913 dated $10 today. I've always thought these designs were super-cool, and coincidentally 1913 is my favorite year for gold coins because my first gold coin ever, as 12-year old kid spending his life's savings, was a $5 Indian dated 1913.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
from what I have experienced and thru the tales of others you can still get the sold out coins such as the 5.00 pieces and the 1912 /10.00 pieces but you have to be persistent and meet the following criteria 1. Master club membership... which means you already spent 1000 bucks this year 2. have a friendly sales rep who you establish a rapport with because they are overworked and underpaid and they mostly dont collect coins 3. call at a time when they have cancelled stock available which is hard to predict 4. get lucky 5. speak good english 6. the more pieces you order the more likely you will be served..ie..larger orders will get their attention
So the bottom line seems to be that if your calling the RCM for your first order this year and u want the sold out coins then you are simply sol beacause those Master club members are swimming around the mint in circles
<< <i>Im so thrilled all you yanks are cancelling your orders because i missed the original offering and yesterday i was able to order 3 of each of the 5.00 gold pieces. Now i will be able to resell them for a nice profit..especially the 1914s..Folks up here in Canada are crying the blues over the wait time as well and many have cancelled ...and many are snapping up the cancellations as these are really nice coins..but you dont really want to hear this do you? anyways I love all you Yankees and I love USA coins..I just bought my first CC NGC graded dollar the other day and paid a bunch for it...I wish i had got one in the original offering in 1960s/70s ...then i would have only paid 30- 50 bucks but the other day i spent at least 240 bucks for a nice MS 63 1882 CC NGC taped coin in the case...Since then this Canada Gold release has been the only other gold hoard released in North America....History repeats itself and History tells us that the value of released Hoards always goes up ..and at only 30,000 coins compared to the 3 million CC dollars i have a feeling that the price of gold wont be a major factor in determining the value of these coins.......they will be considered very scarce especially after our mint melts the leftovers.....love ya'all >>
The only scenerio I can see where someone will make a killing on this is if they get an MS-65 or better coin and get it graded as such or if gold skyrockets in price. There are simplt to many coins being released and not enough collectors of canadian coins.
It is also rediculous to make people wait 2 months or more to get the coins they ordered.
Is this gold coin boondoggle why the Canadian dollar has fallen so drastically in recent days?
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Comments
I too cancelled a few last month, but hanging onto my 1912 $10!
<< <i>I was wrong. FedEx delivers Express Saver not USPS. Mine was just delivered. Return address is Shipping Supervisor Bay Brokerage, Wellesley-Island, NY 13640. Looks like someone other than RCM is shipping these out.
Just checked out my coin (don't ask for pics, I have a doctors appointment in an hour and twenty minutes). Very pleased. Solid unc either a high end 2 or average 3. Either way the eye appeal is all you could hope for. Blazing luster and only small tics no spots. Only looks 2 when you use a glass. Looks solid 3 at arms length. Those premium coins could be worth the money. I haven't checked what a MS64/5 1913/14 $10 is worth. >>
Bay Brokerage is a customs agent:
http://baybrokerageus.com/
Don't sound like anybody who would have been sorting the coins, just bringing them into the country.
<< <i>Return address is Shipping Supervisor Bay Brokerage, Wellesley-Island, NY 13640. Looks like someone other than RCM is shipping these out. >>
Everything I ever get from RCM comes from that NY location.
These coins are not distributed by a dealer. But if mis-information results in them melting more of these coins, I certainly won't complain.
<< <i>Tight-lipped tease. Any $10's? >>
I received my 1913 and 1914 $10's today (one each).
Both coins look to be in the 62-63 range with the reverse design being more attractive than the obverse, and the condition of the reverse appears better than the obverse. The reverses are more lustrous and less "marky". I would grade my 1913 a 62 and the 1914 a 63. If I ever have them slabbed, I will ask that the reverses be facing front.
That's it!
<< <i>RYK,
Did you go for the regular ones or the specially picked ones? >>
I went for the dreck and got it.
<< <i>
<< <i>RYK,
Did you go for the regular ones or the specially picked ones? >>
I went for the dreck and got it.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>
<< <i>RYK,
Did you go for the regular ones or the specially picked ones? >>
I went for the dreck and got it.
you pleased with the dreck, do you regret going not going for the hopefully undreck? >>
I would say that it was a decent purchase, and I have no regrets. RYK's Old Man™ used to say, "You get what you pay fer."
FYI I ordered the 1913 $10 if that matters in the processing chain
Thanks
Edit: Ordered 12-7-12
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Some real nice pics over on the Canadian coin form of 1914 $5's.......hand selected, one looked like a solid 64.....
<< <i>I seem to recall our neighbors to the north dont let things hang around on their site for long. My guess is if all are not sold, lift limits, then melt. But I dont think it will be long. >>
I'm curious, 7/8, if your opinion has changed now that we've reached the middle of February and $10 13's and 14's are still on sale?
Amat Colligendo Focum
Top 10 • FOR SALE
So it's now $1,000 CAD for approx. $778.76 BV (0.4837 oz. AGW)?
Amat Colligendo Focum
Top 10 • FOR SALE
<< <i>I cancelled my order tonight, I gave them a long time to deliver (almost 2 months) and since they are so tardy and gold is free falling I am not willing to wait. >>
Me too.... This afternoon I cancelled it. Had ordered Dec 3rd and still processing.....
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
Don't worry, that's not the price of gold. I just wasn't patient enough to wait around for "500"
``https://ebay.us/m/KxolR5
That usually means the price of its base metal gold will now sky rocket and someone else will get it in MS65!
I have to agree, waiting almost 3 months is too long.
I did receive my 1913 $5 and while not MS65 it is nice and I am happy with it.
I kind of wanted the one I ordered but canceled it 2 weeks ago and am not really sorry about that. It was a $10 1913. I really wanted to cheap out and just have something for the history, but all the individual $5 pieces were gone by the time I ordered a few months back.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
the Canada Gold 1912-1914 mintage figures show that 659,693 coins were minted as follows::
295,634 5.00 gold
364,059 10.00 gold
230,00 were stored in the vaults [approx]
30,000 released and 200,000 to be melted
net total mintage remaining is 459,693
30,000 coin released in MS condition is a drop in the numismatic bucket....In terms of rarity the gain in MS specimens is offset by the loss of total pieces. look at key date mintage figures in Canadian coinage
1925 five cent ::200,050
1925 0ne cent ::1,000,622,
1948 ten cents ::422,741
1927 twentyfiveC::468,096
1948 50C :: 37,784
1948 1.00 ::18,780
keep in mind these represent individual years. I dont think the book value of the 1912-1914 gold coins will change the least and those lucky enough to receive top grade coins will really have an amazing investment potential..its a lottery in which everyone who buys a ticket will win.....
<< <i>@realone..........I think you protest too much..but for those of you who might appreciate a bit of old fashioned hard logical analysis ......here goes
the Canada Gold 1912-1914 mintage figures show that 659,693 coins were minted as follows::
295,634 5.00 gold
364,059 10.00 gold
230,00 were stored in the vaults [approx]
30,000 released and 200,000 to be melted
net total mintage remaining is 459,693
30,000 coin released in MS condition is a drop in the numismatic bucket....In terms of rarity the gain in MS specimens is offset by the loss of total pieces. look at key date mintage figures in Canadian coinage
1925 five cent ::200,050
1925 0ne cent ::1,000,622,
1948 ten cents ::422,741
1927 twentyfiveC::468,096
1948 50C :: 37,784
1948 1.00 ::18,780
keep in mind these represent individual years. I dont think the book value of the 1912-1914 gold coins will change the least and those lucky enough to receive top grade coins will really have an amazing investment potential..its a lottery in which everyone who buys a ticket will win..... >>
That's all good and such, and people really should collect what they like.
That said, sometimes the mintage and surviving numbers are very small but the collecting base is even smaller, so those collecting should really make sure they are doing it out of what they like and not just trying to flip and profit.
In this case, there may be some profit, or there may not for awhile. Plenty of US mintages are smaller than the released numbers quoted but are so lightly collected that they really haven't changed in value in a long while. I was looking at a proof IHC and the mintage was 3 figures. The coin is somewhat affordable as well.
I'm not here to talk anyone out of the canuckian coinage but neither will I try to blast out all the virtues of such. I would only have bought as a fun thing to have (purely original, etc), but changed my mind due to reasons already stated. I don't collect them otherwise, so really no reason for me to worry about it.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>@realone..........I think you protest too much..but for those of you who might appreciate a bit of old fashioned hard logical analysis ......here goes
the Canada Gold 1912-1914 mintage figures show that 659,693 coins were minted as follows::
295,634 5.00 gold
364,059 10.00 gold
230,00 were stored in the vaults [approx]
30,000 released and 200,000 to be melted
net total mintage remaining is 459,693
30,000 coin released in MS condition is a drop in the numismatic bucket....In terms of rarity the gain in MS specimens is offset by the loss of total pieces. look at key date mintage figures in Canadian coinage
1925 five cent ::200,050
1925 0ne cent ::1,000,622,
1948 ten cents ::422,741
1927 twentyfiveC::468,096
1948 50C :: 37,784
1948 1.00 ::18,780
keep in mind these represent individual years. I dont think the book value of the 1912-1914 gold coins will change the least and those lucky enough to receive top grade coins will really have an amazing investment potential..its a lottery in which everyone who buys a ticket will win..... >>
Really, this coin went for a certain price when these coins weren't discovered, now these coins are hitting the market, and are added to the peices that were already trading. Now everyone and their mother can own one in ms whether it be through the mint or thru secondary dealers and later ebay. In addition all are going to be saved, none will be used and thus basically zero will ever see wear and thus their will be a bundle forever always on the market except if another institution decides to hoard them.....which is obviously unlikely. >>
The SS Central America discovery sure didn't hurt the value of 1857-S $20's.
oh dear
I dont get this type of logic....for instance when the GSA Hoard was released it created a buzz and many more collectors, dealers [and their mothers] created a market that has persisted to this day
The Canada Gold reserve release has already been recognized by PCGS with a Gold Label and the buzz has created discussions in every major coin forum in existance......
what do you think would happen if for some unexplained miracle the USA Mint released 30,000 stored Gold 1914 Eagles...out of a mintage of 700,000 types ?
i dont think the price would fall below market value..in fact I think the buzz would add value to such a mythical hoard and would create umpteen thousands of new collectors
and that translates into more numismatic interest which is already happening with the Canadian Gold Reserve release of 2012-13
RYK, I am surprised that you would compare the 1875-s $20 with this hoard. Isn't it true that unc examples were tough to come by and with the discovery of unc examples, I believe only 7,000, and with the fact they came from a cool shipwreck (albeit under water however it is gold), it finally made it possible for collectors who wanted an 1857-s in unc to finally fill their hole possible. How does this relate to the canadian coin. First off their are much less Canadian collectors out there, the coins are available and were available and I assume will be available. I don't know one American collector of Canadian coins either. To me apples and oranges, a no brainer imho.
For the SSCA, it was not so much that there was great demand for the 1857-S $20s (how many collect $20 Libs by date?), but a large supply of attractive coins with a great story and excellent marketing plan brought collectors, investors, closet collectors, part-time speculators, etc. out of the woodwork to buy them.
It is a curious phenomenon in the coin biz that supply can increase demand, when combined with a good story and a well-thought promotion.
On the other hand, very little supply suppresses demand, especially when there is no great story or marketing plan. There is very little interest in underpromoted scarcities like 1859 $5's but great interest in more available but better promoted coins like the 1859-C and 1859-D $5's. Which would you rather buy, an 1891-CC $10 or 1900-S $10?
While it's possible that the release of this gold hoard will supress prices overall (a supposition that is by no means guaranteed), it is likely that it would be the existing non-Hoard coins that would fall in value. I would expect that the Hoard coins, in mint packaging or a special-label holder from NGC or PCGS, will be the more desirable pieces.
There sure are a lot of naysayers for coins that are essentially bullion with a great story. The next leg up in the gold price will create lots of happy owners.
<< <i>Im so thrilled all you yanks are cancelling your orders because i missed the original offering and yesterday i was able to order 3 of each of the 5.00 gold pieces. Now i will be able to resell them for a nice profit..especially the 1914s..Folks up here in Canada are crying the blues over the wait time as well and many have cancelled ...and many are snapping up the cancellations as these are really nice coins..but you dont really want to hear this do you? anyways I love all you Yankees and I love USA coins..I just bought my first CC NGC graded dollar the other day and paid a bunch for it...I wish i had got one in the original offering in 1960s/70s ...then i would have only paid 30- 50 bucks but the other day i spent at least 240 bucks for a nice MS 63 1882 CC NGC taped coin in the case...Since then this Canada Gold release has been the only other gold hoard released in North America....History repeats itself and History tells us that the value of released Hoards always goes up ..and at only 30,000 coins compared to the 3 million CC dollars i have a feeling that the price of gold wont be a major factor in determining the value of these coins.......they will be considered very scarce especially after our mint melts the leftovers.....love ya'all
I'm not sure about the coins, but can vouch for one Canuck with a heart of gold up near Timmins. (no, it's not Shania Twain)
``https://ebay.us/m/KxolR5
The seal is on the SIDE.
The hand selected ones have a silver seal.
The premium ones have a gold seal.
<< <i>Im curious to know how you American Collectors feel about the fact that the Canadian Govt. is going to melt 200,000 original 1912,13,14 gold pieces stored for 100 years in our vaults at the RCM...I havent heard or read much commentary on this issue so far...and in fact i was assuming that most collectors would almost rejoice in the fact that there would be fewer coins..so here is a scenario which might help you to decide....lets take a ficticious example as follow:::say the US government let it be known that they had 230,000 1914 Gold Eagles secretly stashed in mint bags of 1000 coins each and they were going to release 30,000 of the best ones and burn the rest....Do you think the American public would stand for it? >>
Good question to ask on the US Coin Forum
I, for one, am actually indifferent to most coins that are not US coins. I don't have a history with most other countries and even the ones I do, I don't collect more than a type or two from them.
For the canadian coins, well, I am not a collector of them, so if they melted all of them, none of them, or any in the middle, it wouldn't matter to me. I am not a dealer. I am a sometimes flipper. But, largely, I am a collector of what I like to collect.
If they were US coins, well, then being the USCF, that would be very much pertaining to this forum and I would think that US collectors that had an interest in them would be upset about potential melting...unless they knew they would get one/some of the unmelted ones and could be in a special club
Now, I don't know the number of canadian coin collectors nor the number of actual (non SHQ) US collectors, but I think those numbers would dictate the amount of folks upset or not.
Somone tangent is if you want to follow the 1933 $20 coins that are being held by the government now as the court continues to figure things out. Some want them saved. Some want them for sale. Some may even be ok if they were melted (would make the other one more special, as it was already assumed to be). Now, go back to the canadian collectors and see if they really care want happens to those 1933 pieces......
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
personally i think melting original gold coins is a sin
look what has happened to the Austrian 1915 gold ducat...you can buy these things for melt value anytime only problem is they made them in the sixties which sort of takes the fun out of it doncha think? in fact I think they are still making them
But i reckon its all a waste of time theorizing the pros and cons of melting of the Canada Gold Hoard because the govt. has committed themselves now. Those 200,000 coins are slated for the pot.
Ive followed this thread from Page 1 and read the frustrations of the USA collectors who are buying Canada coins and having to wait forever to see them..On my recent order of Feb 21 I was told the mint has definitely been shipping them at a rate of 200 orders per day which is all the volume they can handle.....anyways this is an interesting thread and I will continue to follow it...In the meantime..dont worry... be happy ...and hold the gold...
1. Master club membership... which means you already spent 1000 bucks this year
2. have a friendly sales rep who you establish a rapport with because they are overworked and underpaid and they mostly dont collect coins
3. call at a time when they have cancelled stock available which is hard to predict
4. get lucky
5. speak good english
6. the more pieces you order the more likely you will be served..ie..larger orders will get their attention
So the bottom line seems to be that if your calling the RCM for your first order this year and u want the sold out coins then you are simply sol beacause those Master club members are swimming around the mint in circles
lol and hold the gold
<< <i>Im so thrilled all you yanks are cancelling your orders because i missed the original offering and yesterday i was able to order 3 of each of the 5.00 gold pieces. Now i will be able to resell them for a nice profit..especially the 1914s..Folks up here in Canada are crying the blues over the wait time as well and many have cancelled ...and many are snapping up the cancellations as these are really nice coins..but you dont really want to hear this do you? anyways I love all you Yankees and I love USA coins..I just bought my first CC NGC graded dollar the other day and paid a bunch for it...I wish i had got one in the original offering in 1960s/70s ...then i would have only paid 30- 50 bucks but the other day i spent at least 240 bucks for a nice MS 63 1882 CC NGC taped coin in the case...Since then this Canada Gold release has been the only other gold hoard released in North America....History repeats itself and History tells us that the value of released Hoards always goes up ..and at only 30,000 coins compared to the 3 million CC dollars i have a feeling that the price of gold wont be a major factor in determining the value of these coins.......they will be considered very scarce especially after our mint melts the leftovers.....love ya'all
The only scenerio I can see where someone will make a killing on this is if they get an MS-65 or better coin and get it graded as such or if gold skyrockets in price. There are simplt to many coins being released and not enough collectors of canadian coins.
It is also rediculous to make people wait 2 months or more to get the coins they ordered.