Options
Canadian Mint selling 1912-1914 $5 & $10 that were stored in vaults
Nooker
Posts: 634
what do ya'll think? are these raw coins a good opportunity to get these, or am I better off getting a known quantity (ie. a graded coin)? Can't tell from the pictures how these might grade? In the past though, I know that buying gold from the RC Mint has always been way overpriced . . .
"Struck 100 years ago, and sealed for more than 75 years in the vaults at the Bank of Canada, a rare collection of the first ever gold coins bearing a Canadian symbol have now returned home to the Royal Canadian Mint.
Now, one century after having produced Canada's First Gold Coins, the Royal Canadian Mint is pleased to help the Government of Canada make these unique coins available to Canadians, and collectors world-wide. "
Link to RC Mint George V gold coins
Mark
"Struck 100 years ago, and sealed for more than 75 years in the vaults at the Bank of Canada, a rare collection of the first ever gold coins bearing a Canadian symbol have now returned home to the Royal Canadian Mint.
Now, one century after having produced Canada's First Gold Coins, the Royal Canadian Mint is pleased to help the Government of Canada make these unique coins available to Canadians, and collectors world-wide. "
Link to RC Mint George V gold coins
Mark
0
Comments
IMO the prices on the "hand picked" $5 are reasonable (looks to be almost all sold out now), even if they are AU58/MS60 quality. The $10 prices are somewhat high.
They're neat coins, but I'd rather "hand pick" my own
1912 $5 - 631
1913 $5 - 509
1914 $5 - 193
Its my understanding the 1914 5$ has the lowest mintage by a longshot.
Stored in a vault at the Bank of Canada at face value. Sold to the RCMP at spot or just under. Sold to the public at spot plus a big premium.
Reminds me of the US GSA Morgans sold a few years ago. Flooded the market and killed some key date values.
I agree with Pokermandude: hand picked my own.
Life member #369 of the Royal Canadian Numismatic Association
Member of Canadian Association of Token Collectors
Collector of:
Canadian coins and pre-confederation tokens
Darkside proof/mint sets dated 1960
My Ebay
Looks like the $10 are all still available (except the 1912 which has always only been available in the 6 coin $12k set. . . sure would like to get a looksie at those coins)
Mark
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
I know of other examples where people are constrained from selling something until a "milestone" date is reached. Stock from an IPO for example, are requierd to be held for a specific time before they are able to sell. (I know, this is for completely different reasons, but it's the only example I can come up with right now . . . lack of sleep I guess)
Mark
ps. i eneded up biting the bullet and getting a 1914 "Hand Picked" $5 and $10. I figure they were not that much over spot and I've always wanted to own these . . .
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
No way are these coins just bullion - compairing them to first spouse gold coins??? hahahahhahah!!! Yea right!!!
1/2 Cents
U.S. Revenue Stamps
Now if only somebody would release a stash or hoard of 1916-C sovereigns. Wouldn't that be something!
In honor of the memory of Cpl. Michael E. Thompson