1912 - 1914 Canada $5 & $10 Hoard Being Sold!
candy2012mustang
Posts: 479 ✭
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.""
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.""
3
Comments
A complete set of six for only $12,000 Canadian!
Linky, eh?
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.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Chris' Complete Lincoln Variety Set 1909-date
<< <i>I want some for First Strike! >>
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
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.""""
<< <i>Remind anyone of the GSA morgans? >>
Yes it does!
<< <i>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.
<< <i>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.
http://www.mycanadiancoins.com/selection_process.html
That's strange. I'd think a 100 year old coin from a mint bag even if it's imperfect is pretty marketable. I doubt they get more money from making them into new bullion coins and eating the melt loss.
<< <i>Here are the pictures of the selection process - the coins are from original mint state bags:
http://www.mycanadiancoins.com/selection_process.html >>
Super-low-power glass and blue latex gloves? Really?
<< <i>Super-low-power glass and blue latex gloves? Really? >>
Why not? Are you saying this is overkill or that they should be using higher magnification? Unless they have an experienced collector or dealer doing the sorting, any closer scrutiny would just be precision without accuracy. A somewhat experienced collector or dealer could sort the coins into the best and the rest without magnification fairly quickly.
I wonder if they're going to sell the bags and the tags.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Does it say anywhere that even the "premium hand-selected" coins are at least minimally "Uncirculated?"
Member ANA, SPMC, SCNA, FUN, CONECA
Yeah ... Canadian GSA sales!
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>
<< <i>Here are the pictures of the selection process - the coins are from original mint state bags:
http://www.mycanadiancoins.com/selection_process.html >>
Super-low-power glass and blue latex gloves? Really? >>
I had the same reaction, but these are just staged press photos I'm assuming.
I love these coins. I remember when I was a kid glancing through my 1993 Charlton catalogue and wishing I could get one... or better yet find a whole bunch of them.
One does wonder what affect the hoard will have on the prices of these coins. I'm going to wait and see.
Radiant Collection: Numismatics and Exonumia of the Atomic Age.
https://www.pcgs.com/setregistry/showcase/3232
I jumped in for one of the regular hand selected $5.
They only have the 1913 still available as the 1912 and 1914 are sold out.
Somewhat pricey for bullion gold but I rationalize that my often gazing at it in hand will bring me satisfaction.
Best.
<< <i>I will always wonder how many government hoards that are found, were actually minted last month rather than 100+ years ago.... >>
Probaly zero!
JMHO.
In honor of the memory of Cpl. Michael E. Thompson
That's an impressive sellout for that expensive of a product.
I agree with TomB, this is a very cool, reasonably-priced offering that will only happen one time.
All sales are final for this product. We will not allow any returns or exchanges.
Please note: If you are not completely satisfied with your purchase, simply return it to us in its original packaging within 30 days, and we will gladly replace it. If the product is sold out, you will receive a full refund. Also note, that it is the customer's responsibility to pay any duties or taxes for any goods shipped to an international address. Any shipping charges for packages returned to us as a result of a customer's failure to pay customs, duties and taxes will be billed to that customer.
<< <i>Wow! That is cool! If I had 12K to blow I would pick up a set >>
omg so wouldnt i.
$10 still available. Pretty cool item, couldn't pass one up.
<< <i>So I am trying logically to figure out if this is afterall a sound deal. >>
So while you were trying to figure out why a 31,000 mintage 1914 CANADA $5 Gold, worth about $420 melt at yesterdays prices and selling for $500 is a good deal-----the rest of us bought them up.
Did you see that these were original stored BU bags of coins?
This was a no brainer. Absolute no brainer.
By the way, there was approximately 5,000 $5 coins available in the hand selected category, which were already a better quality than the massive amount they have condemned to the melting pot. Apparently less than 300 were of Premium Hand Selected Quality.
How many of each date? Who knows. But the 1914 $5 was a super rare coin before this and will still be a rare coin after this.
<< <i>The "hand-selected" coins have "minimal evidence of wear." Does that mean they are circulated? >>
None were circulated. They were all uncirculated. They refer to a coin that may have more bag abrasions or rub from being stored - but no wear.
Honestly - IMO - the Hand selected was definitely the better value.
If you all remember the GSA Morgan sales, and the CC dollars that were put into holders NOT MARKED UNCIRCULATED - they were every bit UNC. This is very similar to the way the RCM is describing these coins. I would think they may have some toning, a few more bagmarks, but UNC.
<< <i>
<< <i>So I am trying logically to figure out if this is afterall a sound deal. >>
So while you were trying to figure out why a 31,000 mintage 1914 CANADA $5 Gold, worth about $420 melt at yesterdays prices and selling for $500 is a good deal-----the rest of us bought them up.
Did you see that these were original stored BU bags of coins?
This was a no brainer. Absolute no brainer.
By the way, there was approximately 5,000 $5 coins available in the hand selected category, which were already a better quality than the massive amount they have condemned to the melting pot. Apparently less than 300 were of Premium Hand Selected Quality.
How many of each date? Who knows. But the 1914 $5 was a super rare coin before this and will still be a rare coin after this. >>
I found this looking for mintages......
Mintages are as follows:
1912 165,680
1913 98,832
1914 31,122
It's strange...when I ordered, the '13 was the only one available. Same site with the mintages added this info, as to why the '14 is the lowest:
"This very solid and regal series of Canadian coins was first provided for by legislation in 1908, but it was not until 1911 that designs were approved. The mintages of all dates are quite small. Mintage was suspended in 1914 because of wartime restrictions governing the flow of gold, thus 1914 is the scarcest date in the series. The coin shows the profile of King George V and an emblem of the old Canadian coat of arms with maple boughs surrounding it on the reverse."
<< <i>""""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."""" >>
So, they offered 30,000 pieces out of 245,000 being held. What will happen to the other 215,000 coins?
"....while less visually appealing examples will be refined into 99.99% pure gold to liquidate the balance of the coin holdings."
http://www.mint.ca/store/news/a-national-treasure-resurfaces-as-the-royal-canadian-mint-offers-rare-opportunity-to-own-canadas-first-gold-coins-crafted-with-pride-from-19121914-17400003?cat=News+releases&nId=700002&parentnId=600004&nodeGroup=About+the+Mint
With 659,693 total minted of all dates of the $5 and $10's (1912-1914 $5's + 1912-1914 $10's).......215,000 coins being melted....
That is 32.59% of the total population on these coins are being officially melted.
The Royal Canadian Mint should officially revise the mintage vigures on these coins, given that the 215,000 of the original - unissued coins are being melted officially.