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 Replies: 29 / Views: 6,291 |
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Bedrock of the Community
Australia
21788 Posts |
To my mind not a numismatic item.
Probably best described as unique bullion / jewelry.
I have quite an extensive a cut but unset gemstone collection, and I also have Pt bullion coins, but neither are associated with my coin collection. Also have an extensive library on the science of gemnology.
Australian at one time produced almost all of the World's pink diamonds,- from the Argyle deposit in Western Australia, but that mine has been worked out, no longer in operation, The presence of nitrogen in the crystal lattice was the reason for the pink color.
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CCF Master Historian of USA Commemoratives
 United States
12283 Posts |
Quote:
Incidentally, what are the non-diamond pink bits (e.g. the leaves) made of? The video doesn't say. Normally I'd expect rose gold, but I'm not sure if it would match.
(Some googling suggests it's might be a thin layer of rose gold - over, presumably, platinum.) The coin's specifications (from the Mint's web site): "99.95% pure platinum with selective rose gold plating and jewellery enhancements, and 462 (6.5 tcw) Fancy Vivid Pink diamonds from the Argyle mine" Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Rest in Peace
 Canada
1360 Posts |
I wonder if the 'not pure' status of this coin would push it into the 'must pay HST (tax) bracket'?
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Pillar of the Community
Canada
5324 Posts |
All bedazzled coins recently are subject to HST, but probably any one bidding on this would not be worried about the tax
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Pillar of the Community
Russian Federation
1557 Posts |
It seems to me that this coin falls more into the category of commemorative coins made of precious metals, which are issued by the bank of every country in the world. I've never seen the point in the coins that the local bank gives you. Just a piece of silver/gold well decorated.
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Pillar of the Community
United States
2408 Posts |
Love the music.
First impression: Way, way too busy IMO. Not liking.
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Valued Member
Canada
367 Posts |
Don't forget the auction tonight at 7 pm. See you all at the auction.
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Rest in Peace
Canada
1360 Posts |
Edited by Dcadon
05/31/2022 6:20 pm
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Valued Member
Canada
354 Posts |
$1,261,250 and you don't even get MC rewards! LOL I wonder if anyone would notice, on mint.ca under "MY COLLECTION" I can "ADD A COIN MANUALLY" and add this coin. Edited by rjlavoie
06/01/2022 05:15 am
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CCF Master Historian of USA Commemoratives
United States
12283 Posts |
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$1,261,250 An individual with more dollars than sense? Who knows? Maybe the piece will appreciate in the marketplace like works of fine art and prove to be a good investment. (Or maybe it won't!) Congrats to the new owner! I hope he/she truly appreciates their new prize! Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Valued Member
Canada
367 Posts |
$1 M is not much, in my opinion. It would have sold for $10 M last year when all assets were inflated. Congratulations to the lucky new owner.
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Rest in Peace
Canada
1360 Posts |
"$1 M is not much, in my opinion" ...and you're welcome to it. The original estimate was between 700K and 900K......$1.2 Million will pay the auction fees and then some. Good job, if you can get it, but that brings up the original question - who gets it? The Canadian Gov't ? The President of the Mint? or was there ever a charity named? I'd like to seem some clarity there.
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CCF Master Historian of USA Commemoratives
United States
12283 Posts |
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
06/01/2022 3:53 pm
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Pillar of the Community
Canada
5324 Posts |
If the 1911 dollar could not reach a million bucks a few years ago, what would make this coin be worth well over a million by at least twp bidders, also it seems there was no charity involvement.
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Pillar of the Community
Canada
5324 Posts |
Just an update, at Friday"s RCNA met some nice staff at the RCM booth, asked about this one off coin apparently they had requests for this type of coin and they thought auction was the only fair way to find value. To my amazement the RCM consider this coin as rare art and there was no charity involvement. |
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Replies: 29 / Views: 6,291 |
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Posted 05/07/2022 11:08 am
