Bank Of Canada 1912-14 Gold Coin Special RCM Release

You order now then they buy from dealers? and ship 1 month later

why don't just buy from coin dealer directly? and get better price?

These coins were stored at the Bank of Canada since 1935. They were known to exist - not just 'found'.

They are not coming from dealers and these prices are better than dealer pricing IMO. Not really a 'bad' deal (remember that these are not bullion), especially if you get a higher grade coin (luck of the draw) but they are not a super bargain and without knowing how many are available, it's difficult to assess how this will affect the collector market for these coins. The Mint should make that information public.

Some risk here if you are buying as an investment. As a collectible thought, it's a 100 year old gold coin and that's kinda cool.

13% HST kill the deal definitely

SilverBug, I was wondering if I should have ordered the lower mintage 1914 coin, but finally went for the 1912.

0.242 grams of gold - pretty close to a 1/4 oz based on 90% of 8.36gm per $5 gold coin.
so as bullion, a pure coin without the tax is a better deal for sure, but it isn't an 1912 or 1913 coin.

I'm thinking this not a bad deal, and I picked up a couple. Merry Christmas to me!

If, I mean if, these coins are PCGS MS-63 or better, they may worth the price.

Dcadon your thinking is similar to mine, #'s in at 31,122 relative to bullion value and adding the premium and tax we pay an extra 31% for the coin.

Last year some of the new gold coins were selling for a similar markup, but at least there is a bit of history attached to the last gold $5 dollar coin minted.

The premium over gold maple leaf bullion is between 21-23% when factoring in taxes (which really kill the appeal for me). I know they aren't bullion but IMO they will trend in that direction if several thousand are sold.

From the recent press release, it sounds like they have lots of these coins and may flood the market, depending on how many they decide to melt.

"Stored at the Bank of Canada for over 75 years after becoming part of the Government of Canada's Exchange Fund Account, the highest quality of these $5 and $10 gold coins are now being offered for sale to convert the proceeds into quality fixed-income securities, while less visually appealing examples will be refined into 99.99% pure gold to liquidate the balance of the coin holdings.
....

While a small number of coins bearing the date 1912, 1913 or 1914 have remained in the hands of individual collectors, the bulk of these coins were kept out of circulation at the beginning of the First World War as the government accumulated gold reserves to help finance the war effort.

Today, the Mint is offering these historical coins in highly exclusive premium hand-selected sets of all six denominations produced from 1912 to 1914, in addition to selling single coins in premium hand-selected and hand-selected quality. The proceeds of this sale, less a fixed management fee, will be returned to the Exchange Fund Account for the purchase of high credit quality, marketable fixed-income securities, in compliance with the fund's mandate"


http://www.mint.ca/store/news/a-nat...out+the+Mint