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 Replies: 2,778 / Views: 300,424 |
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Valued Member
Canada
156 Posts |
I broke down and bought a 1914 $5.
So has the mint set aside a set number of each date and denomination or are they just selling whatever until they reach their goal of 30,000?
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Valued Member
Canada
491 Posts |
Just crunching some numbers here, total Canadian gold coins minted from 1912 to 1914 is 659,693 now the EFA is going to melt (215,000) 32.6% of the mintage numbers, left over is 444,693 assuming more have not been melted.
Surviving coins from the EFA of the 1914 $5 dollar variety if they held 1/3rd of the mintage then they hold 10145 coins. Stated in the news release they are planning on keeping 12.2% of all these coins to sell to the public. That means 1217 may be sold during this offering in differing grades.
Minus the 294 hand picked premium coins, 1217-294= 923 of the $500 coins.
Melted 1914 $5 coins could reach 8927 on this basis, 31122-8927= 22,197 surviving.
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Pillar of the Community
United States
1002 Posts |
Thanks CC-Ottawa for the packaging information.
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Pillar of the Community
United States
1002 Posts |
I wonder which of the mint staff or personnel select and judge into which category the coins fall.
Just thinking in general that sometimes an AU-55 coin looks "nicer" than a MS-60 coin.
If the selecting is not being conducted by experienced graders, are buyers taking a chance by paying for the "premium" coins?
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Pillar of the Community
United States
2408 Posts |
I broke my promise and placed an order for the hand-selected $5 1914.  At today's gold price, this coin has 416.56 USD in gold. Not bad at all. This is quite shocking for those who might have paid a lot more through dealers. What else is lurking in those vaults? So... what sort of grades are we expecting here? |
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Pillar of the Community
Canada
572 Posts |
It would be difficult to speculate if the 1914 $5 will remain the "rarest", which appears to be a safer bet. According to J&M, the mintage are: $5 1912 165,680 25.12% 1913 98,832 14.98% 1914 31,122 4.72% $10 1912 74,759 11.33% 1913 149,232 22.62% 1914 140,068 21.23% Total 659,693 100.00% RCM holds ~245,000 of them and is going to melt ~215,000. That leaves ~444,693 survived. Assume that the percentages remain the same, which is nearly impossible, after the meltdown, the new distribution would be: $5 1912 111,690 25.12% 1913 66,626 14.98% 1914 20,980 4.72% $10 1912 50,397 11.33% 1913 100,602 22.62% 1914 94,424 21.23% Total ~444,693 100.00% Just for fun :) |
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Valued Member
Canada
112 Posts |
As I said, this is not a bad deal for 1994 $5. Also I recommend to keep the original invoice/receipt from RCM. It is a proof that you catch up with this history of RCM and Bank of Canada. |
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Pillar of the Community
Canada
1189 Posts |
I will pass this time. They are not pure gold.
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Pillar of the Community
United States
2408 Posts |
I was tempted to get all - but my wife would kill me. She just found out I bought the $5 1914  |
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Valued Member
Canada
112 Posts |
To: canadian_coins
I have the same concern with you. LOL
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Pillar of the Community
Canada
2426 Posts |
Shipping will begin at the end of January!
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Valued Member
Canada
112 Posts |
To: canadian_coins
I have the same concern with you. LOL
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Pillar of the Community
Canada
1189 Posts |
 I will ask my wife to buy it for me instead. In return, I will buy her a nice X-mas gift. Both are happy. |
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Pillar of the Community
Canada
2426 Posts |
@RogerD
Please explain how this event will make the coins more elusive.
30,000 extra coins will soon be in the maket place including the 3 that I purchased today.
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Valued Member
Canada
453 Posts |
Quote:
I will ask my wife to buy it for me instead.
In return, I will buy her a nice X-mas gift.
Both are happy. Now there's a wise man! I discussed the matter with my better half before ordering. She was all for it! She likes shiny things  |
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Replies: 2,778 / Views: 300,424 |
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Posted 11/28/2012 7:00 pm
