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 Replies: 2,778 / Views: 300,331 |
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Pillar of the Community
Canada
1461 Posts |
I guess one can say we see enough out there to significantly impact price..... That's why a 64 is easily obtainable at less than 20% original trends and slightly above $1000.00.
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Valued Member
Canada
127 Posts |
According to Canadian Coin News, it is now official that the remaining 200,000 gold coins from 1912-1914 were melted down.
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Pillar of the Community
United States
4691 Posts |
I remember when these came out. I had an order in for several. The RCM delays and falling gold prices compelled me to cancel my order. What is the general conclusion regarding if these were a good value? |
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Valued Member
Canada
430 Posts |
I am still super happy with my purchases. The coins, the design, and its history is still amazing for my money paid. No regrets at all.
I had ordered a whole bunch of the $5 gold pieces and the 1912 $10 coins. In turn, the demand for these coins was amazing, especially with all the news agency picking up the stories and publishing them in the papers.
Fortunately, I have a complete set of the hand-select $5 and $10 gold pieces, and I also have the premium boxed set for my collection, the one that cost $12,000. The profits from selling the $5 gold pieces and the 1912 $10 coins covered the cost of the premium set. The demand and the prices were very strong considering that demand outpaced what was issued by the Mint, especially for the $5 gold coins and the 1912 $10 coins.
I strongly feel that these gold coins continue to be a better value, than today's NCLT coins that the Mint spits out each month at ridiculous prices compared to their metal content.
Edited by Coinsplus
06/27/2015 01:20 am
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Valued Member
Canada
430 Posts |
Here's an interesting article from the "Economist" about the sale of the coins. The article discusses how the Conservative government was trying to raise money by selling Canada's assets over the years. http://www.economist.com/blogs/amer...nment-assetsEdited by Coinsplus
06/27/2015 01:34 am
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Pillar of the Community
Canada
6768 Posts |
Looks like that the demand for them decreased.
But still I think, that the mint instead of melting, could release bit more. Knew people searching for 100-yrs old Canadian gold coin in "OGP" for their 2012-2014 born kids.
Really great Canadian coins, no regrets for the purchase of few of them.
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Pillar of the Community
Canada
2425 Posts |
Has anyone been following the sale of these Gold Coins?
3 or 4 years ago many people were saying that these wouldn't sell for much more then melt. Is this true?
What is the going rate for the $5 and $10 Gold coins in their Clamshell cases today?
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Pillar of the Community
Canada
4911 Posts |
i got one a couple months ago for about $500, it is an exceptional looking 1913 $5. I am VERY happy with it.
Feel free to call me Will.
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Pillar of the Community
Canada
4911 Posts |
Feel free to call me Will.
Edited by thedollarman
02/03/2016 7:58 pm
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Pillar of the Community
Canada
2845 Posts |
Mid 2015 where this thread ended, the price of gold was about $1400 Cdn/oz. Over the past few weeks it's nearing $1600 Cdn/oz and with the increase along with expectations of even greater increases due to global economic weakness in general, I've noticed lately the premium for gold coins has risen sharply as well. It's very difficult to find "a good deal". Only if one thinks gold will continue to go up in value is now a good time to buy gold coin, considering the bullion price is heavily factored in the price. Gold prices over the past 2 years: http://goldprice.org/gold-price-canada.html |
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Valued Member
Canada
343 Posts |
I really like these coins and as of yet have been unable to justify the premium they command. Maybe someday I'll luck out at an auction and pick one up cheap, but not holding my breath. Will have to settle for the 1967 $20 coins for now - at least those I can get under spot.
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Pillar of the Community
Canada
1505 Posts |
Quote:
Has anyone been following the sale of these Gold Coins?
3 or 4 years ago many people were saying that these wouldn't sell for much more then melt. Is this true?
What is the going rate for the $5 and $10 Gold coins in their Clamshell cases today? I have not been keeping detailed records, but frequently see The 1913/1914 $10 sell for $1300-$1600 in MS63/64. $5 seem to be less frequent and usually go in $700-1100 range, depending on year (CAD). theDollarMan got a great deal on the 1913 @$500, I have never seen one in the original RCM capsule at that price, would buy one in heartbeat. Too bad the capsule is cracked like that. |
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Valued Member
Canada
109 Posts |
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Valued Member
Canada
495 Posts |
What an interesting thread on the BOC gold coins I, like a lot of others am happy to have a piece of history [ MS64 $10 for me ] and will be delighted to pass on to one of my Grandkids. My goal this year is to add other years and tuck them away.
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Pillar of the Community
Canada
2845 Posts |
Macdon I think that's a very wise plan. Even the release of the hoard by the B of C becomes another part of their history. The intrinsic value of the gold can at least be determined as opposed to wide fluctuations of silver MS coin primarily based on consumer demand.
As Canadians it seems we've become overly focused on silver collections, whereas I notice in the US their much larger array of historical gold coins appear a popular collection item. Aside from the 1912-1914 $5 and $10, we also have 10 years of Canada Gold sovereigns, minted from 1908 to 1919, in fact the reason Canada's mint was created, then nothing until the $20 gold coin celebrating the Centennial in 1967. Our options are limited and perhaps the reason why gold coins have not commanded a whole lot of attention in Canada or of their historical significance in the past.
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Posted 06/26/2015 7:30 pm
