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 Replies: 49 / Views: 12,318 |
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Bedrock of the Community
Australia
21788 Posts |
It can be assumed that the RCM is fully aware of the fact that there ARE coins with significant numismatic value associated with the scarcer coins in this series. It is a safe bet that the scarce coins are not available in this release, or would be sold at a higher price, to the benefit of the RCM. |
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Pillar of the Community
Canada
1984 Posts |
This release did include all 6. The 1912 and 1914 $5 are already sold out unless you buy the full premium set of 6. I wonder if the coins will all become more or less equally valued in the future.
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Pillar of the Community
Canada
2301 Posts |
They all must drop to melt. R1 in rarity now. Or will people pay just like the 1948 dollar......because they are told too?
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Pillar of the Community
Canada
3690 Posts |
Quote:It can be assumed that the RCM is fully aware of the fact that there ARE coins with significant numismatic value associated with the scarcer coins in this series. It is a safe bet that the scarce coins are not available in this release, or would be sold at a higher price, to the benefit of the RCM. These coins belonged to the Bank of Canada and it was their decision how to convert them to cash. The RCM did not decide to sell these for numismatic value or for their benefit. The RCM was paid a fixed management fee to liquidate the asset of the BoC. Presumably, the RCM made a little more for packaging and selling the coins rather than just melting the whole lot but it's the BoC who will realize most of the return resulting from the conversion of gold stores to cash. It's not a whole lot different that you taking your collection to a retailer who sells it for you on consignment. Though likely on a larger scale. The BoC doesn't care about numismatics. They simply want to maximise their return on the gold. But, to your point, I would not be surprised to learn that the BoC sold a small number of the best coins to dealers and that we will see them for sale soon. Edited by CC-Ottawa
11/30/2012 11:36 am
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Pillar of the Community
Canada
5324 Posts |
for what its worth, I just spoke to a bank of canada rep on the 800 line she says the bank only stores the coins, that these coins belong to the RCM. |
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Pillar of the Community
Canada
3690 Posts |
Edited by CC-Ottawa
11/30/2012 11:55 am
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Pillar of the Community
Canada
972 Posts |
I'm was definitely not happy to see RCM release these. See "Post Your Recent Coin Purchases" thread page 13.   |
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Pillar of the Community
1007 Posts |
Beautiful coins wireman09
If you don't mind me asking, are the mints coins a good deal compared to what you paid.
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Pillar of the Community
Canada
972 Posts |
Rockdaddy...It would depend on the grade of the coins that the mint is releasing. The hand selected coins the mint are releasing are $875 and $1750ea. If they grade around MS63 then they are about $1000-$1500 less than what mine were purchased for. A high grade 1914 5 dollar was a tough coin to find, but not anymore.
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Pillar of the Community
Canada
1554 Posts |
 This will definitely effect the value of the 1912-1914 gold coins, without a doubt. The only grades that may not be affected will be the ultra high grades of MS-65/66. It's obvious the Mint waited for a strategic time to dump these reserve pieces back into the market place! Look what recently happened when a dealer introduced a roll of 1914 nickels recently into the market place! And how about the rolls of 1937-1949 small cents that have been found. Once this happens, most of the choicest coins get sent to North American T.P.G.'s which are closely monitored by Canadian Coin News Trends and Charlton Cat. staff. With these new found stats, prices are adjusted accordingly. ...............and you know which way they go! Glenn  Edited by glenzy1
12/01/2012 5:39 pm
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Pillar of the Community
Canada
1005 Posts |
Looking at ccn and 1914 five cents I do not see a drop in price from June 5 issue to Sept 25 issue to Nov 20 issue. All grades priced the same as they were in June.
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Pillar of the Community
Canada
5324 Posts |
take a 1914 5 cent to any dealer and ask what they will offer you? when you introduce 30,000 units that was previously unknown, how will this not effect the marketplace. except for the few highest graded pieces, the rest will trade at bullion and maybe plus 100.00 just like the 1967 gold coin
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Valued Member
Canada
475 Posts |
Now .... where oh where are all of those 1916 C Sovereigns and 1921 5 cents and 50 cents silver pieces?
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Pillar of the Community
Canada
1554 Posts |
 I can just see a few years from now the Director of the R.C.M. making a public announcement that the Mint has discovered 30,000> 1921 nickels and 50,000> 1921 quarters that they "forgot" to melt. "these will be released to the public over the next few months. Get your orders in early folks, our employees are hand picking the choice pieces". Glenn  |
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Valued Member
Canada
475 Posts |
Glenn ... indeed makes you wonder. Somehow I do not think you are far from the truth. One of the reasons that a 1916C sovereign has always been on My own do not buy list at any price for ever.. I wonder what a freedom of info request would reveal on Mint and BOC holdings? Hmm!
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Replies: 49 / Views: 12,318 |
First Page
Posted 11/30/2012 09:17 am
