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 Replies: 49 / Views: 12,311 |
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Pillar of the Community
Canada
5324 Posts |
a question for the more experiance collectors on theses gold coins, was this 230000 units never issued or were they redeemed and supposively melted? the story on the 1921 5 and 50 cents are well known most of them were maybe melted
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Valued Member
Canada
475 Posts |
Gosh that word "maybe" is powerful! The 1912 -1914 Gold were issued as is evidenced by the many that are available in EXF AU. These ones rolling around in canvas or cloth bags at the Mint and then BOC are bound to have marks as 22K is soft and easily scuffed. It will be interesting to see TPG results on some of these when submitted. I am certain tehre will be few that make 63 or better?! |
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Pillar of the Community
Canada
1554 Posts |
 When we read in the Charlton Cat. about the 1921 nickel and the 1921/1920 half dollars, they state that X amount of coinage was melted. How does anyone know this to be true? Are there any witnesses? Can we believe what the Mint officials state? In light of what has happened this week with the "discovery" of the 1912-1914 gold coins, it sends shivers down my spine thinking of what else may come out of the woodwork? If a Collector has paid a reasonably large sum of money for a coin that he/she believed to be scarce and the R.C.M. finds and releases more of these supposedly scarce coins, the Market value will drop enormously. I can't imagine how Collectors of Canadian gold coins are feeling right now? It will leave all Collectors of higher value coins on pins and needles for awhile, I think. Glenn  |
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Moderator
 Canada
10458 Posts |
I think you are over-reacting. This is nothing new... Carson City Morgan dollars, Heaton Hoard, Pittman's rolls of mint state 1936 1-cents, a mystery roll of 1914 5c or a mint state roll of 1948 silver dollars. Yes, the short term impacts can be negative for a few people, but I think the long term benefits prevail. Do people still complain of the Heaton Hoard? No, many collectors appreciate being able to afford and buy a mint state 1873 PEI large cent or a 1936 Pittman red cent for a George V type collection. I would argue that none of those gold coins were a "rarity" by any means... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
650 Posts |
Could someone clarify ; The total mintage , according Charlton is about 665000 for the 6 coin series, are these part of this number?
Even with a re introduction of 200,000 the average mintage is only 100,000 per coin.
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Valued Member
Canada
334 Posts |
Even if the mintage is relatively small . There isn't 30,000 hard core canadian coin collectors out there . Maybe the release of these for "giftware" may lead to some of those receiving them to get interested in coin collecting .
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Valued Member
Canada
334 Posts |
I would think the only further surprises will be the sovereigns . Who knows what might be sitting there though .
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Pillar of the Community
Canada
632 Posts |
The mintage includes these coins.
That is why these coins would only worth above melt if in higher grades.
I DOUBT (caps for emphasis) someone will find anything above MS63 in this hoard. In other words, each and every coin in this sale worth melt and will ever worth melt.
It is a nice series but I still prefer the 1967 $20. They are available slightly above melt and at a premium when in higher grades (as with the 5 and 10, this coin will always worth melt at lower grades).
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Pillar of the Community
Canada
632 Posts |
Regarding sovereigns, as long as I know, with an acquiring power equivalent to 250/300 bucks today, they did not circulate a lot and ended up being struck to pay for the WWI expenses. Most of them where sent overseas. If there are hoards (and I believe there are) they are on european hands.
5 and 50 cents where not big money like the sovereigns or the 5 and 10 dollars and should be rationalized on another way. There may exist a few coins here or there but this will not impact their market value.
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Valued Member
Canada
299 Posts |
I would buy the 'special' 1921 5c & 50c boxed set for $1500.00 when the RCM finally gets around to releasing it. :) |
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Valued Member
Canada
334 Posts |
Interesting comments from a dealer on these pieces . Looks like the dealer community might of had some say on the release of them .
Re: mint release of 5 and 10 dollar gold coin hoard
I have seen the coins....very very nice....fasten your seat belts.76 bags of circs and 374 bags of untouched coins that show very little abuse....only the best are being released and rest melted 217,000 to the pot to make the rest playable in our small market that is now getting worldwide attention.......Coins were moved only twice in 100 years...RCM to B of C in 1935 and back to mint in 2011. This group of coins is what the doctor ordered for our marketplace....
Sandy Campbell, 12/3/2012
CCRS member since: 1/4/2005
Posts: 490
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Valued Member
Canada
334 Posts |
Not picking on this particular dealer but in any other market wouldn't that be market manipulation ? I wonder if some were sold before hand to the dealers ?
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Pillar of the Community
Canada
2426 Posts |
I think that if word leaks out that anyone received first pick, then the mint may see lawsuits from those who purchased premium hand selected coins!
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Pillar of the Community
Canada
3690 Posts |
I have noted this before so forgive me for repeating but this appears on the RCM's Facebook page. " Royal Canadian Mint / Monnaie Royale Canadienne Hi Gary Gao These gold coins are available from the Royal Canadian Mint, and select Canadian dealers only (they are not available through Canada Post). You can call 1-800-267-1871 to order, or order them online here: http://www.mint.ca/store/product/19...v28_1912goldNovember 29 at 10:13am · Edited · Like" Either this information is incorrect, or some dealers have the coins and must have gotten them before they went on sale. However, I know of none that are selling them yet. |
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Pillar of the Community
Canada
2426 Posts |
If this is the case then I do believe that a few Lawsuits may be lingering!
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Replies: 49 / Views: 12,311 |
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Posted 12/01/2012 10:41 pm
