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Thinking Of Sending My Boc Hoard Gold Coins To CCCS

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osmiumblue's Avatar
Canada
245 Posts
 Posted 11/20/2013  1:06 pm Show Profile   Bookmark this topic Add osmiumblue to your friends list Get a Link to this Message Number of Subscribers
Hello.

As it turns out, PCGS seems too "demanding" when it comes to grading a few of these coins. I'm thus seriously thinking of sending my coins to CCCS (for hard slabbing); I've heard that they are consistent and they (mostly) grade it right. I've asked them if they will consider a specially designed insert for these coins , and am waiting for their reply.

So what do you guys think of the consequences of this? I mean, if in 20 years CCCS grows to be the PCGS/NGC of Canada, it might actually be not too shabby a choice. Also, I'm sure as you all know, it's always about the coin and not the holder...

=======================

PS. I heard back from Louis: no new inserts for now, but rather it's in their futureplan .
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 11/20/2013  1:54 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
Good idea. I approve
Valued Member
osmiumblue's Avatar
Canada
245 Posts
 Posted 11/20/2013  3:28 pm  Show Profile   Bookmark this reply Add osmiumblue to your friends list Get a Link to this Reply
Thanks. I'm hoping to hear from a large number of members, in particular those who have used both PCGS and CCCS's services.

Also, how do the slabs compare in terms of clarity, scratchability, size, and overall look and feel. There are no holographic stickers on the reverse panel of CCCS; does this translate to easy-to-counterfeit slabs? I read somewhere that unlike PCGS slabs, CCCS slabs are watertight.

Again, I understand the immediate financial consequences -- these will sell for less on ebay; but have you checked the recent completed listings on ebay? Yes, sellers are asking for a lot for PCGS-slabbed ones, but almost nobody are buying them for these prices. Also, in the worst case, I'll have to "upgrade" them to PCGS slabs, but I assume they will come with regular PCGS inserts (and not the specially designed pink inserts) then. Do you think there will be any price difference between two PCGS slabs with similarly graded coins, one with a special "Canadian gold reserve" insert, and another with a plain or secure plus insert?

Finally, Louis confirmed that he will add some qualifier to distinguish these coins from non-BoC hoard coins, and although he don't usually, he will return the original capsule and peeled-out stickers if requested.
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Nathancrh1's Avatar
Canada
785 Posts
 Posted 11/20/2013  5:20 pm  Show Profile   Bookmark this reply Add Nathancrh1 to your friends list Get a Link to this Reply
Good idea on getting them in a hard slab. Just out of curiosity, why do you want them to be distinguished as BoC hoard coins?
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 11/20/2013  5:22 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
For us Canadians, sending them to PCGS is high maintenance.

Too costly, too much trouble for too little return.
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darryldarryl's Avatar
Canada
2426 Posts
 Posted 11/20/2013  6:36 pm  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply
I find CCCS Hard slabs to be the nicest looking of all grading company slabs. They look great and are much cheaper to slab with a quicker turn around time then PCGS or NGC.
The only draw back is trying to sell the coin in a CCCS slab internationally.
Edited by darryldarryl
11/20/2013 6:36 pm
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persistnt's Avatar
Canada
726 Posts
 Posted 11/20/2013  6:38 pm  Show Profile   Bookmark this reply Add persistnt to your friends list Get a Link to this Reply
Sounds good..........I am familiar with gold Hoard sell off last year...Some great coins, some not quite as good...So I ...
Edited by persistnt
11/20/2013 6:39 pm
Valued Member
Canada
108 Posts
 Posted 11/20/2013  7:13 pm  Show Profile   Bookmark this reply Add jello_g to your friends list Get a Link to this Reply
If one intends to hang on to such pieces for several years, perhaps decades, why bother going through the trouble of slabbing them now? The BoC examples come from the mint in a pretty tight capsule, so I doubt the coin will change much if at all if stored as is in appropriate conditions (if this is a concern).

But if one must get a hard slab today, with the consideration of maximizing market return in the event of resale, I'd go with PCGS first, NGC second. I get the feeling that high calibre coins hard-slabbed by any other TPG won't garner the same attention.
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osmiumblue's Avatar
Canada
245 Posts
 Posted 11/20/2013  7:42 pm  Show Profile   Bookmark this reply Add osmiumblue to your friends list Get a Link to this Reply
Wow, that's a lot of encouragement, thanks all. Please keep them coming, not just the good ones, but also the bad, and possibly the ugly ones.

doubleeagle59: My overall idea/motivation was to push this small company a (tiny little) bit towards breaking this US big-three monopoly; hopefully one day we will have a big company (and hopefully a "sustainable" one -- not just a one man show business) right here in Canada. To me, CCCS seems to have that potential and they are also willing to grow.

I'm happy to learn about the good quality slabs, darryldarryl.

Nathancrh1: The mint produced and released them during 1912-1914, but withdrew and held them for a century, before releasing some to collectors and melting the rest in 2012; thus these newly released coins are variously designated as "Ex Bank of Canada" (ICCS), "Bank of Canada Hoard" (NGC), "Canadian Gold Reserve" (PCGS), etc. Read the story here (concatenate the two lines, copy and paste to your browser; not sure why it is not working):

http://www.mint.ca/store/product/1912.jsp?
campaignName=war1912&pId=1200006&lang=en_CA

That reminds me, we must pick and propose a qualifier. We'll do a separate poll, maybe. Any suggestions/ideas will be appreciated.

Finally, Jello, yes, I plan to keep them for years; unfortunately, and as often, the RCM didn't do a good job encapsulating these; there are much quality control issues. For some coins, stickers are placed on the raised joints/seals of the two parts of the capsule; these stickers are trying to come off every time I try to have a look at the coin. Another capsule is very badly internally scratched, most likely as a result of the friction with the rim of the coin (the actual coin is beautiful). Also on the same coin, some of the black fillers/foams are already disintegrating -- all these are taking away from the beauty of the coin. I see issues mostly with the $5 coins (as they are thinner than the $10 ones, and often become loose in the capsule easily). This is why I want them TPG-ed...
Edited by osmiumblue
11/20/2013 11:28 pm
Valued Member
osmiumblue's Avatar
Canada
245 Posts
 Posted 11/20/2013  11:00 pm  Show Profile   Bookmark this reply Add osmiumblue to your friends list Get a Link to this Reply
Guys, I'm hyper excited...

I have finally decided to send 2 of my coins ($5 and $10, both from 1913) to CCCS for hard slabbing. I completely understand that I might be not too happy with the (technical) grades (compared to more liberal PCGS/NGC grades), but ... For now, I'm keeping my $5 from 1914 intact.

So finally I'm hoping to have some all-Canadian product (i.e. if the slab is not coming from China ).

Anyway, I need to propose a qualifier, that I guess needs to be approved by CCCS, and that better be uniform for all such submissions to CCCS. Again, already taken are:

A) "Ex Bank of Canada" (ICCS)
B) "Bank of Canada Hoard" (NGC)
C) "Canadian Gold Reserve" (PCGS)

So how about:

1) "Canadian Gold Standard" (all mine )
2) "Dominion of Canada Gold Reserve" (all mine; a bit too long? )
3) "First Canadian Gold Coins" (taken from the Mint site)
4) "Canada's First Gold Coins" (again from RCM site)
5) ?

Of course CCCS has the final say, but watcha all think?
Edited by osmiumblue
11/20/2013 11:16 pm
Valued Member
osmiumblue's Avatar
Canada
245 Posts
 Posted 11/21/2013  04:09 am  Show Profile   Bookmark this reply Add osmiumblue to your friends list Get a Link to this Reply
I can't sleep, but had this most brilliant idea ; how about:

1. As the country name, we have:
"Dominion of Canada"

It was called just that in 1912, right?

2. As the qualifier/description *on the hard slab*, we have one of the following:
A) "Canadian Gold Standard", or
B) "Canadian Gold Standard (2012 Release)", or
C) "Canadian Gold Standard Release", or
D) "Canadian Gold Standard Hoard".

The first part relates to the history of why these coins were actually produced, i.e. to join the international gold standard movement; the latter (i.e. release/hoard) distinguishes these coins from those that were not stored in the Bank of Canada/RCM for the last 75 years.

I like 1.2A and 1.2B the most.

Now, have anyone seen Louis?

I assume all of you have a day job, eh?
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Canada
9865 Posts
 Posted 11/21/2013  12:13 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
[quote]1. As the country name, we have:
"Dominion of Canada"

It was called just that in 1912, right?[quote]
Wrong.
"Dominion of Canada" was a title or nickname foisted upon us by those who wished to maintain close links to Britain and its domination over our affairs.It was never the official name of this country.

If you plan on holding the coin for decades a CCCS hard slab would be a good choice.
"Dipping" is not considered cleaning...
-from PCGS website
Valued Member
osmiumblue's Avatar
Canada
245 Posts
 Posted 11/21/2013  12:40 pm  Show Profile   Bookmark this reply Add osmiumblue to your friends list Get a Link to this Reply
Thanks, before I made my suggestions, I was speed-reading Wikipedia for this and it is in fact somewhat confusing; e.g. bank notes from that period did use that long name. Anyway, I agree with you, "Canada" would probably be the proper way to go; this will also be inline with all those earlier coins graded with "Canada" as the country name.

So, what's your vote on the qualifier?
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9865 Posts
 Posted 11/21/2013  12:49 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
2012 Release

"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
11/21/2013 12:51 pm
Valued Member
osmiumblue's Avatar
Canada
245 Posts
 Posted 11/21/2013  12:54 pm  Show Profile   Bookmark this reply Add osmiumblue to your friends list Get a Link to this Reply
Thanks, I assume you mean the whole thing, i.e.: "Canadian Gold Standard (2012 Release)".
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NuMoosematist's Avatar
Canada
867 Posts
 Posted 11/21/2013  3:36 pm  Show Profile   Bookmark this reply Add NuMoosematist to your friends list Get a Link to this Reply
@ osmiumblue

I recommend that you keep the coins the way they came from the mint.

I don't think the subjective grades of any of these grading companies will make any difference to their eventual value down the road. In fact I think they will be more valuable to future collectors undisturbed.

Unless you really care if some stranger offers a subjective grade to your coins, I would leave them alone. You already know what they are, just by looking at them.

If anything, sealing them up in a slab or ICCS type holder does not do these special coins a favour.

I plan to keep my set in their original RCM boxes (four clamshell and two wooden) and packaging.

Just my $5 and $10...
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