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 Replies: 58 / Views: 11,856 |
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Pillar of the Community
Canada
5324 Posts |
My problem with the sale of these coins was the utter disregard for the collecting community, if say the recent Landon coins enter the market place and disrupts the large cent market with these beautiful coins that's collecting, someone someday might appear a 1921 5 cent roll. The BOC is a government agency after all the fees I doubt they made much more than bullion value, then the RCM allowed a famous Canadian dealer advanced preview and sale as exposed in the pcgs video while everyone else was sold one limit as is, no return sale |
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Pillar of the Community
Canada
5324 Posts |
Sorry, one added comment if someone here a RCNA member, why didn't ICCS grade these coins as it seems they were hired to pick the coins for sale, it seems simple for the RCM have ICCS just grade all the coins for public sale. |
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Valued Member
Canada
495 Posts |
@john100
That is something I have been curious about since becoming familiar with this topic of the gold hoard, why didn't ICCS grade them? Anyone out there have any ideas...
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Bedrock of the Community
Canada
21601 Posts |
It was up to the individual buyer to send them for grading
after receiving them from the mint.
ICCS did end up grading over 1300 but because they use soft flips which can cause a soft metal
like gold to be easily marked,most dealers and individuals
sent them to PCGS who had special hard cases and labels made up plus they had a special on the
pricing for Gold Hoard coins.
CCCS in Montreal also graded some of these.
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Valued Member
Canada
495 Posts |
@jimmyd Thanks for that info. Its time ICCS got into the slab business but that is another topic  |
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Pillar of the Community
Canada
972 Posts |
I agree with John100 on how the sale of these coins were handled by the BOC.
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Pillar of the Community
Canada
1505 Posts |
Does anyone have the breakdown of the ICCS graded coins ( x 1912 $5, x 1913 5$ etc...) I have been keeping track of how many were broken out of original case. If you can share, it would be greatly appreciated, I will post the totals to this thread.
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Bedrock of the Community
Canada
21601 Posts |
Five Dollars-
1912-435
1913-312
1914-171
Ten Dollars-
1912-128
1913-147
1914-166
This for Mintstate coins only.
Does not include circulated coins.
Edited by JimmyD
07/04/2015 3:51 pm
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Pillar of the Community
Canada
1505 Posts |
Thanks Jimmy, are these for the Bank of Canada hoard coins or all the ones ICCS has certified?
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Bedrock of the Community
Canada
21601 Posts |
It's the total that ICCS has certified.
They don't distinguish what was Hoard or
other issued coins.
Edited by JimmyD
07/05/2015 4:47 pm
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Pillar of the Community
Canada
1505 Posts |
Too bad, if someone has a 2012 population report, we could make a reasonable estimate. Here are the numbers excluding ICCS (until 2012 gets posted) and this chart has been posted before.  |
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Pillar of the Community
Canada
1581 Posts |
While were at it, I have a bone to pick with the government over this Maple Leaf flag. I know it was done in 1965, but I haven't gotten around to complaining about it until now.
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Pillar of the Community
Canada
1461 Posts |
Keep in mind that on top of the ICCS numbers, many of these coins were PCGS graded. In my opinion anything more common up to MS63 will become bullion with time. Maybe even 64 for some of the $10. Even some of the higher grades are now selling at 10% trends. $5- Total graded 2,328 (Most of these would be MS60 and up) $10-Total graded 13,283 (same) Here are the links for detailed breakdowns which also show the hoard numbers. http://www.pcgs.com/pop/detail.aspx...421&p=MS&t=5http://www.pcgs.com/pop/detail.aspx...424&p=MS&t=5Edited by TheCoinHunter
08/02/2015 12:50 pm
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Valued Member
Canada
491 Posts |
Maybe if the RCM had price the coin's at a better price they would of sold a lot more. I think the RCN thought that collector would be falling over each other to buy them, since that did not happen what to do with the rest. Can't admit they did not sell well, so spin a story like we'll melt them and say it's to help to pay down the debt that will work. I bet none of the money from the melting will go towards any debt politics all about saving face |
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Pillar of the Community
Canada
5324 Posts |
The RCM did sell their allotment of 30000 coins from the Bank of Canada, it's the way the RCM took advantage of the ordinary collectors as I mentioned above that is the problem. If they added more coins the market will not support and any coins below ms63 or 64 in some years will become bullion value. |
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Replies: 58 / Views: 11,856 |
First Page
Posted 07/01/2015 12:09 pm
