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Replies: 52 / Views: 10,537 |
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Valued Member
Canada
343 Posts |
I am partial to this coin - I think it has a really nice classic design. I've heard lot of these have gone to the melt bin at coin shops over the years and probably a lot when gold spiked to $1900 in 2011. Is it possible to have an educated guess as to how many of these are still around? Original mintage was just over 334,000 - could it be that half or more of these have been melted? Will this coin ever gain any value aside from its inherent gold value?
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Pillar of the Community
Canada
2845 Posts |
I have no idea how many gold coins are left but I agree, they are very attractive in design.
I though I'd offer some additional points of interest.
In 1967 the anticipation of Canada's Cenntenial was huge. I was just a young child but I still remember there were exciting events happening everywhere, celebrations, parades, all the new circulation coin released.....it was very memorable!
1967 was also the last year of silver coins and this was known by the public in advance.
According to my 2015 Charlton: Uncirculated Sets - 963,714 @ $4 each, present value $40 (consider that 60,000 sets were minted in 2016) The 100th Anniversay of Comfederation Sets: Silver Medallion version - 72,463 sold @ $12 each, p/v $70 $20 Gold Coin version - 337,687 sold @ $40 each, p/v $875
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Valued Member
 Canada
343 Posts |
I was only 9 in '67 - if I could go back in time . . . . Coin roll hunting back then must have been a lot more fruitful.
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Pillar of the Community
Canada
2845 Posts |
Oh gosh then I was I a wayyyyyy older child at the age of 11!  Yes, if one had only known..... Do you have memories of 1967? I recall my parents sent me all by myself on a bus to go to my cousins in Calgary, to watch the Cenntenial parade. The bus was over capacity so the bus company hired taxi cabs to take additional people with tickets. I thought myself very worldly to have a cab ride all the way to Calgary because it the first one I ever rode in.
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Pillar of the Community
Canada
1751 Posts |
Those are some cool memories of the event wildflower. I was 5 and had no idea of any events going on and I was in Edmonton at the time. Nor was I aware of silver dollars or the nickel ones that followed. It had to be an exciting experience.
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Pillar of the Community
Canada
5324 Posts |
Most of them maybe 75%, still leaves a lot.
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Valued Member
 Canada
343 Posts |
I remember it being a special year - with the 100th birthday - Caaaaannnnnnaaaaaaadddddddaaaaaa, 1,2,3 . . . . Hey Wildflower - we were almost neighbors then - I was living in Medicine Hat.
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Pillar of the Community
Canada
2845 Posts |
Perhaps my memories were elevated because my father was also an avid coin collector at the time. For the next few years I recall handing over every single silver coin I ever found, the find was fun. That's one of the reasons I now attempt to share my coin passion with my grandson. When my children were growing up other things were priorities but I now strongly believe it helps for coin collectors of tomorrow to recall the thrill of the find as a child.
John you could be right, possibly the majority of $20 coins remain. If they do, my guess would be it's because they're being held as family mementos of the Cenntenail. What's your reasoning in your estimate of 75%?
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Valued Member
Canada
430 Posts |
WildflowerAB:
Silver Medallion version - 72,463 sold @ $12 each, p/v $70 $20 Gold Coin version - 337,687 sold @ $40 each, p/v $875
The premium was only $8 or the $20 FV gold piece! Compare to today's huge premium for gold NCLT.
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Pillar of the Community
Canada
2845 Posts |
Yes, gold was nothing remarkable back then and RCM was not profit driven. I always got the impression their role was more toward sharing national patriotism through NCLT. Just a few years later, RCM sold Canada $100 gold coins in the '70s as well. This was the purchase price: 1976 (Montreal Olympics) 14kt $105 or 22kt $150 1977 $140 (.5 tr oz each year) 1978 $150 1979 $185 1980 $430 1981 $300....
Edited by wildflowerAB 01/19/2016 10:34 pm
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Pillar of the Community
 Canada
5394 Posts |
As Pierre Burton once wrote, " 1967 The Last Great Year" ......Canada has been on a slow death spiral since. All the coins were silver , we had good government , the Leafs won the Stanley Cup ......but I digress.
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Valued Member
 Canada
343 Posts |
Hmmmm - I don't know - 75% sounds high. One the one hand I'd like to think that families that were lucky or smart enough to buy these at the time would hang on to them and understand the value these coins hold, on the other hand I have heard numerous stories of how the kids or grandkids who inherit these coins do not have that sense of value and have no problem cashing out for a quick buck.
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Valued Member
 Canada
343 Posts |
I remember the leafs winning the Stanley Cup - just barely. Tim Horton was my favorite player and that was before I knew anything about coffee. Yes, it seems that times were better then . . . I remember going the the World's Fair in Spokane - 1974 - it was a school trip and my first time away from home without parents. When I got back I was amazed when I cashed out my US dollars for Canadian - and got back 1.08 for every US Dollar - sad as I see the loonie lost about 1% in the last two days - sitting at 68.4 right now and I have a feeling we'll lose another penny or two tomorrow - especially if the BoC drop interest rates again. On a side note gold is almost at $1600 in CDN - so that's a plus.
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Pillar of the Community
Canada
5324 Posts |
You have a coin that even today is only worth bullion value for what ever reasons, the price jump in gold since 1967 unfortunately ended most this coin in the melting pot. The few times I have seen a dealer buy the gold coin was for bullion value only, and off to the melting pot.
Edited by john100 01/19/2016 11:27 pm
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Pillar of the Community
Canada
2845 Posts |
John I read your post wrong, so you think 75% got melted?
What are you basing your opinion on?
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Pillar of the Community
Canada
5324 Posts |
Gold has had two large run ups in the last 20 years and especially the last one going up to 1800.00 most of these common date gold coins were sold to dealers to end up being melted.
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Replies: 52 / Views: 10,537 |