Canada Gold 1912 $5 And $10

Thanks for posting this information, very interesting

Works out to about $1750/oz CAD realized value after expenses

Price of gold varies between $1700 USD and $1300 USD, and Canadian dollar going from 1.00 to .90 per USD over the same time period.

If my math is correct, they netted between $50/oz and $300/oz CAD above the spot rate during the sale (Rough numbers) plus another $1.25 million in GST, as the coins are not .999.

Another interesting tidbit, can't remember where I found it though, is the reason the gold hoard coins appear to look more "freshly gold" and pristine compared to later minted gold coin - pardon me the layman terms - is because the 1912-1914 coins were minted from raw gold nuggets, as opposed to newer gold coins which are made from "recycled" gold that's been melted down more than once.... old coins, jewellery, etc. I'd also suspect the melting/refining process from 100 years back wasn't as efficient as it is today, considering the bulk of lower grade gold coins.

I can understand the threat of a flooded market to existing holders of those coins but I don't understand why the existence of the hoard prior to the sale for almost 100 years was virtually unknown. I suppose if it ever was the intention of the Canadian Govt to melt the entire lot on the sly, the risk that word would get out was high.

I'd also think it's highly probable after the balance of the hoard was melted, it ended up with RCM, rather than its purchase from international markets. I hadn't realized RCM gold sales were so significant, therefore the gold hoard in terms of gold holdings versus volume sales in general is merely a drop in the bucket.

November 2013 Mint Report
"Today, the Royal Canadian Mint reported the achievements of another strong quarter.........The volume of Gold Maple Leaf (GML) sales increased 17.5% to 195 thousand ounces compared to 166 thousand ounces in the same period in 2012."
http://www.mint.ca/store/news/royal....Vc38_kpOKrU

Glad to hear it hope to see some pictures soon. I have a 1912 $10 one myself not from the mint sale but from my grandparents I've had since I was a kid, wasn't too happy when the horde came out but it's a great coin.

Somehow I ended up with one Quadrum Intercept holder and one regular Quadrum holder so this is in the raw.

I also wanted to share a few things that I learned along the way:
- It wasn't easy finding a $10, especially one that fell within my price range, while the $5 coins were far more available.
- There was a sharp price increase in grades AU/MS62 and then MS63, sometimes always double in price. Commonly commented upon, the deviation of standards between ICCS and PCGS influenced my decision to focus on ungraded coins at the best price with good features and glimmer, as opposed to grade. (although some day I may have these graded)
- As gold prices continued to rise in the recent past, our falling Cdn, buying from a US seller soon became out of reach. However I'd estimate well over half of the available selection, ebay, coin shops, are being sold by US sellers. That somewhat surprised me.
- Definite premium over bullion and reasonably priced there's clearly a strong market for the gold coins. I missed 2 good opportunities by thinking it over for just one day.
- I'm very pleased with the $10, the $5 is a lesser quality but overall I'm also glad the search is over.

Thanks SilverDon. Yes by watching sales for over six months I knew how much I was prepared to pay above bullion value and set my limit at no more than 25%. Even that severely limited my options. But considering my purpose was mainly sentimental value and the purchase is for the longterm, I decided it would not be wise to spend more than my limit. A great deal of discipline was required!

To add, I question whether the release of the hoard was harmful to those existing 1912-1914 owners of gold coins...or has it increased price and demand due to heightened awareness?

I agree, the design is elegant and timeless.

Over the past six months I've been keeping a steady eye on gold prices. At the beginning of December gold suddenly began spiking upward in conjunction with global economic weakness. Will it continue, anybody's guess....but it certainly results in significant swings in pricing of gold coins as well.


Source: http://goldprice.org/gold-price-canada.html

I wonder if there is a bunch of these gold coins being stored away by dealers seems to me that while we see lot of them in auctions for sale the 30K that were sold must be hoarded up somehere?

I wondered about that as well.

There's very few 1912-1914 on the market at any given time from any source including coin dealers, gold and silver dealers or private owners, other than those which are listed at hugely inflated prices.

I have no idea where the demand is coming from, but it's definitely there. Comparing the $5 gold coin to the 1967 $20 gold coin, both 90% gold and 10% copper. 8.36g compared to 18.27g yet the typical price of a lower grade $5 coin is more than 1/2 that of the $20 so the demand isn't solely based on bullion value.