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Replies: 24 / Views: 4,030 |
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Pillar of the Community
Canada
2845 Posts |
Not trying to defend RCM but in the '60s who would have known Gold wasn't about to skyrocket in value. The best example I can think of is looking back at the two 1967 Special Edition Sets. $12 for the one with the silver medallion. The one with the gold coin instead cost a heft $40. But as th gold coin had a face value of $20 and the medallion didn't have any, one could say the difference in cost was only $8, not $28. Imagine how that would play out today, if RCM offered two coin sets for sale, one with an added 1/2 ounce gold coin for less than the price of all the silver coins added together.
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Pillar of the Community
 Canada
5402 Posts |
In my opinion the quarters on Gold sovereigns , and all the other fantasy garbage from this 1967 to 1971 period is a total joke and is a small microcosm of how inept or corrupt the management and/ or the employees of the Ottawa Mint were during this period. I would not touch any of it with a ten foot pole. PCGS and others should be ashamed of themselves for perpetuating this material.
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Rest in Peace
United States
17900 Posts |
Since we can only speculate on how these oddities came to be, I don't think I'd be too quick to make a moral judgment.
Would you melt all the 1804 dollars and 1913 nickels?
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Pillar of the Community
 Canada
5402 Posts |
@ moxking .......you are kidding right? Comparing obvious fabricated RCM mint sport to a restrike of a classic US silver dollar. I will give you the 1913 Liberty nickels. There is very little speculation on how a sovereign or a German 20 Mark magically turns into a Gold Canadian 25 cents. Here's how that worked...... mint employee went to local Bank of Nova Scotia in Ottawa , where you could buy any Gold coin you wanted as Canadians could legally buy and sell all they wanted. Reports to work on the late shift strikes a few here and there and oh my , they suddenly end up in the hands of one of the three or four major coin dealers in Canada at the time. All the back door stuff from the late 1960s, early 1970s always came from the same three or four sources without exception.
Edited by Pacificoin 01/04/2017 5:35 pm
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Pillar of the Community
Australia
7096 Posts |
Quote: In my opinion the quarters on Gold sovereigns , and all the other fantasy garbage from this 1967 to 1971 period is a total joke and is a small microcosm of how inept or corrupt the management and/ or the employees of the Ottawa Mint were during this period. I would not touch any of it with a ten foot pole. PCGS and others should be ashamed of themselves for perpetuating this material.  The same goes for all the Mint Sport rubbish coming out of the Australian and US mints that is surfacing lately. These are most definitely NOT genuine errors and those dealing in them should be charged with fraud or for "fencing" stolen property 
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Pillar of the Community
Canada
2845 Posts |
Quote:
All the back door stuff from the late 1960s, early 1970s always came from the same three or four sources without exception.
Up until the early 70s the mint accepted custom orders including for example, Specimen Sets that were not offered for sale to the general public. It appears little or no records were kept in terms of mintage. I'd presume the majority were ordered by dealers for their customers. Just curious, would you consider that a type of backdoor sale as well?
Edited by wildflowerAB 01/04/2017 6:12 pm
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Pillar of the Community
 Canada
5402 Posts |
No, not the same at all . It is well known that Specimen sets were issued for distribution by Prime Minister Pierre Trudeau as gifts on his foreign state visits. Throughout the history of the RCM special Specimen Coins not generally available for sale to the public were distributed to museums , dignitaries of foreign governments and others. They were not MINT SPORT back door jobs. As an aside government mints all over the globe have done the same . As an example I recently had the opportunity to visit the Bank of England Museum in London England . On display was a 1953 Specimen Gold Sovereign and Specimen Half Sovereign. Both never issued to the public just museums. But there they are .
Edited by Pacificoin 01/04/2017 7:03 pm
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Pillar of the Community
Canada
2845 Posts |
Hm, well okay. Must be my memory, or was it PL sets that could be privately ordered from RCM in an era before sets were offered to the public. My point is it's easy to understand how the line could get crossed without there being diabolical intent at the time. This all took place prior to workplace policies, guidelines, rules and procedures. Judgement prevailed, and it wasn't always the same as we might apply today. As for wrong planchets, backdoor jobs likely not only involved gold but for some reasons, the others seem to not be critiqued. In my opinion the 60s era and the errors, backdoor or otherwise, are a fascinating saga within RCM that add a touch of colour to the history of Canadian numismatics. As we are not generally known for our outstanding vibrancy or flair, I think it's an opportunity to work with what we've got. 
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Pillar of the Community
Canada
2781 Posts |
If the mint were smart they would stop cranking out 17 million over priced colored coins every year and start a black ops department that strategically puts out "side door" mint errors...
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Bedrock of the Community
Australia
21788 Posts |
Cynical, but sometimes true, unfortunately.
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Pillar of the Community
Canada
2427 Posts |
Quote: I would not touch any of it with a ten foot pole. PCGS and others should be ashamed of themselves for perpetuating this material Back door jobs? Absolutely! However, for the right price I would snap up everyone of them without shame and be proud to have them in my collection.
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Pillar of the Community
Canada
2845 Posts |
On the related issue of Property Rights and the topic of 50 year old backdoor gold coins that likely have changed hands numerous times by now ---
Be careful for what you might wish for.
If 50+ years after the fact, a government official is legally entitled to confiscate a coin from an owner who has bought and paid a fair price for it but is deemed to never have been officially released, then next comes an agent ripping up your Land Title because your land cannot be proven to have been rightfully owned by whoever developed it a hundred or more years ago.
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Pillar of the Community
Canada
5324 Posts |
If the RCM takes action they still have to go through the court system first as in the Manitoba gold coins and get judgement, as for land titles almost any recent mortgages in Ontario, requires Title insurance to protect such miss deeds
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Pillar of the Community
Canada
2845 Posts |
Quote:If the RCM takes action they still have to go through the court system....l RCM is a Canadian Crown Corp The Govenrment of Canada passes laws, and Canadian Judges are appointed by the Govt of Canada. John while you may not consider Private Property Rights to be important, I assure you that you're in the minority. Quote:
...as in the Manitoba gold coins....
That an outstanding judgement exists is absolutely nonsense considering the number of times the coins have been bought and sold in the public realm. The fact that.nobody is able to support this rumour by any reference to any court document indicates it never happened and perpetuating it as truth is not helpful.
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Moderator
 Canada
10460 Posts |
Quote: Very unusual, a quirky twist, too bad the story behind it is unknown. Actually, the story behind these are known - but not published...
"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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Replies: 24 / Views: 4,030 |
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