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 Replies: 2,778 / Views: 301,284 |
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Valued Member
Canada
196 Posts |
If the ladybug coins can go up in value to $700, I dont know why these coins could not double to triple in value. I know that on charlton guide the mintage is high on some of the gold coins. However, there are going to be 200,000 + of these coins that is going to be melted. With the release of this hoard by the mint, there is greater exposure of this coins to public which would spur interest. When a 1948 dollar silver coin can be $2000, I do not see why a 1914 $5 would be less in value especially when the mintage is going to be about same or less after melting.
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Valued Member
Canada
430 Posts |
Fender: I would consider the 1913 $10 coins if you are thinking of acquiring an additional two coins. They have a lower number of coins issued in the hand-select.
Edited by Coinsplus
02/10/2013 12:05 am
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Valued Member
Canada
430 Posts |
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Valued Member
Canada
183 Posts |
So my 1915 $5 is not sitting in it's foam holder and was sliding around when I received it. While I was trying to bang it back into place, by mistake I scraped off 1 of the holograms. But now it is partially back in the foam holder, so the question is...do I break the other seal and open it in order to position it properly?
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Pillar of the Community
Canada
867 Posts |
@PrinceD11...don't break the seal at this time. also, you must have an extremely rare piece if it's dated 1915.
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Pillar of the Community
Canada
1571 Posts |
I wouldn't open it. Call the mint and complain. This is not the first time I've heard of this happening. 1915? Lol. What year is it really?
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Pillar of the Community
Canada
2984 Posts |
Quote:
So my question for all the experts here:
Would you consider these coins to be fully circulated coins that made their way back to the bank?
Or are these coins that were never circulated, only to be put in bags and jangled around quite a bit as some late night guard at the Bank of Canada got a thrill picking them up and slamming them down on the vault floor? ;)
CC Like john100 said, gold coins are soft and they could easily be damaged. Just look at the change in your pocket, most of the coins there are scuffed and scratched. And these are not even gold. The 1913 $5 coin I received look brand new if you look at it with a naked eye. You need a magnifying glass to see the defects. So it is definitely uncirculated and not returned to the bank. BTW, it is highly unlikely guards would be allowed to throw bags of gold on the floor. They would not have the combination, code, or keys to enter the vault. |
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New Member
Canada
12 Posts |
@MoneyPenney - I was being facetious about the guards slamming the bags around ;)
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Valued Member
Canada
183 Posts |
whoops...it is a 1914...and it is now partially in the foam holder, a little crooked, but not sliding around. It is a nice looking coin, so i'll post some pictures shortly!
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New Member
Canada
14 Posts |
@coinsplus - that's the direction I was leaning as well. Just looking for confirmation.
Thanks!
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Pillar of the Community
Canada
5327 Posts |
this is a little off topic, the glow in dark coin is sold out in 2 days by RCM and already rising in ebay and dealers. just hard to understand market forces, but you have to respect it as true value, the rest of the 10 dollar gold coins have not sold out for around 2 months thats market force telling you theres too many or the value is not priced right. compare these gold pieces to a 1967 20 dollar coin for value, only the highest graded set coins will carry high premiums, just my opinion though. |
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Valued Member
Canada
430 Posts |
I am not sure what the Mint is planning to do with the remainder of the unsold gold coins. Either they will continue to sell them until they sell out, they could reduce the price which would not be great, or melt them.
I think with most buyers, they want a whole set from the Mint rather than just two out of three. Of course there are collectors who bought matched year sets for both the $5 and $10 coins, some that just bought the entire $10 series, and those others who just want the odd piece for their collection.
Strangely enough, I have seen some buyers buy these coins because of conspiracy theories of not believing today's modern bullion coins have pure gold in them, telling me there could be nickel core centers.
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Pillar of the Community
 Canada
789 Posts |
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Valued Member
Canada
430 Posts |
Thanks for the video. Quite interesting. I have seen high quality counterfeit gold maple leafs held by the RCMP counterfeit display. Perhaps that is why the RCM placed extra security on newly issued billion. Anyhow, these gold coins is the real deal...although not pure, you are getting some old genuine Canada Klondike gold or Northern Ontario gold. And not tungsten, or other recycled scrap gold. |
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Pillar of the Community
United States
2408 Posts |
Quote:
When a 1948 dollar silver coin can be $2000, I do not see why a 1914 $5 would be less in value especially when the mintage is going to be about same or less after melting. There is far more demand for Canadian silver dollars in terms of their numismatic value than gold coins. So much that there are probably twice as many 1948 dollars in the hands of collectors than the official mintage was  . |
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Replies: 2,778 / Views: 301,284 |
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Posted 02/09/2013 10:20 pm
