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Bank Of Canada 1912-14 Gold Coin Special RCM Release

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Redzapsid's Avatar
Canada
1571 Posts
 Posted 02/24/2013  3:15 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
Thanks for the ebay listings but I was hoping for a dealer or private sale. I have not and will not buy coins from ebay. I like to help keep coin shops and dealers in business by giving them my business. ebay tends to inflate prices of coins tremendously. And I like to look at the coin in my hand before dishing out 100s of dollars. I've got several coins that I'd like to trade for a 1912/1913 $5 which is another reason ebay is out of the question. I really do appreciate the time taken to post the listings though I'm not a fan of ebay. At all.
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swrbxxx's Avatar
Canada
834 Posts
 Posted 02/24/2013  3:20 pm  Show Profile   Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
i still cannot believe people are paying $1000 for these $5 coins.
Glad I got rid of 6/10 coins and bought some .999
i think these coins are in for a huge drop in price.
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 02/24/2013  3:48 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
Dealers and private sellers are not going to sell any of the gold coins cheaply. Nor will they trade for boreal 1/4 oz coins which are widely available and have little demand.

You could get bargains on ebay, like the 1913 $5 that is around $525. No way you are going to find one privately at that price range.
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Redzapsid's Avatar
Canada
1571 Posts
 Posted 02/24/2013  3:49 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
I think the last poster is right. That will sky rocket for a while but once the hype dies down, I think they are going to plummet. They might be worth a lot in the far future though.
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Redzapsid's Avatar
Canada
1571 Posts
 Posted 02/24/2013  3:53 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
I will get the 1912 and 1913 $5s to complete my set but I'm not going to pay over $650 a piece. Even if that means I've got to wait a few years. I'm in no hurry. Neither is my bank account. I'm not rich by any means. Plus my wife is already considering killing me for buying the coins I have.
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 02/24/2013  3:57 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
One dealer in Saskatoon is selling the 1913 $5 coin for $899.

http://www.hubcitycoins.com/1913-5-...d-coins.html

$650 is a bargain. If you wait a few years the price of gold may skyrocket and the coins could be even more expensive.
Valued Member
Canada
269 Posts
 Posted 02/24/2013  4:12 pm  Show Profile   Bookmark this reply Add wettld2 to your friends list Get a Link to this Reply
Yes, that is a pretty low price for that coin.
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Redzapsid's Avatar
Canada
1571 Posts
 Posted 02/24/2013  4:34 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
From what I've been hearing, gold is going to dip lower before it goes up any.
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Cassidy77's Avatar
Canada
541 Posts
 Posted 02/24/2013  5:40 pm  Show Profile   Bookmark this reply Add Cassidy77 to your friends list Get a Link to this Reply
I heard that the hoard ....had a passing mention in the
"Striking Impressions" book
the quote below refers to a bullion log in error to account for how these coins were missed for 100 years

below quote taken from an ebay description on a 1913 10.00 coin


Approximately 245,000 Canadian gold coins minted from 1912-1914 were uncovered in the Bank of Canada vaults where they had apparently <<<< logged in simply as bullion instead of as coinage>>>>>>. This represents greater than 37% of the original mintage of these coins. The Royal Canadian Mint had outside numismatic experts examine the coins in the Bank of Canada vaults and only 30,000 coins in total were determined to be of high enough quality to save and offer to numismatists. These coins that were offered were considered the best of the best and accounted for approximately 4.5% of the original mintages for this gold series.
Valued Member
Canada
269 Posts
 Posted 02/24/2013  5:52 pm  Show Profile   Bookmark this reply Add wettld2 to your friends list Get a Link to this Reply
That's great info... thanks CASSIDY77!
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poboxw's Avatar
Canada
1502 Posts
 Posted 02/24/2013  6:37 pm  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply
@Redzapsid:
email me or open your account on here to receive emails. I know where you can get at leas the 1912 $5 handselect for ~$650 and detailed pictures of the coin too before you commit.
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dialog_gvf's Avatar
Canada
1581 Posts
 Posted 02/24/2013  6:49 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply
I sure wish we knew how many 1914 $5 are in the to-melt bags.

Opinions: Should they announce the melt distribution?
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Hoop130's Avatar
Canada
333 Posts
 Posted 02/24/2013  6:49 pm  Show Profile   Bookmark this reply Add Hoop130 to your friends list Get a Link to this Reply
@purelywasted, thanks, give them a call.
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 02/24/2013  7:03 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply
CASSIDY77 Did that quote come from the book or is it just in an ebay auction?

This has come up before but I find it difficult to believe that there was an error in labelling these coins.
Edited by CC-Ottawa
02/24/2013 8:00 pm
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Cassidy77's Avatar
Canada
541 Posts
 Posted 02/24/2013  7:56 pm  Show Profile   Bookmark this reply Add Cassidy77 to your friends list Get a Link to this Reply
The book is STRIKING IMPRESSIONS Privately Printed, Canada, 1984. author Haxby....basically a history of the RCM

I had heard from a couple of collectors that the Gold Reserve was mentioned in the book but I havent had a chance to actually read the book and see it for myself.

The bullion error quote was taken from an american ebay seller
http://www.ebay.com/itm/18108331152...t_951wt_1397
That seller cant be reached for comment but he looks like a serious seller having already got a PCGS offering available...by the way..That PCGS label looks pretty good...I want one of those!
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