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 Replies: 10 / Views: 4,951 |
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Pillar of the Community
United States
6384 Posts |
Hello all,
I'm looking to add a 1912-1914 Canadian $5 and/or $10 gold piece to my small collection of world gold. It looks like the final year of issue 1914 is the better date for both denominations. I recently passed on a 1913 $5 that was certified MS62 by PCGS, thinking that the $450 price tag was too steep, plus it wasn't a 1914.
What might I expect to pay for the 1914 coins? I will consider AU up through MS62 or 63 grades and I could use some ballpark price guesstimates from our Canadian coin collectors.
Also, does anyone have an opinion about the ICCS grading service? Am I better off choosing a coin that they have graded/authenticated?
I appreciate your input!
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Pillar of the Community
Canada
1106 Posts |
Charltons lists the 1913 $5.00 in MS-62 AT $550.00.
The 1914 in AU 50 at $650.00 up to $3500.00 in MS63
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Valued Member
Canada
195 Posts |
From CCN trends:
1914 $5.00 VF-425,EF-500,AU-700,MS-60-1250,62-2000,63-4000,64-6000
$10.00 VF-500,EF-600,AU-800,MS-60-1400,62-2400,63-5000,64-7500
prices in $CDN.
In my opinion you can not go wrong with a Canadian coin certified by ICCS. At big auctions they consistantly outsell Canadian coins in the same grade from U.S. TPGs.
CCN trends shows the 1913 $5.00 in MS-62 at $650.00
Bill
Edited by bromac
04/27/2007 5:51 pm
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Pillar of the Community
 United States
6384 Posts |
Thank you Bill, that is very useful information.  The hunt goes on! If I score, I'll post the result. |
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Pillar of the Community
United States
6384 Posts |
Well, I decided not to hold out for a key-date 1914 and settled for a 1912 $5 Canadian gold piece. The seller called it uncirculated and it's at least real close to unc. I don't see any wear and there are no significant marks. Luster seems a bit subdued. A few random hairlines are visible but nothing that suggests "cleaned" to me. On close inspection I do see a slight rim irregularity at about 1:30 on the reverse; it looks like the coin was dropped on its edge. My cost was $243 (US$) which I thought was pretty reasonable. What do you all think?   |
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Pillar of the Community
United States
6384 Posts |
Gee whiz, I'm disappointed that no one had any comments about my new Canadian. Am I the only one that thinks it is a nice coin?  Here's another thought: this $5 Canadian coin is 90% gold and weighs about 8.34 grams. The standard US $5 gold coin of that era was also 90% gold and weighed about the same (8.359 grams). That tells me that Canadian and US dollars had the same value in 1912. As long as I can remember a Canadian dollar has been worth significantly less than a US dollar; the exchange rate has fluctuated from around 70¢ to 90¢. At what point did the Canadian dollar become devalued relative to the American dollar, and why? Any thoughts? |
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Pillar of the Community
Canada
965 Posts |
Edited by Topher
09/15/2007 12:49 am
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Valued Member
Canada
195 Posts |
CCN trends shows your coin with a value of $275.00 in EF,$325.00 in AU and $400.00 in MS-60 so it looks like you got a good deal.
I worked in the banking business from 1963 to 1970 and in those years the Canadian dollar was always worth more.It's at 97¢ today and many experts are predicting par or above in the near future.
Bill
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Pillar of the Community
United States
597 Posts |
quote:
Here's another thought: this $5 Canadian coin is 90% gold and weighs about 8.34 grams. The standard US $5 gold coin of that era was also 90% gold and weighed about the same (8.359 grams). That tells me that Canadian and US dollars had the same value in 1912. As long as I can remember a Canadian dollar has been worth significantly less than a US dollar; the exchange rate has fluctuated from around 70¢ to 90¢. At what point did the Canadian dollar become devalued relative to the American dollar, and why? Any thoughts?
For much of the last 100 years the Canadian Dollar has actually been worth slightly more than the US Dollar, it really was only in the late 1970's and early '80's that it declined. In the mid 1990's I remember it got down to 60¢ or so against the US$. For a long term analysis of the value of the Canadian Dollar, look here: http://eh.net/hmit/exchangerates/an...5B%5D=Canada |
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Pillar of the Community
United States
6384 Posts |
Hi Scottish, thanks for that link. I find that kind of stuff very interesting! It looks like the Canadian dollar stayed on par with the US dollar through the 1930's, then plummeted during and immediately after WWII. I guess that the Canadian economy (along with the British) experienced some pretty severe inflation as a result of the war. The rates were about 1:1 again by the 1950's. The rates from 1978 to 2005 or so match my recollection: one CAD worth on average about 76¢ US. With the falling dollar in the last two years, I see the CAD right now is almost back to par. When I'm ready for a nice, low-risk new career, there's always currency speculation.....  |
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Bedrock of the Community
Canada
10743 Posts |
Hi, Jaobler, I for one think it is a beautiful coin, I'm just sorry I hav'nt got one like it  |
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Replies: 10 / Views: 4,951 |
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Posted 04/25/2007 4:54 pm
