Canada Gold 1912 $5 And $10

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.