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 Replies: 51 / Views: 8,396 |
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Pillar of the Community
Canada
5324 Posts |
This is how I look at really cool errors, if they are in a public auction or ebay and there was no attempt by the RCM to ask the RCMP to seize such coin then it's okay to own, this coin is different, it has a court order saying it's the RCM's property, like all cool errors the RCM could try to seize but they would have to prove some criminal intent and during a trial might expose some embareashing lack of security. Regarding PCGS if one has one of these gold units seized, one could make a good argument over their guarantee. |
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New Member
Canada
34 Posts |
Anyway you cut it, that 1970 gold dollar is a sharp looking coin.
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Pillar of the Community
Canada
2845 Posts |
@ RidgeWest, it sure is! If RCM were to issue a 36mm silver dollar series to commemorate the original commemoratives, but no paint, no bigness, no glass, no forward or reverse of this or that but just fully gold-plated - much like the 2002 SD 50th Anniversary of QEII, that'd fall within the typical collector budget and be a big hit in my opinion.  |
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Pillar of the Community
Canada
5324 Posts |
There is also a 25 cent caribou struck on a gold planchet around the same time period sold a couple years ago in Heritage for insane amount, if RCM did a 1/2 oz. pure gold version of circulating coins a little coin series it probably sell well. |
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Moderator
 Canada
10463 Posts |
"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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Pillar of the Community
Canada
5324 Posts |
Thanks memory is bad, but still cool looking
Edited by john100
05/02/2016 09:36 am
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Moderator
Canada
10463 Posts |
In this case, someone had to smuggle an English gold sovereign into and back out of the mint... The gold 25c would be perfectly fine to own, because the RCM never owned the gold in the first place. "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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Pillar of the Community
Canada
2845 Posts |
The theft of gold and fraudulent replication of Canadian coinage are two distinct crimes, and in the case of the 1969 quarter it would appear only the later would apply. However once again PCGS has certified it, there has to be more to this story.... When a high value Canadian coin such as this is presented to PCGS for authentication, surely there'd be some form of contact by them with RCM in order to mitigate any future liability. It would seem at the point when RCM became aware of the existence, the option is open of either involving police/seizure or allowing it to become legitimized. It makes one wonder how many of these types of "irregularities" are out there but unknown to the public. |
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Pillar of the Community
Canada
5404 Posts |
Actually it was a 1906 Prussian 20 mark the 1969 25 cents was struck over. Sold in a London coin auction for 700 pounds July 1984.
Also to clarify an earlier post the 1967 Double and Triple struck and Diving Goose Dollars NEVER came through regular channels of commerce.
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Pillar of the Community
Canada
5255 Posts |
Could someone please explain to me how PCGS certification is relevant in determining if an item is legitimate? I would say that either the RCM says that it is legitimate or the legitimacy is determined by the courts. Does PCGS supply documentation from the RCM that the item is legal to own (in the opinion of the RCM)? |
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Pillar of the Community
Canada
5324 Posts |
It was my understanding that JM won his seizure case by proving that some collectors in Ontario received their double strucks at local banks as such the RCM couldn't prove an inside job, but what ever the true story the RCM had to return the seized coins and they became legit. The vast numbers, you draw your own thoughts on this variety Edited by john100
05/02/2016 11:11 am
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Pillar of the Community
Canada
5324 Posts |
PCGS guarantees that they grade a coin as what it is and they will buy it back if it's fake, etc. this Manitoba gold coin was slabbed before the seizure at auction, one would wonder if the PCGS guaranty applies on seized coins. Most collectors thinking of buying this type of coin are very discreet on showing the unit.
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Pillar of the Community
Canada
5404 Posts |
There is a huge difference between variety or variant and Contrived pieces created in a government mint. Question to all .....why is most of this " fantastic ", off metal , and wild stuff all from 1966 to 1971? Too bad we do not have a law with real teeth to get this material off of the coin market. In my not so humble and controversial opinion these pieces mentioned in this post and others have no place in the legitimate numismatic hobby. It was asked in a previous post how this stuff is found by one or two top "error" dealers who seem to have bucket loads and control this segment of the market. One answer given was ......they do not find the material it finds them. I tend to agree. Just ask yourself .......how could a gold 1970 Dollar , or a Prussian 20 mark 1969 twenty five cents just happen ?    Edited by Pacificoin
05/02/2016 11:27 am
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Pillar of the Community
Canada
2845 Posts |
Quote:Could someone please explain to me how PCGS certification is relevant in determining if an item is legitimate? I would say that either the RCM says that it is legitimate or the legitimacy is determined by the courts. Unless things were different decades ago, RCM does not have legal authority to mint whatever it chooses. It is governed by the Royal Canadian Mint Act and a govt committee referred to as Order In Council that determines the denomination, metal, size, etc of each and every coin that RCM is authorized to mint. So unless there was authorization for RCM to mint gold 1970 SDs or 1969 25c, the coins could easily be proved to be fraudulent in a court of law, if they so chose. For such a well established TPG as PCGS to slab ANY high value "one of a kind" coin without seeking proof of legitimacy would seem very unusual, given their guarantee of authenticity. Edited by wildflowerAB
05/02/2016 11:44 am
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Pillar of the Community
Canada
5324 Posts |
I agree to a certain point, the Manitoba gold has a court order against it, all the RCM has to do is exert their power on this type of coin, problem is sometime they do and most of the time they don't just look at their careless attitude over counterfeit NCLT or their bullion coins. There are a lot of legit and some semi-legit errors out there, as you collect in this field, just enjoy as long as I didn't order the error. Sometimes you find that some of the coolest errors comes from senior vps of the RCM, there is always rumours that the 36dot penny was a creation for one collector yet it's one of Canada's most important numismatic piece. |
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Replies: 51 / Views: 8,396 |
First Page
Posted 05/01/2016 4:12 pm
