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 Replies: 6 / Views: 1,704 |
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Pillar of the Community
Canada
586 Posts |
Hello Guys, I recently got these beauties for $1,100.00 cad each. Is it a good buy.. 1913 and 1914 Canadian $10 gold coins. Hand selected.   |
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Bedrock of the Community
Australia
21788 Posts |
I have a '14 $10, in perhaps MS64.
Almost exactly the same diameter as an Australian Halfpenny.
I first saw a Canadian $10 when I was teenager, and was fascinated by it. The Mackennal bust obverse is almost exactly the same as the Australian bronze Halfpenny, of the same date.
I just liked the idea of a gold Halfpenny, and my opportunity eventually to acquire an example, came 50 years later.
Exactly the same weight and AGW as the U.S. Eagle.
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Valued Member
Canada
291 Posts |
I'd say it was a fair price. Did they come with the RCM COA? If so they listed their issue as either "hand selected" or "premium hand selected". Both were mint but the later tended to be MS-63+. Once upon a time these were very scarce ... then in 2012, the government decided to sell off its gold reserves and there were about 250,000 of the the 1912-1914 $5s and $10 in the reserve. The top 30,000 were selected by RCM officials and sold as collectables, with the rest being melted. I'd say these are MS-60/62 based on the bag marks. Gold is soft so it marked easily and these were stored in bags for about 100 years, so some marks are expected. |
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Pillar of the Community
Canada
5324 Posts |
As mentioned due to influx of the large population, unless they are top two graded, they are basic bullion coins
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Pillar of the Community
 Canada
586 Posts |
Yup, they came in a RCM black box with a COA and a cardboard box. I love the story, but have my doubts of authenticity. How do you melt a 90% gold and 10% copper coin. Can they be separated.. I've followed the sale prices of these items over a year or so, the only ones that sell for near bullion are below Au condition. I think these are above AU condition. Plus they look great in my display. Just missing the 1914 $5 and the 1912 $10 to complete my hand select set. |
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Bedrock of the Community
Canada
21611 Posts |
The value would depend a lot on what
the coins would be graded at.
As John stated, the higher grades are
worth a premium, the lower grades
not so much.
I bought a 1914 $10.00 graded MS62
a couple of years ago for $900.00.
If it was a MS64 or 65, it would
probably have cost me in excess of $1500.00
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Valued Member
Canada
291 Posts |
MS-62 now trends at $1,100 each, so it was a fair price (but not a bargain). TheBurns - here is the official story: http://www.mint.ca/store/news/a-nat....WvW1q4gvyUk "Approximately 245,000 King George V $5 and $10 gold coins dated 1912, 1913 or 1914 are currently held in the Exchange Fund Account (EFA), controlled by the Minister of Finance. To liquidate these physical assets and convert them into high credit quality, marketable fixed income securities, 30,000 of these coins were hand-selected for sale as high-quality treasures of Canada's numismatic past. The remaining coins bearing imperfections from handling or environmental conditions will be melted and refined into pure gold by the Mint, which will convert them into a tradable, liquid asset." Yes, the RCM has a refinery that can refine raw gold into 99.99% pure. |
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Replies: 6 / Views: 1,704 |
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Posted 05/11/2018 09:12 am
