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What's The Proper Way To Describe This 1997 $5 Gold Coin?

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United States
1 Posts
 Posted 12/22/2021  9:21 pm Show Profile   Bookmark this topic Add bwwhite2000 to your friends list Get a Link to this Message Number of Subscribers
Someone put this coin into my churches collection plate some years ago and I have been tasked with selling it. However, I don't know how to describe the condition of this coin or what terminology to use to identify it. Is "Canadian $5 gold coin 1/10 oz 1997" sufficient? Is there a special term for the fact it is sealed in plastic? Thank you in advance. I've enclosed pictures of the front and back.

Bruce
What's-The-Proper-Way-To-Describe-This-1997-$5-Gold-Coin?
What's-The-Proper-Way-To-Describe-This-1997-$5-Gold-Coin?

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Pillar of the Community
Canada
867 Posts
 Posted 12/22/2021  9:29 pm  Show Profile   Bookmark this reply Add tripoli to your friends list Get a Link to this Reply
If you live in a city with a bullion dealer or coin shop, the price is easily obtainable since it's a bullion coin.
Right now APMEX is selling them for about $254 USD, so any dealer would be offering you 6-10% less, depending on what they need for their margin.
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Canada
867 Posts
 Posted 12/22/2021  9:31 pm  Show Profile   Bookmark this reply Add tripoli to your friends list Get a Link to this Reply
I notice it has a privy mark, so that may attract a premium to the bullion value.
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kuh_85's Avatar
Canada
2366 Posts
 Posted 12/22/2021  11:52 pm  Show Profile   Bookmark this reply Add kuh_85 to your friends list Get a Link to this Reply
Gold Maple Leaf (GML). .9999 gold. Can't see the privy mark clearly in the pictures. If it shows a Dad, child & Mom holding hands then it's the 1997 Family privy mark, Specimen finish, with a mintage of 100,730. Due to the relatively high mintage there's not much of a premium for it over the regular, bullion finish GML.
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westernsky's Avatar
United States
7656 Posts
 Posted 12/23/2021  01:33 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
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commems's Avatar
United States
12352 Posts
 Posted 12/23/2021  06:48 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
The coin would best be described as "1997 Canadian Gold Maple Leaf, 1/10 ounce, Family Privy".

The last one to sell on ebay, sold for $216.50 USD - approximately $277 CAD - on November 17, 2021. Other sellers are trying to get more.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
12/23/2021 06:50 am
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United States
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