Sunday, 10 February 2013

RCM releases Gold Coins

Collectors have unearthed the numbers that tell us what we already know ... there can't be a zillion of these things still laying around.

Most single, premium coins have been snatched up.
Premium Hand-Selected 6-Coin Set (140 sets)

Premium Hand-Selected 1912, 1913 and 1914 $5 single gold coins - (291 coins)
Premium Hand-Selected 1913 and 1914 $10 single gold coins - (4,869 coins)
Hand-Selected 1912, 1913 and 1914 $5 single gold coins - (5,050 coins)
Hand-Selected 1912, 1913 and 1914 $10 single gold coins - (18,950 coins)

Canada $5 Gold Coins
Date Mintage Certified Pop MS65 or Higher

1912 (165,860) 1,223 16
1913 (98,832) 1,060 1
1914 (31,122) 430 0

Canada $10 Gold Coins
Date Mintage Certified Pop MS65 or Higher

1912 (74,759) 479 13
1913 (149,232) 430 1
1914 (140,068) 483 1

Based on the numbers the most common issues were the 1912 and 1913 $5 gold coins. The remaining issues had roughly the same certified population. The most conditionally rare coins were the 1913 and 1914 $5 and $10 gold coins, which had only one or zero examples certified in gem grade (MS65) or higher.

Its appearing these pretty babies are flying off the shelves and won't be around for long. An excellent store of value in this gold bull's opinion. There won't be any more made obviously and the remaining coins at the Royal Canadian Mint are going to melt.
"OTTAWA - The Royal Canadian Mint is offering the public the unique chance to buy part of a rare collection of Canada's first gold coins, produced by the Mint from 1912 to 1914 and not seen since the outbreak of the First World War. The coins have been stored at the Bank of Canada for over 75 years after becoming part of the government of Canada's Exchange Fund Account.

While a small number of coins bearing the date 1912, 1913 or 1914 have remained in the hands of individual collectors, the bulk of these coins were kept out of circulation at the beginning of the First World War as the government accumulated gold reserves to help finance the war effort.
Today, the Mint is offering these historical coins in highly exclusive premium hand-selected sets of all six denominations produced from 1912 to 1914, in addition to selling single coins in premium hand-selected and hand-selected quality. Due to limited quantities, these products can only be ordered directly from the Mint at, or by calling at 1-800-267-1871 in Canada and 1-800-268-6468 in the US."

"These first gold coins struck by the Mint were Canadian in almost every aspect, from raw material to design. They were composed almost entirely of Canadian gold, much of it from the Klondike region in 1912, with the gold source shifting eastward to Ontario in 1913 and 1914. The coins featured the first symbol of Canada to ever appear on a gold coin. The design was the defacto Coat of Arms – adopted in 1868 – until Canada's official coat of arms was proclaimed by King George V in 1921. Canada's coat of arms, as it appeared in 1912 was composed of a maple bough surrounding a shield composed of the provincial symbols of the four provinces that joined Confederation in 1867 (Ontario, Québec, Nova Scotia, and New Brunswick). Ontario was represented by St. George's Cross and maple leaves; Québec by a pair of fleurs de lis accompanied by the British lion and maple leaves; Nova Scotia by salmon between Scottish thistles; and New Brunswick by the British lion and a sail-ship to represent the provinces prowess in ship building. The inscription "CANADA" was engraved above the shield, and the date "1912" and face value "FIVE DOLLARS" or "TEN DOLLARS" were engraved below the shield. The obverse featured the effigy of King George V.
In 1914, just two years after the first coins were struck, the First World War began. In the years that followed, the Mint became a hub for the Empire's gold, refining and casting gold from as far afield as South Africa on the British government's behalf. In the same year that Canadians were filling out their attestation papers, the Mint was producing the last run of the gold circulation coins that would ever be created. The gold coin program was cancelled in favour of gold bars in 1915. "