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<p>[QUOTE="Tom B, post: 2046704, member: 11854"]I adore Canadian coinage and participated heavily in the release of the Canadian gold from the Bank of Canada. In all, I purchased 100 of the $10 gold pieces all dated 1913 or 1914 as well as a much smaller number of $5 gold pieces all also dated 1913 or 1914. On average, the quality of these coins was much higher than those previously on the market, but that makes sense since approximately 230,000 pieces were examined and the nicest 20,000 or so (spread among the two denominations and three years of issue) were sold into the market. The remaining pieces were melted.</p><p><br /></p><p>The holdings were known about for quite a while, though the specific date and denomination distribution was not known, as far as I can tell. Also, the overall quality was not generally known, either. Therefore, the price of these coins in the market was always slightly depressed since the overhanging population held it down.</p><p><br /></p><p>Of the 100 $10 gold coins, I sold 88 very quickly and kept 12 for myself as bullion, which is what I also do for US Liberty gold. Only six of the $5 coins came my way and all these I kept, too, but they would be very easy to sell. Prices varied wildly for my coins, which were all MS62 (three pieces) through MS64 (one piece) and went from $1,000 per coin to $2,600 per coin. Of course, I sold my inventory largely in the first quarter of last year when bullion was a bit higher and few folks had delivery from the RCM.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 2046704, member: 11854"]I adore Canadian coinage and participated heavily in the release of the Canadian gold from the Bank of Canada. In all, I purchased 100 of the $10 gold pieces all dated 1913 or 1914 as well as a much smaller number of $5 gold pieces all also dated 1913 or 1914. On average, the quality of these coins was much higher than those previously on the market, but that makes sense since approximately 230,000 pieces were examined and the nicest 20,000 or so (spread among the two denominations and three years of issue) were sold into the market. The remaining pieces were melted. The holdings were known about for quite a while, though the specific date and denomination distribution was not known, as far as I can tell. Also, the overall quality was not generally known, either. Therefore, the price of these coins in the market was always slightly depressed since the overhanging population held it down. Of the 100 $10 gold coins, I sold 88 very quickly and kept 12 for myself as bullion, which is what I also do for US Liberty gold. Only six of the $5 coins came my way and all these I kept, too, but they would be very easy to sell. Prices varied wildly for my coins, which were all MS62 (three pieces) through MS64 (one piece) and went from $1,000 per coin to $2,600 per coin. Of course, I sold my inventory largely in the first quarter of last year when bullion was a bit higher and few folks had delivery from the RCM.[/QUOTE]
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