Volume 50 – #19

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Volume 50#19

January 1 – January 14, 2013

George and the Dragon one-ounce gold premium bullion coin, now available.

Mint unleashes Bank of Canada gold coin holdings

The final gold coins in the Bank of Canada’s reserves are being put up for sale. The Royal Canadian Mint has been consigned what it refers to as “a rare collection of Canada’s first gold coins, produced by the Mint from 1912 to 1914.” The coins take the form of almost a quarter-million Canadian $5 and $10 gold coins with 1912, 1913 and 1914 dates. They have been stored at the Bank of Canada for more than 75 years after becoming part of the Government of Canada’s Exchange Fund Account. The non-Canadian gold had been disposed of in the 1970s. The Mint announced that the highest quality of these $5 and $10 gold coins are now being offered for sale to convert the proceeds into quality fixed-income securities. The remainder are to be melted. Continue reading →

Focus on special commemoratives
Page 22
Show & Bourse
Check out the shows in your area
Page 27
CCN Marketplace
Are you buying or selling?
Page 30
Melt softens gold purge’s impact on coin series

However, for the most part, the collecting hobby agreed that there were thousands of gold coins sitting around waiting to be sold. The concern was always what would happen if these ever entered the market. Now using the Royal Canadian Mint makes sense; it is a Crown corporation, so there is no way there can be any sort of preferential treatment given to any company. What’s more, the profits, either through retained earnings or dividends, remain in the public pocket. The other thing that makes sense is that the vast majority of these coins, some 90 per cent, are going to be melted. As one collector remarked, it did feel a bit like burning books, but try to imagine the chaos that would ensue if nearly a quarter-million gold coins were poured into the Canadian market, even if it was done over a period of several months.

Continue reading →

By Bret Evans
Stanley Clute
Notes & Bills
Several rare coins struck following auction of Rome
Page 8
Peter Mosiondz, Jr.
Collecting 101
Designs on Elizabeth 25-cent coins plentiful
Page 10

Stanley Clute
Ancient Money
Frankish coinage began with Theudebert’s gold pieces
Page 11
Ted Banning
The World Of Money
Bateman’s findings changed right-of-way laws
Page 12

Tony Hine
Canadian Key Dates
Royal Mint-struck 10-cent coins not common in 1903
Page 14
Lewis E. Tauber
Numismatic Collateral
U.S. half dollars paid tribute to two Washingtons
Page 16

Carolyn Mullin
New Issues
Budgerigar flocks to Perth release
Page 20
John Regitko
Errors & Varieties
Coinage dies can strike virtually anything
Page 28

Carolyn Mullin
Numismatic Profile
Artist plays with perspective on coin designs
Page 32
Bret Evans
Ask the Experts
Polymer note got a rough ride at the printers
Page 33

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