Thursday, November 29, 2012

Canada Mint sell their first gold coin

After has been sealed for more than 75 years in the vaults at the Bank of Canada, you will get a chance to buy Canada first gold coins. Royal Canadian Mint put the coins for sell at their website www.mint.ca and can only be ordered directly from the Mint, due to limited quantities. These $5 and $10 gold coins, mint from 1912 to 1914 stored at the Bank of Canada for over 75 years after becoming part of the Government of Canada’s Exchange Fund Account. 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 gold

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.

$5 gold coin
The reverse image centres on a shield bearing the Arms of the Dominion of Canada: Ontario, Quebec, Nova Scotia, and New Brunswick. The shield is encircled by graceful maple boughs. The inscription "CANADA" is engraved above the shield, and the date of 1912, 1913 or 1914 and the face value is engraved below the shield. The obverse features the effigy of King George V, Canada's Sovereign at the time. Both sides of the coin are framed with a raised beaded circle.

Product Specifications:
Face Value: 5 dollars
Composition: 90% pure gold, 10% copper
Weight (g): 8.36g
Diameter (mm): 21.59mm
Edge: Serrated
Certificate: Not Serialized
Artist: Obv: Sir E. B. Mackennal
Rev: W. H. J. Blackmore


$10 gold coin
The reverse image centres on a shield bearing the Arms of the Dominion of Canada: Ontario, Quebec, Nova Scotia, and New Brunswick. The shield is encircled by graceful maple boughs. The inscription "CANADA" is engraved above the shield, and the date of 1912, 1913 or 1914 and the face value is engraved below the shield. The obverse features the effigy of King George V, Canada's Sovereign at the time. Both sides of the coin are framed with a raised beaded circle.

Product Specifications:
Face Value: 10 dollars
Composition: 90% pure gold, 10% copper
Weight (g): 16.72g
Diameter (mm): 26.92mm
Edge: Serrated
Certificate: Not Serialized
Artist: Obv.: Sir E. B. Mackennal
Rev.: W. H. J. Blackmore

Source: Royal Canadian Mint