1914 $10 Bank Of Canada Hoard Gold Coin – NGC – MS63
USD 830.85
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USD 830.85
Out of stock
Notify me when item is back in stock.
Canada’s first Gold Coins were produced decades prior, in response to the Gold Rush in the Canadian Yukon Territory during the late 1890’s. The reason you’ve never seen them is because most were locked away for the past 75 years in cloth bags at the Bank of Canada!
Beginning in 1912, the Ottawa Mint produced $5 and $10 Gold Coins in limited quantities, at the same specifications as United States $5 and $10 Gold Coins. These are known to be the “First Exclusively Canadian Gold Coins” and until now were seldom seen in any grade.
The reason for their scarcity is at the onset of World War I in 1914, the Canadian Government recalled these coins from circulation and withheld all remaining, freshly struck stockpiles. This was done to finance the war efforts. Then, they were stored in cloth bags and remained locked away in vaults at the Bank of Canada. The few original Canadian Gold Coins that escaped the recall were always in high demand, seldom seen, and typically worn.
A National Treasure Released
On November 28, 2012 the Royal Canadian Mint (RCM) and the Bank of Canada announced they were releasing only the finest 30,000 coins from the Canadian hoard. In addition, they were going to melt the remaining 210,000 coins that displayed “imperfections from wear or environmental conditions”–thus protecting the overall scarcity of these seldom seen issues. Many of the coins sold out within the first 48 hours due to overwhelming demand.
Specifications
• Date 1913
• Denomination $10
• Composition: Gold
• Fineness 0.900
• Weight 0.4387 oz.
• Original Mintage 149,232
• Grade: MS63
• Service NGC
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