Some Numbers on the Canada 1912-1914 Gold Coins

Last week, the Royal Canadian Mint made the exciting announcement that they would offer for sale to the public a collection of Canada’s first gold coins, consisting of $5 and $10 gold coins from 1912 to 1914. Already, more than half of the available product options are listed as “sold out” on the RCM’s website.

I wanted to take another post summarize some of the current data on the Canadian 1912-1914 $5 and $10 Gold Coins. As mentioned in the first post, this release of a hoard of long held coins is sure to have an impact on values and perceptions of rarity. It may be the case that certain issues will be more impacted than others. By summarizing current data, later comparisons can be made once the coins start to work their way into the marketplace.

As soon as the offering was announced, I requested any available breakdown of the coins offered. The only information that was available was a breakdown by classification and denomination, which does not go into the details of the number of coins for each date. This summary of the 30,000 coins offered is shown below.

  • 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)

Some observations from this summary are that there were fewer of the “premium hand selected” $5 gold coins compared to the “premium hand selected” $10 gold coins. Also, there are no “premium hand selected” 1912-dated $10 gold coins other than the 140 included within the 6-coin sets- suggesting that this issue was the least available within the hoard in higher grade.

I pulled together a current census of the certified population for each of the coins based on data available from PCGS and NGC. This data can provide a rough snapshot of the relative rarity and relative conditional rarity of the coins immediately before the additional 30,000 coins were offered to the public. These numbers of course only represent the number of coins submitted to either PCGS or NGC for grading. Additionally, the numbers are likely to include some resubmissions. These numbers are not by any means an indication of the total number of coins in the marketplace. As I mentioned, I pulled these numbers to provide some indication of relative rarity and relative conditional rarity.

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 above, prior to the RCM’s new release, 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.

The RCM’s release was heavily concentrated in $10 gold coins, suggesting that these might become less scarce relative to the other issues. The RCM released very few “premium hand selected” $5 gold coins, suggesting that these issues might end up as the most conditionally rare.

I will revisit these numbers in a few months time to see what has changed. Any readers who ordered coins are also invited to submit an article with their impressions and images of the coins once they are received. Contact me using the form on this page.

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  1. G says

    I’m in for a 1914 10$. I think since this was the year they stopped minting, that this would be the one that, after the rest are melted, ends up being the hardest to find. Just a guess- and since the 5$’s were gone before I had a crack at them, I’ll be excited for this exciting find. Most exciting coin of the year? definitely most interesting release!

  2. Louis says

    @G- By the way, I recently received the first set of the Mexican Numismatic Heritage coins, and I was very pleased. They are also displayed nicely in a special box. CoinWorld had an article a couple weeks back about this series.

  3. G says

    Louis- Which coins are in the MNH series? I couldn’t find info as to which coins were being celebrated in the first release. Is the coinworld article online?

  4. Louis says

    Thanks for your kind words, G. Interestingly, the CCAC has made a proposal for a Liberty series of circulating commems.
    I don’t know if you read Spanish, but at least you can see pics
    of the MNH coins on the Mexican Mint page. They are issuing 18K of each

  5. hw says

    A couple of notes on the Canadian coins:

    a. PCGS does not anticipate any special label for grading these coins.

    b. RCM expects orders to ship at end of January.

  6. Louis says

    hw- I thought my order was shipping at the end of Dec. as was stated when I ordered. Are all orders shipping in late Jan as far as you know or just those placed most recently?

  7. Meaghan says

    When ordering I noticed the Premium coins were shipping at end of January(28th) and the hand select were shipping end of December (28th). Might be a cause for the confusion on ship dates. This was strictly the $10 coins. Not sure on the $5 because, of course, they were sold out prior to me ordering.

  8. rbc says

    Has anybody received a hand picked $10 coin for 1913 or 1914? Have they been sent for rating and what were the general thoughts.

  9. N2AuAgPt says

    I ordered and received the “Hand Selected” 1912, 1913 and 1914 $5 and $10 coins from the RCM and am very pleased with the quality of each coin, I’ve submitted them to NGC for grading with the “Bank of Canada Hoard” label and will report back as to the overall result.

    I’m also somewhat surprised at how reasonable the RCM’s prices for the coins were, as the premium over melt value was only 25% when they were ordered. Given the history of these coins and what they represent to Canada’s history, they are an excellent value.

    Incidentally, if readers of this site aren’t aware of the history behind these coins, the RCM has summarized it well here:

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