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For the gold bug this holiday season

November 29, 2012 in Canadian Coins, Coins, Collecting, Gold, Gold Coins, World Coins

Nov 29, 2012 4:00 PM (http://www.canadianminingjournal.com)

OTTAWA – The Royal Canadian Mint is offering the public the unique chance to buy part of a rare collection of Canada’s first gold coins, produced by the Mint from 1912 to 1914 and not seen since the outbreak of the First World War. The coins have been stored at the Bank of Canada for over 75 years after becoming part of the government of Canada’s Exchange Fund Account.

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, while less visually appealing examples will be refined into 99.99% pure gold to liquidate the balance of the coin holdings.

“The 1912-14 $5 and $10 Canadian gold coins are at the source of the Royal Canadian Mint’s reputation as a world class refiner and producer of gold coins, and we are delighted that these pieces of our history are back in the spotlight after a nearly century-long absence,” said Ian E. Bennett, president and CEO of the Royal Canadian Mint.

When it opened its doors for business in January 1908 as the Canadian branch of Britain’s Royal Mint, the Mint’s Ottawa facility was mandated to produce Canada’s circulation coinage as well as convert Canada’s growing gold resources into dollar denominated gold circulation coins. From 1912 to 1914, the Mint therefore produced $5 and $10 coins of 90% pure Canadian gold and proudly displaying national symbols.

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Due to limited quantities, these products can only be ordered directly from the Mint at Mint.ca/1912gold, or by calling at 1-800-267-1871 in Canada and 1-800-268-6468 in the US.

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