In November, the Royal Canadian Mint began selling King George V $5 and $10 gold coins dating from 1912 to 1914. They have already begun selling out.
The coins were originally minted in an attempt to get more of the country’s growing gold resources into circulating coinage; however, as Canada found itself entering World War I, it was decided to keep them out of circulation in order to fortify the gold reserves and finance the war effort. Because of this, only a select few of the coins ever made it into the hands of collectors a hundred years ago.
After nearly a century, the little gold pieces of Canada’s history are once again available for public purchase.
“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,” said Ian E. Bennett, President and CEO of the Royal Canadian Mint, “and we are delighted that these pieces of our history are back in the spotlight after a nearly century-long absence.
“By creating this unique opportunity to purchase Canada’s first gold coins proudly displaying national emblems, the Mint is excited to share these important artifacts with Canadians and collectors worldwide with the help of the Bank of Canada and the Department of Finance.”
The coins feature a shield that bears the Arms of the Dominion of Canada wreathed in maple leaves on the reverse. Inscriptions that include the year of issue, the face value, and “CANADA” surround the design. The obverse features the effigy of then newly crowned Sovereign King George V.
Of the 245,000 King George V $5 and $10 coins—dating 1912, 1913, and 1914—30,000 were hand-selected for sale to the public in November. Lower quality coins will be melted down in order to convert the proceeds of the bullion’s sale into quality fixed-income securities.
The coins selected for public sale are available individually or in a six coin set that includes one of each denomination from each year. Stocks of individual coins are almost sold out, but many sets still remain.
If you are interested in purchasing a part of Canada’s golden history, Certified Gold Exchange can facilitate a buy through the Royal Canadian Mint. Feel free to contact one of our friendly and knowledgeable representatives and get started on a high quality gold investment today.