February 7, 2013 – Described by a prominent Canadian numismatist as ‘impressive,’ Professional Coin Grading Service has created a special symbolic and colorful ‘Canadian Gold Reserve’ insert for Royal Canadian Mint (RCM) hoard gold coins submitted to PCGS for grading and certification.
In one of the most exciting and significant developments in Canadian numismatics, the RCM recently began selling 30,000 early 20th century gold coins that had been in Bank of Canada storage vaults for decades. The 30,000 are from a hoard of 300,000 $5 and $10 denomination coins dated 1912, 1913 and 1914, the first years of Canadian government gold coinage. The remaining 270,000 gold pieces in the hoard have been melted.
The ‘Canadian Gold Reserve’ designation labels feature the Red Ensign, the flag of Canada at the time the coins were struck, and the shield depicted on the flag is part of the design on the gold coins in the hoard.
‘Collectors and dealers who recently purchased or plan to purchase these historic individual coins or coin sets from the Royal Canadian Mint now can send them to PCGS for grading and placement in PCGS holders with the special insert. The sonically-sealed PCGS holders provide greater protection for the coins, and the PCGS brand guarantees authenticity, maximizes value and increase liquidity,’ said Don Willis, President of PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT).
Sandy Campbell, owner of Proof Positive Coins Ltd. in Baddeck, Nova Scotia, was enthusiastic about PCGS’ new Canadian Gold Reserve labels.
‘PCGS really nailed it. It’s an impressive insert with the retro look of using the Red Ensign flag. It’s another great example of the cool concepts PCGS comes up with, and this will help with the marketing of these coins,’ said Campbell.
To obtain the Canadian Gold Reserve label, submit coins to PCGS in their original Royal Canadian Mint sealed capsules containing the RCM logo. Upon request with the submission order, the capsules will be returned to submitters. PCGS Secure service is not required, but coins must be submitted at the Standard Service level or higher. There is no additional charge for Canadian Gold Reserve designation, normal submission fees apply.
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We reported on the RCM’s offering the historical gold coins to collectors.