Today’s preview of the Stack’s Bowers Galleries August ANA Auction is a great scarcity from our neighbor to the north, Canada. The first federal issue of circulation gold coins for Canada began in 1912 and continued through 1914. New legislation at the time restricted the flow of gold during war, discontinuing production. These types failed to circulate so the Bank of Canada began hoarding them, with over 80% of the total mintages for all three years returned. In 2010-2011, when the market price of gold surged, they were passed to the Royal Canadian Bank, who released just 30,000 (5 and 10 Dollar issues) back to collectors. Of the three years of issue only the 1912 can be found in specimen condition, like this example.
The design features the stern visage of King George V, with legend around. The reverse design bears the then current Canadian Coat of Arms with the central shield displaying four provincial shields (clockwise from top right): Quebec, New Brunswick, Nova Scotia and Ontario. The central shield is surrounded by a wreath of maple leaves. "CANADA" appears at the top of the design with "1912" and "FIVE DOLLARS" below. This tremendous Specimen strike displays razor sharp strike details throughout the motif. Pleasing satiny luster and gorgeous peach hues enhance the eye appeal. The fields are pristine, as evidenced by the superior gem designation by PCGS.
We are currently accepting consignments of world and ancient coins as well as world paper money for our August 2018 ANA Auction, our October 2018 Collector’s Choice Online Auction, and our January 2019 New York International Auction. In addition, we are currently taking consignments of Chinese and other Asian coins and currency for our August 2018 Hong Kong Showcase Auction. Time is running short, so if you are interested in consigning your coins and paper currency (whether a whole collection or a single rarity) be sure to contact one of our consignment directors.