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Special PCGS Inserts Available for Historic Canadian Hoard of Gold Coins

A prominent Canadian numismatist has described the new inserts for Royal Canadian Mint hoard gold coins as impressive. The Professional Coin Grading Service, one of the most popular third-party grading services, has created a special symbolic and colorful Canadian Gold Reserve insert for the Royal Canadian Mint hoard gold coins submitted to PCGS for grading and certification.

Recently, the Royal Canadian Mint began selling 30,000 early 20th century gold coins that had been in the Bank of Canada storage vaults for decades. The 30,000 coins are a part of a hoard of 300,000 $5 and $10 denomination coins dated from 1912 to 1914, the first years of Canadian government gold coinage. The remaining 270,000 gold pieces from 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 a feature of the design on the gold coins in the hoard.

Don Willis, President of PCGS, said the sonically-sealed PCGS holders provide greater protection for the coins, and the PCGS brand guarantees authenticity, maximizes value and increase liquidity.

Sandy Campbell, owner of Proof Positives Coins in Baddeck, Nova Scotia, said PCGS really nailed it. She added it’s an impressive insert with the retro look of using the Red Ensign flag. She added it is another great example of the cool concepts PCGS comes up with and this will help with the marketing of the coins.

The rare collection being offered, Canada’s first gold coins have not been seen since the outbreak of the First World War. The coins were 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 the gold coins are now being offered in order to convert the proceeds into quality fixed-income securities and less visually appealing examples will be refined into 99.99 percent pure gold to liquidate the balance of the coin holdings.

A small number of coins bearing the date 1912, 1913, or 1914 have been held in private hands of individual collectors, the bulk of these coins have been kept out of circulation at the beginning of the First World War as the government accumulated gold reserves to help finance the war effort.

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