Bank of Canada Hoard Gold Coins

Although Canada began producing gold coins in 1908, these were British sovereigns so weren't technically Canadian.

The first Canadian gold coins were issued between 1912-1914 with $5 and $10 denominations.

Unfortunately, due to the outbreak of WWI, the production of gold coins was dropped, in favour of gold bars. Furthermore, the government's decision to hold on to its gold reserves meant that many of these coins never reached circulation and were left in the Bank of Canada's vaults.

Over time, these $10 and $5 coins were mostly forgotten about. One researcher, James Haxby, identified the possible whereabouts of the coins but very few people were even aware of them.

When Canada decided to sell off its reserves, the 1912-1914 coins were the only ones left. In 2012 the Bank of Canada and the Royal Canadian Mint released 30,000 of the $10 and $5 coins which sold out instantly. The remaining 200,000 were melted.

Obverse

The obverse features Edgar Bertram Mackennal's portrait of King George V.

GEORGIVS V DEI GRA: REX ET IND:IMP:

Reverse

The reverse features the Canadian coats of arms which are surrounded by 2 maple leaf branches. It was designed by W.H.J. Blakemore.

The shield is split into 4 parts containing the coats of arms of the 4 Canadian provinces of Ontario, Quebec, New Brunswick and Nova Scotia.

CANADA
1913
TEN DOLLARS

Specification

Metal	Gold
Gold Weight Troy Ounces	0.484
Fineness / Carat	0.900 / 21.6
Date	1913
Obverse Designer	Edgar Bertram MacKennal
Reverse Designer	W.H.J. Blakemore
Issuing Monarch	George V (1910-1936)
Mint / Brand	Ottawa Mint
Country	Canada

Terms of Sale - Key Points

You can find more information on payment and identification requirements.

Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.

Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.

All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.

If your product is not a graded coin and is considered a bullion item, it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes; therefore, some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.

Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.

View our full Terms & Conditions.

Delivery Information

We aim to dispatch orders within 48 hours of receiving cleared funds. Our standard delivery methods are as follows.

Orders over £60 - Fully Insured Delivery.

Within the UK and BFPO - Next day fully insured and tracked. Delivery starts from £6.

Orders under £60

Within the UK and BFPO - Royal Mail 2nd Class. Your order will normally arrive within 2-3 working days. Delivery starts from £3.50.

If you wish to have your order sent by an alternative method (e.g., Saturday Guaranteed) please contact +441253343081 for more information. Please note, we will not dispatch high value orders over a bank holiday weekend.

For international delivery, please check with your local customs office for more information on custom duty and taxes.

Full delivery information can be found by clicking here.

Postal Insurance

We offer fully insured delivery on all special delivery options. We do need to pass on the cost of this insurance as it soon adds up shipping high value gold and silver products.

Orders under £1500 there is no additional fee.
Orders over £1500 we charge a fee in order to cover the increasing costs of insurance. For every £1500 we apply a £1 fee.

If you require any assistance, please do not hesitate to call the showroom on +441253343081 and one of our team can discuss your purchase.

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