1914 Gold Coin | Canadian $10 Bank of Canada Hoard Gold Coin - MS63

The 1914 Canadian $10 Bank of Canada Hoard Gold Coin graded by NGC is a remarkable piece of history, treasured by collectors and investors alike. Graded MS63 by NGC, this vintage gold coin stands out for its historical significance, exceptional quality, and rarity. In this article, we explore the features, grading, and investment potential of the 1914 Canadian $10 Bank of Canada Hoard Gold Coin.

Historical Background

The 1914 Gold coin - Canadian $10 Bank of Canada Gold coin is a product of the early 20th century when Canada was asserting its economic independence. Struck by the Royal Canadian Mint, this coin was part of a series minted between 1912 and 1914. The outbreak of World War I led to the cessation of gold coinage, making these coins particularly rare and historically significant.

The "Bank of Canada Hoard" refers to a remarkable find of these coins in the vaults of the Bank of Canada in the mid-20th century. These coins had been stored away, untouched for decades, preserving their condition and adding a fascinating story to their provenance.

Canada’s First Gold Coins: A Hidden Treasure Unveiled

Canada's first gold coins were produced decades ago in response to the Gold Rush in the Canadian Yukon Territory during the late 1890s. The reason you've likely never seen them is that most were locked away for the past 75 years in cloth bags at the Bank of Canada.

Beginning in 1912, the Ottawa Mint produced $5 and $10 gold coins in limited quantities, adhering to the same specifications as United States $5 and $10 gold coins. These coins, known as the "First Exclusively Canadian Gold Coins," were rarely seen in any grade until now.

Their scarcity can be attributed to the onset of World War I in 1914 when the Canadian government recalled these coins from circulation to finance the war efforts. The remaining, freshly struck stockpiles were stored in cloth bags and locked away in vaults at the Bank of Canada. The few original Canadian gold coins that escaped the recall were always in high demand, seldom seen, and typically worn.

A National Treasure Released

On November 28, 2012, the Royal Canadian Mint (RCM) and the Bank of Canada announced the release of only the finest 30,000 coins from the Canadian hoard. Additionally, they decided to melt the remaining 210,000 coins that displayed "imperfections from wear or environmental conditions," thus protecting the overall scarcity of these seldom-seen issues. Many of the released coins sold out within the first 48 hours due to overwhelming demand.

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Distinguishing Features

Obverse Design

The obverse of the 1914 Canadian $10 gold coin features the effigy of King George V, designed by British artist Sir E. B. MacKennal. The portrait captures the dignified profile of the monarch, with the inscriptions "GEORGIVS V REX IMPERATOR" encircling the image, emphasizing Canada's status within the British Empire at the time.

Reverse Design

The reverse showcases the iconic Canadian Coat of Arms, symbolizing the unity and strength of the nation. Below the coat of arms, the denomination "10 DOLLARS" and the year "1914" are inscribed. The intricate detailing of the design highlights the craftsmanship of the Royal Canadian Mint.

Composition and Specifications

The 1914 Canadian $10 gold coin is composed of 90% gold and 10% copper, weighing 16.72 grams with a diameter of 26.92 mm. This substantial gold content not only adds intrinsic value but also ensures the coin's durability and longevity.

NGC Grading and MS63

NGC Grading

The Numismatic Guaranty Corporation (NGC) is a leading coin grading service known for its rigorous and consistent standards. Coins graded by NGC are highly regarded in the numismatic community, providing assurance of their authenticity and condition.

MS63 Grade

An MS63 grade denotes a coin in Mint State condition with minimal marks or imperfections. Coins at this grade exhibit a strong strike and attractive luster, making them desirable for collectors seeking high-quality specimens. The 1914 Canadian $10 gold coin graded MS63 by NGC is a prime example of superior preservation, enhancing its collectible and investment appeal.

Investment Potential

Rarity and Historical Significance

The limited mintage of the 1914 Canadian $10 gold coin, combined with its historical context and the story of the Bank of Canada Hoard, makes it a highly sought-after item among collectors. Its rarity and provenance add significant value, making it a wise investment for those looking to diversify their portfolios with tangible assets.

Gold Content

With a substantial gold content of .900 (90%), the 1914 Canadian $10 gold coin also appeals to precious metal investors. Gold has long been considered a safe haven asset, providing stability and protection against economic uncertainties.

Conclusion

The 1914 Canadian $10 Bank of Canada Hoard Gold Coin is a vintage treasure that combines historical significance, rarity, and investment potential. Graded MS63 by NGC, this coin represents a high-quality specimen from a pivotal period in Canadian history. Whether you are a seasoned collector or a new investor, adding the 1914 Canadian $10 gold coin to your portfolio is a rewarding decision that offers both aesthetic and financial benefits.