Canada to liquidate first gold coins

First announced in November 2012, the sale includes a plan to melt more than 200,000 gold produced by the Mint between 1912 to 1914, when Ottawa suspended the gold standard. The $10 coins sold for either $1,000 or $1,750 each, reports The Globe and Mail, depending on whether they were “premium” quality or not. The objective od the sale, which ended recently, was to improve the liquidity of the government’s assets, provide a piece of Canadian history to coin collectors and to “extract value from coin sales for the government and taxpayers,” according to last year’s statement.

Read More: www.mining.com/canada-to-liquidate-first-gold-coins-13387/

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