1867-1967 CANADA CENTENNIAL 7 COIN PROOF SET $20 GOLD SILVER COIN Royal Canadian

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I am not a coin grader. Please refer to ALL pictures for the necessary description, and ask for any other pictures you need before bidding. Most of the silver coins have some tarnish on them, but the gold coin looks very sharp. What you see is what you will get, nothing more and nothing less. We have 100% perfect feedback and want to make you happy! I have placed all coins into plastic flips in order to keep them in their present condition.Sovereign issued precious metal coins are drying up quickly, and this set is nearly 50 years old! When gold and silver last reached their highs a couple years ago, this set had a bullion value alone of almost $1,100.00. These will be carefully packaged and shipped Insured USPS Priority with Signature Required. Due to the volatile precious metal prices, there are NO RETURNS on this item.Product Description1967 Canada Proof set commemorating the 100th anniversary of Canadian Independence.Struck by the Royal Canadian Mint, this set was illegal to sell in the United States (gold coins being illegal to own by US citizens until 1975) so many of the proof sets were sold without the gold coin, a plated medallion was sent in its place. This tough set for sale in this auction has the REAL $20 GOLD COIN!The gold coin features a young Queen Elizabeth on the obverse with the legend "ELIZABETH II" and "D.G. REGINA", and on the reverse is the Canadian coat-of-arms with "CANADA" and "20 DOLLARS" on either side with the date above.The coin weighs 18.273 grams, and contains 0.5288 Troy oz of fine gold in a 0.900 fineness alloy.The remaining centennial proofs-Flying Goose Dollar- 80% Silver, 0.60 oz silverHowling Wolf Half Dollar- 80% Silver, 0.30 oz silverRunning Bobcat Quarter- 80% Silver, 0.15 oz silverSwimming Mackerel Dime- 80% Silver, 0.06 oz silverRacing Rabbit Nickel- NickelSoaring Dove Penny - CopperTotal of 1.11 troy oz of silver.Product DetailsAll seven Canadian coins in this coin set, ranging from the cent to the Silver dollar, exhibit the animal reverse designs of the Canadian Centennial issues. Also included is the 20 Dollar Gold piece issued the same year for the same event. This is a noteworthy collection, and not many of these sets have stayed complete over the years! These coins have some of the most beloved designs in Canadian coin history, including:Flying Goose DollarHowling Wolf Half DollarRunning Bobcat QuarterSwimming Mackerel DimeRacing Rabbit NickelSoaring Dove PennyAnd Coat of Arms $20 Gold PieceThe box with this set understandably might show signs of aging.The 1967 Canadian Centennial 7-coin Set includes one of each of the regular denomination Canadian coins, from the cent to the dollar. The set also includes a 0.900 fine gold coin with a $20 face value. It has an actual gold weight ( AGW ) of 0.5288 troy oz .The obverse of each of these coins bears the profile of a young Queen Elizabeth II, facing right. Inscribed around the rim is her name and abbreviations for her various royal titles. Except for the $20 gold piece, different animals appear on the reverse design of each coin, with the denomination around the top rim and "CANADA 1867-1967" along the bottom rim. The reverse designs and their denominations are as follows: Flying Goose Dollar, Howling Wolf Half Dollar, Running Bobcat Quarter, Swimming Mackerel Dime, Racing Rabbit Nickel, Soaring Dove Penny, and Coat of Arms $20 Gold Piece.This attractive set was produced in 1967, when owning gold coins was still illegal in the U.S. Hence, many of these sets that made their way to the States, if still intact, had a gilt medallion in place of the gold Coat of Arms $20 piece. You can buy the original set, complete with the 0.5288 oz gold coin ,Gold as an investmentFrom Wikipedia, the free encyclopedia (Redirected from Gold investment ) Reserves of SDR , forex and gold in 2006 A Good Delivery bar, the standard for trade in the major international gold markets.Of all the precious metals , gold is the most popular as an investment . [1] Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives . The gold market is subject to speculation and volatility as are other markets.Gold price [ edit ] Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Gold price history in 1960-2014 Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollarsGold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries, until recent times. Many European countries implemented gold standards in the latter part of the 19th century until these were temporarily suspended in the financial crises involving World War I . [2] After World War II , the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce . The system existed until the 1971 Nixon Shock , when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000. [ citation needed ] .Since 1919 the most common benchmark for the price of gold has been the London gold fixing , a twice-daily telephone meeting of representatives from five bullion -trading firms of the London bullion market . Furthermore, gold is traded continuously throughout the world based on the intra-day spot price , derived from over-the-counter gold-trading markets around the world ( code "XAU"). The following table sets forth the gold price versus various assets and key statistics on the basis of data taken with the frequency of five years: [3]Year Gold USD / ozt [4] DJIA USD [5] World GDPUSD (trillions) [6] US Debt USD (billions) [7] Debt per capitaUSD [8] Trade Weighted US dollar Index [9] 1970 37 839 3.3 370 1,874 1975 140 852 6.4 533 2,525 33.0 1980 590 964 11.8 908 4,013 35.7 1985 327 1,547 13.0 1,823 7,657 68.2 1990 391 2,634 22.2 3,233 12,892 73.2 1995 387 5,117 29.8 4,974 18,599 90.3 2000 273 10,787 31.9 5,662 20,001 118.6 2005 513 10,718 45.1 8,170 26,752 111.6 2010 1,410 11,578 63.2 14,025 43,792 99.9 1970 to 2010 net change, % 3,792 1,280 ... 3,691 2,237 ... 1975 (post US off gold standard) to 2010 net change, % 929 1,259 ... 2,531 1,634 ... Influencing factors [ edit ]Like most commodities, the price of gold is driven by supply and demand including demand for speculation. However unlike most other commodities, saving and disposal plays a larger role in affecting its price than its consumption . Most of the gold ever mined still exists in accessible form, such as bullion and mass-produced jewelry, with little value over its fine weight -- and is thus potentially able to come back onto the gold market for the right price. [10] [11] At the end of 2006, it was estimated that all the gold ever mined totalled 158,000 tonnes (156,000 long tons; 174,000 short tons). [12] The investor Warren Buffett has said that the total amount of gold in the world that is above-ground, could fit into a cube with sides of just 20 metres (66 ft). [13] However estimates for the amount of gold that exists today vary significantly and some have suggested the cube could be a lot smaller or larger. [ by whom? ]Given the huge quantity of gold stored above-ground compared to the annual production, the price of gold is mainly affected by changes in sentiment (demand), rather than changes in annual production (supply). [14] According to the World Gold Council , annual mine production of gold over the last few years has been close to 2,500 tonnes. [15] About 2,000 tonnes goes into jewelry or industrial/dental production, and around 500 tonnes goes to retail investors and exchange traded gold funds. [15]Central banks [ edit ]Central banks and the International Monetary Fund play an important role in the gold price. At the end of 2004 central banks and official organizations held 19 percent of all above-ground gold as official gold reserves . [16] The ten-year Washington Agreement on Gold (WAG), which dates from September 1999, limits gold sales by its members (Europe, United States, Japan, Australia, Bank for International Settlements and the International Monetary Fund) to less than 500 tonnes a year. [17] European central banks, such as the Bank of England and Swiss National Bank , were key sellers of gold over this period. [18] In 2009, this agreement was extended for a further five years, but with a smaller annual sales limit of 400 tonnes. [19]Although central banks do not generally announce gold purchases in advance, some, such as Russia, have expressed interest in growing their gold reserves again as of late 2005. [20] In early 2006, China , which only holds 1.3% of its reserves in gold, [21] announced that it was looking for ways to improve the returns on its official reserves. Some bulls hope that this signals that China might reposition more of its holdings into gold in line with other Central Banks. Chinese investors began pursuing investment in gold as an alternative to investment in the Euro after the beginning of the Eurozone crisis in 2011. It has since become the world's top gold consumer as of 2013. [22] India has recently purchased over 200 tons of gold which has led to a surge in prices. [23]It is generally accepted that the price of gold is closely related to interest rates. As interest rates rise the general tendency is for the gold price, which earns no interest, to fall, and as interest rates dip, for gold price to rise. As a result, gold price can be closely correlated to central banks via the monetary policy decisions made by them related to interest rates. For example if market signals indicate the possibility of prolonged inflation, central banks may decide to enact policies such as a hike in interest rates that could affect the price of gold in order to quell the inflation. An opposite reaction to this general principle can be seen after the European Central bank raised its interest rate on April 7, 2011 for the first time since 2008. [24] The price of gold responded with a muted response and then drove higher to hit new highs one day later. [25] A similar situation happened in India: In August 2011 when the interest rate were at their highest in two years, the gold prices peaked as well. [26]It has in fact been found that the price of gold can be influenced by a number of macroeconomic variables. [27] Such variables include the price of oil, the use of quantitative easing , currency exchange rate movements and returns on equity markets. [27]Years Amount of gold sold by IMF [28] [29] sold to 1970-1971 "as much gold as IMF bought from South Africa " 1976-1980 50 million ounces (1555 tons) 1999-2000 14 million ounces (435 tons) 2009-2010 13 million ounces (403 tons) 200 tons to India 10 tons to Sri Lanka 10 tons to Bangladesh 2 tons to Mauritius IMF still have a balance of 2,814.1 metric tons of gold Hedge against financial stress [ edit ]Gold, like all precious metals, may be used as a hedge against inflation , deflation or currency devaluation . As Joe Foster, portfolio manager of the New York-based Van Eck International Gold Fund, explained in September 2010:The currencies of all the major countries are under severe pressure because of massive government deficits . The more money that is pumped into these economies - the printing of money basically - then the less valuable the currencies become. [30]At what point can gold prices be consideredclose to fair value (on 10 October 2014) [31]USD/oz In real terms (PPI) 725 In real terms (CPI) 770 Relative to per capita incomex 800 Relative to the S&P500 900 Versus copper 1050 Versus crude oil 1400 Jewelry and industrial demand [ edit ]Jewelry consistently accounts for over two-thirds of annual gold demand. India is the largest consumer in volume terms, accounting for 27% of demand in 2009, followed by China and the USA. [32]Industrial, dental and medical uses account for around 12% of gold demand. Gold has high thermal and electrical conductivity properties, along with a high resistance to corrosion and bacterial colonization. Jewelry and industrial demand has fluctuated over the past few years due to the steady expansion in emerging markets of middle classes aspiring to Western lifestyles, offset by the financial crisis of 2007-2010 . [33]Gold jewelry recycling [ edit ]In recent years the amount of second-hand jewelry being recycled has become a multi-billion dollar industry. The term "Cash for Gold" refers to a service for people to earn cash by selling their old, broken, or mismatched gold jewelry to local and online gold buyers. There are many websites that offer these services.However, there are many companies that have been caught taking advantage of their customers, paying a fraction of what the gold or silver is really worth, leading to distrust in many companies. [34]War, invasion and national emergency [ edit ]When dollars were fully convertible into gold via the gold standard , both were regarded as money. However, most people preferred to carry around paper banknotes rather than the somewhat heavier and less divisible gold coins . If people feared their bank would fail, a bank run might result. This happened in the USA during the Great Depression of the 1930s, leading President Roosevelt to impose a national emergency and issue Executive Order 6102 outlawing the "hoarding" of gold by US citizens. There was only one prosecution under the order, and in that case the order was ruled invalid by federal judge John M. Woolsey , on the technical grounds that the order was signed by the President, not the Secretary of the Treasury as required. [35]Investment vehicles [ edit ] Bars [ edit ] 1 troy ounce (31 g) gold bar with certificateThe most traditional way of investing in gold is by buying bullion gold bars . In some countries, like Canada , Austria , Liechtenstein and Switzerland , these can easily be bought or sold at the major banks. Alternatively, there are bullion dealers that provide the same service. Bars are available in various sizes. For example in Europe, Good Delivery bars are approximately 400 troy ounces (12 kg). [36] 1 kilogram (32 ozt) are also popular, although many other weights exist, such as the 10oz, 1oz, 10 g, 100 g, 1 kg, 1 Tael , and 1 Tola .Bars generally carry lower price premiums than gold bullion coins. However larger bars carry an increased risk of forgery due to their less stringent parameters for appearance. While bullion coins can be easily weighed and measured against known values to confirm their veracity, most bars cannot, and gold buyers often have bars re- assayed . Larger bars also have a greater volume in which to create a partial forgery using a tungsten -filled cavity, which may not be revealed by an assay.Good delivery bars that are held within the London bullion market (LBMA) system each have a verifiable chain of custody, beginning with the refiner and assayer, and continuing through storage in LBMA recognized vaults. Bars within the LBMA system can be bought and sold easily. If a bar is removed from the vaults and stored outside of the chain of integrity, for example stored at home or in a private vault, it will have to be re-assayed before it can be returned to the LBMA chain. This process is described under the LBMA's "Good Delivery Rules". [37]The LBMA "traceable chain of custody" includes refiners as well as vaults. Both have to meet their strict guidelines. Bullion products from these trusted refiners are traded at face value by LBMA members without assay testing. By buying bullion from an LBMA member dealer and storing it in an LBMA recognized vault, customers avoid the need of re-assaying or the inconvenience in time and expense it would cost. [38] However this is not 100% sure, for example, Venezuela moved its gold because of the political risk for them, and as the past shows, even in countries considered as democratic and stable, for example in the USA in the 1930s gold was seized by the government and legal moving was banned. [39]Efforts to combat gold bar counterfeiting include kinebars which employ a unique holographic technology and are manufactured by the Argor-Heraeus refinery in Switzerland.Coins [ edit ]Gold coins are a common way of owning gold. Bullion coins are priced according to their fine weight , plus a small premium based on supply and demand (as opposed to numismatic gold coins which are priced mainly by supply and demand based on rarity and condition).The sizes of bullion coins range from one-tenth of an ounce to two ounces, with the one-ounce size being most popular and readily available. [40]The Krugerrand is the most widely held gold bullion coin, with 46 million troy ounces (1,400 tonnes) in circulation. Other common gold bullion coins include the Australian Gold Nugget (Kangaroo), Austrian Philharmoniker ( Philharmonic ), Austrian 100 Corona , Canadian Gold Maple Leaf , Chinese Gold Panda , Malaysian Kijang Emas , French Napoleon or Louis d'Or, Mexican Gold 50 Peso , British Sovereign , American Gold Eagle , and American Buffalo .Coins may be purchased from a variety of dealers both large and small. Fake gold coins are common and are usually made of gold-plated lead.Gold rounds [ edit ] This section does not cite any references or sources . Please help improve this section by adding citations to reliable sources . Unsourced material may be challenged and removed . (October 2014)Gold rounds look exactly like gold coins but they have no currency value. They range in similar sizes as gold coins and come in 0.05 troy ounce all the way up to 1 troy ounce. Unlike gold coins, gold rounds have no additional metals added to them for durability purposes and do not have to be made by a government mint , which allows the gold rounds to have a lower overhead price as compared to gold coins. On the other hand, gold rounds are not as collectible as gold coins. read more

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