Birds of a CANADIAN feather Inside: Flock to the COIN NEWS Perth Mint Volume 50 • Number 19 January 1 to 14, 2013 $3.50 Bank of Canada governor to set sail Carney to take Bank with multinational invest- ment banking firm Goldman of England helm Sachs. During his time at the Bank of Canada, he was sec- By Bret Evans onded to the Department of On. Nov. 26, the Bank of Finance from 2004 to 2007, Canada announced that as senior associate deputy Queen Elizabeth II has ap- minister. He was appointed proved the appointment of governor in 2008, passing Mark Carney as governor of over senior deputy governor the Bank of England effec- Paul Jenkins. tive July 1. Carney’s policy of low in- He will serve a five-year terest rates was considered a term. key factor to Canada’s Carney will continue to weathering of the interna- Ian Bennett, left, president of the Royal Canadian Mint board and Mark Carney, right, serve in his current position tional financial crisis that be- governor of the Bank of Canada, unveil the country’s first gold coins at the Mint’s until June 1 to ensure a gan in 2007. In 2010, Time gold refinery vault in Ottawa on Nov. 28. Produced by the Mint from 1912 to 1914 and smooth transition to the next magazine named him one of previously stored at the Bank of Canada for more than 75 years, the coins are now governor of the Bank of Can- “Fifty who will frame the available for purchase from the Mint. ada and will remain chair of way forward,” and in 2011 the Financial Stability Reader’s Digest magazine Board. named him Editor’s Choice Mint unleashes Bank of Canada Carney will succeed for Most Trusted Canadian. Mervyn King, the outgoing Carney said he was look- Bank of England governor. ing forward to the challenges gold coin holdings At the time the announce- of his new position. ment was made, King de- “I am honoured to accept By Bret Evans 75 years after becoming part of “The 1912-14 $5 and $10 Ca- scribed Carney as “a new this important and demand- he final gold coins in the the Government of Canada’s nadian gold coins are at the generation of leadership for ing role, and to succeed Sir TBank of Canada’s reserves Exchange Fund Account. The source of the Royal Canadian the Bank of England, and an Mervyn King with whom I are being put up for sale. non-Canadian gold had been Mint’s reputation as a world- outstanding choice to suc- have worked closely over The Royal Canadian Mint disposed of in the 1970s. The class refiner and producer of ceed me. Since Mark became these past five years and has been consigned what it re- Mint announced that the high- gold coins and we are delighted governor of the Bank of Can- from whom I learned so fers to as “a rare collection of est quality of these $5 and $10 that these pieces of our history ada, I have worked closely much,” he said. Canada’s first gold coins, pro- gold coins are now being of- are back in the spotlight after a with him and admired his “This is a critical time for duced by the Mint from 1912 to fered for sale to convert the nearly century-long absence,” contributions to the world of the British, European and 1914.” proceeds into quality fixed-in- said Ian Bennett, president and central banking, in which he global economies; a decisive The coins take the form of come securities. The remainder CEO of the Royal Canadian is widely respected.” period for reform of the almost a quarter-million Cana- are to be melted. Approxi- Mint. “By creating this unique Carney first joined the global financial system in- dian $5 and $10 gold coins mately 30,000 coins were re- opportunity to purchase Cana- Bank of Canada in 2003 as a cluding its leading financial tained, in the same proportion da’s first gold coins proudly with 1912, 1913 and 1914 dates. CCC1212002 BuyingEventAd_Dec3.pdfdeputy 1 03/12/12 governor. 1:39 PM He went as the Bank of Canada’s hold- displaying national emblems, They have been stored at the there after spending 13 years Continued on page 21 Bank of Canada for more than ings. Continued on page 21 Canadian Coin and Currency A new Deal of the Week launches every Monday at 9 am on Canada’s www.canadiancoinnews.caC largest coin e-commerce site M www.cdncoin.com. Every week, Canadian Coin NewsY Deal of a select item or group of items is CM offered from our extensive inventory An essential resource MY of over 15,000 coins and bank notes. for the advanced the Week Shop early. These exceptional deals CY and beginning collector A new offer every week only may not last the week! CMY while supplies last at K www.cdncoin.com Publications Registration Mail No. 09137 Agreement No. 40069699 1 20 CANADA’S 2012 ‘BIRTHSTONE’ WCDA RCNA (Life) FAX (204) 489-9118 WEB SITE: Store & Mailing Address: WORLD COIN & PAPER MONEY CATALOGS $3 PURE SILVER COINS M.C.C. ANA (Life) ATEWEST #10736 Krause World Coin Catalog 1601 - 1700 4th Edition ...................$79.95 STORE (204) 489-9112 G www.gatewestcoin.com #10737 Krause World Coin Catalog 1701 - 1800 4th Edition ...................$63.95 WITH CRYSTAL ELEMENT 1711 Corydon Ave. #10738 Krause World Coin Catalog 1801 - 1900 6th Edition ...................$69.95 For 2012, the Royal Canadian Mint has released a special coin for each OIN #10739 Krause World Coin Catalog 1901 - 2000 38th Edition .................$64.95 birthstone month of the year! Each coin has a face value of $3, and is ORDERS WITHIN CANADA C ORDERS WITHIN THE USA Winnipeg, Manitoba, #10740 Krause world Coin Catalog 2001 - Date 5th Edition ....................$41.95 struck in pure (.9999 fi ne) silver. Embedded in the centre of the coin #10741 Krause World Paper Money Catalog Volume 1 Special Issues is a crystal element representative of the birthstone for that month. TD . Canada R3N 0J9 10th Edition .....................................................................................$79.95 1-800-565-2646 L 1-888-565-2646 #10742 Krause World Paper Money Catalog Volume 2 General Issues Item # Month Birthstone Colour Associated Qualities 12th Edition (1368-1960) ................................................................$79.95 #10743 Krause World Paper Money Catalog Volume 3 1960 - Date 12963 January Garnet Constancy, Loyalty 3 2012 QUEEN'S DIAMOND 9 CANADA’S ‘GROUP OF SEVEN’ 15 CWS 17 CANADA’S CHRISTMAS 15th Edition .....................................................................................$55.95 12964 February Amethyst Sincerity, Peace JUBILEE COINS COINS GARDMASTER HOLIDAY COINS & SETS 13026 13064 21 2013 'YEAR OF THE SNAKE' COINS 12965 March Aquamarine Courage, Health (12816) 2012 'Queen's Diamond Jubilee 1952-2012' ALBUMS FOR Crystalized Proof $20 Silver Coin .9999 Fine .......................$104.95 12966 April Diamond Innocence, Love CANADIAN (12896) 2012 'Royal Cypher' $20 Pure Silver Coin .9999 Fine ............$84.95 12967 May Emerald Happiness, Fertility COINS, 13056 (12898) 2012 'Queen Elizabeth II and Prince Philip Double-Effi gy' 12968 June Alexandrite Balance, Joy $20 Pure Silver Coin .9999 Fine ............................................$84.95 CURRENCY, 13077 13078 12969 July Ruby Nobility, Beauty 13054 13055 (12979) 2012 High Relief 'Queen's Diamond Jubilee Portrait' 13026 2012 ‘Arthur Lismer - Group of Seven’ Proof $20 Silver Coin AND MINT 1oz .9999 Fine ................................................................................................... $99.95 12970 August Peridot Felicity, Protection $20 Pure Silver .9999 Fine ..................................................$129.95 Item # Description Price 13064 2012 ‘Franklin Carmichael - Group of Seven’ Proof $20 Silver Coin SETS 12971 September Sapphire Wisdom, Calmness (12981) 2012 'Queen in Canada with the RCMP' Proof $20 1oz .9999 Fine ................................................................................................... $89.95 13054 2013 'Year of the Snake' (Lunar Lotus - Scallop Shaped) Silver 1oz .9999 Fine ............................................................$89.95 These albums are specially designed and labelled for Canadian coinage. 12972 October Tourmaline Balance, Endurance Each album features PVC-free mounts on clear pages to hold your coins, $15 Pure Silver Coin .9999 Fine....................................................$98.88 (12982) 2012 'Queen's Diamond Jubilee' 50-Cent Coin (Silver Plated) .. $29.95 10 CANADA SAYS “FAREWELL with labeled years and varieties. 13080 12973 November Topaz Friendship, Strength 13079 13055 2013 'Year of the Snake' (Type #2 - Round) (12986) 2012 Queen’s Diamond Jubilee 3-Coin Pure Silver TO THE PENNY” WITH #10768 - Currency (4 pages) ...................................................... $12.95 $15 Pure Silver Coin .9999 Fine....................................................$98.88 12974 December Zircon Wisdom, Wealth Set .9999 Fine ....................................................................$274.95 #10769 - General Coins (4 pages) .............................................. $12.95 13056 2013 Gold 'Year of the Snake' Proof $150 Coin 18K ...................$688.88 12985 All 12 of the above, each in its own individual case.....$779.40 THESE SPECIAL COINS! #10770 - Mint Sets (4 pages) .................................................... $12.95 4 2012 ‘GEORGINA POPE’ PROOF #10771 - Large 1ct 1858 - 1920 ............................................... $12.95 Each coin is priced at #10772 - Small 1ct 1920 - Date ................................................ $12.95 22 COIN AND PAPER MONEY SUPPLIES $64.95 $5 PURE SILVER COIN .9999 FINE #10773 - 5ct Silver 1858 - 1921 ............................................... $12.95