A Canada 5 Dollars (Gold) contains 0.2419 troy oz of pure gold, worth $966.75 at today's spot price.
Canada's first gold $5 coins were struck at the Ottawa branch of the Royal Mint from 1912 to 1914 in 90% gold. Production stopped when the First World War began.
Melt values use these spot prices (US dollars):
- Gold $3,996.90 per troy oz Current quote · Quote time Oct 25, 2:59 AM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Years | 1912–1914 |
|---|---|
| Face value | 5 Dollars |
| Composition | 90% gold |
| Gross weight | 8.359 g |
| Fineness | .900 (90%) |
| Pure metal | 0.2419 troy oz (7.523 g) |
How the melt value is worked out
Melt value is the pure gold in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
8.359 g × .900 fine ÷ 31.1035 g per troy oz = 0.2419 troy oz
0.2419 troy oz × $3,996.90 spot = $966.75
How to identify it
- The obverse shows King George V by Bertram Mackennal.
- The reverse, by W.H.J. Blakemore, shows the shield of the Canadian arms within a wreath of maple leaves, with CANADA above and the value and date below.
- There is no mint mark. The $10 coin of the same years has a similar design but is larger.
Melt value vs. collector value
These coins almost always sell above melt. 1914 has the lowest mintage of the three dates. Many survivors came from the Bank of Canada's holdings, which were sold to collectors in 2012–2013, and the rest of that hoard was melted.