Last week, we offered you an unusual group of 2015 Canadian 1/4 oz Gold Polar Bear coins. Now we have another deal from the arctic north: 2014 Canadian Snow Falcons in both gold and silver!
Unbeknownst to many, the Royal Canadian Mint has issued a special line of wildlife-themed bullion coins. This series features animals from the frozen tundra like the Polar Bear, Arctic Fox, and Snow Falcon. The silver coins contain 1.5 ounces, while the gold pieces weigh in at 1/4 oz. Just like their Maple Leaf cousins, the wildlife bullion coins are struck in .9999 pure metal and guaranteed by the Canadian government.
If you’ve never seen these before, there’s an excellent reason. These special-edition bullion coins were distributed through a select few channels at a high cost. That, combined with their lower mintages, has made them hard to find. Relatively few dealers have these available for sale, but when they do, it’s usually at an elevated premium. We recently saw the 2016 1/4 oz Gold Snow Falcons quoted at 15 to 20% over melt and the silver pieces at a whopping $6 to $8 premium per ounce!
We were fortunate to find a fresh group of 2016 Snow Falcons at a steal of a price. We can’t say for sure, but it looks like these have been stashed away since they were first issued. Whereas last week’s 2015 Polar Bear deal was for just the 1/4 oz gold coins, this time we have the silver too!
The obverse displays an intricately engraved snow falcon in flight against a micro-textured background. Queen Elizabeth II is depicted on the reverse surrounded by radial lines, giving the coin exceptional flash and luster. The overall appearance is stunning; these are among the most attractive bullion coins issued by the Royal Canadian Mint in recent years.
We mentioned earlier that we got an outrageous deal on these Falcons, and we weren’t kidding. Your cost in the gold 1/4 oz pieces is just $19.99 per coin over melt; that’s just a 6.4% premium! As for the silver, we’re willing to let these go at the bargain level of $0.99 per ounce over spot. How cheap is that? Not only is that a lower premium than 1 oz silver Maples, 99c/oz is the lowest premium for any modern sovereign-minted silver coin!
Until next time, Merry Christmas and Happy Holidays!
Jake Haugen
VP Purchasing & Sales
Provident Metals
P.S. If you haven’t scooped up some of our 2015 1/4 oz Gold Polar Bears, we still have a limited quantity left at just $19.99 over melt. We’re down to our last remaining pieces and don’t know when we will get more. Get yours here!