The Royal Canadian Mint announced its newest addition to the “Call of the Wild” series at the World Coin Fair in Berlin, Germany. The coin featured was the 1 oz. Roaring Grizzly. This beautiful coin was issued as both a proof and a bullion coin. However, the proof coins were produced with a mintage limit of 250.
Before the Proof Roaring Grizzly coins were issued, all 250 were sold out. Not only that, by the time the coins reached distributors, 55 of the 250 apparently contained errors that were associated with the punching of the coin.
The RCM intended the proof set to hold precious metal and numismatic value, but now owners of the error coins may see increased numismatic value thanks to the mistake.
The error coins feature a slight imprint of the maple leaf security mark only intended for the bullion coins.
The absence of the security mark on the proof coins was one of the only indicators that differentiated the proofs from the bullion coins. The only other indicator is the inclusion of the engraver’s initials—PL for Pierre Leduc—on the proof set. These initials were not included on the bullion coins.
Following the error, the RCM made statements to improve quality assurance in order to prevent future mishaps.
Error coins have the potential to have increased value due to their rarity. However, not all mistakes result in massive profits. Reviewing error coin price guides can help you make informed decisions about which errors coins to buy.
To learn more about numismatic coins and how they garner value, read Bullion vs. Numismatic Coins to understand the difference between investing bullion and numismatic coins.
I have 2 grizzlys both have p l and a slight muntmark with 16 in the center of the mintmark
.they are very shiny and awesome are they the xoins in question ? Please email me jerryesters1210@gmail.com ty also would that mean i have 2 of the 250?
It is possible that you purchased one of the 250 proof coins. The proofs consist of 1 ounce of .99999 fine gold, and ship with a clamshell box.