Proof 1992 Canada $15
Struck on $50 Gold Planchet
NGC PF 67 Ultra Cameo
This is one of the rarest, most expensive and spectacular Canadian mint error coins known. This proof gold off-metal mint error was certified and authenticated by NGC in a multi-holder. It was struck on a $50 Gold Planchet weighing 31.1 grams that was intended for a 1 oz Maple Leaf gold coin. It is the size of a U.S. Silver American Eagle and is in superb proof cameo condition. The diameter of a regular 1 oz Maple Leaf gold coin is 30mm and it has a thickness of 2.8mm. This gold off-metal mint error expanded to a diameter of 40mm when it was struck. The accompanying coin is the normally struck coin in silver.
The International Olympic Committee decided to commemorate the centennial of the Olympic Games. In 1992 the Spirit of the Generations proof silver coin was issued by the Royal Canadian Mint and released in a special presentation box. These were struck with CITIUS ALTIUS FORTIUS on the edge.
On September 15, 2003, the Royal Canadian Mint auctioned two different special gold strikings of silver commemorative coins. These were sold on eBay and made headline news in Canada since the Royal Canadian Mint had never released special gold strikings before. CBC News and other Canadian news outlets followed the auction and reported this story in their business sections. These two gold strikings were the size of a Kennedy Half Dollar and they sold for approximately $50,000 and $75,000 (U.S. Dollars). Andy Lustig, a well respected U.S. coin dealer and specializes in coins and patterns from the U.S. and around the world, was the successful high bidder and purchased both of these gold strikings on eBay. The example that originally sold for $50,000 was featured in a recent Heritage auction and brought $108,000.00. This 1992 $15 Canadian mint error is twice the size of this recently sold special gold striking.
This proof gold off-metal rivals any U.S. mint error coin. For comparison purposes, the U.S. Mint struck two commemorative Panama Pacific Silver Half Dollars in Gold. One recently sold in a Heritage Auction for $460,000. Also, several U.S. Indian Head Cents struck in gold on $2 1/2 Dollar blanks and certified by PCGS and NGC as mint errors have sold in public auctions from approximately $275,000, $250,000, $140,000 and $100,000. This amazing gold off-metal would be the centerpiece of any collection of Canadian mint error coins or commemorative issues.
There are three Canada $15 struck on gold planchets known. To date, the highest price realized in a public auction was $22,800 in the April 2018 Heritage CCE World Coins Signature Auction - Chicago #3064 (Lot #30558).
The discovery mint error was originally certified by NGC in a single-coin holder. It was featured on the cover of Issue 35 of Mint Error News Magazine and featured in an article in Coin Week:
Gold Errors are featured in Chapter 12 of my
NLG award winning book, World's Greatest Mint Errors: