Canadian Gold Maple Leaf Coins are among the world’s most popular, recognized, and pure gold precious metals bullion. The government of Canada also approved as well as guarantee the high quality of coins.
Canadian Gold Maple Leaf Coin is one of the world’s purest gold bullion coins, besides with a purity level of .9999 millesimal fineness and some special editions that are even purer at .99999.
It indicates that the coin exclusively comprises gold from Canadian mines, in the same way, the law requires. It also contains almost no base metals at all.
History of Canadian Gold Maple Leaf Coins
The Canadian Gold Maple Leaf bullion was first introduced to worldwide markets in 1979 in a result coin is recognized by the Canadian government as an “international symbol of purity. Furthermore,” It is the second-oldest gold bullion series. The earliest one was the South African Krugerrand.
There was a severe global shortage of pure gold bullion at the time due to unrest in South Africa related to apartheid. It gave Canada Maple Leaf Coins a “golden” chance.
The Royal Canadian Mint produced all Canadian Maple Leaf similarly to other bullion, Canadian Gold Maple Leaf Coins have a face value accepted as legal money for transactions.
The first Gold Maple Leaf coins were 24-karat gold because they had a gold purity of 999 parts per 1,000 (.999 fineness). All Gold Maple Leaf coins were upgraded to.9999 purity starting in 1982.
The Royal Canadian Mint produced.99999 gold coins for use in commerce first among national mints worldwide. Additionally, the special editions of the coins are available in.99999 purity and almost entirely free of base metals and making them the purest gold coins ever made.
By announcing the introduction of its $1 million Gold Maple Leaf coin in 2007, as a result, the Canadian government sparked controversy among investors and coin enthusiasts.
Physical Features of Canadian Gold Maple Leaf Coin
Design of The Coin
Queen Elizabeth II is shown on the coin’s front called “obverse.” The image depicts the British queen in profile while accessorized with a pearl necklace and earrings. The name ELIZABETH II spans the top boundary, with the year of issuance and face value printed below the profile. Walter Ott designed the Canadian Gold Maple Leaf Coin.
The 1990 redesign of the Canadian Gold Maple Leaf replaced the earlier depiction of a young Queen Elizabeth II with a more mature one.
One of the most known images in the bullion industry can be seen on the back, called the “reverse” side of the coin, in addition to the official Canadian national symbol, the Maple Leaf. The numerals 9999 are printed on both sides of the Leaf, and the word CANADA is written across the top of the reverse. The words FINE GOLD and the weight (1 OZ OR PUR, for instance) are displayed below.
As an additional safety measure, the Royal Canadian Mint improved the texture and intricacy of the Maple Leaf on the reverse in 2013. Under the bigger Maple Leaf, they also put a smaller, “micro-etched” version of the same Leaf.
Specifications of the Coin:
The Canadian Gold Maple Leaf Coin was previously available in seven different weight denominations, including the $1 million special issue. However, it is most regularly traded in 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, and 1/20 oz weights.
|Purity (per 1.000)||.9999||.9999||.9999||.9999||.9999|
|Face Value ($CAD)||$ 50||$ 20||$ 10||$ 5||$ 1|
The Canadian Gold Maple Leaf Coins’ .9999 fineness raises their worth, but some people have expressed concerns about any coins minted with that bit of base metal.
A pure-gold coin is prone to display handling and wear if not wrapped and sent properly because gold is an exceedingly malleable material.
Price of Canadian Gold Maple Leaf Coins
In Canada, gold Maple Leaf coins are accepted as forms of payment. Although each weight denomination’s face value indicates the coin’s transactional value, bullion coins are rarely used for transactions.
It is because a coin’s face value is frequently far less than its intrinsic or market value as a commodity. The current gold market price significantly impacts the price of a Canadian Gold Maple Leaf (GLD). The value inside a portfolio of investments is calculated using this pricing.
The value of investments in Canadian Gold Maple Leaf bullion will fluctuate daily because gold prices change daily. It is easy to track the value because most significant media publish the gold price daily.
Around the world, investors and coin collectors have bought more than 10,000,000 ounces of gold in the form of Canadian Gold Maple Leaf Coins. Each Canadian Gold Maple Leaf Coin has a specified troy-ounce weight guaranteed by the Canadian government to contain—9999 pure gold also The Royal Canadian Mounted Police uphold the Canadian Gold Maple Leaf Coin guarantee.
Many experts and specialists in the gold bullion industry believe the Canadian Gold Maple Leaf Coin is one of the best gold coin choices available in the physical gold bullion market.
The Royal Canadian Mint offers Canadian Gold Maple Leaf Coins for direct purchase. You can buy them from many notable gold bullion dealers such as Noble Gold and Birch Gold Group.
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