Category Archives: Canadian Gold Coins
The Canadian Maple Leaf
The Canadian Maple Leaf that is produced by the Royal Canadian Mint is the official gold bullion for Canada and has the highest gold content purity compared to any other bullion coin at a fineness of .9999 which makes it 24 Karats and containing nothing else but gold extracted from Canadian gold mines. The coin was introduced in 1979 when there was a global boycott of the African Krugerrand due to the apartheid regime. The Maple Leaf gold coin can be purchased in a variety of denominations starting from 1/25 oz, 1/20 oz, 1/10 oz, ¼ oz, ½ oz and 1 oz with legal tender value (only in Canada) for $ 1, $ 5, $ 10, $ 20 and $ 50 respectively (the legal tender value is imprinted on these coins). They also had a coin that was minted in 1994 with a $ 2.00 face value (1/15 oz) however the issue did not do so well in the market and minting the coin was discontinued and they remain the only batch that was minted at that face value.
The Canadian Maple Leaf Gold Bullion coin was obtainable in (0.9995 fineness) platinum according to the denomination of the gold Maple Leafs since 1988 along with the (0.9999 fineness) silver maple leaf bullion with the face value of $ 5. In 2005 the (0.9995 fineness) palladium bullion was introduced with a face value of $ 50 (this bullion was subject to Canadian taxation). The biggest event that took place involving bullion and the Royal Canadian Mint was when the royal mint unveiled the Gold Maple Leaf Coin that was measured at 50 cm in diameter and 3 cm in thickness weighing at 100 Kg carrying the value of 1 million dollars. Designed by Stanley Witten, the main objective of the massive gold bullion coin was to get the Maple Leaf coins into a better market position in the international arena. The Royal Mint intended the coin to be a ‘one off’ show piece, but when they were approached by interested parties, the mint decided to manufacture them upon request and sold for between 2.5 million and 3 million dollars.
The gold maple leaf however is susceptible to bear signs of physical fatigue and this is due to the pureness of the gold makes it soft and causes it to easily get ‘dented’ when it is handled without proper care. The Canadian Gold Maple Leaf also has been minted for special occasions such as the commemoration of anniversaries and the Olympics. These bullion coins however carry a slightly bigger value than the coin precious metal content due to numismatic value. Numismatic value is another fact that gold coin collectors keep tabs on as some coins have been known to increase in value significantly due to their rarity especially those that are minted under the ‘limited edition series’ as they are quickly snapped up by gold coin collectors and from then on their value is based on ‘third part trading value’ among gold coin collectors.
Golden Coins – The Canadian Maple Leaf
The Canadian Maple Leaf that is created by the Royal Canadian Mint is the official gold bullion for Canada and has the most astounding gold substance virtue contrasted with whatever other bullion coin at a fineness of .9999 which makes it 24 Karats and containing nothing else except for gold separated from Canadian gold mines. The Canadian Maple Leaf Gold Bullion coin was presented in 1979 when there was a worldwide blacklist of the African Krugerrand because of the politically-sanctioned racial segregation administration. The Maple Leaf gold coin can be obtained in an assortment of categories beginning from 1/25 oz, 1/20 oz, 1/10 oz, ¼ oz, ½ oz and 1 oz with legitimate delicate quality (just in Canada) for $ 1, $ 5, $ 10, $ 20 and $ 50 individually (the lawful delicate worth is engraved on these coins). They additionally had a coin that was printed in 1994 with a $ 2.00 face esteem (1/15 oz) however the issue did not do as such well in the business sector and stamping the coin was stopped and they remain the main bunch that was stamped at that face esteem.
The Maple Leaf was possible in (0.9995 fineness) platinum as per the section of the gold Maple Leafs subsequent to 1988 alongside the (0.9999 fineness) silver maple leaf bullion with the face estimation of $ 5. In 2005 the (0.9995 fineness) palladium bullion was presented with a face estimation of $ 50 (this bullion was liable to Canadian tax collection). The greatest occasion that occurred including bullions and the Royal Canadian Mint was the point at which the imperial mint disclosed the Gold Maple Leaf Coin that was measured at 50 cm in breadth and 3 cm in thickness weighing at 100 Kg conveying the estimation of 1 million dollars. Planned by Stanley Witten, the fundamental goal of the monstrous gold bullion coin was to get the Maple Leaf coins into a superior business sector position in the global enclosure. The Royal Mint planned the coin to be a ‘coincidental’ show piece, however when they were drawn closer by invested individuals, the mint chose to make them upon solicitation and sold for between 2.5 million and 3 million dollars.
As far as Silver & Gold Bullion Investments go, the gold maple leaf however is powerless to hold up under indications of physical exhaustion and this is because of the immaculateness of the gold makes it delicate and effectively gets “marked” when taken care of without consideration. The Canadian Gold Maple Leaf likewise has been stamped for unique events, for example, the celebration of commemorations and the Olympics. These bullion coins however convey a somewhat greater quality than the coin valuable metal substance because of numismatic worth.