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Maple Leaf Coins |
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Canadian Maple Leaf coins are produced in gold and silver varieties and are an ideal way to invest in gold or silver. |
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Gold
Maple Leafs are the official gold coin of Canada and are produced
by the
Royal Canadian Mint. They are the purest gold coin of regular issue in
the world, with a gold content of .9999 millesimal fineness (24 carats).
That
is, it contains virtually no base metals at all – only gold exclusively
from gold mines in Canada. Coins minted between 1979 and 1981 have gold
content of .999. The
coin was first introduced in 1979. At that time, the only available bullion
coin was the Krugerrand, which was not widely available because
of an economic boycott of apartheid-era South Africa. The coin is offered
in 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations and is guaranteed
to contain the stated amount (in troy ounces) of .9999
fine gold (24 karat). The coins have legal tender status in Canada, but
as is often the case with bullion coins, the face values of these coins
(C$5, C$10, C$20 and C$50) are purely symbolic and do not reflect their
true value. At current market value the coins are worth and sell for about
$89, $204, $394, and $754 USD respectively. The 1/20, 1/10, 1/4, and 1/2
troy oz coins are identical in design to the 1 troy oz coin except for
the markings on the obverse and reverse
sides that indicate the weight and face value of the coin. In 1994, 1/15
oz ($2.00 face value) gold and platinum coins were issued, possibly for
use in jewelry. They were not very successful, and so 1994 remains the
only year in which 1/15 oz gold and platinum bullion coins were produced.
Starting in 1988, Maple Leaf coins have also been struck in .9995-fine
platinum, having the same weights and face values as the gold coins. Since
1988, a one ounce .9999-fine silver Maple Leaf has also been struck, with
a face value of 5 dollars. In 2005, a .9995-fine palladium Maple Leaf
1 oz coin was introduced, with a face value of 50 dollars. |
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Canadian Maple Leaf Coins Price Guide and Search Engine |
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