Why is Americal Eagle costlier than Canadian Maple Leaf?
Considering the fact that Canadian Maple leaf is 99.9% gold and American Eagle is only 91.6% gold, I’d expect the maple leaf to be costlier.
I’m trying to find if the maple leaf is lighter than americal eagle – that is whether 1 troy oz is the gold content of the eagle and not the actual coin weight.
(I know this is the case with South African Krugerrands, but I’ve never bought american eagle)
Americal is a typo – I meant American Eagle
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- what one has more gold USA eagle coin or a Canadian maple leaf? i know one is gold eagle in 91.67 and a gold maple leaf is 99.99 but the eagle weight’s more due to copper and silver added to the coin where...
Are you comparing dollar to dollar??
American dollar = $1.00
Canadian dollar = $1.10969
So, Canadian dollar is worth more, which is whey it costs more for the American dollar.
American Eagle = Coin. Therefore, it is the weight of the coins and they weigh the same, and yes you would think that the Canadian coins would be more valuable.
"The American Eagle is uniquely the only gold bullion coin whose weight, content, and purity is guaranteed by the United States Government. Requiring no assaying, American Eagles are easily converted to cash at any time."
The simple answer is that the American coins are more popular than their Canadian counterparts, and require no assaying. This makes them much easier to sell. Therefore their value is greater.
Check the tables below, and then see the source links.
American Eagle Gold Coins
coin face* diameter thickness purity
1 Troy Oz $50.00 32.7 mm 2.87 mm .9167
1/2 Troy Oz $25.00 27.0 mm 2.15 mm .9167
1/4 Troy Oz $10.00 22.0 mm 1.78 mm .9167
1/10 Troy Oz $5.00 16.5 mm 1.26 mm .9167
Canadian Maple Leaf Gold Bullion Coins
coin face* diameter thickness purity
1 Troy Oz $50.00 30 mm 2.87 mm .9999
1/2 Troy Oz $20.00 25 mm 2.20 mm .9999
1/4 Troy Oz $10.00 20 mm 1.78 mm .9999
1/10 Troy Oz $5.00 16 mm 1.13 mm .9999
1/20 Troy Oz $1.00 14 mm 0.92 mm .9999
American Eagles don’t grow on trees.
are u talking bout leafs and birds? or coins??
They sell the Maple Leaf for cheaper in Canada. The Eagle cost more here in America because its american. The dealers expect to sell more of them, so the price is up a little bit. If you are looking to buy some, and not just asking a question. Check out buying the PAMP SUISSE BARS instead. I just sold some of both on ebay, and the majority of people buying gold, do not know that coins are worth more. Plus I had almost no time after listing the bars before there was bids on them. The coins took over 4 days to get a first bid. Its not always worth the extra money, because to most people, its all just 1 oz of gold. GOOD LUCK!
They both contain 1 oz of pure gold. The American Eagle is alloyed to make it more durable.
The price difference is due to demand. There is a greater demand for the American Eagle because it is minted in the U S and thus subject to more demand by Americans. They are both readily buyable and sellable without assaying.
The very best deal in direct ownership of gold is the exchange traded gold fund GLD. There is no mark up or mark down and it can be bought and sold at a moments notice.
There are brokerage commissions on buying and selling but these are normally less than the markup and markdown of buying the coins. There is also an annual expenses fee of the fund. It is not too great.
Another think worth considering is gold mining shares such as ABX for example.