All About the Canadian Maple Leaf Gold Coin
All About the Canadian Maple Leaf Gold Coin
The Canadian Maple Leaf Gold Coin
Made from gold mined completely from locations in Canada, the Canadian Maple Leaf Gold Coin is composed of twenty four karrat gold. Unlike American Eagles or South African Krugerrands which are 91.67% (or 22 karat) pure gold with the remainder coming from copper or silver to form a more durable alloy, Maple Leaves are 99.99% completely pure. They are known as the most pure bullion coin that exists.
Since they are made of twenty four carat gold, Maple Leaves certainly don’t have the durability of Eagles or Krugerands. Gold of this level of purity has almost never been used as a regular currency in circulation for the simple fact that it will get damaged and worn out over time or even quickly. But even though they are officially minted legal tender coins in Canada, Maple Leaves are not circulated coins and are meant to be owned by collectors or investors. You can’t stroll into a McDonalds in Canada and order a Big Mac with a Maple Leaf coin, regardless of its legal tender status. Since Maple Leaf gold coins are primarily collector`s items and investments, perhaps the lower degree of durability is a non-issue.
Maple Leaf coins are one of the most sought-after bullion coins in many markets because they are known to be “pure” bullion. Certain people become a bit less interested when they learn that a different coin is less pure than twenty four carats. I guess certain individuals just like the thought of possessing pure bullion. And perhaps some people want the option of melting down their gold to increase liquidity in times of emergency. In addition to that, some people probably misunderstand what “impure” means in relation to coins of lower caratage, and assume that they are composed of less gold than twenty four karat coins with the same denomincation (ie. 1 ounce). But the fact of the matter s that a 1-oz. Maple Leaf and a 1-oz. Krugerrand have exactly the same amount of gold inside them. The other metals in the alloy are not included in the listed weight, only the gold portion is calculated. These are all causes of the huge popularity of the Canadian Maple Leaf Gold Coin.
One more reason that the Maple Leaf is so popular is its gorgeous imagery. The simple but memorable appearance of the maple leaf (which also appears on the Canadian flag) immediately strikes the viewer and elicits images of Canada’s majestic natural wonders and abundant natural resources. The reverse side of the coin shows a bust of Queen Elizabeth II, indicating the former status of Canada as a settlement of Britain and now a Commonwealth nation. The imagery is almost the same as the images on the Canadian 1 cent coin a coin which depicts the a maple’s leaf on the obverse and the Queen on the reverse.
The Canadian Maple Leaf Gold Coin can be bought in these denominations: 1 Troy Ounce, 1/2 troy oz, a quarter troy ounce, one tenth of a troy ounce, 1/20 Troy Oz.. A collection of Silver Maple Leaves is also available, which are pure bullion just like their gold brethren.
The Canadian Maple Gold Coin makes either a gorgeous treasure to enjoy, or an intelligent investment for the future. For those people who plant totake good care of their collections and make an effort to keep their coins in good condition, the twenty four carat Canadian Maple Leaf Gold Coin makes a great item in your collection.
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