The Canadian Gold Maple Leaf is the official bullion gold coin of Canada and is produced at the Royal Canadian Mint.
The 1 oz Canadian Gold Maple was first issued in 1979 and at the time represented the only option to the Krugerrand for a modern bullion coin. Produced in sizes ranging from 1/20 oz to 1 oz, the 1 oz size offers the most economical way to purchase this product. All Canadian Gold Maples are 24 karat with a fineness of .999 (coins minted 1979-1982) or .9999 (coins minted after November 1982).
The Canadian Gold Maple is guaranteed by the Government of Canada for their weight and purity. Gold Maples are eligible for gold IRA accounts and offer a great way to diversify wealth.
The Canadian Gold Maple Leaf coin is one of the more recognized gold coins in the world, and is backed by Canada’s Royal Canadian Mint in its weight and purity, a government agency. The Canadian Gold Maple Leafrepresents an extremely liquid and respected gold coin, preferred by many for its .9999 purity. It is easily purchased and sold the world over.
Since its introduction to world markets in 1979, the Gold Canadian Maple Leaf has been popular among investors. The coin was the first gold coin produced in .9999 fine gold. The Maple Leaf is available in five different varieties, including 1/20, 1/10, 1/4, 1/2 and 1 troy ounces.
Great Britain’s Queen Elizabeth II adorns each coin, on which the denomination and date of issue of a particular coin on the obverse side. On the reverse side of the coin the Maple Leaf – Canada’s national symbol – is beautifully presented, as well as the level of gold purity in not only English, but French as well.
The 1⁄20 [14.15mm X .79mm], 1⁄10 [16.05mm X 1.14mm], 1⁄4 [19.75mm X 1.70mm], and 1⁄2 [25.12mm X 2.24mm] troy ounce coins look just like the one-troy-ounce coin [30.00mm X 2.79mm], except for markings on the obverse and reverse sides with different weights and and face value of the coins. In 1994, 1⁄15 oz. ($2.00 face value) gold and platinum coins were minted, likely for us in jewelry. Unpopular were these coins, and 1994 remains the only years in which 1/15 oz Canadian Gold Maple Leaf coins were issued.
Since 1988 the Gold Canadian Maple Leaf has had a sister coin in the .9995-fine platinum Canadian Platinum Maple Leaf. The Platinum Maple has the same weights and face values as the Gold Maple Leafs. In 2005, a .9995-fine palladium Maple Leaf 1 oz coin was issued. The Palladium Maple Leaf has a Face Value of $50. The palladium coin is subjected to the federal Good and Services Tax in Canada.
May 3, 2007 saw the Royal Canadian Mint unveil a Gold Maple Leaf coin with a face value of $1 million, despite a gold content of more than $2 million at the time. The $1 million Gold Maple Leaf coin measures at 50cm in diameter and 3 cm thick and has a mass of 100kg. It contains a 99.999 purity. The artist is Stanley Witten. The coin is a promotional product aimed at achieving a higher international profile for the Royal Canadian Mint. The hundred-kilogram coin was used to promote the Mint’s then-new line of 99.999-percent-pure one-ounce Gold Maple Leaf bullion coins.
|Composition:||99.9% gold (24 karat) (1979-1982) 99.99% gold (24karat) (after Nov. 1982)|
|Gross Weight:||1 troy oz (31.1033 grams)|
|Actual Gold Weight:||1 troy oz (31.1033 grams)|
|IRA Eligible :||Yes|