Investing In Canadian Gold Maple Leaf Coins

POSTED ON September 14, 2013 BY admin
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If you are searching for a good alternative to the regular gold or silver types of investments on the Canadian soil, the Canadian gold maple leaf coins could be just what you need the coins have been originally presented to all the markets of the world in 1979 by the Canadian Government; what makes them unique among other similar coins is the fact that their purity is being fully guaranteed by the Government body. The gold maple leaf coins also represent the official bullion coin of the Canadian people and they were created by Walter Ott as an alternative to the Krugerrand in South Africa. The gold that is used to create each coin finds its origins in gold mines in the country and they are being put together by the Royal Canadian Mint.

The Denominations And Legal Tender Statuses Of The Canadian Coins

The gold maple leaf coin can be used as a regular currency in Canada, which means it features legal tender value. Like with other similar coins around the world, the value of the gold contained within each coin is bigger than the actual face value of the respective coin. This means trades will occur while relying on the current price of gold, without considering the value established and assigned by the Canadian Government.

In terms of denominations for the same coins, we can mention the 1 troy ounce coin with a face value of $50 Canada, the ½ troy ounce coin with a smaller value of $20, the ¼ troy ounce coin valued at $10, the 1/10 troy ounce coin worth $5, and finally the 1/20 troy ounce coin which is the equivalent of $1.

Gold Purity Of The Golden Canadian Coins

The gold maple leaf coin is considered to be the purest gold bullion coin issued as a standard. It features a fineness of .9999 and pure 24 karat gold. There are also coins part if special editions that have a purity of.99999 gold. In other words, the coin has no additional metals in it and it is exclusively made from 24 parts of pure gold. The degree of wear and tear susceptibility is larger due to the fact the con is a lot softer as compared to other similar coins that contain other basic metals along the parts of gold. In case you decide to use such coins and take advantage of their bullion value and make the most of gold value spikes, the easy wear and tear characteristic might be disturbing to some point.

In terms of liquidity, the gold maple coin is found on markets that feature a high degree of liquidity. Where there is a high demand for gold coins and gold bullions, the Canadian coin is more than welcomed. A dealer can buy a coin at a price that is few percentages lower than the spot price for gold, selling at a price few points higher to get nice profits.

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