Get The Facts About Canadian Gold Coins At Gold-Coin.com
December 2, 2009 – The Royal Canadian Mint is the entity responsible for minting Canadian gold coins, and the Canadian Gold Maple Leaf has been the official gold bullion coin of Canada since 1979. Canadian gold coins produced after this year bear a design that is the brainchild of Walter Ott, and Canadian gold Maple Leafs have employed a .9999 fine gold content since 1981.
Gold Maple Leafs were originally minted using 0.999 pure gold blanks, and the Royal Canadian Mint has produced some special issue .99999 fine coins over the years. These ultra-pure coins contain virtually no base metals, but only pure yellow gold discovered within the mines of Canada.
The 1979 inception of Canadian gold coins came only eight years after US President Richard Nixon removed the United States from the Gold Standard and re-legalized gold bullion ownership for US citizens. The Maple Leaf’s only direct competition within the United States at the time was the South African Krugerrand, but the South African coinage was rather hard to come by because of the global boycott of South Africa due to apartheid.
Canadian gold coins come in one ounce, ½ ounce, ¼ ounce, 1/10 ounce, and 1/20 ounce weights, and a 1/15 ounce coin was issued in 1994 only. Canadian Maple Leaf coins are legal tender in the True North, but their face values are much more meager than their actual worth on the gold market.
The Royal Canadian Mint released a coin with a $1 million (Canadian) face value in 2007, and the coin is worth about $4.3 million (US) according to today’s gold spot price, which is found at www.Kitco.com and www.GoldPrice.net. This incredible masterpiece originated as a promotional ploy for the mint of Canada, but there have been several coins produced in response to the fact that orders have trickled in for the weighty (220.5 lbs.) rarity. While a coin such as this is certainly a spectacle, the majority of Canadian gold coins are common bullion items that could be confiscated by our government in 2010. If you want a gold coin investment that has been deemed non-confiscatable, historic American coins like the $20 Saint Gaudens may be a wiser investment. Contact Gold-Coin.com directly for more information on non-confiscatable, investment-grade gold coins.
Stewart Lawson
Senior Staff Writer - Gold-Coin.com
