Canadian Gold Coins Overview
Canada is a land of scenic beauty and has an abundance of natural resources. Many of Canada’s gold coins are designed to honor the nation’s rich landscape, its wildlife and its heritage. If you are looking to acquire gold coins with beautiful design work, Canadian gold coins may be an excellent choice. These gold coins come in various weights and purities and can make a great addition to any portfolio or coin collection. Some Canadian gold coins are produced in limited mintages, also giving them the potential for collectibility value.
The Royal Canadian Mint produces some of the finest gold coin products anywhere in the world. The mint struck its first coin as an arm of the British Royal Mint in 1908. In 1931, the mint was passed into Canadian hands, making it a wholly-owned Canadian institution. The mint’s beginnings coincided with growing gold production in the Yukon and British Columbia. The mint’s original refinery was completed in 1911. A new refinery would later replace the original in 1936, and that refinery is still in operation today.
The Royal Canadian Mint produces numerous bullion coins as well as circulation coinage and numismatics. The mint offers many different types of collectible coin and coin sets, and produces not only bullion coins but proof finishes as well. The mint has built a well-deserved reputation for producing products of the highest quality standards and is also recognized for the beauty of its products. Canadian gold coins may be of particular interest to collectors looking to diversify their holdings with different designs and coins of higher purity levels. With some coins containing 999.99 percent fine gold, the mint produces some of the purest gold coins anywhere in the world.
A prime example of the quality and craftsmanship that The Royal Canadian Mint has come to be known for is the Canadian Gold Maple Leaf Coin series. A 1 ounce Canadian Gold Maple Leaf features the iconic maple leaf symbol, and since 1982 has contained 1 troy ounce of 999.9 percent fine gold. In addition to the maple leaf design, these coins feature a profile portrait of Her Majesty Queen Elizabeth II. Canadian Gold Maple Leafs are also available in smaller weights. These smaller sizes include 1/10th ounce, ¼ ounce and ½ ounce. Due to their 999.9 percent fine gold content, these Canadian gold coins may be eligible for purchase in an IRA account. Of course, you should consult your tax professional before purchasing for eligibility and rules.
Another example of Canadian gold coin design work and artistry is the Canadian Gold Elk Coin. This gold coin is also produced by the Royal Canadian Mint and features the iconic elk on its reverse as well as the profile portrait of Her Majesty Queen Elizabeth II on the obverse. These coins carry a face value of $200 (CAD) and are considered good, legal tender. These coins are some of the purest anywhere in the world, with 999.99 percent fine gold.