Canadian Gold Maple Leaf Coins
The Canadian maple leaf gold coin is one of the most sought-after gold bullion coins in the world. The coin’s beautiful, yet simple design makes it a favorite among investors and collectors alike. The coin is issued on an annual basis by the Government of Canada and is produced by the Royal Canadian Mint. The coin has a fineness of .9999 and in some cases a fineness of .99999, making it one of the purest gold coins in the world. The maple leaf coin has several weights available with varying face values.
The design of the Canadian Maple leaf gold coin is what makes it so popular. The obverse of the coin features the profile of Her Majesty Queen Elizabeth II. The reverse of the coin features the Canadian maple leaf. The coin has been minted since 1979, making it one of the longest-serving official bullion coins worldwide.
The maple leaf featured on the coin’s reverse is what makes it special. The maple leaf is a symbol of Canada, a land known for its beautiful terrain and prolific natural setting. The design of the maple leaf is the work of master engraver Walter Ott. The maple leaf still reigns as the unofficial emblem of Canada to this day.
Known today for its purity and details, the maple leaf coin was not always as pure as it is today. When the coin was first minted in 1979, its purity was just .999. It was not until four years later, in 1983, that the mint raised the bar and lifted the coin’s purity to .9999. Still not done, the Royal Canadian Mint lifted the coin’s purity again in 2007 to .99999. The coin today is the premier product of the Royal Canadian Mint and is highly sought-after in Canada, The U.S., and elsewhere.
Unique Qualities Of Canadian Maple Leaf Gold Coins
The Canadian Maple Leaf gold coin has some unique features that make it attractive to investors and collectors. To start, it is Canada’s most iconic gold coin. The maple leaf is synonymous with Canada-just like the Krugerrand to South Africa and the eagle to the U.S. The maple leaf has an advantage over these other coins, however. It was the first gold bullion coin issued in pure gold. When first minted in 1979, the maple leaf was the only gold bullion coin issued in .999 purity. That’s 24 carats compared to the 22 carats of other gold bullion coins at that time. The coin’s purity made it an instant hit among coin collectors and investors.
Today, the Canadian Maple Leaf gold coin is the purest in the world. In 1998, the Royal Canadian Mint introduced the first “ five nines” gold Maple Leaf coin of .99999 purity.
Canadian Maple Leaf Gold Coin Denominations
The Canadian Maple Leaf gold coin has been minted in many different weights from smaller to larger. These smaller weights make the coin more affordable to smaller investors and make it easier for more people to obtain the coins without having to shell out the price for a full ounce of gold. The table below lists the weights available for maple leaf coins, and also includes their corresponding face values:
- One ounce-$50 (CAD) face value
- ½ ounce-$25 (CAD) face value
- ¼ ounce- $10 (CAD) face value
- 1/10 ounce-$5 (CAD) face value
Some other weights have been minted throughout the coin’s 40-year history such as the 3,215-ounce “big maple” carrying a $1 million (CAD) face value. The coins listed above are the most popular and commonly found denominations.
Best Places To Buy Canadian Maple Leaf Gold Coins Online
The Canadian Maple Leaf gold coin is very popular and is thus carried by nearly every online precious metals dealer. Online dealers typically offer not only lower prices compared to physical coin or bullion shops, but may also feature wider product selections and convenient buyback programs. To get started, we recommend you check out the four dealers listed below:
JM Bullion is a leader in the precious metals industry and has been in business for over a decade. This dealer has a large selection of Canadian Maple Leaf coins and offers them in multiple weights and styles. JMB also features a convenient buyback program should you ever decide to sell your metals back and also features free shipping on orders greater than $199. JMB has thousands of positive customer reviews posted online, so you can easily check them out and make sure you are comfortable doing business with them before placing an order.
Provident Metals is another well-known metals dealer. This dealer has a very wide variety of Canadian Maple Leaf gold coins for sale and sells the coin in all of its various weights. Like JMB, Provident also offers free shipping on orders greater than $199 and features flat-rate shipping for orders below that threshold. As a popular online dealer, Provident also has many online reviews you can check out before buying so you can place your order with complete confidence.
BGASC is a smaller dealer that offers great value. This site features a solid selection of Canadian Maple Leaf gold coins to choose from. They focus on shipping out orders quickly, usually the day after cleared payment is received. This puts your gold in your hands quicker. They also feature a simple and convenient buyback program should you ever decide to sell your metals back. BGASC is also a highly reviewed online dealer so you can buy with confidence.
Where To Sell Canadian Gold Maple Leaf Coins
There may come a time when you decide to sell your maple leaf or other bullion coins. If so, no problem, selling them has never been easier. The majority of online dealers have a buyback program. These programs outline how you can sell your coins back to the dealer in a few convenient steps. Check out the dealer’s website, and look for a tab called “buyback” or “Sell to us.” Click the tab and it should provide simple instructions on how to sell your metals to the dealer. Dealers will provide payment to you via check or electronic payment once they have received and inspected the coins or metals. You can also take them to a local coin dealer in your area.
Canadian Maple Leaf Gold Coin Values
The value of Canadian Maple Leaf gold coins can vary a bit based on mintage year, condition, and other factors. Older maple leaf coins in excellent condition may be valued higher than similar coins of more recent mintages. While there may be some difference in coin values based on minting year and other factors, the value of Canadian Maple Leaf gold coins is determined almost entirely by their gold content. These are bullion coins, and thus do not typically carry much, if any, collectibility premium.
Canadian Maple Leaf Gold Coin FAQs
Are Maple Leaf coins collectible? Are they considered to be numismatic coins?
The Maple Leaf coin is a bullion coin, deriving the majority of its value from the gold content within it. That being said, there are some mintage years and some coins that may have more value than others based on minting year, condition, or other factors. A special release Maple Leaf coin may outvalue a traditionally minted coin, for example.
Are Canadian Maple Leaf gold coins good, legal tender?
Issued by the Government of Canada, the Canadian Maple Leaf gold coin does carry a face value and is considered good, legal tender.
Are Canadian Maple Leaf gold coins only available in Canada?
Canadian Maple leaf gold coins are produced by the Royal Canadian Mint and issued each year by the Government of Canada. They are available for sale to members of any nation, however, and are a favorite among investors in the U.S. and elsewhere.