Canadian Small Gold Coins Overview
Gold coins today are available in many designs and weights, and investors have the ability to add a great deal of diversity to their portfolios using gold coins. Canadian gold coins are some of the most visually appealing gold coins on the market today, and often feature exquisite design details. Canada is known for its scenic beauty and abundance of natural resources, and many Canadian gold coins pay tribute to Canada’s natural beauty and wildlife.
Although the 1 ounce gold coin is still a favorite with investors and collectors, gold coins are now available in many smaller weights including 1/10th ounce, ¼ ounce, ½ ounce and more. Canadian gold coins of smaller weights may be relatively more affordable for smaller investors or those on a tight budget, and can also potentially allow investors and collectors to buy a greater number of different coins for diversification purposes.
Canadian small gold coins are valued for their gold content and face value. Some small gold coins may even be considered collectible, and have the potential for price appreciation due to limited mintages or their relative scarcity.
One of the most popular Canadian gold coins, the Canadian Gold Maple Leaf coin, is produced in several smaller weights. This iconic Canadian gold coin features a great symbol of Canada-the maple leaf, and also features a profile portrait of Her Majesty Queen Elizabeth II. This ever-popular gold coin is available in smaller weights including 1/20th ounce, 1/10th ounce, ¼ ounce and ½ ounce.
The Canadian Gold Maple Leaf coin is made with 999.9 percent fine gold, and carries a varying face value based on weight. (Earlier editions of the Canadian Gold Maple Leaf were made with 999 percent fine gold).
The Canadian Gold Maple Leaf is produced by the world-renowned Royal Canadian Mint. The RCM is known for producing some of the highest quality and most pure gold coins anywhere in the world. The mint not only produces coinage, but also makes bullion as well as proof coins. The mint also features a large selection of gifts and collectibles.
Because modern maple leaf coins are made with 999.9 percent fine gold, they may potentially be eligible for purchase in an IRA account. Of course, you should consult your tax professional prior to purchasing for an IRA to determine eligibility and ensure that the necessary guidelines are followed.
Small gold coins, while relatively more affordable due to their smaller gold content, may carry slightly higher premiums than comparable gold coins in the 1 ounce weight. This is due to the fact that the production costs for coins large and small are similar (minus the gold content) and larger gold coins may potentially allow investors to acquire more total gold per dollar spent.
Small Canadian gold coins can be a great choice for those looking to make regular purchases and those looking to acquire many different types of coins. They are also easy to store due to their small size, and can be stored in a home safe, a bank safe deposit box of the depository of your choice.