The Canadian Maple Leaf gold coin stands out from other coins of other countries being made from 24 karat pure gold. Some collectors view the Canadian Maple Leaf as the purest among purest gold bullion in existence.
Design of the Canada Gold Coin
The Canadian Maple Leaf was first produced in 1979 by the Royal Canadian Mint. The obverse side is the bust of Queen Elizabeth the II and the other side of the coin features the Canadian Maple Leaf. It was designed by Walter Ott and comes in 1/20 ounce, 1/10, ¼, ½, and 1 ounce. The Canadian Mint is also producing silver, platinum, and palladium Maple Leaf coins.
The Maple Leaf gold coin is softer compared to the Amercan Eagles and the South African Krugerrands due to its purity. The soft property of pure gold bullion has also prevented its regular use in circulation since it can easily be damaged or bent so therefore, the Maple Leaf coin is specifically designed for investors and collectors. The softness of the material is never a concern though since the coin is valued for prime collection.
Special Issues
A Maple Leaf Canada Gold Coin with a face value of one million dollars was produced in May 2007. Stanley Witten designed this coin which served as a promotional material to boost the international profile of the Royal Canadian Mint. The real worth of the gold content in the coin is over $2 million and it weighed 100 kilograms. Some investors and collectors showed interest for the 100 kilogram Canada Gold coin, the mint disclosed that it will only be on a per order basis with prices going between $2.5- $3 million. There were five persons interested in purchasing the big gold coin as of May 2007.
The Royal Canadian Mint and the International Olympic Committee has come to an agreement to produce Canada Gold Coins bearing the emblems of the Olympics of 2010 and Paralympics. The production will concentrate on the Maple leaf gold coins and the Canadian silver maple leaf coins.
The mint also produced special issues of the Gold Maple Leaf like the Hologram Set, 10th Anniversary Coin, 125th Anniversary of the Royal Canadian Mint. They also made coins featuring privy marks like for Expo Hanover, Basle Coin Fair, Viking, Liberation, Family, and Eagles.
Aside from the excellent design, the Canadian Gold Coin comes in handy for some people. Some jewelers also love collecting the Canadian Gold Coins since they are easily melted and made into their desired jewelry.
Through the years, the Canada Gold coin has gained respect as an investment where one can keep the value of his money. It is also a very good kick off to a coin collection hobby if one plans to find more gold coins from different countries.
The value of the coins is expected to increase due to the rising costs of precious metals and the maintenance of low mintages. As an investment or as collection, the Canadian Maple Leaf gold coin will definitely please the eyes and the pockets of its owner.