Planning to invest in the precious yellow metal? Nowadays, people are investing in various forms of this yellow metal. Customers are either buying gold ornaments or gold coin. However, those who are in the investment sector are investing in gold bullion bars or coins. For instance, the maple leaf gold coin can be a great investment for small-time investors.
Canadian Gold Maple Leaf
You should know that the Canadian Gold Maple Leaf (GML) is issued Canadian Government and this is known to be introduced by the Royal Canadian Mint. The GML is considered as a legal tender and comes with a face value of 50 Canadian dollars. The price might vary when it comes to these coins.
The purest bullion coin available in this world is the one which holds .99999 millesimal fineness. However, gold bullion coin is also available in standard versions. For instance, if one wants one can easily go for the minimum 1 troy ounce coins. However, other denominations of gold coins from GML are available. They are 1 gram, 1/25 oz, 1/20 oz, 1/10 oz, ¼ oz, and ½ oz.
GML’s obverse and reverse display provides the profile of Queen Elizabeth II of Canada and the Canadian Maple Leaf. New features were added to the coin. The maple leaf gold coin came with laser-micro-engraved and textured maple leaf on the reverse side of the coin. The year of issue of the coin is denoted on the center of the mark. In 2015, radial lines on the background of the coin were introduced.
Nominal Face Value
In the year 2007, the Royal Canadian Mint displayed a Gold Maple Leaf coin along with minimal face value of dollar one million and also a metal value of $3.5 million. It measured 50 cm in diameter and 3 cm thick. It has got a mass of 100 kg and comes with a purity level of 99.999%.
Dealers often complain about the production quality of maple leaf gold coin. The softness of the 24 karat gold along with the Gold Maples’ milled edge, and clean field on the observe side can easily show the handling marks. It is one of the common problems with pure gold.
Bimetallic Maple Leaf
The Royal Canadian Mint in order to commemorate their 25 years of being the industry leaders in bullion coins, have come up with a unique six-coin set. The new bimetallic maple leaf comes with a bullion finish.
Within the six maple leaf gold coin set, one got to see 1/25 oz Maple Leaf denomination. The coin includes a double date. The 1 oz coin offers a mark of commemorative privy. All coins came packed in a black leather presentation case and with a black velour insert and certificate of authenticity.
The s purity level was raised to .9999 from .999. However, for some specially issued coins, .99999 purity standards were maintained. Some special versions were available in the year 2005, 2007, 2008, 2009, 2012, 2014, 2015, and 2016.
In the year 1999, the first colored maple leaf gold coin was produced by the Royal Canadian Mint. Later on, in the year 2010, three coins of Olympic series with red paint maple leafs on the reverse was introduced. Catch more info on news related to gold coins here!