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Buying Canadian Gold Maple Leafs
Investing in the Canadian Gold Maple Leaf
Although the Canadian Gold Maple Leaf is the official bullion gold coin of Canada, this coin enjoys a lot of international demand too. These coins were first minted in the year 1979 and ever since they have been viewed as a good investment for those who want to increase their portfolio’s exposure to bullion. Today, with several online exchanges trading in the Canadian Gold Maple Leafs, it has become an easy task for investors to buy or sell these gold coins.
Track Record
The Canadian Gold Maple Leaf is considered one of the best bullion investments because of the consistent growth in value it has shown since its introduction. Looking at a five year period ending 2010, the Canadian Gold Maple Leaf has shown a significant improvement in value by about $1000. The coins enjoy worldwide demand and this makes it easy for an investor to readily find a buyer or seller for his Maple Leafs.
Gold Quality
The Canadian Gold Maple Leafs are the purest form of gold you can buy when it comes to coinage. These coins are minted from 99.99% gold, unlike the American Eagle which contains 91.6% gold and other metals in an alloy form. It is important to note that the Canadian Gold Maple Leaf contains no base metals at all. The 24 karat gold used to forge these coins comes from the best mines in Canada. This unmatched purity makes this coin most easy to trade in the international market.
Various Sizes
The Canadian Gold Maple Leaf is available in different sizes to make them affordable for investors with different portfolio sizes. The smallest is the 1/20th ounce with a face value of $1 and the largest is the one ounce coin with a face value of $50. You will also find 1/10th ounce ($5 face value), 1/4th ounce ($10 face value) and the1/2 ounce ($20 face value) coins for purchase. One ounce coins are sold in tubes of 10 which makes it easy to count and store them safely. Safe storage and proper handling is very important when you purchase Canadian Gold Maple Leafs because these highly pure coins are more malleable than other coinage like the American Eagle. The Maple Leafs can easily scratch or be damaged in other ways if handled roughly or stored with other sharp jewellery or precious items.
While minor scratches and marks may not affect the value of the coin, severe damage will definitely reduce its intrinsic worth. If you want to get the best possible returns from your investment in gold then make sure that you have your Canadian Gold Maple Leaf stored in damage proof packing in a safe place. Fractional coins come packed in between layers of Mylar, which is prone to damage in a short time.
The Canadian Royal Mint also produces a 100kg Canadian Gold Maple Leaf that has a face value of $1 million. This coin was originally designed as a promotional exhibit but as requests poured in from some interested buyers, the Mint decided to fulfill the orders received. This massive gold coin is believed to have an intrinsic value that exceeds $3 million.
One Ounce Coins- The Best Choice
One ounce coins of the Canadian Gold Maple Leaf are the most popular among investors because of the lower premiums charged on these during sale. Storing these safely is also easier as they come packed in tubes unlike the fractional value coins. There is also less chance of the one ounce packs being damaged in transit when you are having them delivered to or from the opposite party when trading with them.
Although these coins are purchased only for investment, they can still be used as legal currency within the country. However, the gold value of these far exceeds the face value. An interesting point to note is that these coins are categorised as ‘non circulating coins’ under the Mint Act although the Currency Act recognizes them as legal currency.
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