Coin Highlights & Specifications
Brand and Mintage: Royal Canadian Mint
Year of Issue: 2016
Condition: Brilliant Uncirculated, New
Purity: 99.99% pure gold (Precious Metals IRA eligible)
Weight: 1 Troy Ounce (Other sizes available also in 1 gram, 1/25 oz., 1/20 oz.,1/10 oz. ¼ oz., & ½ oz.)
Packaging: Choice of individual coin (in plastic flips), mint tubes in 10 count coins, or in “monster boxes” of 500 coins
Obverse: Displays year, face value, and a right-facing profile of Queen Elizabeth II
Reverse: Displays a single Canadian maple leaf with a micro-engraving of the number “16” (for security purposes) when viewed under magnification
Value & Market Prices
The market prices of the 2016 Canada 1 oz. Gold Maple Leaf (BU) coin is dependent upon the current gold market prices. As of Fall 2015, the coin had a face value of CAD$50 and other denominations are as follows: 1/25 oz. = CAD$0.50, 1/20 oz.= CAD$1, 1/10 oz.= CAD$5, ¼ oz.= CAD$10, and ½ oz.= CAD$20. According to gold market prices averaging at $1050 per troy ounce, the Gold Maple Leaf (BU) currents sells from $1112 to $1130 each, with bulk quantities of 10 selling at a 1% price reduction. Order minimum requirements, free shipping options, and insurance may be applied to the final cost, depending on the vendor.
Dealer Requirements and Buying Options
To purchase the 2016 Canada 1 oz. Gold Maple Leaf coin, make sure the dealer has the coin in stock before committing to a sale. If buying a coin locally, investigate the dealer’s professional experience in numismatics and possession of a valid license to sell coins. Checking with the local Better Business bureau for a record of complaints is also advisable. A good coin dealer has one or more memberships in coin organizations such as the Professional Numismatic Guild, the American Numismatic Association, or the Professional Coin Grading Service.
If purchasing coins online, a wider selection of choices are available to investors that are already in stock, and more payment options are available in addition to cash and credit card, such as Paypal and wire transfer, Beware of dealers with slow shipping times (>60 days), overpriced coins, and the promises of unusually high cash returns for investing in coins.