About the Royal Canadian Mint and the Gold Maple Leaf
The Royal Canadian Mint, or RCM, is known around the world for producing some of the finest bullion products. Chief among RCM’s offering is the Gold Maple Leaf, which is not only an iconic Canadian coin, but also one that has become a crucial part of any competent collection and most precious metals investment portfolios.
With a superior gold content and historical significance that is unmatched by most other coins, the Gold Maple Leaf really is one of the most sought after coins in the world. The next few sections will discuss, in great detail, just what makes the Maple Leaf so highly sought after by investors and collectors alike.
What Makes the Gold Maple Leaf Stand Out
What makes the Canadian Maple Leaf most significant is something that occurred many decades ago. Back in the late 1970s, the only country that was producing fine gold coins on a massive scale was South Africa. The Gold Krugerrand was a popular coin at the time, but because of the horrors of Apartheid and the subsequent trade embargoes, very few people were able to get their hands on the coin. For this reason, the Royal Canadian Mint decided that, in 1979, they too would produce a gold coin. Right from the beginning, this coin became one of the most popular in the world, and it remains exactly that today.
Something that immediately caught the attention of investors was the fact that the Gold Maple Leaf had a purity that was far greater than that of its Krugerrand rival. Though the Krugerrand was composed of just over 91% pure gold, the Gold Maple Leaf was comprised of 99.9% pure gold. This higher gold content meant that the Maple Leaf was the purest gold coin on the market.
Canadian Gold Maple Leaf Design
The design of the Gold Maple Leaf is about as simple as you will come across on a modern coin. To be completely truthful, people do not go crazy over the Gold Maple Leaf because of its design per se, but rather because of what the design means.
The obverse, or front-side, of the coin features the right-facing image of Queen Elizabeth II. Though the exact depiction of Elizabeth has varied slightly over the years, she is consistently present on the coin’s obverse.
Upon the reverse side of the coin you will find the stunningly detailed image of a maple leaf. The maple leaf is the national symbol of Canada and is present on the country’s flag. The leaf on the coin is intricately designed so that even the leaf’s individual veins can be deciphered. The coin’s reverse is also where you will find the .9999 purity indication, the weight, as well as a security feature that is nothing more than a tiny maple leaf with an even smaller maple leaf inside of it. Within the center of both maple leafs, there exists a two-digit number indicating what year the coin was minted.
Canadian Gold Maple Leaf Pricing
The Canadian Gold Maple Leaf tends to be one of the more reasonably-priced gold coins on the market today. Because the Maple Leaf is regularly minted in massive quantities, investors do not really have to worry about there not being enough coins available to satisfy demand.
Of course, when it comes down to it, the price you pay for a Canadian Maple Leaf coin will vary from dealer to dealer. For this reason it is important that you do some comparison shopping and some research before settling down and making a purchase. All too often, you will encounter people who paid far too much for a coin simply because they didn’t take the time to shop around for a better price. This is one of those steps that is very easy to do, but often overlooked and ignored.
Where to Buy Canadian Gold Maple Leafs
Because Gold Maple Leafs are such a popular coin, and available in so many different sizes, there are an abundance of outlets from which you can purchase them. Whether it be your local coin shop or an online gold dealer such as APMEX, Provident Metals, SD Bullion or JM Bullion, you will find that Canadian Gold Maple Leafs are in stock more often than not.
It must be said, however, that if you are buying from a local brick and mortar dealer of precious metals, you are advised to call ahead in order to ensure that they have Gold Maple Leafs in stock. Because these coins are so popular, they are often stripped from store shelves the moment that they are in stock. This is why, in most cases, it is easier to order from an online dealer.