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Canadian Maple Leaf Gold Coin

By: Bob Ethan

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The Canadian Maple Leaf Gold Coin - Both Pleasant and a Secure Investment

Produced entirely from Canadian gold sources, the Canadian Maple Leaf Gold Coin is made of 24 karat gold. Unlike American Eagles or South African Krugerrands which are 91.67% (or 22 karat) pure gold with the remainder coming from copper or silver to form a more durable alloy, Canadian Maple Leaves are pure at a degree of 99.99%. They are known as the most pure bullion coin that exists.

Because they are produced using 24 carrat gold, Maple Leaf gold coins definitely are less strong than Eagles or Krugerands. Pure gold bullion has rarely been used as a regularly circulated currency because it can be easily worn out, damaged, or bent over time. However, despite being legal tender in Canada, Maple Leaves are not circulated coins and are meant to be owned by collectors or investors. You can't stroll into a McDonalds in Canada and order a Big Mac with a Maple Leaf coin, despite its legal tender status. Since Maple Leaf gold coins are primarily collector`s items and investments, perhaps the lower degree of durability is a non-issue.

Canadian Maple Leaf gold coins have become popular in many markets because of their status as "pure gold". Some people are disappointed or lose interest when they discover that another gold coin is less than 24 karat. I guess certain individuals just like the thought of possessing pure bullion. And perhaps some people want the option of melting down their gold to increase liquidity in times of emergency. On top of that, maybe people don't correctly understand what the word "impure" means when referring to lower karat gold coins, thinking that they contain less gold than a 24 karat coin of the same denomination. However, the fact is that a one oz. Krugerand and a one oz. Maple Leaf are composed of the exact same amount of gold. The additional metals are not counted in the weight, only the gold content is counted. In any case, these beliefs are all reasons for the disproportionate popularity of the gold Canadian Maple Leaf coin.

Another reason for the Maple Leaf's popularity is its attractive design. The simple but memorable nature of the maple leaf (the leaf that is shown on the Canadian flag) right away strikes the viewer and elicits images of Canada's stunning wilderness and wildlife as well as its valued resources. The back side of the coin features an image of the Queen, depicting Canada's history as a former British settlement and part of the Commonwealth. The coin's images are almost identical to the pictures on the Canadian 1-cent coin, aka the "penny" which illustrates the leaf of a maple tree on the front side and of course the Queen of England on the back.

The Canadian Maple Leaf Gold Coin can be bought in the following denominations: 1-Troy oz. 1/2 Troy Ounce, one quarter troy oz., 1/10 troy oz. One Twentieth troy ounce. You can also find silver versions of the Canadian Maple leaf coins, and they are 99.99% pure silver, similar to their gold cousins.

The Canadian Maple Gold Coin acts as both an enjoyable collecitble and decoration, and as a wise investment. For those who wish to take good care of their collections and make an effort to keep their coins in good condition, the 24-carrat Canadian Maple Leaf Gold Coin will fill a nice spot in your collection or portfolio.

Article Source: http://depositarticles.com/

Bob Ethan is an avid collector of an investor in gold bullion bars and coins. Learn more about gold bullion coins such as the Canadian Maple Leaf Gold Coin.

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