Gold Maple Leaf (Canada)

Gold Maple Leaf (Canada)

The Gold Maple Leaf is produced by the Royal Canadian Mint and was first minted in 1979. In the first three years of its production, the Maple Leaf coin had a purity of 99.9% gold. However, in 1982, this purity was increased to 99.99%, and in 2007 a special, new design edition appeared with a purity of 99.999% gold.

The Gold Maple Leaf was originally minted in only 1 oz coins, but in 1982, the 1 / 4 and 1 / 10 oz coins were introduced. These coins were then followed in 1986 by the 1 / 2 ounce coin, and in 1993, the 1 / 20 oz coin was introduced. Between 1994 and 1996 there was also a 1 / 15 oz version.

Several million of these coins are now in circulation, with the lowest circulation of 143,000 units in 1996.

The value of these coins is dependent on the current Spot price of gold and currently stands at well over face value. In terms of popularity, the Maple Leaf is, globally, second only to the top-selling Krugerrand gold coins.

In addition to regularly minted versions, there was also a limited (five-piece) version produced, with a weight of 100 kg (3215 troy oz) and a nominal value of 1 million CAD. In 2008, each of these coins was worth around two million euros. One of them, currently owned by the now bankrupt AvW Invest AG, was bought on the June 25, 2010 for 3.27 million euros from the Spanish precious metal trading company, Oro Direct. Another is owned by the British Queen Elizabeth II, whilst a further two are privately owned in the Arab Emirates.

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