Gold Canadian Maple Leafs
The Canadian Gold Maple Leaf is the official gold bullion coin of Canada. Each coin's weight and purity is backed by the Canadian government. Produced by the Royal Canadian Mint, it is one of the purest gold regular-issue coins in the world, with a gold content of .9999 fineness (99.99% pure). The Gold Maple Leaf was introduced in 1979, to compete with the South African Krugerrand, which was the only bullion coin then on the market. The Krugerrand was not widely available in the West, due to the economic boycott of apartheid-era South Africa, so the Gold Maple Leaf met with enthusiastic demand.
Facts About the Gold Canadian Maple Leaf Coins:
The standard weight of a Canadian Gold Maple Leaf coin is 1 troy oz., but over the years, several other sizes have been produced, including 1/20 troy oz., 1/10 troy oz., 1/4 troy oz., and 1/2 troy oz.
The Canadian Gold Maple Leaf was the world's first 24K 1 oz gold bullion coin. For the first four years, it was minted in .999 fine (99.9% pure) gold, but has been minted in .9999 fine gold since November, 1982.
In 2007, the Royal Canadian Mint unveiled a 100 kg. Canadian Gold Maple Leaf composed of 99.999% (“five-nines”) pure gold. Originally intended as a promotional product, the coin was put into limited production when inquiries were received. The coins had an official face value of $1 million, but sold for between $2.5 and $3 million.
In 2013, a new anti-counterfeiting measure consisting of a laser-etched micro engraving was introduced on the Gold Maple Leaf.
|Weights / Denominations||
1 oz ($50 face value,)
1/2 oz ($25 face value,)
1/4 oz ($10 face value,)
1/10 oz ($5 face value,)
1/20 troy oz ($1 face value)
|Front / Obverse||Queen Elizabeth II with year-date and denomination. Artist: Arnold Machin (1979-1989,) Dora de Pedery-Hunt (1990-2003,) Susanna Blunt (2004 - )|
|Rear / Reverse||Maple Leaf, with weight and purity. Artist: Walter Ott.|
|Gold Bullion Content||99.99% pure (24-karat) gold|
1 troy ounce: diameter of 30 mm, thickness of 2.80 mm
1/2 troy ounce: diameter of 25 mm, thickness of 2.23 mm
1/4 troy ounce: diameter of 20 mm, thickness of 1.70 mm
1/10 troy ounce: diameter of 16 mm, thickness of 1.22 mm
1/20 troy ounce: diameter of 13.9 mm, thickness of 0.92 mm
The Royal Canadian Mint, which produces the Canadian Gold Maple Leaf coin, was officially opened on January 2, 1908, as an extension of Britain’s Royal Mint. In the fall of 1911, the gold refinery was completed. It supplied Britain with many of the gold bars used to pay the Empire's war debts from WWI. The Royal Canadian Mint officially changed hands in 1931, making it a solely Canadian operation. Today, the Royal Canadian Mint is a for-profit corporation, responsible for producing a fair return on investment for its only shareholder, the Government of Canada.
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