The Gold Canadian Maple Leaf
is the official gold bullion coin of Canada and is produced by the Royal Canadian Mint.
The Gold Canadian Maple Leaf Bullion Coin is IRA Eligible
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The Royal Canadian Mint
The Royal Canadian Mint, which produces the gold Canadian Maple Leaf bullion coin, was officially opened on January 2, 1908, with the minting of a single fifty cent piece as an extension of Britain’s Royal Mint. A few years later in the fall of 1911, the gold refinery was complete and helped supply much of Britain’s debtors with gold bars as form of payment. The Royal Canadian Mint officially changed hands in 1931, with the passage of the Heritage building on Sussex Drive, the surrounding land and the entire minting process, making it a solely Canadian operation. Today, under sole Canadian direction, the Royal Canadian Mint is a for profit corporation with sole responsibility of producing a fair return on investment for the corporations only shareholder, the Government of Canada.
The Gold Canadian Maple Leaf Bullion Coin
When the Gold Canadian Maple Leaf was first introduced, the South African Krugerrand was the only pure bullion coin available. However as a result of a boycott of apartheid South Africa, it became very difficult to buy Gold Krugerrands. Consequently, due to the demand for gold bullion coins, and lack of Gold Krugerrands for sale, in 1979 the Royal Canadian Mint produced its first gold bullion coin, the Canadian Maple Leaf. Originally struck in .999 purity for the first four years of production the Canadian Mint has continued to reinvent it refining practices. In 1983 the mint became the first to produce gold bullion coins in .9999 purity and then again set a new standard in 1999 with the minting of the world’s first .99999 fine bullion coin.
The Canadian Maple Leaf on the obverse depicts a bust of Queen Elizabeth II with the date of issue and the denomination.
The reverse depicts the legendary Canadian Maple Leaf, the nation’s symbol, the country of which it was produced, the purity and the amount of fine gold content contained.
The Canadian Maple leaf comes in a variety of sizes that include 1oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz varieties. The 1oz coins come in rolls of 10, while the rest of the denominations come individually sealed in plastic.
Because of the Canadian Mint's commitment to continual improvement in refining techniques it most often likes to refer to its Maple Leafs as the International Symbol of Purity and for such reasons have been internationally recognized since 1979.
The 1 troy oz. coin weighs 1.00 troy ounce(31.1030 grams), has a diameter of 30.00 millimeters, a thickness of 2.80 millimeters and a face value of $50 Canadian Dollars.