Canadian Maple Leaf Gold Coin Price
Canadian Maple Leaf coins are the official bullion coins minted by the Royal Canadian Mint. Their 24 karat purity, immaculate quality and design make them one of the most popular buys for investors and collectors alike. Maple Leaf gold coin price tracks the value of coins’ physical gold content and their prices fluctuate according to the market price of gold on a certain day.
The Canadian maple leaf gold coin is proudly embellished with a gorgeous National symbol of Canada, Maple Leaf, on one side and a profile portrait of Queen Elizabeth II on the reverse side. There are also special editions that are available and popular with coin collectors on the worldwide market. The actual gold content these coins offer is 1.0 troy ounce or 31.103 grams. The coins are manufactured with a face value of $1, $5, $10, $20 or $50. The Canadian Maple Leaf gold bullion is available in several convenient sizes, namely one twentieth, one tenth, quarter, half and a full ounce of pure Canadian gold.
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Canadian Gold Maple Leaf Coins
It is interesting to note that the Canadian maple leaf gold coin was originally minted at 999 purity, but in 1982 the Royal Canadian Mint changed the classification to .9999 pure gold with relatively no base metals. With this classification change each Canadian maple leaf gold bullion coin can be used as legal tender and this status allows Canadian gold bullion coins to be used as debt settlement tools.
The Maple leaf gold coin prices exploded during the credit and financial crisis in 2008. That was the year that the Royal Canadian Mint reported a major increase in Canadian gold coins value to its customers. This leap in sales represented a cumulative 617,400 ounce from previous sales statistics. Canadian government officials reported that their Winnipeg mint was capable of handling this jump and with this increase the sales of these Canadian gold coins remained constant during 2009.
If you would like to know how much a Gold Maple Leaf coin is worth today, you need to make a simple calculation and multiply the actual coin’s gold weight by the current spot price of gold. Gold Maple Leaf’s are minted in several sizes ranging from small 1/20 of an ounce coins to standard and most popular 1 oz. size. In addition, you need to keep in mind that gold Maple Leaf price also includes not only the gold content value but costs associated with mintage, distribution of the coins and dealer mark ups. Knowing how to calculate coins’ approximate values will allow you to compare several online bullion dealers and find the lowest Maple Leaf gold coin price online.
Even though the Maple leaf gold coin price remains high, there are flaws in the coins themselves. Collectors have reported that the lack of hardening metals make these .9999 gold coins are extremely soft. Excessive handling will create imperfections and pitting in the coins. This may not seem to be a big problem, but collectors dislike these imperfections which may drastically reduce the Maple leaf gold coin price on the market.
Maple Leaf Gold coin price trading value varies according to the brokerage house used, but prices should be tracked according to the current spot price of gold plus a small brokerage premium. For example, as of Jan 16th, 2014 Maple Leaf Gold coin price was offered as low as $37.99 over the spot price of gold by APMEX, a leading online bullion retailer. Prices can change daily and it is recommended that you call your local brokerage house for the most current figures.