The 1 oz .9999 Gold Maple Leaf is a popular gold bullion coin produced by the Royal Canadian Mint. Here’s a breakdown of its key features and considerations:
Specifications:
- Weight: 1 troy ounce (31.104 grams)
- Purity: .9999 fine gold (24 karat)
- Face Value: $50 CAD
- Diameter: 30 mm
- Thickness: 2.8 mm
- Year Varies: These coins are often sold as “random year” products, meaning you will receive a coin from a year chosen by the seller, based on their available inventory.
Key Features:
- High Purity: The Gold Maple Leaf is renowned for its exceptional purity of .9999 fine gold, making it one of the purest bullion coins available.
- Government-Backed: The coin’s weight and purity are guaranteed by the Government of Canada, giving investors confidence in its authenticity.
- IRA Approved: Due to its high purity, the 1 oz Gold Maple Leaf is eligible for inclusion in a self-directed Precious Metals IRA.
- Security Features: Recent years of the coin have incorporated advanced security features, such as micro-engraved radial lines and a small laser-engraved maple leaf with the year of issue, to combat counterfeiting.
- Design: The reverse of the coin features a single, detailed maple leaf, while the obverse displays an effigy of the reigning Canadian monarch (Queen Elizabeth II on older coins, and King Charles III on newer ones).
Pricing and Buying/Selling:
- Premium over Spot Price: The price of a Gold Maple Leaf coin is typically based on the current market “spot price” of gold, plus a premium. The premium covers the costs of minting, distribution, and the dealer’s profit.
- Varied Pricing: The price can vary depending on the dealer, the payment method (e.g., bank wire, check, credit card), and the quantity purchased.
- Selling: When selling the coin, you can expect to receive a price slightly below the current spot price, as dealers need to make a profit on the resale. It’s advisable to compare offers from various dealers to get the best price.
