The Maple Leaf gold coin, minted in Canada in 1979, was one of the first pure gold bullion coins. It has a face value corresponding to its weight and is legal tender in Canada. Special editions and variations in metals have also been issued.
The Maple Leaf gold coin was minted in Canada in 1979 and typically has a purity of .999 or greater. This gold bullion coin was one of the first of its kind in modern history, and the first to be struck in pure gold rather than an alloy. The original Maple Leaf gold coin was minted in the 1 oz (approximately 28 grams) size, although several additional weights were added later. Each coin is considered legal tender in Canada and has a face value corresponding to its weight. Additional versions of the Maple Leaf coin have also been issued over the years, including a $1,000,000 Canadian Dollar (CAD) coin, a 2010 Olympic issue, and variations in metals such as silver and platinum.
When the gold maple leaf coin was first introduced, the only other such coin was the South African Krugerrand. Unlike the Krugerrand, which is made from an alloy known as crown gold, the Maple Leaf Gold coins were struck from 99.9% or higher pure gold bullion. Coins minted after 1982 have been 99.99% or more pure, while some special editions have been known as “five nines” due to being 99.999% pure.
The first maple leaf gold coin was minted in a 1 oz (approximately 28 grams) size, had a face value of CAD$50, and featured Queen Elizabeth II on one side and a maple leaf on the other. Other weights ranging from 1/2 to 1/20 oz (14 and 1.4 grams) were added later, and a 1/15 oz (approximately 1.8 grams) coin was offered only in the year 1994. These coins are considered currency. legal tender at the time. nominal values, although they generally do not circulate. Gold is not very durable when handled regularly, so pure gold bullion coins can be easily damaged if not handled carefully.
In addition to the traditional maple leaf gold coins issued each year, several special versions have also been offered. Maple leaf coins with embedded holograms were struck in 1999 and 2001, and a special Olympic edition was offered in 2010. The first maple leaf gold coin to incorporate selective coloring was also struck in 1999, and several have been available. games with this function. .
Maple leaf coins have also been minted in other precious metals, such as silver and platinum. The first silver and platinum maple leaf coins were struck in 1988, both featuring a maple leaf and Queen Elizabeth II. A palladium maple leaf coin was first offered in 2005.
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