2017 Canadian Gold Maple Leaf Bullion Coin Description And History
The Canadian Gold Maple Leaf is a bullion coin that is produced by the Royal Canadian Mint and issued and guaranteed by the government of Canada. For this and other reasons, the coin is very popular in America and easily recognized.
The obverse or front of the coin bears the likeness of Queen Elizabeth II of Canada. The value of the coin is also stated on the obverse. In the case of the one-ounce gold coin, the value is given as “50 DOLLARS”. The year the coin was struck is also cleanly incorporated into the design.
The reverse, or back of the coin, prominently displays the Canadian Maple Leaf, which is the national symbol of Canada. On either side of the leaf are four nines (9999), which indicates that the coins are 99.99% pure gold or 24 karat. No base metals such as copper or silver are present in this coin. The Canadian Gold Maple Leaf is hailed as containing some of the purest gold available. The word “CANADA” arcs across the top of the coin while the words “FINE GOLD” and “1 OZ OR PUR” arc around the bottom of the reverse of the coin.
The Royal Canadian Mint has added some unique security factors in the past recent years. In 2013, engravers added a laser micro-engraved textured maple leaf to the reverse design. Inside the small maple leaf is the year the coin was struck. Magnification is required to see the finest of details in this security measure.
In 2015, the mint workers took gold bullion security to the next level. In addition to the laser micro-engraved maple leaf, a new security feature was added to both sides of the coin. Small radial lines emanate from the center of the coin and stem outwards. The lines appear only in the back “field” of the coin and do not obscure the designs central to the coin. The fine lines create a shimmer and lustrous effect.
Canadian Gold Maple Leaf coins produced between 2017 and November 1982 are 99.99% (.9999) pure gold. Canadian Gold Maple Leaf coins produced before November 1982 are 99.9% (.999) pure gold. There are some special edition Canadian Gold Maple Leaf Coins that have been struck from gold refined to 99.999% (.99999). The coins for sale on this page are 99.99% (.9999) pure gold.
The one troy ounce (31.1035 grams) Canadian Gold maple Leaf coins have a diameter of 1.1811 inches or 30.00 millimeters. They also have reeded, or grooved edges. The Royal Canadian Mint also produces these coins in fractional sizes. The other sizes produced are 1/2 ounce, 1/4 ounce, 1/10th ounce, 1/20th ounce, and 1/25th ounce coins. The Canadian Gold Maple Leaf has also been struck in a one gram size.
The one ounce, 1/2 ounce, 1/10th, and 1/20th Canadian Gold Maple Leaf coins are available for sale on the ITM Trading website. The coins have legal tender values (Canadian dollar) of 50$, $20,$5, and $1 respectively. If you are interested in purchasing any of the other size Canadian Gold Maple Leaf coins, please call us at 1.888.OWN.GOLD.
Of Special Note.
The gold contained in these coins is very pure, hence, it is quite soft. This fact coupled with the large flat and polished areas of design mean that these coins will mar and scratch easily. Special care should be used when handling these coins. You may wish to wear soft gloves and place the coins on a soft surface when handling/counting them. Heavily scarred and scratched Canadian Gold Maple Leaf coins can bring less at redemption. This is especially true of Proof or special edition coins.
The Gold Canadian Maple Leaf And Your IRA.
If you have a 401k or an IRA (Individual Retirement Account) contact ITM Trading about converting all or part of your account to precious metals-backed IRA. Usually, this can be done without incurring any penalties or tax consequences. Call us at 1.888.OWN.GOLD. ITM Trading can answer your questions and then assist you in establishing your new precious metals IRA. ITM Trading can then fulfill the delivery of physical gold and silver to your designated IRA approved vaulting facility. Canadian Gold Maple Leaf Coins are eligible to be held inside of a precious metals-backed IRA.