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History Of The Canadian Gold Maple Leaf Coin

The gold mines located in Canada are directly responsible for creating the popularity of the Canadian Gold Maple Leaf coin. The Canadian Gold Maple Leaf coin has been popular amongst investors since the 1970s. During this decade attention was turned to Canada’s thriving mining industry and the coin was first minted in 1979. The Canadian Gold Maple Leaf coin boosted the mining industry further as a result of having such a high level of gold content. The purity of the Canadian Gold Maple Leaf coin makes it one of the most revered coins on the collector market.

The Canadian Gold Maple Leaf coin boasts a purity measure of .9999 millesimal fineness. This simply means that the quality is high and the Canadian Gold Maple Leaf coin is considered amongst the best forms of gold investment available. The gold measurement of the Canadian Gold Maple Leaf coin is equivalent to 24 carats – a common measure of gold purity used to gauge the quality of jewelry items. The Canadian Gold Maple Leaf coin contains virtually no base metals and its composition is almost entirely that of pure gold. The gold used to mint Canadian Gold Maple Leaf coins comes directly from the Canadian mines.

The Canadian Gold Maple Leaf coin soared in popularity back in 1979. This was partly because the only other gold bullion coin available at the time was the South African Krugerrand. Sanctions were placed on the importation of the Krugerrand due to America and Canada’s resistance to the South African apartheid policies. The Krugerrand became difficult to acquire which gave the Canadian Gold Maple Leaf coin the majority of the market share. Demand for the Canadian Gold Maple Leaf coin increased and financial pundits began to invest heavily in this readily available bullion coin.

In modern day times, the Canadian Gold Maple Leaf coin is available in several ounce values – 1/20-ounce, 1/10-ounce, 1/4-ounce, ½-ounce and 1-ounce coins. Riding on the success of the Canadian Gold Maple Leaf coin, the Canadian mint introduced a $1 million dollar form of the coin. Originally, this was done to enhance publicity surrounding the Canadian Mint. However, investors snapped up the coins almost as quickly as they could be produced. The Mint went on to pledge that they would continue to manufacture the rare Canadian Gold Maple Leaf coin in response to demand.

The history of the Canadian Gold Maple Leaf coin is closely linked to the boom of the precious metals industry and the subsequent availability of gold in the Canadian mining region. The Canadian Gold Maple Leaf coin gave exposure to the mining industry which perpetuated the minting of the coin. Discover more about the history of fine gold at GoldBullionPricing.com.

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