Description
The Canadian Gold Maple Leaf is a gold bullion coin that is issued annually by the Government of Canada. It is produced by the Royal Canadian Mint.
The Gold Maple Leaf is legal tender with a face value of 50 Canadian dollars. It has become a popular bullion coin at the global level. Investors appreciate the fineness of the coin, which is .9999 fine (24 carats). The coin is among the purest official gold bullion coins in the world. It weighs 1 troy ounce (31.10 grams).
The Gold Maple Leaf’s obverse and reverse designs feature the profile of Queen Elizabeth II of Canada and the Canadian Maple Leaf.
The coin was introduced in 1979. At the time the only competing bullion coins being minted were the Krugerrand (which was not widely available because of the economic boycott of apartheid-era South Africa) and the Austrian 100 Corona.
To satisfy the high demand for gold bullion coins in light of this shortage, the Royal Canadian Mint began producing Canadian Maple Leafs only from gold mined within Canada. These coins have legal tender status in Canada under the Currency Act1 troy ounce Canadian Gold Maple Leaf coin
Diameter = 30 mm (1.29 in.) Thickness = 2.80 mm (0.12 in.) Gross Weight = 1.0000 troy ounces (31.1030 grams) Face Value = $50 (Canadian)
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