Canadian Gold Maple Leaf: Difference between revisions
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Revision as of 18:52, 6 June 2007
The Canadian Gold Maple Leaf is the official bullion gold coin of Canada and is produced by the Royal Canadian Mint. The brainchild of Walter Ott, it is the purest gold coin of regular issue in the world, with a gold content of .9999 millesimal fineness (24 carats). That is, it contains virtually no base metals at all – only gold exclusively from gold mines in Canada. Coins minted between 1979 and 1981 have gold content of .999.
The coin was first introduced in 1979. At that time, the only available bullion coin was the Krugerrand, which was not widely available because of an economic boycott of apartheid-era South Africa.
The coin is offered in 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations and is guaranteed to contain the stated amount (in troy ounces) of .9999 fine gold (24 carat). The coins have legal tender status in Canada, but as is often the case with bullion coins, the face values of these coins (C$1, C$5, C$10, C$20 and C$50) are purely symbolic and are much lower than their true value.
The 1/20, 1/10, 1/4, and 1/2 troy oz coins are identical in design to the 1 troy oz coin except for the markings on the obverse and reverse sides that indicate the weight and face value of the coin. In 1994, 1/15 oz ($2.00 face value) gold and platinum coins were issued, possibly for use in jewelry. They were not very successful, and so 1994 remains the only year in which 1/15 oz gold and platinum bullion coins were produced.
Starting in 1988, Maple Leaf coins have also been struck in .9995-fine platinum, having the same weights and face values as the gold coins. Since 1988, a one ounce .9999-fine silver Maple Leaf has also been struck, with a face value of 5 dollars. In 2005, a .9995-fine palladium Maple Leaf 1 oz coin was introduced, with a face value of 50 dollars. The palladium Maple Leaf is subject to the federal GST in Canada.
On May 3, 2007, the Royal Canadian Mint unveiled a Gold Maple Leaf coin with a face value of One Million Dollars,[1] though the gold content was worth over $2 million at the time. It measures 50 cm in diameter by 3 cm thick and weighs 100 kilograms, with a purity of 99.999%. The artist is Stanley Witten. The coin is mainly a promotional product to give the mint a higher international profile.[1] The 100-kilogram coin was conceived as a one-off showpiece to promote the mint's new line of 99.999 per cent pure one ounce Gold Maple Leaf bullion coins[1] but after several interested buyers came forward the mint announced it would manufacture them as ordered and sell them for between $2.5 million and $3 million. As of May 3 2007 there were five confirmed orders.[2]
All denominations are in troy ounces.
Gold Maple Leaf
| Years | Denominations | Purity | Obverse |
|---|---|---|---|
| 1979–1981 | 1 oz | 999 | 39-year-old Queen Elizabeth II |
| 1982–1985 | 1 oz, 1/4 oz, 1/10 oz | 9999 | |
| 1986–1989 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz | 9999 | |
| 1990–1992 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz | 9999 | 64-year-old Queen Elizabeth II |
| 1993 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, 1/20 oz | 9999 | |
| 1994 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, 1/15 oz, 1/20 oz | 9999 | |
| 1995–2004 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, 1/20 oz | 9999 | |
| 2005–present | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, 1/20 oz | 9999 | 79-year-old Queen Elizabeth II |
Platinum Maple Leaf
| Years | Denominations | Purity | Obverse |
|---|---|---|---|
| 1988–1989 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz | 9995 | 39-year-old Queen |
| 1990–1992 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz | 9995 | 64-year-old Queen |
| 1993 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, 1/20 oz | 9995 | |
| 1994 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, 1/15 oz, 1/20 oz | 9995 | |
| 1995–1999 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, 1/20 oz | 9995 | |
| 2002 | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, 1/20 oz | 9995 |
Note: No platinum maple leafs have been minted since 2002.
Silver Maple Leaf
- Main article: Canadian Silver Maple Leaf
| Years | Denominations | Purity | Obverse |
|---|---|---|---|
| 1988–1989 | 1 oz | 9999 | 39-year-old Queen |
| 1990–2004 | 1 oz | 9999 | 64-year-old Queen |
| 2005–present | 1 oz | 9999 | 79-year-old Queen |
Palladium Maple Leaf
Available in a one-ounce format, the Palladium coin presented an alternative to the Platinum Maple Leaf, which had been discontinued in 1999.
During the testing process for the Palladium coin, coins were tested on two different Palladium blanks. These blanks had been identified as Lot "A" and Lot "B". From these blanks, 290 test coins were struck. Said coins were struck with a Mint Mark to attest to their authenticity. All test coins struck from Lot A were identified with an "A" Mint Mark, and all test coins struck from Lot B were given a "B" Mint Mark. These coins were available through a draw held by the Royal Canadian Mint. Their face value was $50 each and the issue price for both coins were $1,299.95.
| Year | Denomination | Purity | Obverse |
|---|---|---|---|
| 2005 | 1 oz | .9995 palladium | 79-year-old Queen |
Bimetallic Maple Leaf
As a way of commemorating 25 years as an industry leader in bullion coins, the Royal Canadian Mint created a very unique six coin set. It was a new bimetallic maple leaf set in bullion finish (a brilliant relief against a parallel lined background). The six-coin set was the first ever to include the 1/25 oz. Maple Leaf denomination. Each coin included a double-date of 1979-2004, and the 1 ounce coin featured a commemorative privy mark. All coins were packaged in a black leather presentation case with a black velour insert along with a certificate of authenticity. [3]
Coin Specifications
| Year | Theme | Face Value | Size | Composition (Ring) | Composition (Core) | Weight | Diameter |
|---|---|---|---|---|---|---|---|
| 2004 | 25th Anniversary, Gold Maple Leaf | $0.50 | 1/25 ounce | .9999 silver | .9999 gold | 1.270 | 16.00 |
| 2004 | 25th Anniversary, Gold Maple Leaf | $1.00 | 1/20 ounce | .9999 silver | .9999 gold | 1.581 | 18.03 |
| 2004 | 25th Anniversary, Gold Maple Leaf | $5.00 | 1/10 ounce | .9999 silver | .9999 gold | 3.136 | 20.00 |
| 2004 | 25th Anniversary, Gold Maple Leaf | $10.00 | 1/4 ounce | .9999 silver | .9999 gold | 7.802 | 25.00 |
| 2004 | 25th Anniversary, Gold Maple Leaf | $20.00 | 1/2 ounce | .9999 silver | .9999 gold | 15.589 | 30.00 |
| 2004 | 25th Anniversary, Gold Maple Leaf | $50.00 | 1 ounce | .9999 silver | .9999 gold | 31.650 | 36.07 |
Other Details
| Year | Theme | Artist | Mintage | Issue Price | Finish |
|---|---|---|---|---|---|
| 2004 | 25th Anniversary, Gold Maple Leaf | RCM Engravers | 801 | $2,495.95 | Bullion |
Special issues
99.999% Gold Maple Leaf
| Year | Theme | Artist | Mintage | Issue Price | Special Notes |
|---|---|---|---|---|---|
| 2007 | Two Hundred Dollar Coin | Stanley Witten | N/A | N/A | Purest gold coin produced by RCM |
| 2007 | One Million Dollar Coin | Stanley Witten | N/A | N/A | The coin weighs 100 kilograms |
Coloured Gold Maple Leaf
| Year | Theme | Artist | Mintage | Issue Price | Special Notes |
|---|---|---|---|---|---|
| 1999 | 20th Anniversary of the GML | Walter Ott, RCM Engravers | 13,025 | N/A | These are the first coloured coins that the Royal Canadian Mint has ever produced [4] |
Hologram Gold Maple Leaf
| Year | Theme | Artist | Mintage | Issue Price | Special Notes |
|---|---|---|---|---|---|
| 1999 | GML Hologram Set | Walter Ott, RCM Engravers | 500 | $1995.00 | First Coins for RCM to feature a hologram |
| 2001 | GML Hologram Set | Walter Ott, RCM Engravers | 600 | $1995.00 | N/A |
| 2001 | $10 GML Hologram | Walter Ott, RCM Engravers | 14,614 | $195.00 | 1/4 ounce |
Individual Releases
| Year | Theme | Artist | Mintage | Issue Price | Special Notes |
|---|---|---|---|---|---|
| 1989 | 10th Anniversary Coin | Walter Ott | 6,817 | Bullion Value | Packaged in a wooden box |
| 1997 | 125th Anniversary of the RCMP | Ago Aarand | 12,913 | $310.00 US Funds | Guaranteed value of $310 US until Jan 1, 2000 |
| 2004 | 25th Anniversary of Gold Maple Leaf | Walter Ott | 10,000 | Bullion Value | Introduced at ANA World’s Fair of Money in Pittsburgh |
| 2007 | Gold Maple Leaf Test Bullion Coin 99.999% Pure | Stan Witten | 500 | $1,899.95 | Available to collectors who enter draw-to-buy |
Privy Marked GML
| Year | Privy Mark | Denomination | Size | Mintage | Special Notes |
|---|---|---|---|---|---|
| 1997 | Family | Five Dollars | 1/10 oz. | 100,730 | Made for Dillon Gage |
| 1998 | Eagles | Five Dollars | 1/10 oz. | 51,440 | Made for Dillon Gage |
| 2000 | Expo Hanover | Ten Dollars | 1/4 oz. | N/A | N/A |
| 2001 | Basle Coin Fair | Ten Dollars | 1/4 oz. | 750 | N/A |
| 2001 | Viking | N/A | 1 oz., ½ oz., 1/4 oz., 1/10 oz., 1/20 oz. | 850 | Issued as a five coin set |
| 2005 | Liberation | Ten Dollars | 1/4 oz. | 1,000 | Made for Royal Dutch Mint |
Definition of finishes
- Bullion
- Brilliant relief against a parallel lined background.
- Proof
- Frosted relief against a mirror background
- Specimen
- Brilliant relief on a satin background.
References
- ^ a b c "Royal Canadian Mint introduces world's first 100-kilogram pure gold coin". Canadian Broadcasting Corporation. May 3 2007. Retrieved 2007-05-08.
{{cite news}}: Check date values in:|date=(help) - ^ "Finally! A 100-kg Canadian gold coin". CBC News. May 3 2007.
{{cite news}}: Check date values in:|date=(help) - ^ Charlton Standard Catalogue of Canadian Coins, 60th Edition, p.442
- ^ Charlton Standard Catalogue of Canadian Coins, 60th Edition, p.440