Canadian Gold Maple Leaf

History

The Canadian Gold Maple Leaf coin or simply known as GML, is a gold bullion coin issued by the Canadian Government yearly since 1979, and the Royal Canadian Mint manufactures it.

The Gold Maple Leaf was Walter Ott’s original brainchild as another option to the South African Krugerrand. Ott had a vision for the Gold Maple Leaf to become Canada’s pride as the purest and most popular gold bullion coin in the world. The coins are made from 99.99% pure cold, meaning the coin is extremely vulnerable to damage when it is not packaged or handled properly. 

Design

The Gold Maple Leaf’s design features Queen Elizabeth II on its obverse side with the mint year, face value, and the words ELIZABETH II on it. The obverse side was also designed by Walter Ott. A younger Queen, Elizabeth II, was depicted in the first mint of the Gold Maple Leaf. However, the design was changed in 1990 to show a more mature image of the Queen.

On the reverse side of the Gold Maple Leaf is the national symbol of Canada, the Maple Leaf. The Maple Leave is also the most recognized coin design in the world of bullion. The name CANADA is shown on the top, the numbers 9999 appear on the left and right sides of the coin, and the words FINE GOLD and the coin’s weight in ounces are on the bottom.

Value

The Gold Maple Leaf is considered a legal tender, which means it can be used in payments of debts and taxes; it also has the face value of 50 Canadian dollars. However, when it comes to selling your Gold Maple Leaf, its value is dependent on four factors: spot price of gold, year minted, condition, and mintmark. Take note that the spot price of gold changes daily. The Gold Maple Leaf is, of course, made from 99.99% (24-karats) of pure gold and a standard weight of 1 troy ounce (31.10 grams).

These factors are also important in determining the price of Gold Maple Leaf coins:

  • Spot price of gold
  • Condition
  • Year
  • Mint Mark

There are other size denominations as well that include ​1⁄25 oz., ​1⁄20 oz., ​1⁄10 oz., ​1⁄4 oz., and ​1⁄2 oz. The coins have a corresponding face value of CAD$0.50, CAD$1, CAD$5, CAD$10, and CAD$20.

We BUY Canadian Gold Maple Leaf Coins

Do you have Canadian Gold Maple Leaf coins and want them out of your hands? We’ll be happy to take them from you and even pay you for them! Here at Nevada Coin Mart, we are the #1 buyer of Canadian Gold Maple Leaf coins in Las Vegas and Henderson, even in the entire Nevada state! 

We offer free in-store evaluation for your piece using a state-of-the-art Thermo Scientific Niton X-Ray Spectrometer in order to accurately analyze and measure precious metal contents in your piece. This will ensure that you get top-dollar for your items. 

We are open 365 times a year from 9 am to 6 pm, so come visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103 or call us up at 702-998-4000.

Reference

https://www.garfieldrefining.com/history-of-canadian-gold-maple-leaf 

https://en.wikipedia.org/wiki/Canadian_Gold_Maple_Leaf 

https://goldiraguide.org/allowed-in-ira/canadian-gold-maple-leaf-coins/