The Canadian Gold Maple Leaf is the official gold bullion coin of Canada, produced by the Royal Canadian Mint. Furthermore, it was the first bullion coin with a gold purity of .9999 (24-karat), with some special issues even .99999 fine. The Canadian Gold Maple Leaf was introduced in 1979 to satisfy high demand for gold bullion coins as the only gold bullion coin at the time, the 22-karat Krugerrand, was unavailable due to the economic boycott of the apartheid-regime in South Africa. It is available in 1/20 oz, 1/10 oz, ¼ oz, ½ oz, and 1 oz denominations. The Canadian Government guarantees for weight, content, and .9999 purity.
The Gold Maple Leaf was designed by Walter Ott. The obverse side of the coin features the profile of Queen Elizabeth II, as well as the inscription ELIZABETH II and the coin’s face value and year of minting. The reverse side shows the maple leaf, Canada’s official national symbol, and the inscriptions CANADA, as well as the coin’s purity and denomination (e.g., FINE GOLD 1 OZ OR PURE).
Canadian Gold Maple Leaf coins minted from 1979 to 1982 have a gold purity of .999, while coins minted from 1982 onwards have a gold purity of .9999.
In 1994, the Canadian Mint also issued a 1/15 oz coin ($2.00 face value) gold and platinum coins were issued, possibly for use in jewelry. They were not very popular, and 1994 remains the only year in which 1⁄15 oz gold bullion coins were produced. All Gold Maple Leaf coins are identical in design to the 1 oz coin, except for markings on the obverse and reverse sides indicating the weight and face value of the coin. Their face values are $1, $5, $10, $25, and $50, which are their legal values reflecting their issue and monetized value. In Canada, the Maple Leaf coins are legal tender for all debts public and private at their face values. However, the face values do not reflect the much higher intrinsic value of these coins. The Canadian Golden Maple Leaf is one of the most desired coins because of its impeccable quality, classic design, and fine gold purity.
Moreover, the Canadian Golden Maple Leaf gold coin enjoys an enviable reputation among collectors and investors due to the Royal Canadian Mint’s insistence upon flawless planchets, the pure gold blanks from which gold coins are made, and is eligible for placement in a physical gold IRA. In 2007, the Royal Canadian Mint lived up to its reputation once again by creating and issuing the world’s largest and purest gold coin ever produced: a 100 kilogram, or 220 pound, .99999 fine gold coin that has a face value of 1 million Canadian dollars (although the gold content was worth over 1 million U.S. dollars at the time). Even as gold prices fluctuate, the iconic Canadian Gold Maple Leaf remains immensely popular since it is one of the world’s most pure, refined, and beautiful gold coins.