The Canadian Gold Maple Leaf is the official bullion gold coin of Canada and is produced by the Royal Canadian Mint. It is the purest gold coin of regular issue in the world, with a gold content of .9999 fineness (24 carats). The coin was first introduced in 1979.
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 market 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 jewellery. They were not very successful, and so 1994 remains the only year in which 1/15 oz gold and platinum bullion coins were produced.
The Gold Maple Leaf's obverse and reverse display, respectively, the profile of Queen Elizabeth II of Canada and the Canadian Maple Leaf. In 2013 and 2015, new security features were introduced. In 2013, a laser-micro-engraved textured maple leaf was added on a small area of the reverse (Maple Leaf) side of the coin. In the centre of this mark is the numeral denoting the coin's year of issue, which is only visible under magnification. In 2015, the radial lines on the coin's background on both sides of the coin were added.
Some dealers have complained about the production quality of the Gold Maples. The softness of 24 karat gold combined with the Gold Maples' milled edge, clear field around the Queen and the tube storage supplied, means that the coins easily show handling marks. This is a standard problem with pure gold.
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