A Bit About the Popularity of the Canadian Gold Maple Coins

Manufactured completely from Canadian gold sources, the Canadian Gold Maple coin is made up of 24 karat gold. Compared with the Krugerrands of South Africa and American Eagles, which are made of 22 karat gold or 91.67 percent pure gold, the Canadian Gold Maple coins are 99.99 percent pure. These gold coins are believed to be the globe’s purest gold bullion coins.

Being made up of 24 karat gold, the Canadian Gold Maple coins are certainly less durable than the Krugerrands of South Africa and the United States’ American Eagles. Pure gold bullion has hardly ever been utilized as a frequently distributed currency because it can be worn out easily or damaged over time. On the other hand, the Maple Leaf coins are chiefly collector’s investments and items. Its lower degree of resilience is a non-issue to most collectors and investors.

Canadian Maples have become famous in several markets because of their standing as “pure gold.” However, there are some people who get disappointed and have lose interest on Canadian Gold Maple coins when they discovered that there is another gold coin that is less than 24 carat. Probably there is a visual attraction to holding pure gold. And probably a few individuals want the option of thawing down their gold to intensify liquidity in times of crisis. And there are also probably some people who misconstrue the “impure” condition of lower karat gold coins, believing that they consist of a lesser amount of gold than a 24 karat gold coin of equivalent denomination. In reality, a one ounce South African Krugerrand and a one ounce Canadian Gold Maple contain almost the same mass of gold. The supplementary metals are not calculated in the weight. It is only the gold content that is being counted. Anyhow, these viewpoints are all grounds for the lopsided popularity of the coin.

Another factor that makes the Maple Leaf famous is its appealing design. The clear-cut yet iconic features of the Canadian maple leaf, which is also shown on the flag of Canada, instantaneously strikes anyone who’s viewing it and provokes images of Canada’s splendid natural wonders and profuse natural resources. The opposite side of the coin exemplifies a bust of Queen Elizabeth II, illustrating the history of Canada as a former British colony and branch of the Commonwealth. The maple leaf gold coins’ design is much the same to the Canadian penny, which also displays a maple leaf on one surface and Queen Elizabeth II on the opposite side.