Canadian Gold Coin: The Purest Among Gold Coins

Canada is country which brought out its own gold coin because the South African Krugerrand was in short supply due to the economic boycott of that country. It is also the purest gold coin in the world. The Canadian gold coin contains only 24 carat gold which is mined in Canada. The coin features an image of Canadian monarch, Queen Elizabeth II on the obverse and a maple leaf on the reverse side. The coin is also popularly known as the Canadian Gold Maple Leaf.

The coin is available various denominations ranging between 1/20 of an ounce to one ounce. It is guaranteed to have gold equal to its denomination. All the coins have same design and marking except those which display the value or weight of the coin. While the coin is accepted as a legal tender in Canada, it is primarily a bullion coin. In 1994, Canadian gold coin which weighed 1/15 ounce was released but was soon discontinued.

The Canadian gold coin is also one of those few coins which depict the monarch without her crown. This is an extremely rare scenario and a number of eyebrows were raised at the move. But the Royal Canadian Mint was not done yet.

On May 3, 2007 a Canadian gold coin weighing nothing less than one hundred kilograms of pure gold was introduced as a promotional measure for the mint. The face value of this Canadian gold coin is placed a one million Canadian dollars but its actual price goes up as high as 2.5 to 3 million Canadian dollars. On the very day of its introduction, orders were places for five such coins. At the same time the mint also introduced its 0.99999 % pure coin of 1 ounce.

By the coming of August 2007, the Canadian gold coin was again in the news. This time the Royal Canadian Mint has struck a deal with the International Olympic Association. They mint would release Canadian gold coin with the emblem of the 2010 Olympics and the Paralympic games engraved on it. This Canadian gold coin is expected by 2008. It shall be available in the regular circulation, bullion and even a numismatics version.

If you want to purchase Canadian gold coin and you are located in Canada, you can easily order the coins from the Royal Canadian Mint. The coins come in exquisite leather packaging and can be considered for gift purposes.

For those people who are located outside Canada, there are a number of coin dealers both online and offline who can purchase Canadian gold coin on your behalf and ship it your address almost anywhere in the world. Alternatively if you have friends in Canada, you can ask them to bring one for you, the next time they visit your country.