In uncertain economic times, Canadian gold maple leaf coins provide an outstanding investment vehicle. Unlike many financial instruments that fluctuate wildly and remain a mystery to all but a few; gold coins are tangible, practical and easily convertible into cash in all corners of the globe.
Many nations produce gold coins competing with the legendary Krugerrand of South Africa. The Canadian Gold Maple Leaf is more than an alternative. The Maple Leaf is now the world standard by which all gold coins are measured. The Canadian Gold Maple Leaf is the purest gold coin available. While the Krugerrand is produced at a 91.67% purity level, the Canadian Maple coin is available in 99.99% purity increasing to 99.999% for special issues.
Furthermore, the backing of the Royal Canadian Mint and the Canadian government guarantee the weight, purity and legal tender status of these coins. The gold maple’s value is recognized by the World Bank and central banks worldwide.
The coin’s almost complete purity makes it prone to marring and scuffing even with normal handling. This fragility increases its reputation among collectors. Most coins are purchased and stored in individual plastic containers and need to be handled, if ever, with extreme care.
The Canadian gold maple leaf’s reputation creates a very liquid market. However, not all coins are equal. Not all dealers are reputable. Not all prices give the investor the best deal for their money. Follow a few easy steps to get the best coins for the best price.
First, purity increases in the Maple with size. Keep in mind, that unless the coin is purchased directly from the Royal Canadian Mint, there will be a markup on price. The greater the amount purchased the lesser the overall markup.
It is absolutely essential to know the spot gold price on the day you intend to purchase your coins. Keeping this in mind will help you to avoid being gouged or even aide you in spotting a bargain.
Looking around on the internet can be quite profitable too. Typing in obvious keywords will yield an avalanche of sites offering the Canadian Gold Maple Leaf. Some consumer auction websites have ads placed by unsophisticated collectors willing to sell coins below market prices.
Finally, do your research. With patience and savvy, The Canadian gold maple leaf coin could be an excellent investment.