Canadian Maple Leaf Gold Coin (.999 Pure) (1979-1982)
|OUT OF STOCK|
|Weight (Au, Ag, Pt):||1 ozt|
|Minted by:||Canadian Mint|
|Coins Per Tube:||10|
|Sell to Us:||Spot|
The Canadian Gold Maple Leaf Coin is the official gold bullion coin of Canada and was first released by the Royal Canadian Mint in 1979. It was the second internationally recognized gold bullion coin, following the South African Gold Krugerrand. The gold used to produce these coins originates exclusively in Canadian mines. Canadian Gold Maple Coins produced before 1983 have a purity of .999 which differs from their more modern counterparts which boast a purty of .9999. The Royal Canadian Mint was the first mint to produce a 24 karat gold bullion coin. The Royal Canadian Mint Act of 1985 distinguished Canadian Gold Maples as “non-circulating bullion coins” and under the Canadian Currency Act of 1985 the Canadian Gold Maple was established as legal tender with a face value of 50 Canadian Dollars, backed by the Canadian Government.
The obverse of the coin features an effigy of Queen Elizabeth II designed by British artist, sculptor, and coin and stamp designer Arnold Machin. This bust was also used on all British coins until 1984, New Zealand Coins until 1985, and Australian coins until 1986. Her majesty faces the right of the coin with, “Elizabeth II” inscribed above her and “50 Dollars” and the year minted below her.
The reverse of the coin features the iconic Canadian maple leaf, Canada’s national symbol. The country’s name displays itself boldly at the top of the coin and the coin’s purity level in English and French can be seen at the bottom; it reads, “Fine Gold 1 Oz Or Pur.” Three nines, indicating the coins purity, are placed both to the left and the right of the leaf.