Being one of the purest variety of coins, the Canadian maple leaf is a very popular investment option. These coins are composed of different precious metals, and as such, sell at different prices. In order to arrive at an accurate estimated selling price, one should try to gain as much knowledge about these varieties as possible when you sell Canadian Maple Leafs. These coins are made out of gold, silver or platinum. Because of these options and the general unavailability of these coins in America, new investors often feel confused.
Still, it doesn't take a coin expert to understand the details of each coin type. In the succeeding paragraphs, we'll try to explain each coin type in order to help those who want to sell Canadian Maple Leafs gain a better appreciation of the currency that they have and what they can expect to receive when they conduct transactions.
Canadian Gold Maple Leaf. This is the official government-sanctioned gold bullion coin of Canada and is widely considered as the purest regular-mint gold coin in the world. The gold content of a Canadian Gold Maple Leaf is 0.9999 fine, which is equivalent to 24 carats or 24k. It would also be of great help to know that Gold Maple Leafs minted between the years 1979 to 1982 were only pure up to 99.9%, also referred to as triple nines, and only subsequently refined further in later releases.
The Canadian Maple Leafs usually come in denominations of $1, $5, $10, $20 and $50 having 1/20, 1/10, , and 1 ounce of gold respectively. In addition to that some very rare $2 coins, each containing 1/15 ounces of highest quality gold, are also available in the market. Since the production of these coins was discontinued after 1994, these coins can be difficult to come by, which means you can earn a high premium when you buy or sell these coins.
Canadian Silver Maple Leaf. Another popular variety of the Canadian Maple Leaf is the silver Canadian maple leaf. To Canadian silver maple leafs are just as popular as gold maple leafs, if not more. The coins are the officially minted silver bullion coins of the Canadian government, and were first released in 1988. The one ounce silver coin has a face value of 5 Canadian dollars, contains 99.99% silver and normally sells for more than $20 in the precious metals and coin market. Unlike the gold Canadian Maple Leaf, the silver variety only predominantly exists in the 1-troy ounce configuration with a few limited releases in other silver weights.
Because of an ever-increasing demand of silver coins, it is very beneficial to sell Canadian Maple Leafs. The rare varieties of the silver maple leaf are particularly profitable. Generally speaking, low mintage or rare coins sell at a premium. For instance, the coins minted in 1996 and 1997 were released in a very limited amount, and as such, the value of these coins has outpaced the price of silver. Around 101,000 silver coins were minted in these years, which is a very small amount as compared to the 1.2 million produced in 1999 and around 18 million in 2010. That's why collectors readily pay more than standard amounts to obtain these coins.
One can sell Canadian Maple Leafs at very competitive prices, so if you own some maple leafs and are considering selling them, you should have them evaluated by a coin expert. However you might not be able to gain the expected returns unless you utilize the services of a trust-worthy dealership and keep yourself informed with the latest happenings in the silver market. You should also keep an eye on the prices and demand of Canadian Maple leafs.
Still, it doesn't take a coin expert to understand the details of each coin type. In the succeeding paragraphs, we'll try to explain each coin type in order to help those who want to sell Canadian Maple Leafs gain a better appreciation of the currency that they have and what they can expect to receive when they conduct transactions.
Canadian Gold Maple Leaf. This is the official government-sanctioned gold bullion coin of Canada and is widely considered as the purest regular-mint gold coin in the world. The gold content of a Canadian Gold Maple Leaf is 0.9999 fine, which is equivalent to 24 carats or 24k. It would also be of great help to know that Gold Maple Leafs minted between the years 1979 to 1982 were only pure up to 99.9%, also referred to as triple nines, and only subsequently refined further in later releases.
The Canadian Maple Leafs usually come in denominations of $1, $5, $10, $20 and $50 having 1/20, 1/10, , and 1 ounce of gold respectively. In addition to that some very rare $2 coins, each containing 1/15 ounces of highest quality gold, are also available in the market. Since the production of these coins was discontinued after 1994, these coins can be difficult to come by, which means you can earn a high premium when you buy or sell these coins.
Canadian Silver Maple Leaf. Another popular variety of the Canadian Maple Leaf is the silver Canadian maple leaf. To Canadian silver maple leafs are just as popular as gold maple leafs, if not more. The coins are the officially minted silver bullion coins of the Canadian government, and were first released in 1988. The one ounce silver coin has a face value of 5 Canadian dollars, contains 99.99% silver and normally sells for more than $20 in the precious metals and coin market. Unlike the gold Canadian Maple Leaf, the silver variety only predominantly exists in the 1-troy ounce configuration with a few limited releases in other silver weights.
Because of an ever-increasing demand of silver coins, it is very beneficial to sell Canadian Maple Leafs. The rare varieties of the silver maple leaf are particularly profitable. Generally speaking, low mintage or rare coins sell at a premium. For instance, the coins minted in 1996 and 1997 were released in a very limited amount, and as such, the value of these coins has outpaced the price of silver. Around 101,000 silver coins were minted in these years, which is a very small amount as compared to the 1.2 million produced in 1999 and around 18 million in 2010. That's why collectors readily pay more than standard amounts to obtain these coins.
One can sell Canadian Maple Leafs at very competitive prices, so if you own some maple leafs and are considering selling them, you should have them evaluated by a coin expert. However you might not be able to gain the expected returns unless you utilize the services of a trust-worthy dealership and keep yourself informed with the latest happenings in the silver market. You should also keep an eye on the prices and demand of Canadian Maple leafs.
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Want to find out more about how to sell Canadian maple leafs, then visit Atlanta Gold and Coin Buyers' site on how to choose the best coin dealer when you sell Canadian Maple Leaf coins.
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