Do you want to put money into precious metals?
The American Eagle Gold coin and the Canadian Gold Maples Leaf are your only options. Gold bullion coins are a unique way to commemorate significant life events, are legal tender in their respective nations, and are uncorrelated sources of investment diversification.
The 22-karat Krugerrand was the only gold bullion coin available to investors from 1967 until the late 1970s. History of the Most Popular Gold Coins in North
AmericaKrugerrands, on the other hand, were made illegal in many countries in 1991 as a result of the boycott against apartheid. As a result, in 1979, the Canadian government introduced the 24-karat Canadian Maple Leaf Gold coin to fill the void. A few years later, the Gold Bullion Coin Act of 1985 gave the U.S. Mint permission to produce American Eagle Gold bullion coins with a karat weight of 22.
Two legendary designs: Walter Ott designed the Canadian Maple Leaf, which features a profile of Queen Elizabeth II, the inscription "ELIZABETH II," the coin's face value, and the year it was minted on its obverse side. In addition to inscriptions indicating the coin's purity and denomination, the reverse side features the maple leaf, which is Canada's official national symbol. The flawless planchets—the blanks from which coins are minted—that the Royal Canadian Mint insists on using for the Maple Leaf Gold Coin are the foundation of the mint's reputation for quality.
Miley Busiek, who is now Miley Tucker-Frost, and Augustus Saint-Gaudens created the designs for the American Gold Eagle. The obverse side of the coin features Saint-Gaudens' Lady Liberty, her hair flowing, holding an olive branch and a torch in one hand. Below her, the year of minting and the word "LIBERTY" is inscribed across the top. On the reverse of the coin, in addition to the weight and face value, the inscriptions "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," and "IN GOD WE TRUST" feature Tucker-Frost's male and female eagles.
Differences and Similarities Between the Two Gold Coins There are a few differences between the two coins. In addition to being normal production, both coins can be placed in gold Individual Retirement Accounts (IRAs) and are legal tender produced by government mints in their respective nations. In addition, both coins are available in special "proof" versions, which are limited-edition coins minted with the highest possible quality.
The coins come in a variety of sizes, are different karats, and are issued in a variety of currencies by various governments in various nations. As 22-karat gold bullion, the American Eagle is composed of 91.67% gold, 3% silver, and 5.33 percent copper. The Maple Leaf is.99999 fine, or almost pure gold, at 24 karats. The American Gold Eagle is available in the following sizes in terms of size:
1 troy ounce, which has a face value of US$50; 12 troy ounce, which has a face value of US$25; 14 troy ounce, which has a face value of US$10.00; and 1/10 troy ounce, which has a face value of US$5.00.
1 troy ounce (C$50 face value) 12 troy ounces (C$25 face value) 14 troy ounces (C$10.00 face value) 1/10 troy ounce (C$5.00 face value) 1/20 troy ounce (C$1.00 face value) The Royal Mint produced a 1/15 troy ounce Gold Maple Leaf Coin for a brief period of time in 1994; however, this version was not as popular as the other sizes and was discontinued after a
What Investors Need to Know About American Eagle and Maple Leaf Coins The most crucial aspect of these coins is their value. They actually trade on the value of their constituent metals, despite their nominal values. Because it is a fine gold coin, the Maple Leaf Gold coin's value is solely determined by the gold price. On the other hand, the value of an American Eagle Gold coin is determined primarily by the price of gold but also by the spot price of all of its precious metals.
Lastly, the high quality of the Maple Leaf coins has long made them extremely popular among numismatists. Even Maple Leaf Gold coins with face values of one million Canadian dollars were produced by the Royal Mint in 2007. When it was first produced, the American Eagle was not the most popular gold bullion coin, but its popularity has increased over time. For any portfolio in need of true diversification away from stocks and bonds, both coins are excellent investments.
How to Buy Gold Coins The U.S. Mint only sells gold coins to its network of Authorized Purchasers who meet certain strict requirements. These Authorized Purchasers then sell the bullion to the general public. As a U.S. Mint Authorized Purchaser, Scottsdale Bullion & Coin sells American Eagle and Maple Leaf coins in the Scottsdale, Arizona, region.
