Gold coins were used as a primary form of currency in many countries until the early 1900s. Gold has been used as currency for hundreds of years for many reasons. It doesn’t tarnish, and it can be quickly melted to make different types of money. Gold coins are also difficult to counterfeit and are appreciated for their beauty and rarity. Coins still have a broad appeal, especially for collectors and investors. Canadian gold coins produced by the Royal Canadian Mint are popular with all types of investors. If you are interested in collecting coins, it can be a fun, worthwhile experience. However, there are a few things you should consider before starting. Here’s everything you need to know about gold coins and how to get started on the road to investing.
Canadian Gold Coins Overview
Canadian gold coins are an excellent choice for investors. The Royal Canadian Mint produces the most valuable and beautiful gold coins. Coins produced by the Canadian Mint are more than just gold; they are beautiful works of art. They feature intricate design work and come in a multitude of purities and weights. The most valuable coins are made of 24 karat gold and feature historical events, wildlife, or the famous maple leaf.
The Royal Canadian Mint made its first gold coin in 1908 under the direction of the British Royal Mint. By 1931, ownership of the Mint was fully transferred to Canada, coinciding with an increase in gold production in several Canadian territories. A new refinery was built to expand gold production in 1936 and is still in use today.
The Royal Canadian Mint manufactures many coins, including gold bullion, circulation coinage, and numismatic issues. The Mint is well known for producing high-quality coins with various designs and purity levels. Some coins produced contain up to 999.99% gold, the highest purity of any coin in the world.
Canadian Gold Maple Leaf Coin
The most famous coin produced by the Royal Canadian Mint is the Gold Maple Leaf Coin. The standard Canadian Gold Maple Leaf contains one troy ounce of 99.99% fine gold and features the famous maple leaf symbol. The coin is available in smaller weights as well. The Gold Maple Leaf is legal currency and has a nominal value of 50 Canadian dollars for the one ounce issue. But the market value is in the $2,000s Canadian for the same coin..
How To Start Investing in Gold Coins
Investing in gold coins or bullion is the best option for purchasing physical gold. You want to find a coin dealer that is reputable and transparent about pricing policies. Make sure the dealer has authentication methods in place to ensure coins are legitimate. You should also focus on a dealer with a large inventory of Canadian gold coins, including the standard Canadian Gold Maple Leaf coin.
Your first coin purchase should come after research. Choose a design that is meaningful and select a purity level that appeals to you. After you’ve made the purchase, consider where you are going to store the coin. Renting a safe deposit box at a local bank is a good option. If you prefer to keep your coin collection at home, make sure they are locked up in a safe location.
Work With Colonial Acres Coins
Are you ready to start investing in gold coins? Colonial Acres Coins is a reputable dealer that specializes in Canadian gold coins. We have a large inventory of gold coins, including Canada decimal coins and the famous Canadian Gold Maple Leaf coins. We have coins for every customer, from beginners to experienced investors. Contact us today to start your gold coin collection.