Canada is a land of beautiful natural landscapes and abundant resources. The Canadian gold coin is designed to appreciate and honor its wildlife, landscape, and heritage. So, a Canadian gold coin is an excellent choice if you are looking for gold coins with unique designs and artwork.
These coins come in different sizes, shapes, designs, and weights and will be a stunning addition to your coin collection. This article will discuss what a gold coin is worth in Canada, where you can purchase gold coins, and the best gold coin options available in Canada.
What is a gold coin worth in Canada?
The price of a gold coin in Canada will vary based on its composition, size, design, shape, and weight. The Royal Canadian Mint produces coins that have compositions ranging from 14K to 24K gold.
This ultimately means that the same weighted coins can be different amounts. For example, both these coins weigh 2 oz and are 99.9% pure, but currently, a gold maple leaf coin (with a mintage of 225) is priced at $7,300 CAD, while the price of a caribou gold coin (with a mintage of 450) is $4,500 CAD.
Mintage is the number of copies issued of a particular coin which is why the option with more available copies is cheaper. The average face value for both of these gold coins is approximately $200 CAD, the highest tender for one ounce of gold bullion coin on the market.
However, their market values are subject to change and depend on their features and the spot value of gold at the time of selling.
Where can you purchase gold coins in Canada?
The Royal Canadian Mint produces some of the best gold coins in the world. It was founded in 1908 and made its first gold coin that year as part of the British Royal Mint. In 1931, the British handed over the rights to Canada, and the Mint is now totally owned by Canada.
Today, the Royal Canadian Mint produces numerous bullion coins and all of Canada’s circulation coinage. Coins made by the Royal Canadian Mint are of the best quality and highest standard, with many of its coins being 99.99% pure.
The Royal Canadian Mint operates out of central Ottawa, with another branch in Winnipeg as well. Both Royal Canadian Mint locations offer tours to those interested in discovering more about gold coins, including the minting process.
What are some of the best gold coins in Canada?
Some of the best gold coins in Canada, produced by the Royal Canadian Mint, are the Canadian Gold Maple Leaf Coin and the Canadian Call of the Wild collection. Since these coins reflect Canada’s legacy, they have quickly become iconic pieces for coin collectors and gold investors alike.
The Canadian Gold Maple Leaf coin was first designed in 1979 and is still being produced today. It is composed of 99.99% pure gold, and its face value is around $50 CAD. However, the market value of this gold coin depends on the spot value of gold in the market, so it is subject to change. The coin features Queen Elizabeth II of Canada and the Canadian Maple Leaf engraved on it.
The Royal Canadian Mint introduced the Canadian Call of the Wild coin collection in 2014. The coins have designs of iconic Canadian animals crafted on them, such as the elk, moose, grizzly, eagle, wolf, or cougar. This coin is also 99.99% pure, and its face value is approximately $200 CAD, which is currently the highest guaranteed value for a bullion coin on the market.
Overall, the Canadian gold coin is not just a coin but also a piece of artwork that reflects Canada’s landscape, heritage, flora and fauna, and legacy. The price of a Canadian gold coin will ultimately depend on its composition, size, design, shape, weight, and spot value of gold at the time of inquiry.
As you can see, there are many available options to choose from. Gold coins such as the Canadian Gold Maple Leaf or the Canadian Call of the Wild collection could be an excellent addition to your coin collection for coin collectors or gold enthusiasts.