Everybody has seen those movies when some heroic figure attempts to locate, acquire, or safeguard a treasure trove of gold. However, the question is, “When and how the fascination for gold coins in Canada started?” The thing is, in earlier times, similar to how early Canadians traded furs for food, tools, and weapons, people all over the globe have been exchanging beads and shells for a very long time. But when trade routes developed, it became clear that goods highly prized in one society were useless in another. However, gold was the one item that everyone desired.
One commodity that could be used by everybody was gold. Not only did it not spoil, it was almost unbreakable, and, what’s more, it could be melted down to become something totally different. Many civilizations’ custom of giving babies gold jewelry ensures that the family always has a “liquid” asset to rely on in times of need.
Latin and Old English used the term “bullion” to describe the process of “boiling” metal. “Bullion” came into usage about the middle of the fifteenth century to denote the large quantities of gold and silver held by aristocracy, governments, and monarchs (and, by extension, modern-day banks and companies) in the shape of bars.
Inception of Gold Coins in Canada
The desire to privately own gold was on the rise among everyday consumers by the mid-century. With the exorbitant prices and massive weights of the “London Good Delivery” (400 troy oz.) and the New York “Comex” (Commodity Exchange) gold bars (100 troy oz. each), the need for a more affordable bullion alternative increased.
Here comes the commencement of the Canada gold coin. The Krugerrand, a bullion currency of one ounce and twenty-two-carat gold, was issued by South Africa in 1970. Before the 1979 debut of the Gold Maple Leaf, its purity level of 91.67% was the gold standard. Gold Maple Leafs were in high demand when word got out that they were immensely pure, with 99.9% content, which captivated the financial community. After a three-year break, the Mint raised its purity standard to 99.99%, establishing its position as the world’s leading mint.
Currently, the Canadian gold coins by RCM remain the most trusted bullion coins worldwide with multiple denominations. Thanks to innovative packaging and new coin sizes, modern consumers now have more options to purchase gold. Included in the Maplegram25 is a removable blister pack containing twenty-five 1-gram coins made of 99.99% pure gold.
Financial Security that’s Pleasing to Eye
Each of the Maple Leaf bullion coins issued by the Mint is adorned with a design that serves as evidence of its ancestry, much like the stunning artwork printed on paper currency to discourage counterfeiting. With radial lines that flow outwards to the edge of the coin, the maple leaf, recognized as the national symbol of Canada, is depicted in a manner that is both exquisitely realistic and detailed.
Within microns of the master tooling, each line is machined with a distinct width and pitch, forming a pattern of light-diffracting particles over the coin’s surface. Gold magnates Chaplin and Bond would undoubtedly agree that this is one of the three high-tech security elements incorporated into each coin. It is a magnificent joy for the eye and gives a breathtaking experience.
Where to Buy Gold Coins in Canada
Now that you have sufficient information about RCM gold coins, your next question might be where to buy authentic gold coins in Canada. The answer is – there are plenty of platforms to invest in these coins. You can buy directly from the reputed mint, or if you are looking for some discounts and offers, you can check for other trusted bullion dealers providing coins and bars at affordable prices. Keep in mind always purchase from the widely recognized dealer platform!
