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Gold and Silver Maple Leaf Coins Get a New Package

    1-oz-silver-maple-leaf-coin

    Gold maple leaf and silver maple leaf have undergone packaging modifications. This is a change clearly required by investor aversion to the packages used by the Royal Canadian Mint since the coin was launched. Gold Maple Leaf debuted in 1979 and Silver Maple Leaf debuted in 1988. This change seems like a good move. This will increase Silver Maple Leaf sales and allow Gold Maple Leaf to keep the preferred pure (.9999) gold bullion coins.

    Since its inception, 1 ounce of gold maple leaf has been packaged in 10 tubes. Maple Leafs is made from 24 karat pure gold, which makes it “softer” than alloy gold coins like the American Gold Eagle and Krugerrand. Additionally, the tube design that sits well on the coin makes it difficult to remove, inspect, and reinsert an ounce of maple leaf gold without damaging the coin.

    In fact, it's almost impossible to put the golden maple leaf back in place, at least without scratching it. In addition, if the person inspecting the coin does not know how easy it is to damage the golden maple leaf, unnecessary damage often occurs while the coin is out of the tube.

    The Gold Maple Leaf has a statue of Queen Elizabeth II on the front, with a flat, transparent box next to the statue. The reverse is edged with maple leaves, hence the name of the coin. The problem arises from the very sharp milling edge (front edge) of the coin. When the coin is reinserted into the tube, the broken edges often damage the field.

    Then there is the problem for investors who prefer to “raise” their coins to “get a feel”. If you put four or five golden maple leaves in the palm of your hand and they “clap”, the damage can be very serious. If you drop the golden maple leaf, damage to the rim is almost guaranteed.

    When Gold Maple Leaf was sold to the secondary market, damaged coins became a problem and Gold Maple Leaf became less popular with investors. The problem is so widespread that many wholesalers only bid to “melt” it into golden maple leaf regardless of condition. By paying only “melt” wholesalers can resell coins for industrial or jewelry purposes cheaply if no buyer of the coin is found.

    Gold maple leaves, such as the Gold Eagle and the Krugerrand, are investment coins that can be redeemed for a small premium in addition to their gold content. Damaged golden maple leaf does not mean any loss of gold. Contains 1 ounce of gold regardless of scratches or scratches on the edge. Still, buyers do not want to receive damaged coins. This means that the degree of damage to the maple leaf gold sold in the secondary market needs to be assessed.

    Some wholesalers examine golden maple leaves one at a time and don't take the time to separate them based on their condition. These are wholesalers who typically only “melt” one ounce of maple leaf gold, regardless of condition. Fortunately, it's the free market itself, and there are still wholesalers who buy with caution.

    Handwriting is still hanging on the wall: 1 ounce of maple leaf gold in a tube is losing more and more popularity and is probably the basic investment coin that carries the smallest premium on the investment coin market, Krugerrand, Mexico 50 Pesos, is included in the Austrian 100 Corona. Still, the packaging revision should fill sales of the new Gold Maple Leaf.

    In the new packaging, each 1 ounce of maple leaf gold is encapsulated in plastic and hung in the center of the plastic card, much like an ounce of gold bar is packaged. However, the plastic that protects the golden maple leaf is heavier and more durable than the plastic used in 1 ounce gold bars. The new packaging is designed to prevent the coins from being easily damaged.

    With the new package, Royal Canadian Mint has made another big change. One ounce of maple leaf gold contains 25 boxes, while the old pack contains 10 tubes. With the American Gold Eagle, the world's most popular gold coin in 20 tubes, this change will further increase sales, as 20 coins are a common order unit for gold coins. As a result of the change, investors who want a “totally original package” will go up to 25 ounces.

    For small orders, however, the coins must be removed from the coin box, individually encapsulated and placed in another container. The new package requires more storage space for maple leaf gold than an ounce of gold coins in a tube.

    An ounce of maple leaf gold is a little tricky to work with, but most of the bullion market prefers pure gold coins. Gold Maple Leaf is the most popular 1 ounce pure gold (.9999 fine gold or 24 carat) gold bullion coin on the market, and the new package requires you to keep the Gold Maple Leaf as a 24 carat gold bullion coin. .. (The market for pure gold bullion coins is estimated at $ 2.4 billion annually.) The new package will be available in August.

    A new pack of 1 ounce Silver Maple Leaf has already been introduced. However, the old Silver Maple Leaf bundle will still be available. Since the introduction of Silver Maple Leaf in 1988, 20 coins have been packed in a sheet and 200 coins have been packed in a box. Each coin was individually surrounded by plastic. The new package is similar to the US Mint Silver Eagle package.

    Silver maple leaf costs 20 tubes in a tube, 25 tubes in a container and 500 coins in a “mint box”. The new boxes are made of durable, heavy plastic, the 200 boxes are made of cardboard. The new package is designed to make Silver Maple Leaf more competitive against American Silver Eagle. Currently, the most popular 1 ounce modern silver bullion coins are offered.