Canadian Platinum Maple Leaf 1 oz
The Canadian Platinum Maple Leaf 1 oz is one of the most popular platinum bullion coins on the market today and has been struck in 6 different sizes (1 oz, ½ oz, ¼ oz, 1/10 oz, 1/15 oz and 1/20 oz). Produced by the Royal Canadian Mint beginning in 1988 and continuing through 1999.
The series was again struck in 2002 and 2009 and competes in the world market with the US Platinum Eagle, the Austrian Koala and the Austrialian Platypus.
The front of this bullion coin features Queen Elizabeth II and her portrait has been updated twice since the coin was introduced in 1988.
The reverse features a stylized maple leaf the Canadian national symbol because the maple tree grows in all of her 10 provinces. The back also includes weight and purity.
Each of the 6 sizes carries a different face value ranging from $1 Canadian to $50 Canadian on the 1 oz coin. The Canadian Platinum Maple Leaf 1 oz trades for a small premium above its platinum weight and the legal tender value while symbolic adds a special plus because it provides the guarantee of a sovereign nation.
The regular production Canadian Platinum Maple Leaf 1 oz offers a number of advantages to the precious metal investor: (1) Because the Canadian Platinum Maple Leaf 1 oz is minted and guaranteed as to weight and purity by the Royal Canadian Mint it is recognized and accepted as a world standard. This allows dealers to post daily buy and sell prices on these beautiful 1 oz coins which follow the world price of platinum. (2). Because of the Royal Canadian Mint high quality production standards the Canadian Platinum Maple Leaf 1 oz is accepted in your Individual Retirement Account. (3) Because the Royal Canadian Mint produced a significant number of these bullion coins the premium over spot is low and attractive to those who only want a bullion investment. (4) The Canadian Platinum Maple Leaf 1 oz is a pure platinum coin with no alloy and so allows investors to diversify their precious metals holdings and easily figure total value. (5) The Royal Canadian Mint designed a hard plastic tube which holds 10 coins and snaps tightly shut so storage is easy and convenient. (6) Platinum bullion investment today is growing because unlike gold there are no Central Bank Reserves of platinum and it has many industrial uses in the modern world. Major mine production of platinum comes from South Africa and Russia and according to Johnson Matthey mine output is currently in a deficit.
Finally there is no reporting requirement (Federal Form 1099B) when either buying or selling the Canadian Platinum Maple Leaf 1 oz so paperwork requirements are minimized.
Visit GoldDealerCA on You Tube to see our informative videos on precious metals.