1-OUNCE 99.99% PURE gold maple leaf BULLION COIN WITH UNIQUE SECURITY FEATURE
The Canadian Gold Maple Leaf is the official bullion gold coin of Canada, and is produced by the Royal Canadian Mint. It is one of the purest gold regular-issue coins produced with a gold content of .9999 millesimal fineness (24 carats), with some special issues .99999 fine. That is, it contains virtually no base metals at all—only gold, from mines in Canada.
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The coin is offered in 1⁄25 oz., 1⁄20 oz., 1⁄10 oz., 1⁄4 oz., 1⁄2 oz., and 1 oz. denominations and is guaranteed to contain the stated amount (in troy ounces) of .9999 fine gold (24- carat). The coins have legal tender status in Canada for their face values ($1, $5, $10, $20 and $50), subject to the Canadian Currency Act and the Royal Canadian Mint Act. Although categorized as “non-circulating bullion coins” in the Mint Act, these coins are still legal tender under the Currency Act.
There is no reporting requirement when purchasing this bullion coin. If you sell 25 or more Canadian Gold Maple Leaf 1 oz coins the transaction is reportable on Federal Form 1099B. If you sell less than 25 coins at any one time the transaction is not reportable by your dealer. Macs Coins is here in the past an be there in the future for all your buy and sell needs
Source: Canadian mint
THE GOLD STANDARD
The Royal Canadian Mint’s Gold Maple Leaf (GML) coins are among the world’s most popular pure gold coins, having sold more than 25 million troy ounces since their introduction in 1979. The GML was also the first bullion coin to achieve the heightened standard of 9999 pure.
The radial lines in the new 2016 GML’s field have been precisely machined to within microns on the master tooling to ensure reproducibility from die to die and coin to coin. The uniqueness of the line width and pitch gives this coin a characteristic look, and creates a light diffracting pattern that is specific to this coin.
In 2013, the Mint introduced a new and unique Security Feature to confirm the authenticity of its GML coins. Derived from the same award-winning security technology applied to Canada’s $1 and $2 circulation coins, the GML Security Feature consists of a textured maple leaf, microengraved with laser technology on a small area of the reverse side (Maple Leaf side) of the coin. In the centre of this mark, visible under magnification, is the numeral “16”, denoting the coin’s year of issue.