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Video Script

Hi, I am Lynne. Welcome to Chard TV

Today we are going to take a look at one of our popular and interesting gold coins, the Canadian Maple.

Canada was the first country to introduce a “pure” gold bullion coin. It is known as the Maple or Maple Leaf. As a Government issued gold bullion coin it was the 2nd to become available after the South African Krugerrand.

The Maple Leaf is Canada’s national emblem and is instantly recognisable worldwide. It was, therefore, an obvious and suitable choice for the reverse of their one ounce bullion coin. The Obverse bears a portrait of Her Majesty, Queen Elizabeth II.

When it was first issued in 1979, in a one ounce version only, it was made of .999 gold (in other words 99.9% pure)
From 1983 onwards this was changed to .09999 gold, or 99.99% pure.

This purity of gold means that the coins contain virtually no base metals at all, only gold from mines in Canada. However this makes very little practical difference to the actual gold content or value.

Interestingly, in 2007 The Royal Canadian Mint proudly introduced the worlds purest gold bullion coin with a purity of .99999(5 nines).This standard does not replace the mints .9999 Gold Maple coins but is reserved for special editions.

On May 3, 2007, The Royal Canadian Mint unveiled a Gold Maple Leaf coin with a face value of $1 million, though the gold content was worth over $2 million at the time. The coin weighed 100 kilograms and the artist was senior engraver Stanley Witten. The coin was mainly a promotional product, to give the mint a higher international profile and to promote the mints new line of 99.999% pure gold maple leaf bullion coins. In October 2007, the Million Dollar coin was certified by Guinness World Records to be the largest gold coin in the world.

A question often asked is “Why did the Royal Canadian Mint make the world’s purest and largest gold bullion coin? And their answer is "because we can"!

Maples are available in different sizes and weights, One ounce, halves, quarters, twentieths, fifteenths and tenths and although the one ounce was introduced in 1979 it was not until 1982 that the fractional sizes began to be introduced.

Proof Maples are also available, individually or in sets, (point to proof set) but these were only ever issued in one year, that being 1989.This makes it very easy for us to remember which years we have in stock!!

One distinctive feature of the Maple is its gold purity, it being 24 karat gold. If we compare it to the Krugerrand which is 22 karat, it is smaller, lighter and has a totally different colour. We find that many of our customers choose Maples because of their pure gold content. For circulating coins pure gold would be too soft to be sufficiently durable but for bullion coin there is no such disadvantage.

In many ways it is more exciting to hold a pure gold coin rather than an alloyed gold coin, it has a beautiful colour and being of a higher density also has a higher quality heft or feel.

Thank you for watching our video I hope you’ve enjoyed it.
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