Collecting the Maple Leaf Silver Coin
The Canadian Maple Leaf Silver Coin can be a nice addition your silver or gold bullion bars. It is a Canadian bullion coin issued yearly by the government of Canada. This coin was first minted by the Royal Canadian Mint (RMC), in 1988. This coin which is the highest ranked bullion in world has the actual value of around 5 Canadian dollars for a 1 ounce coin.
Maple Leaf Silver coins have the highest purity among other bullion rounds and bars with a certified purity of 99.99% while that of most others is 99.9%. These coins have certain features which are present on every issue of the coin. These features include a maple leaf on the reverse side of the coin, a sculpture of queen Elizabeth on the obverse, a phrase ” Fine Silver 1oz Argent Pur” on the bottom of the reverse side and a weight of 1 troy ounce equivalent to 32.1 grams of silver.
Owning both quality silver and quality gold can be a nice feeling. Whether for collecting or investing you should always look for out the finest deal for the precious metals you purchase. These can not only include gold and silver from the Canadian government but can also include Credit Suisse Gold and the silver or gold American Eagle.
Issue Variations
Yearly variations of the Maple Leaf Silver Coin have included holographic enhancements, proof releases found on the 1989 edition only, a colored maple leaf which had a different design not found on the regular versions, and in 2009 a coin was issued in commemoration of the 2010 Winter Olympic Games.
There were a number of notable issues during the release of this series of coins. The year 1998 celebrated a 10th anniversary with the issuing of a single 10 oz version. In 1999, there was a celebration of RCM Maple Leaf Program with a privy mark design on all silver coins. The coins in 2000 had privy mark along with the number 2000 and fireworks. During this period there was another variation made to celebrate the new millennium. These coins were double dated with 1999 and 2000.
Market Value
Just like any other minted bullion investment, the market value for these is also dependent on few factors. Some of these factors include actual quantity of silver bullion, current silver bullion prices, weight by mint and bullion rounds purity guarantee and the premium which is dependent on the supply and demand of that particular issue. “Spot price” is the starting point of all bullion. The spot price is given each business day in the investment sections of all major news sources.
There is a difference between the pricing in Silver version from that of Gold and Platinum versions. When the silver versions gain huge demands their prices rise far more than the actual silver bullion value. In the year 1996 and 1997, there were limited mintages and hence the prices were very high. The year 1997 had only 101,000 mintages, which is quite low when compared to the mintages in 1999 which was 1.2 million coins.
About the Author
QualityBullion.com offers information and quality gold bullion bars at very competitive prices. If you would like to know more information or am looking for great deals on quality gold than pay us a visit.
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