As with people that collect other items, gold coin enthusiasts and collectors come in a variety of shapes and sizes. For example, some focus primarily on cartier watches coins. If you're new to collecting, you might not know that Canadian gold bullion coins are the most pure on the planet.
Gold as Currency in Canada
Like many other Western nations, Canada ceased backing their paper money with gold in the early 20th century. In 1929, Canada stopped using the gold standard for their currency. Canadian banks would no longer give citizens gold for their bank notes if they wanted. This really changed the financial system in Canada (and other countries) in a lot of different ways.
Maple Leaf Gold Bullion Coins
At the top of the heap when it comes to Canadian gold coins, the Maple Leaf set many minting standards in the 1980s. Since then, Canada has continued to release gold bullion that are more and more pure. Simply put, they're worth money because of their purity. As a result, most Maple Leaf coins are coveted by collectors all over the world.
Canadian Gold Coins and You
While any gold coins you can buy are a wise investment that will be there no matter what happens to currency, Canadian bullion is special in a lot of ways. From the dedication to craftsmanship and purity to the art of the designs, Canadian coins are some of the best to have stored away for a rainy day. Their purity (especially some of the Maple Lead gold coins) can make them even more valuable than other gold bullion. If you're new to collecting gold coins for fun and profit, pay close attention to Canadian coins. If you see a bargain, you should snap it up before someone else does or the price goes even higher. The value of gold may dip a little every now and then, but if the last hundred years are any indicator, gold is going to be valuable for a long time to come.
Tips for Canadian Coins
- Quality - You should know a little about quality and the different terms used to differentiate what condition the gold coin you're considering purchasing is in.
- Age - While the older Canadian gold coins are nice, older isn't always better. Because newer coins are more pure, their value is increased. That said, some old coins that are rare or may have not had a lot minted can be worth a lot more than the value of the gold they contain.
Purchasing Canadian Gold Maple Leafs
Auction sites such as Canadian Gold Coin Auctions and eBay or a reputable gold cartier watches are fine sources. People are buying online on auction sites more than ever because of the convenience and ability to bargain hunt.
