Thursday , 21 November 2024

Eagles, Buffaloes & Maple Leafs: Gold Bullion Coins of U.S. & Canada (+4K Views)

I think we all would agree that owning a 10 kg bar of gold would be nice but that it is probably out of the question at the current cost of over $500,000! I had the pleasure of caressing such a bar recently and being surprised at just how heavy (22.045855 lbs.) it was for such a small object. Below I describe the gold coins of Canada and the United States. Words: 870

Lorimer Wilson with Gold Bar
munKNEE.com Editor-in-Chief Lorimer Wilson Holding a Gold Bar

So says Lorimer Wilson editor of  www.munKNEE.com  (It’s all about Money!). Please note that this paragraph must be included in any article reposting with a link to the article* source below to avoid copyright infringement. Wilson goes on to say:

Canadian Gold Bullion Coins

1. The 100 kg. Canadian Gold Maple Leaf Bullion $1,000,000 Coin
Only five 100 kg. Canadian Gold Maple Leaf $1,000,000 coins were minted with a currently unmatched .99999 purity (99.99999% pure). The weight of 100 troy kilos, or 3,215 ozt., puts the value of the coin at somewhere between $5,144,000 and $5,304,750 with the price for gold in the range of $1,600 – $1,650/ozt.. I was fortunate enough to actually touch and have my picture taken with this monster of a coin which is 50 cm in diameter and weighs 220.5 pounds – and I complain about having too many Loonies and Toonies in my pocket (you lucky Americans with your 1 dollar bills)!
World's First 100-kg, .99999% Pure Gold Bullion Coin
munKNEE.com Editor-in-Chief Lorimer Wilson with the world’s first 100-kg, 99999 pure gold bullion coin with a $1 million face value. It was produced by The Royal Canadian Mint.

 

2. The Canadian Gold Maple Leaf bullion $50 Coin

The Canadian Gold Maple Leaf bullion $50 coin was first introduced in 1979. At the time the only gold bullion coin was the Krugerrand, which was not widely available because of the economic boycott of apartheid era South Africa.

The Gold Maple Leaf bullion coins minted between 1979 and 1982 had a gold content of .999. Starting in 1982, bullion coins have a fineness of .9999, making them one of the purest gold coins regularly issued in the world. They contain almost no base metals and consists of gold only mined in Canada.

 
3. The Half ozt. Canadian Gold Maple Leaf Bullion $20 Coin
Introduced in 1986, the half ozt. Canadian Gold Maple Leaf bullion $20 coin has a purity of .9999, making it one of the purest gold coins regularly issued in the world. It contains almost no base metals at all, only gold exclusively mined in Canada.
4. The Quarter ozt. Canadian Gold Maple Leaf Bullion $10 Coin
The Canadian Gold Maple Leaf bullion $10 coin was introduced in 1982 when the Royal Canadian Mint began producing gold bullion coins with the consistency of .9999 pure gold.

5. The Tenth of a Troy Ounce Canadian Gold Maple Leaf Bullion $5 Coin

The Canadian Gold Maple Leaf bullion tenth of a troy ounce $5 coin was introduced in 1982, when the Royal Canadian Mint started to produce the first Canadian Gold bullion coins with the consistency of .9999 pure gold.

6. The One Twentieth of a Troy Ounce Canadian Gold Maple Leaf Bullion $1 Coin

The 1/20th ozt. Canadian Gold Maple Leaf bullion $1 coin was first brought into production in 1993 by the Royal Canadian Mint, and is still minted to this day.

American Gold Bullion Coins

1. The American Eagle Gold Bullion $50 Coin 

Authorized by Congress in 1985 and first minted in 1986, the American Eagle Gold bullion $50 coin is minted in 22 karat gold with a purity of 99.95% or .9995. By United States law, the gold that is used to produce each coin must be taken from newly mined sources in America.

 
2. The American Eagle Gold Half Ounce Bullion $25 Coin

3. The American Eagle Gold Quarter Ounce Bullion $10 Coin

Authorized by Congress in 1985 and first minted in 1986, the American Eagle Gold bullion $10 coins are 99.95% pure gold mined from sources in America.

4. The American Eagle Gold Tenth of an Ounce Bullion $5 Coin

The American Eagle Gold bullion $5 coins are 99.95% pure gold made of newly mined sources of American gold.

5. The 1 oz. American Buffalo Gold Bullion $50 Coin

The American Buffalo Gold bullion coins were first authorized by Congress in 2005 and first minted in June 2006. The gold buffalo coin is the first .9999 fine, 24-karat gold coins ever struck by the United States Mint and takes it’s image from the “Indian Head”, or “Buffalo Nickel” which was introduced in 1913.

As Eric Kelly of www.hedgefundlive.com said recently in an article entitled Gold Will Keep Cruising as Currencies Come Under Pressure (see here), gold should be the crutch to lean on for a while because a currency crisis is brewing worldwide, and gold will be a safe place to store value. The Euro and USD are fundamentally weak, and inflation is nearly out of control due to huge stimulus packages and low interest rates that aren’t helping struggling economies. Where better to place a good portion of your money than in the above gold coins or in the silver coins outlined in article 1 below. 
 
 
Article sources: here and here
 
Related Articles:
  1.  New Series of Canadian & American Silver Coins Coming to Market  https://www.munknee.com/2011/07/new-series-of-canadian-american-silver-bullion-coins-coming-to-market/
  2. Check Your Change! Certain Recent US Coins Are Worth $Thousands  https://www.munknee.com/2011/07/check-your-pocket-change-certain-recent-rare-u-s-coins-are-worth-thousands-of-dollars/
  3. What’s the Difference Between 1 Gold Karat, 1 Diamond Carat and 1 Troy Ounce?  https://www.munknee.com/2011/03/whats-the-difference-between-1-gold-karat-1-diamond-carat-and-1-troy-ounce/
  4. The Pros and Cons of Buying Gold Bars, Ingots and Coins  https://www.munknee.com/2011/03/the-pros-and-cons-of-buying-gold-bars-ingots-and-coins/
  5. Americans: Which Gold/Silver Bullion Assets are Permitted in Your IRA?  https://www.munknee.com/2011/06/americans-which-gold-and-silver-bullion-assets-are-permitted-in-your-ira/
  6. Beware The Dangers of Buying Gold Coins  https://www.munknee.com/2010/06/the-dangers-of-buying-gold/