From 1967 to the late 1970s, the only gold bullion coin investors could purchase the 22-karat Krugerrand. However, the anti-apartheid boycott banned Krugerrands in many countries once apartheid ended in 1991. As a result, the Canadian government filled the gap when it launched the 24-karat Canadian Maple Leaf Gold coin in 1979. A few years later, the passing of the Gold Bullion Coin Act of 1985 authorized the U.S. Mint to produce 22-karat American Eagle Gold bullion coins. In this article, we will discuss the American gold eagle coin vs Gold maple leaf in detail.
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American gold eagle
Miley Busiek and Augustus Saint-Gaudens both contributed artwork for the American eagle gold coin (now Miley Tucker-Frost). The obverse side is decorated with Saint-Gaudens’ Lady Liberty, with “LIBERTY” written across the top and the year of minting below. She is presented with flowing hair, holding an olive branch in one hand and a torch in the other. The words “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “IN GOD WE TRUST,” together with the coin’s weight and face value, are written beneath Tucker-male Frost’s and female eagles.
Gold maple leaf
The Canadian Maple Leaf’s obverse side has a portrait of Queen Elizabeth II along with the words “ELIZABETH II,” the coin’s face value, and the year it was struck. Walter Ott created the design for the gold maple leaf coin. The back of the coin has the maple leaf, which serves as Canada’s official national symbol. It also features information about its purity and value. The Royal Canadian Mint’s reputation for quality is set up on the pristine planchets (the blocks from which the coins are made).
Difference between the American gold eagle and Gold maple leaf
The two coins have only a few small similarities. These coins are legal tender issued by government mints in their respective nations. They both come in special “proof” (limited output coins made with the finest grade). Apart from regular production, they are both accepted in gold Individual Retirement Accounts (IRAs).
American gold eagle coin vs Gold maple leaf
The coins are different karats and are available in different sizes. Various governments issue them in different denominations and functional in different nations. The American Eagle is a 22-karat gold bullion coin. Its composition is 91.67% gold, 3% silver, and 5.33% copper. The Maple Leaf is 24 karats, or.99999 fine, which is essentially pure Gold.
In terms of dimensions, the Gold American Eagle is available in the sizes: 1/10 troy ounce (US$5.00 face value), ¼ troy ounce (US$10.00 face value), ½ troy ounce (US$25.00 face value) and one troy ounce (US$50.00 face value). In the case of the gold maple leaf coin, the sizes are 1/20 troy ounce (C$1.00 face value), 1/10 troy ounce (C$5.00 face value), ¼ troy ounce (C$10.00 face value), ½ troy ounce (C$25.00 face value) and one troy ounce (C$50.00 face value).
American gold eagle coin vs Gold maple leaf in comparison to Krugerrand
In 1994, the Royal Mint issued a 1/15 troy ounce Gold Maple Leaf Coin for a short time. However, it was discontinued after one year since it was not as popular as other sizes. While the designs of these gold bullion coins differ, there are also small differences in their composition that set them apart:
- Because of its 8.3% copper alloy, the Krugerrand has a unique red color, but the gold American Eagle has a brighter yellow tint due to its silver and copper composition. The maple leaf is the most yellow because it contains the purest gold.
- The maple leaf weighs one troy oz, which is less than the Eagle and Krugerrand, which both weigh 1.09 oz because their purity is higher.
- The thickness of all three is 2.87 mm for the gold Eagle, 2.84 mm for the Krugerrand, and 2.80 mm for the maple leaf.
- In comparison to the Eagle and Krugerrand, which are 22-karat coins with 91.67% purity, the gold maple leaf coin is a 24-karat bullion coin with a purity of 99.99%.
- The Krugerrand has the largest diameter of 32.77 mm, while the Eagle has 32.70 mm, and the maple leaf is 30 mm.
Things to know about American Eagle and Maple Leaf Coins
An essential aspect of learning about these coins is their value. They trade on the worth of their constituent metals, not their face value. For example, since the gold maple leaf coin is a fine Gold coin, its value is totally based on the price of Gold. Contrarily, the value of a gold American eagle coin is decided by the spot prices of all of its precious metals combined, with Gold being the most important element.
Finally, due to the fantastic quality of the coins, the Maple Leaf has long been popular among numismatists. The Royal Mint even produced Maple Leaf Gold coins in 2007 with one million Canadian dollar face values. At its first release, the American Eagle was not that famous gold bullion coin. However, its appeal started to grow with time. Both coins are ideal assets for any portfolio that needs to diversify beyond stocks and bonds.
Hopefully, the information regarding the American gold eagle coin vs Gold maple leaf has been insightful! If you are thinking of investing in precious metals, look no further than BOLD Precious Metals. Here you can buy the American Eagle Gold coin and the Canadian Gold Maple Leaf. Gold bullion coins are a unique way to mark significant life events and are correlated with investment diversification.