Gold, Silver & Copper Bullion
The term bullion refers to coins that are valued based on their gold or silver content rather than numeric value. Bullion coins can be struck from gold, silver, platinum, and other precious metals. These coins are purchased for investment purposes. Numismatic coins are purchased by collectors looking to add to their collection. A numismatic coin will have a value not only based on the type of coin it is such as a quarter or dime, but based on rarity and condition which would be valued according to set market trends and book values. With bullion, the value is based on the actual weight in silver, gold or platinum. Bullion is weighed in ounces troy which is slightly heavier than a traditional ounce. 1 troy ounce weighs 31.1 grams whereas a traditional ounce only has 28.35 grams.
In Canada, there are several bullion forms of physical bullion that you can purchase for your investment interests. Here at Colonial Acres we will be happy to show and explain the different options to best suit your needs. Below is a short history of bullion coins so you can understand how the bullion came to be.
Bullion coinage in Canada began in the year 1908 when the Royal Canadian Mint of Ottawa struck their first coin. This coin was a gold sovereign with a large capital C which stood for the country of Canada. It was shortly after that when gold refining began in-house and by 1912, in the month of March, the Department of Finance had decided that the Mint would begin striking five-dollar gold coins, 165,680 in fact. The Mint would also be responsible for creating ten-dollar gold coins, minting a total of 74,759 coins. This was a big deal as the striking would mark the first time that Canada had created gold coins that had the word ‘Canada’ on them as well as the coat of arms for the country. This series only lasted 3 years from 1912-1913 each year minting a $5 & $10 gold coin denomination.
It wasn't until 1967 that the Mint would produce another Gold coin to celebrate the Canada’s Centennial. The Mint issued a $20 Gold coin in a 7-coin specimen set. This coin also featured Canada’s coat of Arms and contained 90% gold and had just over a half ounce of pure gold (0.5287). A decade would almost past before another Gold coin would be minted. To commemorate the 1976 Montreal Olympics the Mint produced a $100 Gold coin and offered in 14K & 22K gold. The $100 Gold series continued every year since and is still going today.
Canadian Mint really came into the bullion market in 1979 when the mint decided to produce .999 Pure gold bullion coins for investment purposes. The first coin created was a $50 coin with a Gold Maple Leaf design with one ounce of fine gold. The coin was 99.9% pure and the Government guaranteed the coins purity as well as weight. This coin quickly became the most popular in the world when it came to pure gold content.
By 1988, the Royal Canadian Mint decided to work in silver and platinum. Collectors and investors began to take advantage of the new release of a Silver Maple Leaf bullion coin with 99.99% silver and a Platinum Maple Leaf bullion coin which had 99.95% platinum.
In 2005, the Royal Canadian Mint introduced a new bullion coin known as the Palladium Maple Leaf. This coin was a one-troy ounce bullion coin with 99.95% purity. The face value was $50 and limited quantities of the coin were produced.
Two years later in 2007, the Mint decided to create a pure gold bullion coin of 99.999% purity the purest gold in the world . In this feat they issued a special coin, known as the Million Dollar Coin, was the largest coin of gold bullion to be introduced, at 100 kilogram .99999 pure gold in Maple Leaf design. The coin had a face value of $1 million and only five were produced.
To learn more about gold, silver and copper bullion, look no further. We specialize in bullion of all types and can help you find new items for your collection.