Gold Maple Leafs and Silver Maple Leafs receiving packaging makeovers, changes clearly mandated by investor disfavor with packaging that the Royal Canadian Mint has used since the coins were introduced. Gold Maple Leafs debuted in 1979, Silver Maple Leafs in 1988. The changes seem good movement, whose sales of Silver Maple Leafs should increase and help to Gold Maple Leafs the preferred pure (.9999 fine) gold bullion coins.
Since its inception, 1-oz Gold Maple Leafs are packaged ten to a tube. Because Maple Leafs are 24-karat, pure gold, they are 'soft', compared to alloy gold coins like the American Gold Eagles and Krugerrands. Furthermore, because the design of the coins and the tight pipes, it is difficult to remove, inspect, and place 1-oz Gold Maple Leafs in their tubes without scratching the coins.
Actually, reinserting Gold Maple Leafs without at least some scratching is almost impossible. Further, if the persons inspecting the coins do not know how easy the Gold Maple Leafs are damaged, unnecessary damage often occurs while the coins of their tubes.
Gold Maple Leafs bear the image of Queen Elizabeth II on the front, with a flat, clear field next to the picture. The backs are the outline of a maple leaf, so took the coins. The problem stems from really sharp milled (fine grain) edges of the coins. When the coins are returned to their tubes, the milled edges often scratch the fields.
Then there is the problem with investors who like to "raise" their currencies there "to get. Sense of them" If they are four or five Gold Maple Leafs in the palms of their hands and "clang" them, the damage can be very serious. Should a Gold Maple Leaf be dropped, rim damage is almost guaranteed.
If Gold Maple Leafs are sold in the secondary market, have such a problem that damaged coins have become lost with investors. Gold Maple Leafs popularity The problem is so widespread that many wholesalers bid only "melt" for Gold Maple Leafs, regardless of their condition become. By paying only "melt", wholesalers can profitably sell the coins for industrial or jewelry purposes if no buyers are found for the coins.
Gold Maple Leafs, as the Golden Eagles and Krugerrands are gold coins, which trade on the value of their gold content, plus small premiums. Damaged Gold Maple Leafs do not mean a loss of gold, they contain an ounce of gold, regardless of scratches or nicks rim. However, buyers like can not receive. Damaged coins This means that the Gold Maple Leafs sold in the secondary market should be monitored for the degree of damage.
Some wholesalers refuse to take the time to individually inspect Gold Maple Leafs and separate them according to their condition them. These are the wholesalers who usually pays only "melt" for the 1-oz Gold Maple Leafs, regardless of condition. Fortunately, the free market is what it is, there are still some wholesalers who will buy based on condition.
Nevertheless, the handwriting is on the wall: 1-oz Gold Maple Leafs will continue in popularity to lose and probably will join in tubes Krugerrands, Mexican 50 Pesos, and Austrian 100 Coronas as basic gold coins, which carry the smallest premiums in the bullion coin market. However, the packaging makeover selling new Gold Maple Leafs Fillip.
With the new packaging, will each 1-oz Gold Maple Leaf are encased in plastic and hung in the middle of a plastic card, somewhat packed. As 1-oz gold bars However, the plastic protection of the Gold Maple Leafs are heavier and more durable than the plastic used with 1-oz gold bars. The new packaging is to keep from being easily damaged. Coins
With the new packaging, the Royal Canadian Mint made another big change: 1-oz Gold Maple Leafs is now 25 a box, while the old packaging is ten to a tube. This change may further increase sales 20 coins are often ordering units for gold bullion coins, because the world's most popular gold bullion coins - American Gold Eagles - come 20 to a tube. As a result of the change, investors who "complete original packaging" up to 25 grams.
However, orders for small quantities mean the coins will have to be removed from their coin boxes - but still individually encapsulated - and in other containers. The new packaging will also have more storage space for Gold Maple Leafs than for one-ounce gold coins that come in tubes needed.
Although 1-oz Gold Maple Leafs will cumbersome to handle a bit more of a large part of the gold coin gold market prefer pure gold coins. Gold Maple Leafs are the most popular 1-oz pure long time (or .9999 fine 24-karat) gold bullion coins on the market, and the new packaging should keep as the preferred 24-karat gold bullion coins Gold Maple Leafs . (The market for pure gold bullion coins is estimated at $ 2.4 billion per year.) The new packaging is expected to debut sometime in August.
New packaging for 1-oz Silver Maple Leafs is already entered. However, Silver Maple Leafs in their old packaging are still available. Because Silver Maple Leafs were introduced in 1988, they are packaged twenty coins to a sheet, 200 coins in a box. Each coin was individually enclosed in plastic. The new packaging will be similar to the U.S. Mint's Silver Eagles packaging.
Silver Maple Leafs is now 20 with a tube, 25 tubes in a container, and 500 coins to a "mint box." The new box is made of durable heavy plastic, while 200 are cardboard boxes. The new packaging should make Silver Maple Leafs more competitive with American Silver Eagles, currently sold the most popular 1-oz modern silver bullion coins.
Bill Haynes heads CMI Gold & Silver Inc., one of America's oldest precious metals dealers. See CMIGS 'website at
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