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Posted in Money

Gold Eagle vs. Maple Leaf

Gold Eagle vs. Maple Leaf

At a Glance

The Gold Eagle is the leading gold bullion coin in the United States and it tends to command a slightly higher premium than the Gold Maple Leaf when buying or selling. It is also 22 karat gold, making it more durable than the Maple Leaf. Both contain the same amount of gold by weight.

Gold is one of the precious metals, the price of which is ever fluctuating. In the recent times, investing in gold has become a trend and many people tend to invest in gold for profit motives. Although investing in gold is a good idea, it is important to consider various factors such as purity and cost etc. before investing. Gold Eagle and Gold Maples are some of the very commonly varieties of gold available in the market. The Gold Eagle is the official gold coin of the United States of America released by the US mint in the year 1986. The Gold Maples is the official gold coin of Canada which was introduced in the year 1979. Both are good in their own way with slight variations among them.

Purity

Pictured at top: Gold Eagle, 1/10 oz

The major difference between the Gold Maples and the Gold Eagles is their purity. The Canadian Gold Maples is 99.999% pure and is considered as the purest form of gold, 24 carat. The gold doesn’t contain any added base metals to it and is virtually made of 100% gold from mines in Canada. The American Gold Eagle is 91.67% pure or 22 carat gold. In English standards it is traditionally referred to as Crown Gold. The purity of the American Gold was initially 90% and it was increased to meet the English standards.

Quality

The quality of Gold depends upon its purity. However, there Canadian Gold Maples is very soft since it is very pure. During the manufacturing process, some finger prints are left in the coin, which is unavoidable. This problem doesn’t exist in the Gold Eagles as it is hard enough due to the presence of base metals in it.

Uses

The Gold Maples can be used as a mere showcase coin. It is very precious and also prestigious due to its purity. The Gold Eagles is malleable, ductile and can be used to make ornaments. People who prefer to use gold as an ornament prefer to buy the Gold Eagles whereas people who buy for prestigious value or business purposes go for the Gold Maples.

Durability

Gold itself is a highly durable metal. Both the Gold Maples and Gold Eagles are highly durable, but the Gold Eagles is slightly better when it comes to the durability factor due to the presence of base metals in it.

Value

Value of the gold depends on the market value of the gold on that particular day. This commodity is ever fluctuating and depends upon the market forces.

Gold Coin Premium

The Gold Maples are available at a lesser premium than the Gold Eagles because the RCM fixes the price of the Gold Maples in such a way that, it encourages the market sales. The RCM is more adaptable to the market situations than the US government and fixes the premium according to the current position in the market.

Denominations

The Gold maples are available in various denominations such as 1/25 oz., 1/20 oz., 1/10 oz., 1/4 oz., 1/2 oz. and 1 oz. whereas the Gold Eagles are available only in four sizes such as 1/10 oz., 1/4 oz., 1/2 oz. and 1 oz.