Should you decide to sell Canadian maple leafs, knowledge of the many variations is essential to coming up with a realistic estimate of the proper sale price for the coins. Remember that with both gold and silver Canadian Maple Leafs available, not to mention a third platinum variety, it is easy to get lost in all the varieties of the coin. Add the fact that this is not a common currency for Americans and you can see why the decision to sell Canadian Maple Leafs is more complicated than usual.
However it is reasonably easy to understand the ins and outs of the different variety of Canadian Maple Leaf coins with a little bit of time and effort. This article has been to written to help you sell Canadian Maple Leafs in a more profitable and efficient manner. Once you have read these tips and guidelines you'll know exactly what to expect from each transaction.
Canadian Gold Maple Leaf: There are numerous interesting facts about this coin. It is not only the official bullion coin of Canada but is also known to be one of the purest gold coins in the world. The gold content in a Canadian Gold Maple Leaf is 0.9999, which is equivalent to 24 carats of gold. In other words the percentage of base metal is almost zero. The gold content in some of these coins is even higher (0.99999). It is also important to remember that old Gold Maple Leafs minted in 1982 and earlier were only 99.9% pure. Therefore the year of mintage is a very important thing to consider while dealing with these coins.
The Canadian Maple Leafs usually come in denominations of $1, $5, $10, $20 and $50 having 1/20, 1/10, , and 1 ounce of gold respectively. In addition to that some very rare $2 coins, each containing 1/15 ounces of highest quality gold, are also available in the market. Since the production of these coins was discontinued after 1994, these coins can be difficult to come by, which means you can earn a high premium when you buy or sell these coins.
Canadian Silver Maple Leaf. Like their gold counterparts, silver Canadian maple leafs are also very popular among investors because of their purity. Selling these coins the right silver coin buyer can bring substantial returns. These coins were officially released in 1988 and since then millions have been minted by the Canadian government. The most common variety is the one ounce silver coin with a face value of $5. This coin is 99.99% pure and usually sells for over $20, depending on the prevailing spot price of silver. This is the only variety that can be found relatively easily in the market, with some commemoratives being difficult to come by.
It is very easy and profitable to sell silver Canadian Maple Leafs because the demand for these coins is very high. If you own rare silver maple leafs, such as those minted between 1996 and 1997, then you can find a buyer without much effort. That's because these coins were made in a very small quantity and their demand has increased tremendously over the years. Around 101,000 silver maple leafs were minted in 1997 as opposed to a more moderate amount of 1.2 million in 1999 and nearly 18 million in 2010! As a result the 1997 silver maple leaf has become a favorite among collectors and coin investors around the world.
If you have some Canadian Maple Leafs that you would like to sell, then you can estimate their value by considering the year of production and other factors mentioned above. Once you have a realistic estimate you can sell Canadian Maple Leafs by selecting a good coin dealer. You can contact several dealerships and choose the one who offers the best customer service and most competitive rates.
However it is reasonably easy to understand the ins and outs of the different variety of Canadian Maple Leaf coins with a little bit of time and effort. This article has been to written to help you sell Canadian Maple Leafs in a more profitable and efficient manner. Once you have read these tips and guidelines you'll know exactly what to expect from each transaction.
Canadian Gold Maple Leaf: There are numerous interesting facts about this coin. It is not only the official bullion coin of Canada but is also known to be one of the purest gold coins in the world. The gold content in a Canadian Gold Maple Leaf is 0.9999, which is equivalent to 24 carats of gold. In other words the percentage of base metal is almost zero. The gold content in some of these coins is even higher (0.99999). It is also important to remember that old Gold Maple Leafs minted in 1982 and earlier were only 99.9% pure. Therefore the year of mintage is a very important thing to consider while dealing with these coins.
The Canadian Maple Leafs usually come in denominations of $1, $5, $10, $20 and $50 having 1/20, 1/10, , and 1 ounce of gold respectively. In addition to that some very rare $2 coins, each containing 1/15 ounces of highest quality gold, are also available in the market. Since the production of these coins was discontinued after 1994, these coins can be difficult to come by, which means you can earn a high premium when you buy or sell these coins.
Canadian Silver Maple Leaf. Like their gold counterparts, silver Canadian maple leafs are also very popular among investors because of their purity. Selling these coins the right silver coin buyer can bring substantial returns. These coins were officially released in 1988 and since then millions have been minted by the Canadian government. The most common variety is the one ounce silver coin with a face value of $5. This coin is 99.99% pure and usually sells for over $20, depending on the prevailing spot price of silver. This is the only variety that can be found relatively easily in the market, with some commemoratives being difficult to come by.
It is very easy and profitable to sell silver Canadian Maple Leafs because the demand for these coins is very high. If you own rare silver maple leafs, such as those minted between 1996 and 1997, then you can find a buyer without much effort. That's because these coins were made in a very small quantity and their demand has increased tremendously over the years. Around 101,000 silver maple leafs were minted in 1997 as opposed to a more moderate amount of 1.2 million in 1999 and nearly 18 million in 2010! As a result the 1997 silver maple leaf has become a favorite among collectors and coin investors around the world.
If you have some Canadian Maple Leafs that you would like to sell, then you can estimate their value by considering the year of production and other factors mentioned above. Once you have a realistic estimate you can sell Canadian Maple Leafs by selecting a good coin dealer. You can contact several dealerships and choose the one who offers the best customer service and most competitive rates.
About the Author:
Want to find out more about how to sell Canadian maple leafs, then visit Atlanta Gold and Coin Buyers' site on how to choose the best coin dealer when you sell Canadian Maple Leaf coins.
No comments:
Post a Comment