"Gold and Silver Maple Leafs Get New Packaging", Gold Maple Leafs debuted in 1979, Silver Maple Leafs in 1988.
9999 fine) gold bullion coins.
Because Maple Leafs are 24-karat, pure gold, they are "soft," relative to alloyed gold coins, such as American Gold Eagles and Krugerrands.
Actually, reinserting Gold Maple Leafs without at least some scratching is nearly impossible.
Gold Maple Leafs carry the image of Queen Elizabeth II on the front, with a flat, clear field alongside the image.
The problem arises from the coins' really sharp milled (reeded) edges.
Then there is the problem with investors who like to "heft" their coins "to get a feel of them.
Should a Gold Maple Leaf be dropped, rim damage is almost guaranteed.
The problem has become so widespread that many wholesalers bid only "melt" for Gold Maple Leafs, regardless of their condition.
Gold Maple Leafs, like the Gold Eagles and the Krugerrands, are bullion coins, which trade for the value of their gold content, plus small premiums.
Still, buyers do not like to receive damaged coins.
Some wholesalers refuse to take the time to individually inspect Gold Maple Leafs and separate them according to their condition.
Fortunately, the free market being what it is, there are still some wholesalers who will buy according to condition.
Still, the packaging makeover should fillip sales of new Gold Maple Leafs.
However, the plastic protecting the Gold Maple Leafs will be heavier and more durable than the plastic used with 1-oz gold bars.
With the new packaging, the Royal Canadian Mint made another big change: 1-oz Gold Maple Leafs will now come 25 to a box, whereas the old packaging is ten to a tube.
As a result of the change, investors wanting "complete original packaging" will move up to 25 ounces.
The new packaging also will require more storage space for Gold Maple Leafs than for 1-oz gold coins that come in tubes.
Gold Maple Leafs have long been the most popular 1-oz pure. The new packaging is expected to debut sometime in August.
However, Silver Maple Leafs in their old packaging are still available.
Each coin was individually enclosed in plastic.
Silver Maple Leafs will now come 20 to a tube, 25 tubes to a container, and 500 coins to a "mint box."
The new packaging should make Silver Maple Leafs more competitive with American Silver Eagles, presently the most popular 1-oz modern silver bullion coins being sold.
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