Thursday, September 20, 2012

Platinum And Palladium Canadian Maple Leaf Coins

By Mino Loiuse


Platinum is one of the scarce materials that could be discovered on the face of the earth. Because of its rarity, and non-reactivity, platinum is considered as a noble material. The platinum Maple Leaf coin of Canada is one of the purest platinum coins worldwide. It has a number of denominations which include one, two, five, ten, and fifty Canadian dollars.

Nevertheless, the correct worth of these platinum coins is significantly higher than their own apparent worth. Maybe, the platinum coin is one of the best coins to collect. It was first produced twenty five years ago with a portrait of Her Majesty. This layout was changed in the year 1994 and featured an image of the queen in her sixties.

The Royal Mint of Canada ceased producing it in 2002. However three years ago, it has been introduced again to the general public with a new image of the 79 year-old queen.

Palladium is a whitish-silver glossy and scarce metal found by William Hyde Wollaston. Such element, which was given its name after the Pallas asteroid, is among the PMG. Palladium shares similar qualities with other precious metals within the class, just that it is the lowest in density and has the weakest melting temperature. The first Palladium coins were minted in Sierra Leone in 1966.

The RCM initially produced Canadian palladium bullion coins in the year 2005. It features the country's icon and the image of Queen Elizabeth II. Even though there have been established palladium bullions all over the world, there were no palladium bullion coins before the Canadian Maple Leaf palladium coins. Palladium coins have a fifty Canadian dollar apparent value but the true worth of every coin is really a staggering $1,299.95.

At first, the RCM limited the manufacture of palladium coins to 40,000 coins. However since the demand for palladium coins in those days was low, the RCM lowered the production to 15,000 coins. Today, the interest in palladium coins is steadily rising and because of its standing as the lone government-issued palladium bullion coin in the market, it is always sold at very high premiums.

Nonetheless, we cannot deny that the easiest way to have palladium is to have an investment in palladium bullion coins. It is as simple as buying gold, silver and platinum bullion coins, just that you have to search much harder for the reason that palladium Maple Leaf coins are uncommon. Besides the reality that palladium coins remain as enticing items to include in your financial portfolio, you could get awesome results since the accurate price is always higher than their apparent value.

It's very easy to sell and buy bullion coins in the investment industry thus it is definitely recommended to platinum and palladium investors.




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