Last Updated on December 15, 2023 by Ben
The Canadian Palladium Maple Leaf Coins are the latest continuation of the hugely successful Maple Leaf bullion series, and they’re also the first palladium offering from Royal Canadian Mint. Canadian Palladium Maple Leaf Coins are sometimes referred to as Royal Canadian Mint Palladium Coins or Palladium Maple Leafs. These coins are the world’s only legal tender palladium bullion coin issued by a major government mint.
What is Canadian Palladium Maple Leaf Coin
As one of the most sought-after pure palladium coins available, the Canadian Maple Leaf Palladium Coin is a treasure to own. The Palladium Maple Leaf was only made in certain years. This makes it very desirable to collectors and investors. The Royal Canadian Mint made these coins in 2005-2007 and also in 2009. These coins are 99.95% pure palladium. This coin is one of the most sought-after palladium bullion coins today.
Development, Introduction, and History
The Canadian Maple Leaf series is a very popular coin. It is one of the most successful and well-known coins ever made. Palladium versions of these coins were introduced in 2005 to go with the Gold Maple Leaf, Silver Maple Leaf, and Platinum Maple Leaf coins.
Canadian Palladium Maple Leaf coins were first offered in November 2005. There were only 40,000 of them. They produced less and less each year for a total of 15,000 by 2007. The Royal Canadian Mint stopped production after 2007.
Demand for palladium-based products has risen sharply since the recession of 2007-2008, and to meet that demand in 2009, the Royal Canadian Mint again minted a limited number of Palladium Maple Leafs.
Most Palladium is mined either in Russia or South Africa, and it can be difficult for mints to obtain this metal. Palladium is rare and less consistent than other precious metals. Palladium Maple Leafs are the rarest of the Canadian Maple Leaf series.
Canadian Palladium Maple Leaf Physical Characteristics
The design on the front of the Palladium Maple Leaf coin is a depiction of Queen Elizabeth II, rendered by Susanna Blunt. The profile of Queen Elizabeth II appears on more bullion coins than any other person.
The name of ELIZABETH II is above her picture, and below it, you can see the face value ($50 per 1 oz. coins) and the year of mintage.
The reverse side of the coins has one of the most recognizable images in all of the bullion and Canada’s national symbol: The Maple Leaf. Alongside it is CANADA and 9995 on either side to represent its .9995 palladium fineness. Fine Palladium is written across the bottom with 1 OZ PALLADIUM PUR letters stretching beneath it.
Unlike other Maple Leaf series coins, the Royal Canadian Mint only made one weight denomination for Palladium Maple Leafs: 1 Troy Ounce.
One troy ounce Canadian Palladium Maple Leaf:
Face Value: $50 Canadian
Weight: 31.103 g
Diameter: 33.0 mm
Thickness: 3.58 mm
The Palladium Maple Leaf coins are guaranteed to contain .9995 Palladium (99.95%), which is the requirement for IRAs.
Canadian Maple Leaf Palladium Coin Benefits
To add to the appeal and uniqueness of this coin, collectors have a few more reasons to purchase the Canadian Palladium Maple Leaf. Palladium is a valuable precious metal that has increased in value over the past decade, making it highly desirable among investors and collectors.
Palladium is a great precious metal to begin investing in, and its price point makes it easy for investors who want to start understanding the market. Palladium’s spot prices usually stay around a midpoint between that of silver and gold because of its relative affordability. But there are often fluctuations based on factors like supply or demand as well as geopolitical events, so make sure you’re constantly checking Palladium’s live quotes before you buy.
Canadian Palladium Maple Leaf Pricing
Every Canadian Maple Leaf coin has a face value. This is the value that is used when you spend it in Canada. The Canadian government sets this value.
While these coins are technically legal tender, they have a much greater value than what is on the front. The actual worth of a Palladium Maple Leaf is usually more than what is printed on the coin.
The face value is not the same as what a bullion coin is worth. This means that you can get a lot of money for your coin if it has a high price. The spot price of Palladium mostly settles the market value of Palladium Maple Leafs. However, The Canadian Palladium Maple Leafs can trade at a price that is higher than its palladium content because there is not much product and so few alternatives.
The spot price of Palladium fluctuates on a daily basis, so the market price of Canadian Palladium Maple Leaf coins also fluctuates from day to day.
Adding Canadian Maple Leaf Bullion Coins to an IRA
All Canadian Palladium Maple Leafs can be placed in a self-directed IRA.
Palladium’s rarity gives it real value. Palladium is one of the ten least occurring elements on earth, and its scarcity helps provide true worth for investors everywhere. By placing Palladium in an IRA, you’ll add diversity to your portfolio that is independent of fluctuations of stocks or bonds while giving yourself something surprisingly valuable: more security than gold.
The Internal Revenue Service (IRS) allows certain kinds of IRAs to carry gold, silver, platinum, and palladium bullions within portfolios that are sometimes referred to as “precious metals IRAS.” Only IRS-approved coins such as the Palladium Maple Leaf may be invested into these vehicles for profit potentials with tax advantages.
You need at least $5,000 of approved metals to make your own precious metal IRA. You must buy at least $1,000 each time you buy more. You cannot buy investment bullion for an IRA and keep it at home. You must transfer it to a precious metals depository and keep it there. These depositories are accountable for the safety and maintenance of your metal until you want it distributed elsewhere.
Bullion coins and bars must meet certain requirements. Canadian Maple Leafs (they are gold, silver, platinum, or Palladium) meet these requirements, and they are guaranteed to be of high quality by the Royal Canadian Mint.
Those with existing retirement accounts have the alternative of transferring or rolling over funds into a precious metals IRA.
You cannot buy new Palladium Maple Leaf coins from the Royal Canadian Mint anymore because they are not being issued every year. It is harder to find Palladium Maple Leafs than other Maple Leaf products. One way to find Palladium Maple Leafs is by purchasing them through a trusted dealer, such as the American Precious Metals Exchange (APMEX).
The Royal Canadian Mint Palladium Maple Leaf Coins are a great investment for those looking to diversify their portfolios and invest in precious metals. However, like any other commodity, the value can fluctuate from time to time. Canadian Palladium Maple Leaf Coins are a great choice because Canadian Mint coins have always been valued for their purity and authenticity.
If you don’t have any yet, it’s worth considering adding them to your investment portfolio today!