Many Canadian War of 1812 Gold Coins have been found on Canadian soil. This is a coin that was minted in 1814 by British forces occupying Canada during the War of 1812. This is considered an important artifact in Canadian culture because it represents Canadian independence from Britain. If you are concerned about owning one, then make sure to buy gold coins from reputable dealers!
Canadian War of 1812 Gold Coins Background and History
Many historians call the War of 1812 a “take two” on American Independence from Great Britain. This was after America became independent from Great Britain in 1776. This was a story about the Revolutionary War. It was interesting and short. The British Empire won many battles, but they lost the war in the end. In the beginning, the conflict started as a protest movement that was against violations of our national sovereignty by the British navy.
This war made it the first time that the United States of America declared war on a foreign country. The United States’ national anthem, “The Star-Spangled Banner,” was written during this same time by Francis Scott Key when he saw bombs from the British Navy hitting Fort McHenry in Baltimore.
Canadian War of 1812 Gold Coins were very limited production coins. That means the number of coins that were made was not very much. They were only made in either uncirculated or proof conditions. Only 2,000 coins of the Extremely Limited Proof Issue were made. And only 115,999 of the Brilliant Uncirculated Edition was made. This makes both versions valuable to collectors and people who want to invest in precious metals.
Canadian War of 1812 Gold Coins Physical Characteristics
The forepart side of the coin is called the obverse. This is where you can see pictures on coins, like a person’s face. Canadian War of 1812 Gold Coins shows Queen Elizabeth II’s picture in a right face portrait, which is called an obverse. The year of mintage is written on the other side of the coin. The face value is on one side. The design was done by Susanna Blunt.
The tail end of coins is called the “reverse” by people who are passionate about coins. Canadian War of 1812 Gold Coins has a reverse with an eagle to represent the American troops and a lion to symbolize the British military, which was powerful and feared at that time. The eagle is standing up in the sky. There is a lion below it. Between them, there is a military shield with an emblem of Canada’s national symbol on it.
It stands for the merged joint efforts of both English and French-speaking Canadian military participants alongside their local allied First Nation warriors. The latter strove together in valiant efforts to brawl for their ways of life and the shore where they all lived. The reverse side of the coins also has a writing that says “1812-2012” on top and “FINE GOLD 1/4 OZ OR PUR” at the bottom. Cathy Bursey-Sabourin designed this side of the coin.
The specifications for the Canadian War of 1812 Gold Coins are as follows:
- Mass: 7.8 g
- Diameter: 20 mm
- Content: 0.25 troy oz gold
- Purity: 99.99% gold fineness
Canadian War of 1812 Gold Coins Pricing
Canadian War of 1812 Gold Coins has a value of $10 Canadian. They are legal in all the provinces and territories in Canada. You could spend the coins for their value of $10. But if you do, it would be foolish. The coins are worth more than $250 each because they are beautiful and also commemorative coins.
This impressive worth comes almost entirely from the spot gold price as quoted in the U.S. and London, the world gold center. They also enjoy a premium over gold prices based on their collectible features.
These pieces have a real market value because of their intrinsic value. The market price is very important for anyone who wants to include these gems in an investment or retirement portfolio since it determines its value. The value of these pieces of gold depends on what the gold price is. The gold prices go up and down on days that people are allowed to buy and sell things.
Can IRA Accounts Contain Canadian War of 1812 Gold Coins?
Canadian War of 1812 Gold Coins are beautiful coins that many people would like to have in their retirement accounts. They are worth a lot, and many people find them beautiful. If you want to know if coins that have a face value of $5 or more can be included in your retirement account, you will need to speak with the Internal Revenue Service.
The IRS has the ability to decide whether or not your gold pieces will be included in a retirement vehicle. The company looks at all pieces of bullion, and they judge them based on two standards. The standards are how high the gold is in quality (fineness) and how low the collectible premium is.
The Canadian War of 1812 Gold Coins is better than the minimum gold purity standard of .995 fineness. The gold purity levels are amazing, and they are 24 Karat. Strangely, even though many people would call these bullion pieces to be collectible, the IRS does not consider them to be too collectible in nature to be a part of IRAs. The IRS will allow you to buy these coins from your precious metals IRA account. And then you can keep them there, according to their guidelines.
The IRS has strict rules about how long you can keep your IRA at home. Once your administrator gets the order of bullion coins or bars, they must send it to an IRS-approved third-party vaulting facility for storage and maintenance. To open an account with us, you will need to spend $5,000 on approved precious metals.
You can always put in more money in the future if you need to. If you want to, you can put your money into a traditional IRA account. You might also be able to roll over your old IRA account into a self-directed account.
The Canadian War of 1812 Gold Coins is the perfect investment for history buffs and those looking to diversify their portfolio. Whether you’re a collector or an investor, this is one coin that will surely rise in value over time. These gold coins were issued by the Royal Canadian Mint and commemorate the 200th anniversary of Canada’s war with America that ended in victory for the British Empire.