Canadian Platinum Maple Leaf Bullion Coins
June 16, 2009
1-oz Canadian Platinum Maple Leaf coins
are now available. The U.S. Mint has not made any Platinum Eagles
for 2009.
Canadian Platinum Maple Leaf bullion coins were readily accepted right along wit
American Platinum Eagle bullion coins when interest in platinum coins heated up in the late 1990s. However, as
platinum prices soared above $2,000 in 2007, platinum investors backed away
from the market.
Actually, many investors who had bought when platinum prices were lower
became sellers. As a result, few backdated
platinum bullion coins from any mint are
available today. When backdated platinum coins are available, they
usually sell at lower prices than current year coins.
When platinum bullion coin investors want to
buy platinum, CMIGS obtains
a live price for platinum to give investors up-to-the-second prices.
The minimum order for platinum is ten ounces. Prices for platinum
coins are obtained by adding to the Mint's price a wholesaler's markup and
CMIGS' markup. The retail prices for platinum products run in the 7%
range, depending on quantity. Purchasers of large quantities buy at
lower prices than buyers of small quantities.
Fractional-ounce Platinum Maple Leafs are not yet being minted. When
they are, prices on a per-ounce basis will be much higher than for 1-oz
coins.
The Royal Canadian Mint ships 1-oz Platinum Maple Leafs in tubes, ten
coins to a tube. Backdated Platinum Maple Leafs, and backdated coins from other mints,
often are packaged in vinyl sleeves.
Maple Leafs are .9995 fine, are legal tender, and sell at prices that reflect the value of their platinum content, not their face values.
As noted here, CMIGS has 1-oz Platinum Maple Leafs for sale. At times, we have other forms of platinum for sale. If you would like to know which platinum bullion coins for sale we have, give us a call.
