Canadian Platinum Maple Leaf Bullion Coins
Canadian Platinum Maple Leaf Bullion coins were readily accepted right along with American Platinum Eagle bullion coins when interest in platinum coins heated up in the late 1990s. However, as was the case with Platinum Eagle bullion coins, the high price of platinum effectively destroyed investor interest in Platinum Maple Leaf bullion coins. Today, it is difficult even to find current year Platinum Maple Leaf bullion coins, despite Platinum Maple Leafs being one of the three major platinum bullion coins.
When platinum bullion coin investors want platinum, CMIGS has to call the wholesalers with which we do business to find out which coins are available. Often, if an investor buys as few as ten ounces of platinum, we may have to fill the order with a mix of backdated Platinum Eagles, Platinum Koalas, and Platinum Maple Leafs. At times, we have been offered fractional-ounce platinum coins at the same prices as 1-oz platinum coins.
Platinum Maple Leafs come in tubes from the Royal Canadian Mint. Platinum buyers who buy small quantities will probably receive their Platinum Maple Leafs 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.
The Retail Premiums column in the table below shows Platinum Maple Leaf markups over spot for current year coins, when they were being imported through Royal Canadian Mint distributors. Investors (more likely collectors) wanting current year Platinum Maple Leaf coins may have to pay still higher premiums, if the coins can be found.
If you would like to know more about Platinum bullion investments, Platinum investing, Platinum coin investments or prices, give us a call.
