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Design date. 1988 (2014) The Canadian Silver Maple Leaf is a silver bullion coin that is issued annually by the Government of Canada since 1988. It is produced by the Royal Canadian Mint . The Silver Maple Leaf is legal tender. The face value is 5 Canadian dollars. The market value of the metal varies, depending on the spot price of silver.
The Royal Canadian Mint's 1-ounce gold maple leaf coin was launched in 1979, and the 1-ounce silver maple leaf and 1-ounce platinum maple leaf coins were launched in 1988. In May 2007, the Mint produced the world's first and only 99.999% pure gold maple leaf bullion (GML) coins.
In August 2020, the gold price picked up to US$2060 per ounce after a total growth of 59% from August 2018 to October 2020, a period during which it outplaced the Nasdaq total return of 54%. Gold futures are traded on the COMEX exchange. These contacts are priced in USD per troy ounce (1 troy ounce = 31.1034768 grams).
Troy ounce is a traditional unit of gold weight. Troy weight is a system of units of mass that originated in 15th-century Kingdom of England [1] and is primarily used in the precious metals industry. The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 pennyweights), and the troy pound (12 troy ounces).
A 2007 one-ounce gold coin with a silver ring. A 2011 one-ounce with the ring made of gold and the center platinum. A two-ounce silver coin was produced in 2017 and 2018 with 999 minted each year. The 2015 silver coin had gilding applied to the Angel side of the coin and the 2017 silver coin had gilded highlights. Each year, the 1 ⁄ 20-ounce ...
For example, 1 troy ounce of 18 karat gold (which is 75% gold) may be said to have a fine weight of 0.75 troy ounces. Most modern government-issued bullion coins specify their fine weight. For example, the American Gold Eagle is embossed One Oz. Fine Gold and weighs 1.091 troy oz. Troy mass of silver content
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