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I'm super excited about today's article because it's destined to become a Gold Why classic! While some
of my recent articles have taken a new and exciting direction such as the
Gold Why Newsletter and the
Gold Why Giveaway, this one is sure to
remind you of some of my older articles such as the one about
Johnson Matthey gold bars. As you
may know, I'm just about the biggest proponent of
fractional gold coins there is. Today,
I purchased my very first 1/20 Gold Canadian Maple Leaf from my local coin shop. I'm very
excited to discuss my personal experience today.
1/20 Gold Bullion Coins Are Accessible
I've talked about all types of
fractional gold coins over the years.
Some examples include my: 1/10 Ounce Gold American Eagle,
1/10 Oz Gold Panda,
1/10 Oz Gold Monkey,
1/4 Oz Gold Maple Leaf,
and 1/2 Ounce Gold Krugerrand.
I love fractional gold bullion coins because they are accessible. With the
price of gold reaching new highs daily,
I'm now excited to be collecting 1/20 ounce gold bullion coins. 1/20 Ounce gold bullion coins
are accessible, making them very desirable to investors and collectors. While this is my first
twentieth ounce gold bullion coin, it will definitely not be my last. I don't have too many funds
available to buy gold coins these days but can definitely afford a twentieth ounce gold coin once in
a while. This is the perfect coin for smaller investors like myself. However, even if you're a larger
investor, I still think this is a great coin because it's more accessible making it more desirable
on the resale market (in my opinion).
My 1/20 Gold Canadian Maple Leaf
As you can see in the pictures throughout this article, this is an absolutely beautiful coin. If you've
been visiting Gold Why for a while, you know that the Canadian
Gold Maple Leaf is my favorite gold bullion
coin. I'm a huge fan of this coin because it's 24 karat gold and shines like none other. The texture and finish
on the coin are hard to beat. I'm a big fan of all gold bullion coins, but this one stands out as my
absolute favorite. For that reason alone, this is my favorite twentieth ounce gold bullion coin.
More Details About My Twentieth Oz Gold Coin
Just like the other variations of the Gold Canadian Maple Leaf, this coin comes in a nice protective
plastic sleeve which I can really appreciate because 24 karat gold is a soft metal. It's a very small
coin for sure, but you can still totally appreciate its beauty. The obverse of the coin has a picture
of Queen Elizabeth II and is denominated as only 1 dollar. My particular 1/20 oz gold coin is
from 2004. The obverse of my coin has a picture of the maple leaf, says Canada, 9999, and last,
"Fine Gold 1/20 Oz Or Pur". It's a really slick coin!
My Experience Purchasing This 1/20 Ounce Gold Canadian Maple Leaf Coin
My experience was pretty simple. I visited my local coin shop today to actually pick up a few Silver
American Eagles for the Gold Why Giveaway.
As a gold bullion addict, it's impossible for me to visit the coin shop without buying a few coins.
I noticed this beautiful 1/20 ounce gold bullion coin sitting in the case and just had to have
it! I paid $85 for this coin. With the price of gold around $1,115, it's actually worth about $56.
$85 - $56 is a $29 markup (or 52 percent). I'll be the first person to tell you: I didn't get a great
deal. However, as mentioned earlier this is my first twentieth ounce gold coin. For that reason, I was
comfortable paying a little more. Moreover, fractional gold bullion coins always cost more.
You pay a premium for the convenience and accessibility of small fractional gold coins. That said,
next time I'd probably pass unless I could get a better price. In my opinion, the $65 - $75 range is
a more reasonable price given the current price of gold of $1,115 per troy ounce. Overall, I must say
that I'm happy that I picked up this coin and I'm proud to add it to my collection. If you're looking
to diversify a bit into fractional gold coins, make sure to check out this one!
Buy 1/20 Oz Gold Maple Leaf Coins on eBay
More Pictures of My 1/20 Ounce Gold Canadian Maple Leaf Coin
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