The Royal Canadian Mint (www.mint.ca.) has introduced a new 2024 $50 Gold Maple Leaf 1 oz. bullion coin, entirely sourced from Agnico Eagle’s Detour Lake mine in Ontario.
This coin, struck from 99.99% pure gold, is part of the Mint’s single-source initiative, highlighting its commitment to responsibly sourced gold and ethical mining practices.
“The Royal Canadian Mint is known worldwide for its refining prowess and innovation, as well as its robust environmental, social and governance practices. We are proud to once more showcase the purity and responsibility of our Gold Maple Leaf (GML) bullion coin by partnering with Agnico Eagle’s Detour Lake mine to issue our newest Single Mine GML coin," said Marie Lemay, President and CEO of the Royal Canadian Mint.
The reverse of the Mint’s newest gold coin showcases Walter Ott’s intricate engraving of a Sugar Maple leaf, emblematic of the Maple Leaf series. This design is framed by precisely crafted radial lines. Below, a micro-engraved maple leaf security mark, inscribed with the number "24" under magnification, denotes the coin’s year.
Adjacent, a privy mark of a hand holding a globe signifies the coin’s exclusive single-source origin.
"Agnico Eagle is proud to be a partner of choice as a trusted source of responsibly produced gold for the Royal Canadian Mint’s single-source mined gold bullion coin," said Ammar Al-Joundi, President and CEO of Agnico Eagle Mines. "After one from Meliadine in 2022, this is the second single mine gold bullion coin produced entirely from gold out of an Agnico Eagle operation."
The 2024 $50 Gold Maple Leaf Single Mine Bullion Coin is now available at select Costco stores across Canada, as well as online at www.costco.ca.
It is encapsulated in credit card-style packaging that includes a certificate of purity and authenticity signed by the Mint’s Chief Assayer.
Sharks2th, thanks for posting the golden flowing hair coin. As I was looking at it I was reminded of the first spouse Liberty gold coins. Those never separated from the pack of regular first spouse coins value wise. All the first spouses are all priced about the same . It’s a shame as some were quite nice. It will be interesting to see what this flowing hair does in a few years. I see that the silver Mexican libertads are out. Amazing to see the spread from the sell price to the buy back price on the 2024’s. Very high… Read more »
Agreed on the Spouse Liberties, I really enjoy the classic obverses regardless of values, albeit pretty good with the spot boosts! I’ve got a couple of PF & Unc -70 sets in the coffers.
Here’s a raw one before it was sent in.
PS: back in the day they made quality OGP boxes – Magic Mike approved!
Rick, I got several of the BU bachelor spouses coins. AUs rise has made them a good investment though many still poo poo the series. I loaded up on Jackie’s as a lot did. Eleanor had a nice premium, but now no, as I have always said w AU popping, the non intrinsic value diminishes or goes Aloha…. But, you can get ~~~> The only Seated Liberty GOLD by the USM, Flowing hair…..Bust….so,cool…and the boxes, I got many empty coins in the Safety Deposit box, got lucky and got a larger one, very heavy w Ag bars tho…. Reading a… Read more »
Rick,
If the Mint’s coin prices keep rising as fast as they have been and its individual coin display boxes continue their drop in quality just as quickly, one of Magic Mike “Sold Out – Limited Edition” Mezack’s fast becoming legendary red oak boxes will surely find a place among the Smithsonian’s numismatic treasures.
Guru – I like the 1795 design better than the 1794 and that 1804 is a big leap forward in quality of design. They had to use the 1794 since this was the first and is the celebration anniversary year. I guess they could have used the 220th anniversary of the 1804 and used that design. Maybe we’ll see that one on its 225th anniversary in 2029.
I’m sorry, sharks2th, but I must confess that after several ever more careful readings of your comment I can’t help but feel like I’m trying to compete in a game of three card monte. Between the combination of the three coins’ years of origin and an equal number of possible anniversary dates I have become hopelessly lost in the thickets. Just so you know, I’m taking this as entirely my fault for lacking the wherewithal to reason it out. Now I’ve got a headache.
East Coast Guru,
Can someone explain to me why anyone in his right mind would buy a coin for $400 that as soon as you, so to speak, drive it off the lot is worth only $160. What gives?
Kaiser, good question. One part of the brain is a collector and will blindly over pay for something. The US Mint relies on those folks of which I have fallen victim to many a time. Other part of the brain looks for value in which I also buy bullion and the spread on that between purchase and sell back price is very small. However, who wants to look at a billion coin? Sort of boring. Thus, I end up doing a little bit of both. Human nature.
ECG, Maybe my brain operates differently than yours because I usually buy products that have upside potential at a price that I consider to be reasonable. When I say ‘upside potential’ I don’t mean instantaneously, as a coin flipper would want, but gradually over time. And when I say ‘reasonable’ I mean less than $1000 (way less) for their premium over spot for Au. The mint has taken the value out of most of their items, thus I have yet to purchase any coins from them this year. I don’t disparage anyone for buying what they want regardless of the… Read more »
Craig,
I detect an application of our number one site dictum in this regard:
“Each to his own.”
East Coast Guru,
Thanks for the explanation. I get that you make up for the cost of one (numismatic coin) by taking the savings on the other (bullion). Very astute!
Sorry Kaiser, I didn’t mean to complicate things. They are using the 1794 obverse and reverse for the upcoming Flowing Hair design (230 years later). The 1795 coin Improves on the 1794 design of the original coins. The 1804 dollar improves leaps above those in design and execution on the coin. I was agreeing I like the 1804 design and just suggesting that 2029 would be the 225th anniversary of that coin so it might be a good candidate for a classic remake in 2029.
sharks2th,
Please, you had nothing to be sorry about. The fault was entirely mine, so I still insist on taking the heat for the confusion. Thank you so much for going to the trouble to explain it again in a way I could finally understand; much appreciated!
Chuckles…. I got one a couple years ago. Really li,e the carded Ag coins from RCM. And whe you sell they can confirm content w metal analysis thru the plastic….
John Q. Coinage,
Let me get this straight. A solid gold 1 oz coin in a plastic credit-card-size holder. WTF?
Yes! And while you’re out and about doing a little shopping, pick yourself up a Gold Bar from the Vending Machine, No joke!
http://koreabizwire.com/wp/wp-content/uploads/2022/09/SFPM7WQQYBHBRB4UEXFOTLNELE.jpg
Rick,
Thanks for confirming that; I’m still chuckling about the whole concept!
Speaking of laughs, did you take a good look at what it says on that splendid gold bar vending machine? That’s just short of 1000 per cent gold they’re selling, just about ten times the purity of anyone else’s product.
Less funny but still an odd bit of fun; the price in Korean Won makes no indication of any decimal points, so we can assume their currency is numerically so inflated there is no place for what we would call cents. Awesome!
Well,
Gold stamped with .9999 purity or 9.999 I’ll take either one!
The Swiss like to ID their AU like WGN does. My PAMP bar in plastic below…
Last time I looked S Korea has a super duper economy compared to its cousin to the North!?…
Inflation? I don’t follow our friends over there, maybe they use the same model that our current leader, Mr Ponzi, and Mr Powell enjoy—Print Print Print!!
Rick, I see that’s what the Swiss have stamped on the gold bar itself too. I was never good at math anyway and that’s likely the unique Swiss Alpenhorn variation I keep never hearing about. 😉 Oh, believe me, Rick, I’m fully aware how gangbusters the South Korean economy has been going for years now. My best guess as to why they don’t mind paying thousands of Won for a bowl of soup is that they simply don’t give a hoot. Quite clearly their national pride is in no way damaged by using levels of currency that are ordinarily reserved… Read more »
Hey all, I’d like to pose an “ask” of you all. The next time you get the mints new white plastic envelope with your coins that can easily be crushed – Please go to mint website and choose customer service at bottom – then go to contact us and scroll down until you see an “fill out a contact us form” and you’ll see a way to enter your order number and complain please. We’ve enough plastic in the environment and the cardboard boxes did an excellent job to protect. I know the mint is on a budget and they… Read more »
“Agnico Eagle is proud to be a partner of choice as a trusted source of responsibly
produced gold for the Royal Canadian Mint’s single-source mined gold bullion coin,”
said Ammar Al-Joundi, President and CEO of Agnico Eagle Mines.
Whether or not this is actually a Canadian company, I’m willing to bet dollars to doughnuts you aren’t about to hear this particular gentleman when at home calling out to his wife on the second floor to “Throw me down the stairs my hat, eh!”