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Costco Adds Canadian Maple Leaf Coins to their Lineup

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The large, big-box, members only retailer best known for bulk household goods has added silver and gold coins from the Royal Canadian Mint to their product lines as more investors stock up on precious metals.

Recently, Costco began offering Mint Tubes of Canadian Silver Maple Leaf coins, not long after the retailer began limited offerings of the 1 oz Gold Maple Leaf coin.

Enthusiasm by investors on social media shows a positive response to this trend, with many only posts expressing excitement over the convenience of bringing home investment-grade silver and gold to their, alongside oversized packs of toilet paper, laundry detergent and other household items.

Purchasing precious metals from Costco is only to their members and more than 32 million people can enjoy earning an automatic 2% cash back on club purchases. Additionally, credit cards rewards can offset any premiums further, with many credit card offers available that include an additional 1 to 2%.

With recent spot prices, the average price of a Tube of Maple Leaf coins is around $650, getting 4% in cash back rewards helps to offset the premiums that come along with buying precious metals online.

The 1 oz Silver Maple Leaf coin, introduced in 1988, embodies the Mint’s dedication to quality and innovation. Each coin contains .9999 fine silver, making it one of the purest silver coins available on the market. This commitment to purity, coupled with the coin’s iconic design, has cemented the Silver Maple Leaf’s status as one of the world’s most sought-after silver bullion coins.

The Royal Canadian Mint’s 1 oz Silver Maple Leaf coins stand as a testament to Canada’s rich tradition in silver craftsmanship and minting excellence. These coins are sought after for their purity, intricate design, and historical lineage.

Costco’s decision to sell precious metals is being viewed as a strategic way to tap into niche markets while exposing precious metals as store of value and wealth to their diverse customer base.

Costco’s venture into precious metals is also helping to set a new retail trend that blurs the lines between everyday shopping and investing. Shopping at Costco for Maple Leaf coins helps to bring awareness to a whole new class of investors who are poised to learn more and gain a better understanding of investment-grade silver.

While reactions on social media are mixed, with many traditional investors balking at the trend, this move undoubtedly positions Costco as a pioneer in integrating investment options into a traditional retail environment. After experimenting with selling American Silver Eagles, it seems clear that the decision to expand the available products is something that resonates with the majority of its membership base.

The coins are available for sale online only at random times. When they are available, they are limited to 2 tubes per member and they sell out typically within an hour.

References:

Costco Product Page

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Investing in Canadian Silver Maple Leaf Coins

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Canadian Silver Maple Leaf Coins

The Canadian Silver Maple Leaf coin is a pure silver bullion coin featuring .9999 fine silver with a beautiful design. Investors and collectors around the world seek out the Silver Maple Leaf due to its high quality and global recognition.

The Maple Leaf coin was first minted in a gold bullion version in 1979 by The Royal Canadian Mint.
Minting of the silver version of the Maple Leaf coin began in 1988.

Silver Maple Leaf Coin Specifications:

  • Each silver maple leaf coin contains one full ounce of pure silver
  • It has a certified purity of .9999 fine silver
  • Its diameter measures 38.0 mm
  • It has a thickness of 3.29 mm
  • The obverse of the coin features a sculpture of Her Majesty, Queen Elizabeth II
  • The coins reverse displays a maple leaf, which is Canada’s national symbol
  • It carries a face value of $5.00 Canadian dollars

The profile effigy of Queen Elizabeth II that is featured on the 2019 Canadian Silver Maple Leaf coin was designed by Susan Blunt.

Reasons to Buy Canadian Silver Maple Leafs

Silver Maple Leaf Coins make a great investment for anyone looking to diversify with precious metals. The coin’s purity, global recognition, low premiums and backing by the sovereign government of Canada are all reasons that investor demand for Silver Canadian Maple Leaf coins is high.

The Canadian Silver Maple Leaf makes a fine addition to any collection or investment portfolio.

Whether you’re in the market for a few or an entire Monster Box, shopping around to multiple dealers is the best way to find the most competitive prices.

Wading through all the places to buy Silver Maple Leaf Coins is a challenge. Instead, begin by browsing FindBullionPrices.com to find the best Silver Maple Leaf prices from trusted and reputable online bullion dealers. Chances are that at least one or more will suit your needs.

Cheapest Silver Maple Leaf Coins

When you buy Canadian Silver Maple Leaf coins it is important to pay the lowest possible price for your investment. Many Silver Maple Leafs are prone to a condition called “Milk Spotting”, particularly coins minted prior to 2018.

Milk Spotting occurs as a result of the minting process in which the bullion coins are rinsed using a special cleaning agent. Residue left on the coins can cause a whitish, milky looking haze to develop on the faces of the coin over time.

Milk spots on Canadian Silver Maple Leaf coins can be troubling for investors that buy numismatic coins. However, the majority of Silver Maple Leafs are bullion coins which have only intrinsic value due to their silver content. Milk Spots on bullion coins to do effect their intrinsic value.

Smart investors looking to buy the cheapest Canadian Silver Maple Leaf coins will find that the best prices can be found with secondary market coins that may have milk spots, tarnish or be in cull condition.

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Where to buy Cheap Canadian Silver Maple Leaf Coins?

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Canadian Silver Maple Leaf coins make a great investment for any precious metals portfolio. Silver Maple Leaf coins are minted from .9999 (four nines) pure fine silver, making them one of the purest silver bullion coins produced in the world.

The design of the Canadian Silver Maple Leaf coin features a national symbol of Canada, the glorious maple leaf on one side, and a profile of Queen Elizabeth on the other.

Silver Maple Leafs are minted by the Royal Canadian Mint and are backed by the sovereign government of Canada for their purity and quality.

A common issue with Silver Maple Leaf Coins, as well as other silver coins issues by the Royal Canadian Mint, has been that over time the coins can develop a milky sheen on the surface. The milky sheen can be just some small spots or can cover the coin entirely.

What causes milk spots on Silver Maple Leaf Coins?

The milk spots that have appeared on Canadian Silver Maple Leaf Coins has been often blamed on the rinsing solution that has been used during the minting process.

To combat the problem of milk-spots developing on Silver Maple Leafs, the Royal Canadian Mint introduced “MintShield” technology on bullion coins produced from 2018 onward.

MintShield is a unique production process developed to reduce the occurrence of white milky spots from developing over time. The process is applied to coins during the minting process. It is invisible to the naked eye and has no impact on the purity or composition of the Silver Maple Leaf Coins.

Milk spots, while not aesthetically pleasing, have little to no impact on the value of the silver bullion.

On the secondary market, buying Canadian Silver Maple Leaf coins that have milk spots represents an investment opportunity. Milk spotted Silver Maple Leaf coins are often sold by bullion dealers at a discount.

You can buy Silver Maple Leaf Coins with Milk Spots from online bullion dealers. Sometimes these are listed in the product description as milk spotted, circulated or cull Maple Leafs. Coins with milk spots will usually be the cheapest way to buy Silver Maple Leaf coins.

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Canadian Gold Maple Leaf Coins

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Canadian Gold Maple Leaf coins debuted in 1979 with .999 pure gold content. Several years later they were enhanced beginning in November 1982 to include .9999 pure gold.

At times, the Royal Canadian Mint has even achieved .99999 pure gold content in its Canadian Gold Maple Leaf coins. Each Canadian Gold Maple Leaf coin is available in 1 oz, ½ oz, ¼ oz, 1/10 oz, 1/20 oz, and now 1 Gram. The coins have face values according to their fractional weight, based upon the $50 (CAD) value of the 1 oz. coin.

Gold Maple Leaf bullion coins are a popular way to invest in Gold. Many investors consider the Canadian Maple Leaf to be one of the world’s most beautiful and one of the most recognizable Gold coins. The obverse of the Gold Maple Leaf features a silhouette portrait of Queen Elizabeth II. The reverse of these Canadian Gold coins depicts the iconic Canadian maple leaf, a national symbol of Canada. Each Maple Leaf Gold coin is legal Canadian tender guaranteed by the government of Canada for its weight and purity.

How much is a Canadian 1 oz Gold Maple Leaf Coin Worth?

The Canadian 1 oz Gold Maple Leaf coin is produced by the Royal Canadian Mint annually. The coin carries a face value of $50 CAD. The mintage numbers for the regular edition of the coin are typically over one million.

The Mint has produced a number of special edition Gold Maple Leaf Coins that have limited mintages which have gained interest of collectors and have appreciated in value based on their collectability and rarity.

A typical Canadian Gold Maple Leaf 1 oz Coin maintains it’s value relative to the gold spot price. You can typical buy Random Year Canadian Gold Maple Leaf 1 oz Coins from online bullion dealers for around 2% over the gold spot price.

When you’re ready to sell many dealers will buy Gold Maple Leaf coins from you for around gold spot price. Typically, a 1 oz Gold Maple Leaf Coin is worth gold spot price.