Canadian Palladium Maple Leaf facts for kids
Canada | |
Value | 50 Canadian dollars (face value only) |
---|---|
Mass | 31.110 g (1.00 troy oz) |
Diameter | 34 mm |
Edge | Serrated |
Composition | 99.95% Pd |
Obverse | |
Design | Queen Elizabeth II |
Reverse | |
Design | Maple Leaf |
The Canadian Palladium Maple Leaf is a special coin from Canada. It is made of a rare metal called palladium. The Royal Canadian Mint makes these coins. They are very pure, with 99.95% palladium.
These coins are considered "legal tender" in Canada. This means you could use them to buy things, like regular money. However, their "face value" (the number printed on the coin, like 50 Canadian dollars) is much lower than the actual value of the palladium metal inside. People usually buy these coins for their metal value, not to spend them.
Contents
What is the Canadian Palladium Maple Leaf?
The Canadian Palladium Maple Leaf is an official bullion coin. A bullion coin is made from a precious metal, like gold, silver, or palladium. These coins are often bought by people who want to invest in precious metals. They are valued for the amount of metal they contain, not for their face value.
Why is Palladium Special?
Palladium is a shiny, silver-white metal. It is part of the platinum group of metals. Palladium is rare and valuable. It is used in many industries, especially in car parts to reduce pollution. It is also used in jewelry and dentistry.
When Were Palladium Maple Leaf Coins First Made?
The first Palladium Maple Leaf coins were made in November 2005. They were the newest addition to Canada's famous Maple Leaf coin family. The Royal Canadian Mint was the first government mint to produce a palladium bullion coin.
History of Production
- The Royal Canadian Mint made these coins from 2005 to 2007.
- They were also produced for one year in 2009.
- The coins were brought back in 2015.
- Since 2015, they have been made every year.
See also
- Canadian Gold Maple Leaf
- Canadian Silver Maple Leaf
- Canadian Platinum Maple Leaf
- American Palladium Eagle
- Palladium as an investment