Q:

Are gold coins expensive in Canada?

A:

Quick Answer

Canadian Gold Leaf 24-karat coins are considered the standard bullion coin for buying and selling in international markets making them extremely common and priced near the gold spot price in Canada. In the United States, the 22-karat American Eagle is considered the standard. Both coins are 1 ounce of gold.

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Full Answer

The current price of gold is listed as the gold spot price. In many instances buyers can purchase either gold coin at prices a few dollars above the current gold spot price, but it is also common for the coins price to include a $30 to $40 premium above the spot price. The Canadian Mint sells gold coins directly online at Mint.ca with prices roughly double the current spot price, which is a significant premium.

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