99999 Gold Coins
.99999 gold is gold in the most purest form. The Royal Canadian Mint was the first to produce the purest gold coin in 1999; the Canadian $350 99999 Gold Proof Coin. The most well know 99999 gold coin is the Canadian Maple Leaf, commonly known as the 5 9s Maple.
Different Standards of 24 Carat Gold Coins
The original "pure gold" bullion coins were Canadian maples. From their first date of issue in 1979 for four years up to 1982 inclusive, gold maple leaves were made of .999 fine gold (99.9). Only from 1983 onwards were they changed to .9999 (99.99) pure. The difference is only very slight indeed, but we are trying to be pedantically accurate here!
Gold Coins with Varying Gold Contents
The Gold Maple Leaf coin is not th eonly bullion coin over the years that has change its purity of gold.
The Manx nobles have also been made in two different standards, 22 carat gold from 1984 to 1988 inclusive, and .9999 gold from 1994 onwards.
Manx gold crowns have been made in wide variety of sizes and gold alloys, too many to try to analyse here, but most of the one ounce and fractional bullion versions were produced in .9999 gold.
The Britannia gold coin was first minted in 1987 in 22ct gold (.9166). In 2013 they changed to .9999 gold. For a breief perios they also changed their size.
To calculate the carat (or karat) equivalent of .999 gold, simply multiply 24 by .999 = 23.976 carats. Alternatively for .9999 gold; 23.9976.
Visit our other pages on 999 gold and 9999 gold.
Which are Which?
22 Carat Gold Coins
British Britannias Pre 2013
South African Krugerrands
24 Carat Gold Coins
British Britannias Post 2012
Manx Gold Angels (From 1994)
Manx Gold Crowns (Bullion Versions)
Whether you invest in 22ct or the varying purity of 24 carat gold coins, remember that you are still purchasing a try ounce of gold and thus would have the same intrisic value.
In addition British Sovereigns are made of 22 carat gold, and although they predate the concept of a one ounce coin, are an excellent, but often overlooked alternative. Many other, older gold coins were made of .900 gold including French and Swiss, but this does not reduce their value to the investor.
These older coins were originally intended for circulation, and they were made in sizes and weights which suited their original purposes many years ago. Sovereigns were first issued in 1489, and have retained their current format since 1817. There are advantages and disadvantages in buying these "real" coins instead of modern bullion coins.
The minimum accepted standard for gold coins to be treated as VAT free investment gold in the EU is 900 parts per thousand, equivalent to 21.60 carats.
Can't Decide Which To Buy?
Look at our
Complete One Ounce Bullion 7 Coin Collection
Complete Half Ounce Bullion 7 Coin Collection
Complete Quarter Ounce Bullion 7 Coin Collection
Complete Tenth Ounce Bullion 7 Coin Collection
Complete 28 Coin Bullion Collection
Other World Coins
99999 Fine Gold Canadian Maple Leaf