MegaLeaf Specifications
Technical details and investor-facing facts for the Gold Canadian MegaLeaf, the Royal Canadian Mint's premium gold bullion coin.
Technical Specifications
| Purity | .9999 fine gold (24-karat) |
| Gold Content | 1.5 troy ounces (46.655 grams) |
| Gross Weight | 1.5 troy ounces (46.655 grams) |
| Diameter | Varies by year |
| Thickness | Varies by year |
| Face Value | CAD (Canadian legal tender) |
| Mint | Royal Canadian Mint |
| Finish | Bullion |
| Edge | Reeded |
| IRA Eligible | Yes |
The 24-Karat Purity Advantage
At .9999 fineness (24-karat), the MegaLeaf offers the highest practical purity standard for gold coins.
- -Maximum purity: 99.99% pure gold with only trace amounts of other elements
- -No alloy weight: The gross weight equals the gold content
- -IRS compliance: Exceeds the .995 minimum purity requirement for Precious Metals IRAs
- -Bright yellow color: Pure gold displays its natural bright yellow hue
Learn more about MegaLeaf coins at Monex Knowledge Base
Legal Tender Status
The MegaLeaf is legal tender in Canada with a face value in Canadian dollars. Like all bullion coins, its market value is determined by gold content rather than face value.
Authenticity Assurance
Produced by the Royal Canadian Mint with advanced security features and strict quality controls.
Government Guarantee
Weight and purity backed by the Canadian government and the Royal Canadian Mint's reputation.
Market Recognition
One of the most recognized pure gold bullion coins worldwide, supporting excellent liquidity.
IRA Eligibility
Meets IRS requirements for Precious Metals IRAs with purity exceeding the .995 minimum.
IRA Eligibility Considerations
Gold Canadian MegaLeaf coins qualify for inclusion in a Precious Metals IRA (Self-Directed IRA). Key considerations:
- ✓.9999 purity exceeds the IRS minimum of .995 for gold
- ✓Produced by an approved national mint (Royal Canadian Mint)
- ✓Must be held by an IRS-approved custodian and depository
- ✓Cannot be stored at home for IRA purposes
Note: This is general information, not tax or investment advice. Consult a qualified tax professional or IRA custodian for guidance specific to your situation.
Understanding Premium Drivers
MegaLeaf coins trade at a premium above the spot price of gold. Factors that influence premiums include:
Minting Costs
Royal Canadian Mint production, security features, quality control, and distribution expenses.
Dealer Margins
Wholesale and retail markups that fund dealer operations.
Supply & Demand
Market demand and available inventory affect premium levels.
Market Conditions
Economic uncertainty, inflation concerns, and safe-haven demand can increase premiums.
Product Recognition
The MegaLeaf's global recognition and purity standard support competitive spreads.
View current MegaLeaf pricing at Monex Price Charts
Frequently Asked Questions
What is the purity of the Gold Canadian MegaLeaf?
The Gold Canadian MegaLeaf is .9999 fine gold, meaning it is 24-karat pure gold. This is the highest practical purity standard for gold coins, with only trace amounts of other elements. The Royal Canadian Mint pioneered this purity level in gold bullion coins.
How much gold is in a MegaLeaf coin?
The Gold Canadian MegaLeaf contains 1.5 troy ounces (46.655 grams) of pure gold. Because the coin is .9999 pure, the gross weight equals the gold content - there's no added alloy weight like in 22-karat coins.
Does the MegaLeaf have a face value?
Yes, the Gold Canadian MegaLeaf is legal tender in Canada with a face value in Canadian dollars. However, like all bullion coins, its actual market value is based on its gold content and current gold prices, which far exceeds the face value.
Can I hold MegaLeaf coins in an IRA?
Yes, Gold Canadian MegaLeaf coins meet IRS requirements for inclusion in a Precious Metals IRA. The .9999 purity exceeds the IRS minimum fineness requirement of .995 for gold. You'll need a qualified custodian and approved depository to hold IRA-owned coins.
Why does the MegaLeaf have a premium over spot price?
Premiums reflect minting costs, dealer margins, and supply/demand dynamics. The MegaLeaf's premium accounts for Royal Canadian Mint production costs, advanced security features, distribution, and its status as one of the world's purest gold bullion coins. Premiums vary based on market conditions.
How does the MegaLeaf compare to the Gold Eagle in purity?
The MegaLeaf (.9999) is purer than the Gold Eagle (.9167). The MegaLeaf is 24-karat pure gold while the Eagle is 22-karat gold alloyed with copper and silver. Both are excellent coins; the choice depends on whether you prioritize maximum purity or the durability of an alloy.
What affects MegaLeaf premiums?
Key premium drivers include: mint production capacity, dealer inventory levels, overall demand for physical gold, the coin's recognition and liquidity, and broader precious metals market conditions. MegaLeaf premiums are competitive with other major government bullion coins.
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