Regarding the below, my interpretation is that the Canada Government,
guarantees that WHEN YOU PURCHASE A MAPLE FROM THEM, it is actually
one ounce of actual gold.
(That strikes me as entirely unremarkable, actually. For instance
"Ford" motor company totally guarantees that the car you buy really
is a car!)
What I thought was meant was:
That if you buy a Maple from ANYONE, in the future (example, I buy an
old one from Jim Ray), the Canada Government then guarantees that it
is one ounce --- ie, even if Jim has shaved it or it has been rubbed
a bit over the years.
(Exactly as the governments guarantee that their money is worth ..
their money!)
In that way, you could buy and sell Maples, as bullion, WITHOUT ASSAYING them.
But -- is that the case?
>> At 5:00 PM -0400 5/15/01, Mark S. Ohberg wrote:
>> >Because the Royal Canadian Mint is well known and advanced, Maple
>> >Leaf Bullion Coins are bought and sold around the world. Every Maple
>> >Leaf coin is guaranteed by the Government of Canada for weight and
>> >purity.
>>
>> is that a fact? -- it seems hard to believe.
>>
>> Can anyone point to where the CAN GOV asserts this is true, on a web
>> site, or anywhere else? Anyway, can anyone supply any verification
>>of this, I'd
>> be fascinated to know.
>>
>> JP
>
>A
>Government Guaranteed - "The Government of Canada produces the Gold
>Maple Leaf and
>guarantees its gold content and purity.
>This guarantee is embodied in the symbol of the country-the maple leaf."
>
>Plus C
>An Act respecting the marking of articles containing precious metals
>http://laws.justice.gc.ca/en/P-19/text.html
>
>Equals This: Because the Gold Canadian Maple Leaf Bullion coin is
>Marked with the
>Gold Canadian Maple Leaf, gold and purity tampering will lead to
>severe penalties
>in accordance to the Royal Canadian Mint and Currency Act and The Canadian
>Financial Administration Act. and is thus guaranteed.
>
>Hope this helps
>
>MSO
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