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Canada's platinum bullion coin, launched in 1988 in the same year as the Silver Maple Leaf and one of the very first sovereign 1 oz platinum coins. Legal tender at $50 CAD, struck in .9995 fine platinum, and issued in fractional sizes down to 1/20 oz during its first run. Production paused after 2002 as platinum demand faded, then resumed with the 1 oz coin in 2009; it has been struck most years since and is the most widely traded platinum coin after the American Platinum Eagle.
Canadian Platinum Maple Leaf melt value tracks platinum spot price directly — this chart is the same live platinum price used to calculate the melt value above, so you can see the trend behind today's number.
What is actually struck on each face, and who designed it.
Effigy of the reigning monarch — Queen Elizabeth II through 2023 (three successive portraits over the series), King Charles III from 2024 — with the legend, "50 DOLLARS" and the date.
Walter Ott's single sugar maple leaf, the same emblem used across the Gold, Silver and Palladium Maple Leafs, with "CANADA" above and "9995 FINE PLATINUM 1 OZ PLATINE PUR" below on a radial-line field.
The Royal Canadian Mint added platinum and silver to its Maple Leaf programme in 1988, nine years after the Gold Maple Leaf debuted. The platinum coin used the Mint's .9995 standard from the start and was offered in 1 oz, 1/2 oz, 1/4 oz, 1/10 oz and, from 1993, 1/20 oz sizes — the broadest range of any platinum bullion coin of its era.
With platinum demand from investors thin in the early 2000s, the Mint stopped striking the coin after 2002. It returned in 2009 as a 1 oz-only issue with an updated effigy, and has been produced in most years since, which is why dealers list it as 'random year': older and newer coins share the same specification and trade at the same premium.
Both coins are 1 oz of .9995 platinum; the Maple Leaf is smaller in diameter (30 mm vs 32.7 mm) and thicker. Premiums are usually a little lower than the Eagle's outside the US and a little higher inside it, so the better buy depends on where you are selling as much as where you are buying.
About the Canadian Platinum Maple Leaf
At the current platinum spot price of $1,778.60/oz, the melt value of a Canadian Platinum Maple Leaf (1 troy oz, .9995 fine platinum) is approximately $1,778.60. This updates continuously with the spot price above — sellers on the marketplace typically price above melt value, since the premium covers minting, distribution, and dealer margin.
Melt value is the raw metal content only — what you'd get scrapping the coin. The premium above it pays for minting, distribution, and dealer margin, and on this marketplace specifically, it's set by each individual seller rather than one company's price list, so it's worth comparing a few listings rather than buying the first one you see.
Like any commodity, platinum trades on global supply and demand — mine output and recycling on the supply side, industrial use, jewelry, and investment buying on the demand side. Short-term moves are usually driven by macro factors: interest rates, currency strength, and how much uncertainty investors are pricing into markets generally.
Government-minted bullion coins like this one are legal tender, widely recognized, and easy to resell — that recognition is usually worth the modest premium over generic rounds or bars of the same weight. For buyers who want to add to a physical position gradually, one-ounce coins are also just a convenient, liquid unit size.
This page shows melt value — spot price times pure metal content, recalculated on every page load. Individual seller listings add their own premium on top, and that premium (not the melt value) is what actually varies between sellers, so it's normal for listing prices below to sit above the number at the top of this page.
Melt value at the same live platinum spot price of $1,778.60/oz.
