Why does 1 oz gold coin say $50?
1 oz Gold American Eagle $50 Coin BU (Random Year)
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Open Aug 28, 2024 - 12:44 PM
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Answer
Aug 28, 2024 - 12:44 PM
The $50 denomination on a 1 oz gold coin, such as the American Gold Eagle, is a legal face value set by the U.S. Mint. This face value is symbolic and significantly lower than the coin's actual market value, which is based on the current price of gold.
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