Only $50

Well, duh. It is the most ductile metal.

 

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i have always thought the same . like as 1 ounce round bullion coins with 1 or 2 dollar face value>>???

 

wow, what a deal, lol wonder how many got suckered in to these...lol

 

Touchette. I think an exception should be made due to inflation. I remember when the saying the Pledge of Allegiance was tradition.

 

No I questioned that myself.. That's sitting on the counterfeit fence IMO.

 

I find this to only reinforce my senses of smell. Smell test failed.

 

Likely a stupid question, but are these even legal tender...I mean, as commemorative issues, are they legal tender...? Bet you couldn't walk into a store and get the average clerk/most clerks to honor it for face value to purchase something. I'm wondering if the $20-$50-$100 denominations/designations aren't more for show/appearance than for anything official, legal tender, etc...I suppose in yesteryears past of circulating gold coinage it meant something, but not sure about nowadays...I really don't know.

 

Yup. good for 41 items + tax at your local 99cent store. I guess they could refuse which would be unlawful and dumb.

 

They ARE legal tender, technically. But no one ever intended them to circulate at face value.
I don't think it matters at all what face value they put on them. It's GOLD!

 

I think it matters because if gold ever becomes worthless for whatever reason your coin is only worth $50 That's like saying "buy me at your own risk". Not very faithful of our treasury IMO.

 

It’s stupid if you think about it face value
for a 1OZ Platinum eagle is $100 1OZ
Gold is $50 but yet isn’t almost double
the price…LOL

 

Yes they are legal tender, that’s why they have a value on them. Try and spend one that’s is if you can find a business that will accept it. lol

 

Yea, it's pretty apparent that the face value has absolutley nothing to do with the content. It goes for most coins. Remember when a penny was actually worth a penny. It may have been the first time in history that a tender coin was actually worth what it said. It didn't last long.

 

Wow, missed a thread about nothing. Reminds me of the good old days of Seinfeld.

Governments put a legal tender value low enough on all of these items so it will never be an economic issue. Everyone learned a long time ago coin collectors want coins, not bullion rounds. They will pay more for items legally coins than not, so they put a legal tender denomination on them ONLY for this purpose. I hope those buying modern issues from APMEX and the like are aware of many of the new issues legally are NOT coins, and will most likely be worth less than a coin in the future.

That is it. No one is predicting PM will plummet, no one is making a statement of the stability of their money supply, or anything else other than putting A denomination on these things so coin collectors will pay more for them. Look at the gold art rounds the US sold in the late 70's and early 80s, and their horrible sales, versus gold eagles, and it will prove my point.

 

Well we know there is spending money and then there is a special money that has been created "paid for by you" to meet the demands of a demand and surely not just to capitalize on it, HAHA. The laws do not distinguish the difference between the two though and I personally do not like grey areas when it comes to Gov. Especially $$$.

 

This is a silly argument. The government doesn't have to guarantee the value of an ounce of gold. Why would it? The face value of the coin is nominal; it means nothing.

 

Well if it means nothing then it's silly is that they can't put a meaningless denomination of at least $500, would they really have to charge more for a coin that is already being sold at 5,600% above the face value?

 

You know it means nothing. Why ask "if?" You're just making a case for another zero on the face of the coin. It doesn't mean anything at all. Who cares if they put $50 or $500 on the coin? It doesn't change anything. The only purpose served by putting a value on them is so they can be called legal tender.

 

They already screwed up to begin with. It should have been a double eagle, or $20 from the beginning. You do know they started making these gold coins in 1986? For many years it WAS worth less than $500 to respond to your suggestion. No government wants these NCLT items to ever circulate, or that would eat into profits. Therefore, like I said before, they put a meaningless low value on them. You must be the only one I have ever heard upset by the stated denomination. It is only there to legally make it a coin. It could be 10 cents for all collectors care about.

 

You both must really hate the five-ounce silver ATB rounds, clearly marked QUARTER DOLLAR on the obverse...