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<p>[QUOTE=&quot;WingedLiberty, post: 1008739, member: 26030&quot;]i was wondering today ... why is it that the denomination stamped on the 1oz AGE gold coin is $50?</p><p><br /></p><p>nobody is ever going to spend the coin for $50 face value.</p><p><br /></p><p>why not stamp $500 or $1000 on the coin?</p><p><br /></p><p>wouldnt it be interesting if they did stamp $1000 on the coin ... and then gold fell to $950 an ounce ... people might start spending them as legal tender ...</p><p>almost taking us back to a gold standard for currency.</p><p><br /></p><p>it&#039;s sort of amazing how close we are getting back to that point ... all it would take is the US Govt stamping a higher face value on the coin</p><p><br /></p><p>i suppose in the old days ... the coins had a melt value of close to it&#039;s face value ... for example for many many years gold was $20 an ounce ... and that was roughly the amt of gold in a $20 gold piece.[/QUOTE]</p><p><br /></p>

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