Cryptocurrency Q&A
Why are gold coins worth $50 & not more?
Why are gold coins worth $50 & not more?
Eleonora
Sat Dec 21 2024
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6
answers
1543
I'm curious about the value of gold coins. Why is it that they are only worth $50 and not more? I would expect them to be priced higher given that gold is a precious metal.
6 answers
Maria
Mon Dec 23 2024
The value of one ounce $800 gold coins is currently $51. 2. This is despite the fact that they contain a significant amount of gold.
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CryptoTamer
Mon Dec 23 2024
The reason for this discrepancy is related to how the coins were originally minted.
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DaeguDivaDance
Mon Dec 23 2024
If the mint had assigned them a higher value, their circulation would have been different.
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noah_doe_writer
Mon Dec 23 2024
Specifically, they might have been used in commerce when the gold value decreased.
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EthereumLegendGuard
Sun Dec 22 2024
This would have led to them being worn down and losing their intrinsic value.
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