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Our current coins in regular circulation are basically worthless in terms of metal content. On the other hand, US Mint-produced $50 gold eagles contain ~$1,800
by Ancapistani 5y ago
Our current coins in regular circulation are basically worthless in terms of metal content. On the other hand, US Mint-produced $50 gold eagles contain ~$1,800 of gold.
Political opinions aside, it seems obvious to me that the value of the metal content of US coinage is unrelated to the face value.
- GDC7 5y agoNobody cares about 1$ coins, people would care about a 1T$ coin.
- JadeNB 5y ago> Our current coins in regular circulation are basically worthless in terms of metal content. On the other hand, US Mint-produced $50 gold eagles contain ~$1,800 of gold. That sounded so ludicrous that I thought you must be mistaken or exaggerating, but, as with all things currency-related, I think it's impossible to out-absurd the reality. https://en.wikipedia.org/wiki/American_Gold_Eagle#Value https://en.wikipedia.org/wiki/American_Gold_Eagle#Value