Why does it say “50 Dollars” on a GOLD Coin?
A friend of mine just showed me her 1oz. Gold Maple 9999 Fine Gold and it says "50 DOLLARS" on it, but she says she bought it for 00.
And on her 1oz SILVER Maple 9999 Fine Silver it says "5 DOLLARS", but she bought it for around .
What is the Royal Canadian Mint not telling us?
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So that people would be more likely to accept it when trading with people. But it in no way reflects the content value of the coin.
They are saying that people prefer to buy gold and silver coins that have a fictitious value stamped on them than coins that do not. A couple of decades ago the U S minted gold coins that did not have a value on them. People did not want to buy them. They went begging usually for less than the value of their gold content. When the have a value stamped on them, people are willing to pay more than their gold and silver content. Strange isn’t it?
I have a 2005 us eagle (silver) that says one dollar on it. Yet I paid 15 - 16 dollars for it. A coin is worth it’s gold or silver content. And not what is written on the coin.
What is it you THINK they are not telling you??
The denomination and year make it a coin, and the denomination is set way below bullion value to prevent any kind of "run" on the coins if the bullion value ever became less than the face value. I hope that helps.