why are american gold eagle coins worth 50$?

The face value a government places on a coin is the government's guarantee that the coin will never be worth less than that amount - inflation and devaluation issues aside. Precious metals, whose prices are subject to wide fluctuations, are no longer used as everyday trading coinage; their usage is limited to bullion or collector coins. Either way, they still need to have a government-set 'floor' price. This is an arbitrary number with little relation to the content value. Example: The US has issued gold coins with a face value of $5 in 1/10th ounce (Gold Eagles) and 1/4 oz (commemorative collector coins).

Any jeweler could be waiting to tell you if that's actual. There are a minimum of three undemanding approaches to cost the coin. One is the face fee, $50. of direction, the face fee is symbolic and not meant for use as legal gentle. (you would be stupid to apply the coin as distant places money to purchase some thing.) the 2d thank you to cost it fairly is by using the burden of the gold itself. A a million-oz..gold coin is rather a million Troy ounce, or 31.1035 grams of gold, no longer 28.3495 grams, as in a widespread ounce. you could fee it by using observing in the present day's gold commodity fees, which in the present day is $29.sixty seven in line with gram. in this foundation, the gold could be fairly worth $922.80 4. Is is likewise beside the point, on the grounds which you would be violating American regulations by using melting down such distant places money. The third thank you to cost the coin is on its figuring out to purchase and promoting fee to creditors. it fairly is the main rational thank you to cost it, and the optimum of the three. creditors will pay you a minimum of what the gold is fairly worth. you will discover some presently carried out auctions for this coin on eBay that fetched between $925 to $960.

They have a face value of $50 because lots of collectors only collect legal tender coins. If it didn'y have a face value it woould be a medallion or something and not nearly as desirable.

Nobody can get them for $50. They sell for a reasonably small premium over their bullion value.