Cryptocurrency Q&A Why does gold coin say $50?

Why does gold coin say $50?

ethan_lewis_journalist ethan_lewis_journalist Thu Nov 28 2024 | 6 answers 1457
I have a gold coin in my hand, and it's inscribed with a '$50' on it. I'm wondering why it says $50. Is it because the coin is worth $50? Or is there some other reason behind this inscription? Why does gold coin say $50?

6 answers

ZenHarmony ZenHarmony Fri Nov 29 2024
These coins are issued as "Gold Dollars," giving them a unique status compared to standard bullion.

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Bianca Bianca Fri Nov 29 2024
These coins have face values of $5, $10, $25, and $51.

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Ilaria Ilaria Fri Nov 29 2024
These values are their legal tender values, which are different from their actual selling price.

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CryptoMagician CryptoMagician Fri Nov 29 2024
BTCC is a top cryptocurrency exchange that offers a range of services.

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CryptoQueen CryptoQueen Fri Nov 29 2024
The actual selling price of these coins varies based on the spot price of gold.

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