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Circulating gold coin

trozautrozau Posts: 3,455 ✭✭✭
in Precious Metals
A post on the darkside: 500 Euro gold coin

I would rather have this than a 500 Euro paper note.
trozau (troy ounce gold)

Comments

  • PerryHallPerryHall Posts: 46,119 ✭✭✭✭✭
    I'd rather have a $50 gold AGE than a $50 bill. What's your point? The gold coins trade based on their bullion value while the paper notes are worth their face value.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CiccioCiccio Posts: 1,405 ✭
    I like the design. I was looking for the 100 euro (I think the french mint was selling it at face value).
    There is a seller on eBay that sells them in the range of 170/180 usd but I asked my dad to find me one from Italy.
    I thought it was cheaper...his dealer asked for 185...euro! image
    I will miss the US bullion market when I eventually be back in Italy!

  • trozautrozau Posts: 3,455 ✭✭✭


    << <i>I'd rather have a $50 gold AGE than a $50 bill. What's your point? The gold coins trade based on their bullion value while the paper notes are worth their face value. >>


    This is a circulating gold coin whose face value is close/almost the same as its melt value . That is my point. Your example will cost you a big loss if you spent your $50 gold coin.
    trozau (troy ounce gold)
  • yellowkidyellowkid Posts: 5,486 ✭
    Are these actually circulating? I can't believe it.
  • tydyetydye Posts: 3,894 ✭✭✭
    I would probably lose it
  • PerryHallPerryHall Posts: 46,119 ✭✭✭✭✭


    << <i>

    << <i>I'd rather have a $50 gold AGE than a $50 bill. What's your point? The gold coins trade based on their bullion value while the paper notes are worth their face value. >>


    This is a circulating gold coin whose face value is close/almost the same as its melt value . That is my point. Your example will cost you a big loss if you spent your $50 gold coin. >>



    Do you really believe these coins actually circulate as money in commerce? These are like AGE's even though their face value is closer to their melt value.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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