Example: Amerideserve to Gold Eagle through a challenge worth of 5 dollars is currently worth over $100 for its gold content. The article simply defines that the 2 worths are different but doesn't explain why.

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I understand that the price of gold in US dollars is extremely variable and that these coins aren't intended to be offered as continual currency, but it seems like a substantial discrepancy to mint a legal tender coin that is worth over twenty times its confront value.

The just thing I can think of is that maybe the confront values are "historical", yet it still doesn't really make sense.


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It is more of a technicality than an actual worth. Some civilization say it is a benefit to have a confront worth of coins versus generic bullion in case silver drops. If silver ever falls to $1 an ounce yet, we have actually a lot bigger problems than challenge worth silver eagles.


Former US Mint Director Edmund C. Moy quit by r/silverbugs a couple of days ago to talk about this. He was answering the same question around silver, but I think you will certainly see it relates to gold as well.

Here is the short article.


Those values are what gold was worth even more than 100 years back.

In the late 1800's a semi-expert worker was happy to make 4 dollars per week.


The long and the brief of it is that that's what Congress decreed. Neither the mint itself nor the Department of the Treasury has actually any type of authority over what denominations are created - they are compelled to problem whatever Congress dictates.

In the case of the American Eagle series, the Gold Bullion Coin Act of 1985 is the pertinent legislation. It dictates the dimension, weight, worth, complace, and sections of the design, for all Amerideserve to Eagle denomicountries.

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In addition to what everyone else has actually shelp I think it hregarding execute through avoiding the melting dvery own of coins. If the coin has anything close to its face worth then tbelow is nothing to sheight world from melting them dvery own either bereason they want the priceless steels or bereason they desire to make their coins even more rare.


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