$50 coin costs $749.95?
Have I got this right? A coin that says on it $50 actually costs $749.95 to buy? Talk about inflation!
U.S. Mint to pull American Gold Eagles
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You are viewing Chris Garrett's personal blog. He also has a professional business blog. Here you will find almost daily musings on the stuff that is currently swirling like a vortex of mediocrity around Chris' grey-matter. One day that could be thoughts on web development or blogging, the next could be marketing, or it could be his latest photograph. It's like a pic'n'mix of barely-English brain deposits.-
About Chris Garrett
Chris Garrett is a professional blogger, internet marketing and new media consultant, amateur photographer and asp.net and PHP web development geek.
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September 28th, 2007 at 6:47 pm
My son collects coins Chris so yes I can believe that.
October 12th, 2007 at 2:11 pm
Actually a coin of that size use to be $20 dollars originally. Until FDR removed us off the gold standard, there were almost no inflation in US, except for price fluctuations due to the market. Check out this article: http://www.financialsense.com/fsu/editorials/gnazzo/2004/1020.html
They still put these “denominations” on the gold, silver and platinum coins because they become legal tender and its easier to go through customs. If they don’t have denominations then they might be taxed.