Comments on: $50 coin costs $749.95? http://www.chrisg.org/2007/09/14/50-coin-costs-74995/ ... Because I Can Tue, 07 Oct 2008 14:16:50 +0000 http://wordpress.org/?v=2.5.1 By: Petr http://www.chrisg.org/2007/09/14/50-coin-costs-74995/#comment-21020 Petr Fri, 12 Oct 2007 14:11:51 +0000 http://www.chrisg.org/2007/09/14/50-coin-costs-74995/#comment-21020 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. 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.

]]> By: Rose http://www.chrisg.org/2007/09/14/50-coin-costs-74995/#comment-21010 Rose Fri, 28 Sep 2007 18:47:17 +0000 http://www.chrisg.org/2007/09/14/50-coin-costs-74995/#comment-21010 My son collects coins Chris so yes I can believe that. My son collects coins Chris so yes I can believe that.

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