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The face values are proportional to the weights except for the 1/4 oz coin. While their actual selling price (purchasing power) varies based on the spot price of gold, [4] these coins carry face values of $5, $10, $25, and $50. These are their legal values, reflecting their issue and monetized value as "Gold Dollars", as opposed to standard ...
The 2006 and 2007 coins only have been issued in a one-ounce version, but in 2008, $5, $10, and $25 face value coins were minted with 1/10 oz, 1/4 oz, and 1/2 oz of gold respectively. After a long wait by both collectors and investors, the uncirculated version of the American Buffalo gold piece was made available to coin dealers on June 20, 2006.
The initial selling price was $1239. With the rising price of gold by June it had climbed to $1339, and by December to $1489. There was no limit on the coinage of these one time uncirculated issues, which bear the date "MMIX". [12] In September, the one coin per person ordering restriction was removed. The final mintage was 115,178.
On 3 May 2007, the Royal Canadian Mint unveiled a Gold Maple Leaf coin with a nominal face value of $1 million and a metal value of over $3.5 million, referred to as a Big Maple Leaf. [ 5 ] [ 6 ] It measures 50 cm in diameter by 3 cm thick and has a mass of 100 kg , with a purity of 99.999%.
In 1834, the mint's 15:1 legal valuation of gold to silver (i.e. 15 weight units of silver and 1 weight unit of gold have the same legal monetary value) was changed to 16:1, and the metal weight-content standards for both gold and silver coins were changed, because at the old value ratio and weight content, it was profitable to export and melt ...
The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889. The coin had three types over its lifetime, all designed by Mint Chief Engraver James B. Longacre .
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