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just a girl | How much is a 1998 $50 1 oz gold coin worth? 10pts? |
i work at a grocery store and someone gave me a 1 oz fine gold coin that had 50$ written on it. how. it looked brand new. how much is it worth? and how do i know for sure that it is really real? thanks |
 |
 
advnturer
 |
a $50 gold piece that has not been graded, is worth its' weight in gold.
$50 is one ounce, and as of last Friday, an ounce of gold was at $923 an oz. But that is the buy amount, if you sold it at a dealer, they would give you a wholesale price for it so probably around $880 to $900
If you have it graded, the fee cost about $35 and it might add that much to the value, but since it is circulation, I would not bother with grading it.
Just to answer Tom K below. The US Mint began minting gold coins again in 1986. These coins are bullion coins and the $50 is a true 1 troy ounce coin. Since it is bullion, it priced on the price of gold, and a graded coin will bring a premium just as any other collected coin would.
http://www.usmint.gov/mint_programs/index.cfm?flash=yes&action=american_eagles |
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Steve
 |
As of this moment it is worth $907.94 in Gold |
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johndoe3214
 |
It's fake. Give it to your next customer and put
$50 of your own money back into the register so your boss does not find out you accepted fake money. |
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Tom K
 |
Gold coins were removed from circulation in the 1930's and no official U.S. gold coinage has taken place since 1933. Some private firms have minted gold and gold-plated coins stamped in varying denominations, but these are NOT official U.S. currency. Without knowing just what this coin is, it is impossible to give a value, but I suspect nowhere near as high as one of .99 fine gold would be. |
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Rob
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around $1040 AU |
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John Davis
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Any jeweler would be able to tell you if it's real. There are at least three ways to value the coin. One is the face value, $50. Of course, the face value is symbolic and not meant to be used as legal tender. (You'd be silly to use the coin as currency to purchase something.) The second way to value it is by the weight of the gold itself. A 1-oz gold coin is really 1 Troy ounce, or 31.1035 grams of gold, not 28.3495 grams, as in a traditional ounce. You can value it by looking at today's gold commodity prices, which today is $29.67 per gram. On this basis, the gold would be worth $922.84. Is is also irrelevant, because you would be violating American laws by melting down such currency. The third way to value the coin is on its trading value to collectors. This is the most sensible way to value it, and the highest of the three. Collectors will pay you at least what the gold is worth. You can see some recently completed auctions for this coin on eBay that fetched between $925 to $960. |
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johnsontinaa
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1 oz of gold about 300 i think |
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ohwiseone
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If it's real gold I think it's worth about $1000 an ounce at the moment.....$50 seems about right for the value of an ounce 10 years ago in 1998...now's a good time to selll... |
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