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- - 2008 quarter oz eagle = $10?? (http://goldismoney.info/forums/showthread.php?t=267696)

TonyG | 05-23-2008 01:33 AM
2008 quarter oz eagle = $10?? How can they make a 1/4 oz = $10 and 1 oz = $50?? http://cgi.ebay.com/2008-1-4-oz-ounc...QQcmdZViewItem

tampa78 | 05-23-2008 01:35 AM
Re: 2008 quarter oz eagle = $10?? Fo Gold 5= 1/10 oz 10=1/4 25=1/2 50=1 oz

tampa78 | 05-23-2008 01:36 AM
Re: 2008 quarter oz eagle = $10?? For Platinum 10=1/10oz 25=1/4 50=1/2 100=1 oz

Raccoon | 05-23-2008 01:54 AM
Re: 2008 quarter oz eagle = $10?? Quote:
Originally Posted by TonyG (Post 1115181) How can they make a 1/4 oz = $10 and 1 oz = $50?? http://cgi.ebay.com/2008-1-4-oz-ounc...QQcmdZViewItem
Because it doesn't really matter what nominal value is printed on the coins and $12.50 on the 1/4 oz would look odd.

Merlin | 05-23-2008 07:05 AM
Re: 2008 quarter oz eagle = $10?? Quote:
Originally Posted by Raccoon (Post 1115192) Because it doesn't really matter what nominal value is printed on the coins and $12.50 on the 1/4 oz would look odd.
Well, no, it does really matter. The mint wants to perpetuate the myth that gold is not money. The discontinuity in the weight/face values encourages the perception that their coins are merely hobbyist or collectors items in the same way that the ridiculous nominal face values send the same message. If the mint really wanted to acknowledge that gold is money and encourage their gold coins to circulate as money, then there would be nothing strange at all about a $12.50 coin. But of course, the nominal face values would then have to be something more reasonable like: 1 oz = $6,000 1/2 oz = $3000 1/4 oz = $1500 1/10 oz = $600 Isn't going to happen. It's intentional. But it isn't cosmetic. It's more fundamental than that.

Twisted Avatar | 05-23-2008 07:11 AM
Re: 2008 quarter oz eagle = $10?? Quote:
Originally Posted by Merlin (Post 1115333) Well, no, it does really matter. The mint wants to perpetuate the myth that gold is not money. The discontinuity in the weight/face values encourages the perception that their coins are merely hobbyist or collectors items in the same way that the ridiculous nominal face values send the same message. If the mint wanted to acknowledge that gold is money, then there would be nothing stange at all about a $12.50 coin. But of course, the nominal face values would then have to be something more like: 1 oz = $6,000 1/2 oz = $3000 1/4 oz = $1500 1/10 oz = $600
How right you are!!....... when I show people a SAE first thing they say is "this is only a dollar?' I try to educated them...but so many get hung up on that face amount. T

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