How would you like to carry around 50 dollars in your change purse? Well, you can if you own a 50 dollar gold coin. However, if you have the most valuable ones, you may want to lock them up because they are quite pricey. Whether you buy gold coins for collecting or investing, you may want to see one of these.
The 1877 50 dollar pattern actually has no value- it is a priceless unique experimental coin. In the mid 1850s, the private sector abandoned considerations of a 50 dollar gold piece. However, that did not stop the Philadelphia Mint from considering a federal 50 dollar coin or even a 100 dollar coin. Though the 100 dollar version did not get off the ground, more progress was made with the 50 dollar coin.
Dies were prepared and a few patterns were struck in copper, while only two were struck in gold. The gold patterns have the same reverse die but a slightly different die on the obverse. Soon after these were struck, the Mint abandoned the project because the coin was deemed unnecessary. The coin reached the numismatic market in the early 20th century due to a trade from the U.S. Mint coin collection archives.
You do not need to have a bottomless wallet to own a 50 dollar gold coin. American Eagle gold coins are sold in various denominations, one of them being the one troy ounce of pure gold 50 dollar face value version. These coins are offered in units containing ten one-ounce coins, each with a thickness of 2.87 millimeters and diameter of 32.7 millimeters.
Each American Eagle coin is guaranteed to contain the exact quantity of gold listed, with the metal mined within the U.S. Investors use the coins to diversify their financial portfolio. The federal government backs the coins and the U.S. Mint ensures they meet the highest standards of quality.