Can this coin ever cost $50? by ssjsasha

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @ssjsasha · Sep 28 '22

$11.57

Can this coin ever cost $50?

![DDC1CEAF9E0A40D7B4E05CB7D06021DD.jpeg](https://i.imgur.com/UHeFzcj.jpg)

1 oz of gold has its own price. That price fluctuates.

On all the mint coins there is a dollar amount in which you can redeem you metal for said $ amount

But usually these amounts are FAR lower than the market value of the metal.

![BD7EDDC0F3204601A10D53814A2219D2.jpeg](https://i.imgur.com/q7Rge2W.jpg)

Unless something drastic happens, where you can redeem dollars for cents of a new fiat currency, I don’t see the price of gold EVER going down to $50


There is this silver 1 oz coin that has a $200 mint value but I never understood why anyone would want that. You’re basically storing $200 worth of fiat into that coin which you could have just bought a bunch of silver coins.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@ssjsasha/can-this-coin-ever-cost-usd50)

👍 ssg-community, steemychicken1, trumpman, redes, goldkey, ruth-girl, quochuy, intothewild, mawit07, penguinpablo, germansailor, ssjsasha, nateaguila, kerrislravenhill, bdmillergallery, cve3, dreimaldad, dcityrewards, smartvote, daan, organduo, pladozero, exyle, silversaver888, silverd510, myprecious, dcrops, cryptonized, tesaganewton, bitcoinman, reazuliqbal, jaraumoses, felander, kissi, handofzara, iansart, giotists, dlike, vgholdingsllc, fatman, khaleelkazi, goldrooster, sabine-reichert, helpyou, saffisara, thefoundation, teamvn, momins, privex, yibbiy, matschi, penyaircyber, monster.oo7, gerber, blockbunnyorg, steem.leo, olympicdragon, dachcolony, pbock, prideofleo, logicforce, alphacore, wrapped-leo, shauner, and 40 others

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@bhoa · Sep 28 '22

$0.62

I really want to know how the valuation of this precious metals work.

For now, I can only admire the beauty of the coin.

👍 ssg-community, ssjsasha

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@bitcoinman · Sep 29 '22

$0.18

Gold oz at 50 there is just no way

👍 ssjsasha, bitcoinman

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@cryptosnowball · Sep 28 '22

$0.62

The value is still worth $50 in Canadian value, but as you mention on the mint value is $200. Nobody will ever use it to make their grocery during the weekend.

A strange thing about the value!

👍 ssg-community, ssjsasha

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@emeka4 · Sep 28 '22

$0.63

Beautiful gold leaf coin very nice

👍 ssg-community, ssjsasha

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@hivebuzz · Sep 29 '22

$0.16

Congratulations @ssjsasha! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@ssjsasha/payout.png?202209290737"></td><td>You received more than 11000 HP as payout for your posts, comments and curation.<br>Your next payout target is 12000 HP.<br><sub>The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD</sub></td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@ssjsasha) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hive-122221/@hivebuzz/pud-202210"><img src="https://images.hive.blog/64x128/https://i.imgur.com/805FIIt.jpg"></a></td><td><a href="/hive-122221/@hivebuzz/pud-202210">Hive Power Up Day - October 1st 2022</a></td></tr></table>

###### Support the HiveBuzz project. [Vote](https://hivesigner.com/sign/update_proposal_votes?proposal_ids=%5B%22199%22%5D&approve=true) for [our proposal](https://peakd.com/me/proposals/199)!

👍 ssjsasha

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@kerrislravenhill · Sep 29 '22

$0.16

RE: Can this coin ever cost $50?

What counts is that it id Legal Tender along with a high commodity value. Gold is the true money.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@kerrislravenhill/re-ssjsasha-vnxa7)

👍 ssjsasha

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@maro1 · Sep 28 '22

$0.63

I doubt we will ever see the gold go low to $50 too

👍 ssg-community, ssjsasha

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@mawit07 · Sep 28 '22

$0.64

Collectible? So much premium locked for making these coins as a form of currency but then again if currency fails the coin itself still holds value.

👍 ssg-community, ssjsasha

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@micheal87 · Sep 28 '22

$0.63

I don't think the price will ever go down

👍 ssg-community, ssjsasha

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@momins · Sep 28 '22

$0.64

The value of the coins should be close to the value of its metal content

👍 ssg-community, ssjsasha

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ssg-community	0 B		769,487,112,064	10%

@olympicdragon · Sep 28 '22

$0.62

The Silver coin is nice. I can see it go up in value !

👍 ssg-community, ssjsasha

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properties (23)vote details (2)

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ssjsasha	0 B		257,296,118,634	100%
ssg-community	0 B		758,837,294,172	10%

@penyaircyber · Sep 28 '22

$0.64

I think the historical behind the Coin add more value

👍 ssg-community, ssjsasha

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properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
ssjsasha	0 B		280,881,323,940	100%
ssg-community	0 B		771,023,840,607	10%

@ssg-community · Sep 28 '22

$0.64

You received an upvote of 100% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem! https://images.hive.blog/DQmT7RQqkpjXrjR43HZgPkPghGxUYDHPu7A68diYnmgbB64/round_gem.png

👍 ssg-community, ssjsasha
👎 kaibagt

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properties (23)vote details (3)

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@temileke · Sep 28 '22

I can see silver hitting $50 in the future but gold? Never

👍 ssg-community, ssjsasha
👎 meesterboom, galenkp, abh12345, adamada, andrastia, b00m, citizensmith, sazbird, bestofph, freebornsociety

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properties (23)vote details (12)

voter	rshares	pct
ssjsasha	248,826,528,327	100%
meesterboom	-1,267,908,940,212	-49%
sazbird	-5,011,314,982	-49%
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andrastia	-11,733,895,311	-25%

@voidd · Sep 28 '22

$0.62

The coin looks so shiny.
I think it can cost $50

👍 ssg-community, ssjsasha

properties (23)vote details (2)

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ssjsasha	0 B		253,903,526,098	100%
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@yibbiy · Sep 28 '22

$0.68

Face value is arbitrary, but gives the “coin” the legitimacy of “legal tender”.

Maybe some collectors also collect by denomination? 🧐

👍 ssg-community, ssjsasha, slhp

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properties (23)vote details (3)

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