My father just bought one for my newborn daughter. He seems to think it will pay for her first year of college in 18 years.
2006-09-18 07:19:21 · 8 answers · asked by namumn 2 in Business & Finance ➔ Investing
The coin is worth, and probably will always be worth, about $50 more than the spot price of gold. Gold is a store of value, in that it usually keeps up with inflation, much like a bond. I know lots of "goldbugs" think "this time is different", but I believe it will continue to be just a store of value. Saying that, I doubt that it will pay for her first year of college since tuition is going up more than inflation. If I were to want to invest $700 now to pay for tuition in 18 years, I would invest in a low cost mutual fund instead. That has a statistically much better chance of covering her tuition bill.
This is your dad, though, so I would keep the coin safe for your daughter and thank him for the gift.
2006-09-19 07:27:29 · answer #1 · answered by medoraman 3 · 1⤊ 1⤋
And today , a $50 gold coin is still worth $50., If the grocery store will accept it.......
2016-03-27 07:48:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
you can buy a proof gold buffalo for $800 from the mint. the non-proof versions are 650-700 maybe
2006-09-18 07:27:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
about $700 for a gold eagle 1 oz (based on gold prices now)
2006-09-18 07:20:43 · answer #4 · answered by Al Bundy 4 · 1⤊ 0⤋
A NEW $50 coin... um, I think $50!
He is thinking it will gain value over time.
2006-09-18 07:26:51 · answer #5 · answered by ItsJustMe 7 · 0⤊ 2⤋
$50?
2006-09-18 07:26:41 · answer #6 · answered by smoothie 5 · 0⤊ 2⤋
around $649
2006-09-18 07:29:10 · answer #7 · answered by Anonymous · 0⤊ 0⤋
maybe then it will, but right now it isn't worth much. they are fairly common and anyone can buy direct from the us treasury
2006-09-18 07:22:02 · answer #8 · answered by Anonymous · 0⤊ 0⤋