https://www.coinnews.net/2022/10/26/gold-marks-nearly-2-week-high-silver-logs-5th-gain/ CoinNews delivers the latest World and US coin news Thu, 27 Oct 2022 19:05:00 +0000 hourly 1 https://wordpress.org/?v=7.0.3 https://www.coinnews.net/2022/10/26/gold-marks-nearly-2-week-high-silver-logs-5th-gain/#comment-515547 Thu, 27 Oct 2022 03:12:17 +0000 https://www.coinnews.net/?p=92814#comment-515547 Sir Kaiser, not sure if this helps, but… The standard, traditional order of value of the four precious metals, from the most valuable to least valuable, has been platinum, gold, palladium, silver. Considering these relative values, the Mint established the face of $50 for the one ounce Gold Eagles and $1 for the one ounce Silver Eagles first minted in 1986, $100 for the one ounce Platinum Eagles first minted in 1997, and $25 for the Palladium Eagles first minted in 2017.
Using the 1 ounce AGE face value of $50 (the approximate book value of the Government’s gold in reserves since 1973) as the standard baseline value, the 1 ounce ASE face value of $1 is in line with a (average 20th Century) gold/silver price ratio of 50:1, the $100 face value of the 1 ounce Platinum Eagle is double that of gold, and the $25 face value of the 1 ounce Palladium Eagle is half that of gold.

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