How much is a new $50 gold coin worth in mint condition?

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.

How much is a new $50 gold coin worth in mint condition?
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.
Reply:$50?
Reply: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
Reply:A NEW $50 coin... um, I think $50!





He is thinking it will gain value over time.
Reply:around $649
Reply:you can buy a proof gold buffalo for $800 from the mint. the non-proof versions are 650-700 maybe
Reply:about $700 for a gold eagle 1 oz (based on gold prices now)