How much is a gold piece worth in dollars?

“Gold is most commonly measured in ounces, which is 1/16th a pound. Then to make the math easier to do, we will go onto the internet and find the price for a single ounce of gold. As of 08/30/2024, that price is a whopping $2,500 USD. Multiply that for a pound of gold and you get $32,800 per pound of gold coins.

Then to find the price of a single coin, you simply divide a pound of gold by 50 individual coins to get a final number of $656 even. Which is an incredibly stupid amount for a single coin. But we must continue with our experiment.“