Switzerland puts Einstein on world's smallest gold coin

Deutsche Welle ^ | 01.23.2020 | Melissa Van Brunnersum

[Kickass Conservative]

IWWTBWT = I Wonder What Tony Beets Would Think

[elbook]

For sale to Tourists (has no other utility)

I wonder how many of them you can make from a typical gold filling ???

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[Moltke]

Show me what I'm missing here.

Math.

Why are you focusing on the gram equivalent of "ounce"?

The coin weighs 1/500 of an ounce. The price of gold is appr. $1500/ounce.

Hence, the price of 1/500 ounce of gold is $1500/500 = $3.

Over and OUT!

[TangoLimaSierra]

Yep, you're right. I was using .63 grams instead of .063.
Misread the first time thru and got stuck on it. Sorry.

[Moltke]

It happens... no worries.

[SunkenCiv]

Thanks Olog-hai. This reminds me of ancient coins, which had the head of medusa (if memory serves) sticking out her tongue. They were silver coins.

[GOPJ]

So, a coin denominated at $0.26 is actually worth about $3.00 and is being sold for $200. Gotta hand it to governments to build value!

If this works we can try the same thing - - tackle the national debt with tiny coins. Maybe sell some to the Swiss...