1979 Friedrich Hayek G50 Gold medallion 1/2 Troy oz Unc
1979 Gold Standard Corporation gold coin, containing 1/2 troy oz of 0.900 fine gold (actual gold content is 0.45 troy oz). This coin features Friedrich A. Hayek on the obverse with "Denationalization of Money" above and "Friedrich A Hayek" below, with the year.
On the reverse is the denomination- 50 Gold Standard units with the legend "For integrity there is no substitute" above and "Contains 1/2 ounce pure gold" below.
Gold Standard Corp was founded in Kansas City, Missouri by Conrad J. Braun, circa 1977. He purchased gold from the U.S. Treasury, minted his own coins, and sold them to the public. The denomination of these coins (and notes as well) is the Gold Standard Unit. Along with promotional slogans like “Sound Commercial Banking”, “Denationalization of Money”, and “Free Choice of Currencies”, each coin bears the image of a different free-market economic theorist.
Coins were struck in gold, silver and platinum. This gold 1/2 oz coin in in uncirculated condition, and is quite rare and collectible.
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