1979 Friedrich Hayek G50 Gold medallion 1/2 Troy oz Proof
1979 Gold Standard Corporation gold proof medallion, containing 1/2 troy oz of pure gold (actual weight 0.559 troy oz, 90% gold alloyed with silver and copper). This private mintage medallion 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 proof is in uncirculated condition, and is quite rare and collectible.
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