It would have to be a 1/50 oz coin to be in step with current values used by the Mint.
For instance, a 1 oz coin has a face value of $50.
A 1/10 oz coin has a face value of $5
So a 1/50 oz coin would have a value of $1
Now, I don't know how that is going to shake out in terms of physical size - because:
A 1/10 oz American Gold Eagle has a diameter of 16.5 mm (0.649 inches) and a thickness of 1.19 mm.
A 1/50 oz coin would be 1/5 the size/weight of the 1/10 making it impractical (simple scaling it'd only be the diameter of the pencil eraser!) Therefor I think that in reality, this coin would be alloyed with other metals to increase the diameter to "useful size", while maintaining the full GOLD weight.
This is how 22k Gold Eagles are....Contrary to popular belief, even though the coin is an alloy of only about 92% gold, There's STILL a FULL 1 oz of actual pure gold in the coin - So buying a physically smaller gold 1 oz 24k buffalo - the Eagle has the SAME 1 oz of gold in it - but it's also alloyed with silver and copper to make it tougher & less resistance to damage.
I'd imagine they'd add a higher proportion of silver and copper to the EXACT 1/50 oz of gold in each coin to increase the physical dimensions. But we'll have to see what the Mint decides in this regard.
Yeah was just thinking about that...
It would have to be a 1/50 oz coin to be in step with current values used by the Mint.
For instance, a 1 oz coin has a face value of $50.
A 1/10 oz coin has a face value of $5
So a 1/50 oz coin would have a value of $1
Now, I don't know how that is going to shake out in terms of physical size - because:
A 1/50 oz coin would be 1/5 the size/weight of the 1/10 making it impractical (simple scaling it'd only be the diameter of the pencil eraser!) Therefor I think that in reality, this coin would be alloyed with other metals to increase the diameter to "useful size", while maintaining the full GOLD weight.
This is how 22k Gold Eagles are....Contrary to popular belief, even though the coin is an alloy of only about 92% gold, There's STILL a FULL 1 oz of actual pure gold in the coin - So buying a physically smaller gold 1 oz 24k buffalo - the Eagle has the SAME 1 oz of gold in it - but it's also alloyed with silver and copper to make it tougher & less resistance to damage.
I'd imagine they'd add a higher proportion of silver and copper to the EXACT 1/50 oz of gold in each coin to increase the physical dimensions. But we'll have to see what the Mint decides in this regard.