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Denominations on Bullion

JohnZJohnZ Posts: 1,732 ✭
in U.S. Coin Forum
Just how do they work? Shouldn't they be more reflective of the spot value of the metal in the year they are minted? Or at least substantially higher? For example, why doesn't an SAE have at least a face value of $4?

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    pontiacinfpontiacinf Posts: 8,915 ✭✭
    they are sold as bullion collectables...with a premium..if your saying a 5 dollar gold coin should have 5 bucks in gold...thats wack
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    Go BIG or GO HOME. ©Bill
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    JohnZJohnZ Posts: 1,732 ✭
    they are sold as bullion collectables...with a premium..if your saying a 5 dollar gold coin should have 5 bucks in gold...thats wack

    Well, that would be one itsy-bitsy coin, but why not? Where is the logic? Silver is about $6 an ounce today, and if I were making one-ounce silver coins, I would put a denomination of three dollars on them. I doubt silver would drop to less than $3 dollars an ounce. If they're JUST collectibles, why have a denomination at all?

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    kamehameha00kamehameha00 Posts: 2,077
    Yeah,and there even BIGGER than a large size dollar coin yet their face value is only 1$.So I agree,why have denominations on bullion at all?
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    originalisbestoriginalisbest Posts: 5,918 ✭✭✭✭
    Because making them so legitimizes them as official coinage, rather than mere medals with no official legal-tender status.

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