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ASE & AGE question

VikingDudeVikingDude Posts: 1,342 ✭✭✭
in Precious Metals
Why are there dollar amounts imprinted on US Gov't issued bullion?

Comments

  • zrlevinzrlevin Posts: 734 ✭✭✭
    Misread the question........ image
    Zach
  • VikingDudeVikingDude Posts: 1,342 ✭✭✭
    But WHY are they on there? 90 years ago it would have made sense but these are bullion, not coins. The dollar amounts have no meaning - only the weights are meaningful.
  • CaptHenwayCaptHenway Posts: 32,125 ✭✭✭✭✭


    << <i>Why are there dollar amounts imprinted on US Gov't issued bullion? >>



    They are legal tender COINS. The anti-counterfeiting laws protect coins. The American Arts gold medallions issued 1980-84, which do not have face values, are not protected by those laws.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • VikingDudeVikingDude Posts: 1,342 ✭✭✭
    Thank you, CaptHenway. I guess that is why you are a "master collector".
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>Why are there dollar amounts imprinted on US Gov't issued bullion? >>



    They need a denomination since they are legal tender coins and are covered by the anti-counterfeiting laws.

    Edited to add that I responded to your question before I saw Tom's response which mirrors my response almost exactly.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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