I have a simple question and I hope it isn't stupid. Just bought a few g's worth of 2012 cougars and moose one oz coins. The face value on the coin is $5. How and why do the minters come up with that value? They are obviously worth more than that at the time of minting. Would that not lessen the value of the coin if one was forced to use them in the marketplace as a last resort? Especially when someone has no idea of the real value of silver.
Silver Face Value
Hello there twippers. I will try to answer your question:
The Face value is the value of a coin, stamp or paper money, as printed on the coin, stamp or bill itself by the minting authority. While the face value usually refers to the true value of the coin, stamp or bill in question (as with circulation coins) it can sometimes be largely symbolic, as is often the case with bullion coins. For example, a one troy ounce (31 g) American Gold Eagle bullion coin was worth and sold for about $1200 USD during 2009 market prices (as of November 14, 2009) and yet has a face value of only $50 USD.
I hope that helps :)
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