What is "Face Value"?

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Information What is "Face Value"?

Title	:	What is "Face Value"?
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When you see the denomination of $1 on a silver bullion coin, whats that all about? It's called face value Matt explains! Buy all your favourite gold and silver bullion from your favourite bullion dealer at wwwbullionnowcomau/store
Comment from : Bullion Now

The reason the goverment does this is so they can come and "not" confisciare your metals for $1 Long live the queen lol
Comment from : Nate

5:04 oh that makes sense
Comment from : greener ell

By "legal tender" does that mean you can go into a shop and buy stuff with a bullion coin?
Comment from : Sachin Kainth

Thanks for the video
Comment from : Silver Lover

So when importing and exporting these, how can the government charge based on the bullion or sale price for gst when the government has also stamped it with their value of $1? Shouldn’t they legally use their own determined value for this
Comment from : Geoff Aus

This creates an interesting loophole One could buy a car from a car yard with a gold coin of trivial face value, since it's legal tender after all Technically, the price of the car would be the denomination on the coin This would reduce stamp duty requirements to the buyer, and income from the car yard, who could actually claim a loss on the vehicle If the government is going to put absurd denominations on the coins (which is basically a form of criminal fraud) they need to accept the consequences
Comment from : Spacelord

Why did they chose such a low face value of just $1 ? At least make it $10 since its a troy ounce of pure silver at the end of the day
Comment from : 7Hellzz

If the face value came even near the spot price, they’d effectively have re-established a gold/silver standardI believe there are some French silver Euro coins issued by the Monnaie de Paris that come a lot closer to a face/spot match I could be mistaken
Comment from : The Progressive Goldbug

It’s the amount written on the coin brThe end
Comment from : WSF

Face values are meaningless, a sovereign doesn't have a denominated amount, common knowledge know that it used to represent a British poundbrWhen a currency value is engraved and pressed into existence it doesn't even represent any value (normally) A currency value merely indicates that a coin was produced by the official mint of a particular countrybrI have a 10oz coin with a £10 denomination and a kilo coin with a £500 denominationbrCuriously there is an exception, the Royal Mint produced face value £100, £50, and £20 silver coins that do not cover or represent the intrinsic value of coinsbrThey were minted to be sold at face value, but though declared legal tender, were marketed as commemorative coins, not meant for general circulationbrIf you go to YouTube channel Julian Chamberlain, you can experience the issues of using 'high' value denominated legal tender coins being used to settle debts for goods and services
Comment from : harryzero 156

Great work boys👍👍
Comment from : The Hunters

Australian 5, 10 & 20c coins have an intrinsic value (nickel & copper) of 90 of face value That's less premium than the silver kangaroo brSo can't say that our currency doesn't have intrinsic value 🤑
Comment from : Frank Hayward

its more fun putting a silver coin in the garter than a $500 note
Comment from : PHILIP RACHTMAN

I give my strippers the silver coin
Comment from : PHILIP RACHTMAN

Don't forget the currency is backed up by an FA 18
Comment from : Peter Grace me guide

Mark Dice has already done the choc vs bullion experiment on the street, same with some gold coins it's in his youtube channel
Comment from : Roberto H

Thank you very much guys
Comment from : Kevin Thomson

Hi Guys- question brbrBullion coins minted in Australia as legal tender by the local mints(PM & RAM) is there any legal clause that states they need to release a percentage or a set number of coins for sale in Australia ? brbreg RAM produced 250 gold desert scorpions this month but none was available for sale in Australia Even though it’s legal Australian currency it’s not released for sale here which seems odd
Comment from : B L