Should face value of american eagle be change to higher denomination?.

should denomination of american eagle be change to higher?. i noticed that am eagle silver $1.00 coin are lesser than those of canadian maple leaf and chinese panda. is there a need to change it higher. higher denomination will benefit the collectors. isn't it?.

 

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Personally I just see them all as nice looking 1oz. bullion. The 'face' value makes little difference.

 

I think the 1 oz bullion thing spoils the coin as a coin, it becomes bullion.

 

denomination

why not make it $5.00 for am eagle silver dollar.

 

No, changing of face values are only done for unstable currencies such as Turkey.

 

this is not the case

this is not the case. china changed its chinese panda one ounce gold coin from 100 yuan to 500 yuan. and their money is even upward against u.s. dollar.

 

Why change it?

 

the only reson to change it is because, technically, it is legal tender.
But, even if they make it $10, are you going to spend it?
No, unless silver falls to $1.00 an ounce.

 

Good point but I think your missing something here. The ASE is a "coin" only because it is minted by the US Mint. It is a commemorative that is 99.99% silver which makes it bullion. None of these were ever intended for circulation and if they become "circulated" they have a face value of a dollar.

Changing the ASE face value to a higher denomination would be meaningless, unless the face value exceeded current bullion value. Then the public would then consider circulating these coins.

I love them, I collect them, and I will never spend them. Unless our monetary system fails.

 

higher denomomination

higher denomination is for attractive purposes. that's it.

 

I think there is something to be said for tradition, and having a "silver dollar" in the United States, even if it is just a bullion coin. I like it as a $1 coin.

 

The last thing the US Treasury and Federal Reserve want is silver money that competes directly with their paper. They probably wouldn't put a face value on it at all except that I believe it avoids some taxes when the coins are shipped across national borders because they can be classified as currency instead of a commodity [but don't quote me on that ]

 

post office

how about using "forever $0.41 stamp" issued by post office. "forever", quite good and stable.

 

It doesn't matter. You can't get one anywhere for a dollar, and it's the same for gold and platinum coins. It's worth what the bullion's worth. The stated face value on the coin means nothing.

 

I guess I don't understand. If you're buying these as bullion it makes no difference what the 'face' value is. If you're collecting them by date I can't imagine it would make a difference if it was $1 or $5 either. Do you want to change the face of the AGE's too? The 1/10th oz version is currently a $5 'coin'.

 

am eagle gold

then all those gold eagle should adjust accordingly.

 

one thing about changing the denomination value - the markup wouldnt be as bad we would still pay the prices we pay now, and the silver content wouldnt change. But with the coin being a $5 coin, the markup is now $4 less

but i agree withthe rest of you - I like the $1 denomination!!

 

I always think it's a bit silly to see $1 on a ASE, or $50 on a AGE. I wish it was $50. But I'm not sure there's a point to changing it. I don't know why a one ounce gold piece isn't $20 (like it used to be). At least that would make more sense. Not sure where the $50 came from.

Finally, I believe there *are/were* places (few, granted) that either still use, or have used recently the ASE as currency and it's value was $1. At least I've read stories of it, never experienced that myself.

 

Why not write a letter to your Congressman? Who is your Congressman. I'll write it for you and you can sign it. Is 1970 the year od your birth?

Ruben

 

The face value is meaningless. Coins are traditions of our great nation. History has instilled Heritage in our country. Each coin has it's own history. We are blessed with rich USA coinage to enjoy. To those whom created these magnificent collectibles of our society, Thank you. I will forever cherish them all, just the way they are.