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<p>[QUOTE=&quot;Cloudsweeper99, post: 187483, member: 3011&quot;]I wrote to ScotiaBank a few years ago about the $5 face value of the Canadian Maple Leaf silver bullion coin, and whether or not it could be redeemed for $5 in the event silver went below that value.&nbsp; They replied that the government puts a face value on the coin because it permits the coins to cross international borders duty free in the case of many nations because it technically qualifies as money and not as a commodity.&nbsp; But the existence of a face value doesn&#039;t make it redeemable at that price at any Canadian bank because it is not a circulation coin.</p><p><br /></p><p>I presume, but have not checked, that this might be the reason for putting a face value on US bullion as well.[/QUOTE]</p><p><br /></p>

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