Message:

<p>[QUOTE=&quot;FlyingMoose, post: 187794, member: 6572&quot;]I think that the coins have a face value for legal reasons, I know that you can get them as investment coins without paying sales tax if the purchase is over $1000 (that is, $1000 that you&#039;re paying, not face value).&nbsp; I&#039;m not sure but I think it also gets around some regulations related to buying bullion.&nbsp; My coin dealer said that if I were to buy the same amount of gold in bars or european gold coins, there&#039;s a lot more paperwork involved, especially since the PATRIOT act.</p><p><br /></p><p>These coins are intended as a bullion investment, similar to silver or gold bars.&nbsp; They do have some with numismatic value, such as the proof versions of the coins, those are intended for collectors.&nbsp; You can also buy older coins, such as St. Gaudens double eagles.</p><p><br /></p><p>I don&#039;t think a bank or store would be obligated to take the coins at face value.&nbsp; Of course, they&#039;d be stupid not to.&nbsp; The cashier could buy them from the register, or the store owner could take them to a coin shop and make a considerable profit.</p><p><br /></p><p>I&#039;m not sure what the case is in Canada, since the face value is high enough that it could end up being higher than the metal value.&nbsp; I think I&#039;ve heard that a US bank would take the US ones at face value in such a case.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in