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<p>[QUOTE="Tom Maringer, post: 188130, member: 7033"]I think that the reason the mint puts a face value on bullion coins is a bit of a farce... that is... they want to be able to advertise and sell the coin to numismatists AS A COIN rather than as bullion. Not many people are duped by the subterfuge, but it probably boosts their sales by 10%-20% and so it's worth it to them. </p><p><br /></p><p>What I really want to know is: Can they be used as currency at face value in order to avoid taxation? So... you offer to buy a $6500 used car for $500... and shell out ten $50 gold eagles. Maybe the dealer say yes, he'll do it. Can you now insist that you only pay sales tax only on the $500... since you have tendered current issue US currency in that amount??[/QUOTE]</p><p><br /></p>
[QUOTE="Tom Maringer, post: 188130, member: 7033"]I think that the reason the mint puts a face value on bullion coins is a bit of a farce... that is... they want to be able to advertise and sell the coin to numismatists AS A COIN rather than as bullion. Not many people are duped by the subterfuge, but it probably boosts their sales by 10%-20% and so it's worth it to them. What I really want to know is: Can they be used as currency at face value in order to avoid taxation? So... you offer to buy a $6500 used car for $500... and shell out ten $50 gold eagles. Maybe the dealer say yes, he'll do it. Can you now insist that you only pay sales tax only on the $500... since you have tendered current issue US currency in that amount??[/QUOTE]
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