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<p>[QUOTE=&quot;Conder101, post: 429107, member: 66&quot;]Almost true but usually the intrinstic value was VERY close to the face value, usually not more than 1% less.&nbsp; And in 1853 when they made th half dime, dime, quarter and half dollar subsidiary coins with an intrinsic value several percent below the face value they deliberately left the dollar coin alone and its intrinsic value was GREATER than it&#039;s face value.&nbsp; The dollars of 1853 to 1873 contained about $1.04 worth of silver.&nbsp; Initially the trade dollars intrinsic value was also greater than the face value.</p><p><br /></p><p>And on the early US coins the cost of production of the gold and silver coins was greater than the tiny seniorage on them.&nbsp; The Mint depended on the Seniorage from th copper coinage to pay the expenses of the gold and silver coinage.[/QUOTE]</p><p><br /></p>

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