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Opinion on potential future numismatic value of 1 ounce world silver bullion coins
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<p>[QUOTE="GDJMSP, post: 953411, member: 112"]No, this is a mistake that many people make. They seem to think that just because a bullion coin is designated as legal tender that it will always at least be worth its face value. That is not so. The only reason that bullion coins have any value at all is because of their bullion content. And if the price of bullion becomes less than the face value then that coin becomes worth less than its face value.</p><p><br /></p><p>This is because bullion coins are not money, and they are not made with the intention to be used as money - they are bullion. Bullion has a fluctuating value that can be virtually anything from 1 cent per ounce to many thousands of dollars per ounce.</p><p><br /></p><p>Money on the other hand has a set value that is determined by what is printed on it by the issuing authority. And that value never changes. A $5 dollar bill is always worth $5 regardless of what happens in any marketplace.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 953411, member: 112"]No, this is a mistake that many people make. They seem to think that just because a bullion coin is designated as legal tender that it will always at least be worth its face value. That is not so. The only reason that bullion coins have any value at all is because of their bullion content. And if the price of bullion becomes less than the face value then that coin becomes worth less than its face value. This is because bullion coins are not money, and they are not made with the intention to be used as money - they are bullion. Bullion has a fluctuating value that can be virtually anything from 1 cent per ounce to many thousands of dollars per ounce. Money on the other hand has a set value that is determined by what is printed on it by the issuing authority. And that value never changes. A $5 dollar bill is always worth $5 regardless of what happens in any marketplace.[/QUOTE]
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Opinion on potential future numismatic value of 1 ounce world silver bullion coins
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