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<p>[QUOTE=&quot;Hobo, post: 605293, member: 11521&quot;]Yes, they can be spent for face value. Apparently this happens every now and then. </p><p>&nbsp;</p><p>Why do ASEs and AGEs have a &quot;face value&quot;? For a couple of reasons. The one ounce silver bullion ASE approximates a standard silver dollar in size and the one ounce gold AGE approximates a Double Eagle in size. By giving them a value of $1 and $20 respectively they are no longer thought of as simply bullion but coins and attract the attention of coin collectors who would not be interested in collecting bullion. </p><p>&nbsp;</p><p>Also by having legal tender status these &quot;coins&quot; more easily clear customs in other countries.[/QUOTE]</p><p><br /></p>

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