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Should face value of american eagle be change to higher denomination?.
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<p>[QUOTE="scottishmoney, post: 473539, member: 12789"]The face value on the AGE's only makes them a coin for legal purposes, ie anti-counterfeiting. Elsewise the denomination on the coins is useless. Royal Canadian Mint sold some of their 1 oz bullion with a $300 denomination guarantee on it, as a marketing ploy back in the late 1990's when gold was down in the $250 range. Right after that gold started an upward trending again and they never did that again.</p><p><br /></p><p>There was a Nevada company that tried to circumvent payroll taxes a few years ago by paying their employees in AGE's at the then market rate and declaring the $50 value etc. as the wages they were paying. This was prosecuted through the courts for tax evasion, made its way up to a district court which still found in favour of the IRS.[/QUOTE]</p><p><br /></p>
[QUOTE="scottishmoney, post: 473539, member: 12789"]The face value on the AGE's only makes them a coin for legal purposes, ie anti-counterfeiting. Elsewise the denomination on the coins is useless. Royal Canadian Mint sold some of their 1 oz bullion with a $300 denomination guarantee on it, as a marketing ploy back in the late 1990's when gold was down in the $250 range. Right after that gold started an upward trending again and they never did that again. There was a Nevada company that tried to circumvent payroll taxes a few years ago by paying their employees in AGE's at the then market rate and declaring the $50 value etc. as the wages they were paying. This was prosecuted through the courts for tax evasion, made its way up to a district court which still found in favour of the IRS.[/QUOTE]
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Should face value of american eagle be change to higher denomination?.
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