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Should face value of american eagle be change to higher denomination?.
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<p>[QUOTE="Prestoninanus, post: 689021, member: 20205"]Any precious metal coin is 'doomed' to become bullion. Inflation and the volatility of the precious metals market means making circulating coinage made out of precious metal is impracticable. </p><p><br /></p><p>As to the original question, the legal tender face value of a sovereign and a half sovereign in the UK is £1 and 50p respectively. Obviously, way below bullion value, but it doesn't matter. The coins are sold for their bullion value anyway, and there is no point in severing the connection with history by re-valuing their legal tender face value when they have not been worth that for a very long time anyway....[/QUOTE]</p><p><br /></p>
[QUOTE="Prestoninanus, post: 689021, member: 20205"]Any precious metal coin is 'doomed' to become bullion. Inflation and the volatility of the precious metals market means making circulating coinage made out of precious metal is impracticable. As to the original question, the legal tender face value of a sovereign and a half sovereign in the UK is £1 and 50p respectively. Obviously, way below bullion value, but it doesn't matter. The coins are sold for their bullion value anyway, and there is no point in severing the connection with history by re-valuing their legal tender face value when they have not been worth that for a very long time anyway....[/QUOTE]
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Should face value of american eagle be change to higher denomination?.
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