Reply to Thread

Message:: [QUOTE="scottishmoney, post: 712936, member: 12789"]I disagree with assigning a value to a trade coin, it's value is relative only to the value of the metal in the coin anyway.  Governments, banks, and crooks all have been "assigning" values to coins ever since time immemorial, but in the end only demand or lack thereof determines the real value. Say for instance the ASE's have a nominal value of $1.  But pray do share, what does that matter?  Obviously no government in their right mind is going to assign a high value to a coin - Japan did this back in 1989 with a 100000 Yen coin in gold that was worth more in face value than the metal value.  Only to have an enormous counterfeiting problem as a result.  Canada did some gimmick with $300 coins that were guaranteed for that value if gold went under said value, but of course it didn't but they short ended that very quickly. That is what I like about the Onza coins from Mexico, you know what you are getting .999 fine of one ounce of gold.  No nonsensical and meaningless value like 5000 Pesos or anything.  Any such assigned value has no effect, no real guarantee of value - because values are only as good as the government assigning them - if you trust the government of Mexico or the USA for that matter to assign a said value to a piece of metal. PM's should trade on their merits, no more no less.[/QUOTE]