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<p>[QUOTE=&quot;johnmilton, post: 6454879, member: 101855&quot;]The puts a value on its bullion coins to help future buyers and sellers with the sales tax. In many states, it it&#039;s a coin or if you pay more than a certain amount, it&#039;s exempt from the tax. If it&#039;s a gold or silver round, with no face value, it gets taxed or you have to buy more of it to get an exemption.</p><p><br /></p><p>Another factor is that collector prefer coins (pieces with a marked face value) to bullion rounds or tokens. It might not be logical, but that&#039;s the way many collectors think.</p><p><br /></p><p>In the old days, the gold or silver content had a lot to do with the assigned value of a coin. They couldn&#039;t value it at less than its melt value because then it would not circulate. The melt value had to be a little under the face value.</p><p><br /></p><p>Today, with everything in circulation made of base metal, it really don&#039;t matter. I&#039;m not sure why the limit is set at $200. The highest denomination coin the U.S. has ever issued was $50, and that was for the 1916 Panama Pacific commemorative gold pieces.[/QUOTE]</p><p><br /></p>

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