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<p>[QUOTE=&quot;iPen, post: 2716649, member: 69760&quot;]Yes, that was my point. At $1 FV for a bimetallic silver coin that&#039;s put into circulation today, people will still hoard it at $1 melt value. As mentioned afterwards, if you increase the FV to $10, with only $1 melt value, it won&#039;t work today because there&#039;s a dissonance between the collectible FV ASE and the figurative circulation FV bimetallic silvers.</p><p><br /></p><p>Does FV matter? Yes. If you put only $1 worth of silver melt value in a $10 FV coin, then aren&#039;t you saying that silver is worth so much more, equivalent to nearly a 10x premium? All of the silver ASEs and other silver holdings will be worth how many of those bimetallic silvers worth $10 FV? Just $20 FV or balloon up to an inflationary price of $200? But would the US Mint even want to produce ASEs or any other silver coin if the return per bimetallic coin is nearly 10x the melt value? More of those would be churned out and that has some serious consequences, not just for the numismatic hobby, but for the economy. Do we then set a low mintage cap? Then you won&#039;t have sufficient numbers for commerce, and would defeat the intent of circulation.[/QUOTE]</p><p><br /></p>

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