How Do They Decide The Face Value Of A Coin?

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Author	Replies: 3 / Views: 1,513
noahs-numismatics Pillar of the Community Canada 3167 Posts	Posted 02/10/2013 09:56 am For example: An $80 coin w/ 25c face value? What say you? Report this Post to the Staff

SteveCaruso Pillar of the Community United States 1796 Posts	Posted 02/10/2013 10:09 am If they're not modeled after established designs, I believe it's largely arbitrary. For example, an ASE has a face value of $1 as its touted as a silver dollar. A Gold Eagle, logically should have had a face value of $10, but the largest modern Gold Eagle has a face value if $50. Why? It's gold! Platinum Eagles have a face value if $100. Why? They're platinum! And at the time of their inception, platinum was much more expensive than gold. Arbitrary. Report this Post to the Staff
Ben Pillar of the Community United Kingdom 4208 Posts	Posted 02/10/2013 12:32 pm Its comes from when coinage which was of precious metal was intended to circulate. As such, its value was equivalent to its gold content. Hence Sovereigns being Â£1 back in 1901 when they were used as such and sovereigns being Â£1 now - they arent intended to circulate so the denomination is ceremonial. New coins are minted and are modelled as fractions of old coins - this thing should be about 1/4 the size of a canadian $1 gold piece. Report this Post to the Staff
noahs-numismatics Pillar of the Community Canada 3167 Posts	Posted 02/10/2013 2:38 pm Okay, thanks for the info! Report this Post to the Staff
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