RE: Market Friday presents: In God We Trust, All Others Pay Silver or Gold

[mrnightmare89]

Well it's nice to collect coins indeed because some other coins like ours in the Philippines contain history and legacy. Though it made me wonder if that american gold buffalo coin has it's similar value since it was made of pure gold.

Comments

[dswigle]

I did say that in the post as it used to make me wonder how you can pay thousands of dollars for a coin and have it only have a $0.05 value on the coin.

What is the difference between face value and intrinsic value? A quarter is always going to have a face value of 25 cents. That can never change. These coins from the mints are actually bullion coins, minted into a quarter... Their value is in the melt value. So, it has a rolling scale. Whatever the sot value is that day. That is the value. So, bullion is for collecting, not spending. Who in their right mind would spend a coin worth $50.00 or $1,000.00 in a vending machine? Would you? Not bloody likely.

Thanks for stopping by and leaving your words, Paul! @mrnightmare89

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