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

in Market Fridaylast year

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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