FREQUENTLY ASKED QUESTIONS
Having an official face value is part of what gives coined bullion its legal tender status.
Although face value represents the price the Reserve Bank of Australia would redeem an Australia bullion coin for, in reality, it’s nothing more than a nominal figure advised by Federal Treasury.
Take our 1oz Australian Kangaroo gold bullion coin, for example, which has a face value of $100. That’s a ridiculously low figure compared to the value of its actual gold content, which is tied to the ‘spot’ market.
The face value of a bullion coin does not reflect the value of its precious metal content.
So while it is important for investors to ensure their bullion coins do have an official face value, they need take little notice of it thereafter.
By selling your bullion coins to The Perth Mint or a reputable coin dealer, you’ll receive much more - a fair price close to the metal’s prevailing spot rate.
And if it’s highly sought-after, the coin could have some numismatic value, meaning you may be able to find someone willing to pay a premium!