Face value
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| + | The '''Face value''' is the value of a [[coin]], [[Postage stamp|stamp]] or [[paper money]], as printed on the coin, stamp or bill itself by the minting authority. While the face value usually refers to the true value of the coin, stamp or bill in question (as with circulation coins) it can sometimes be largely symbolic, as is often the case with [[bullion]] coins. For example, a one troy ounce (31 g) [[American Gold Eagle]] bullion coin was worth and sold for about $1200 [[USD]] during 2009 market prices ({{As of|2009|alt=as of November 14, 2009}}) and yet has a face value of only $50 USD. | ||
| - | '''J. S. G. Boggs''' (b. 1955) is an [[American art]]ist, best known for his hand-drawn, one-sided depictions of [[Federal Reserve Note|U.S. banknotes]] (known as "Boggs notes") and his various "Boggs bills" he draws for use in his performances. He spends his "Boggs notes" only for their [[face value]]. If he draws a $100 bill, he exchanges it for $100 worth of goods. He then sells any change he gets, the receipt, and sometimes the goods he purchased as his "artwork." If an [[art collector]] wants a Boggs note, he must track it down himself. Boggs will tell a collector where he spent the note, but he does not sell them directly. | ||
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The Face value is the value of a coin, stamp or paper money, as printed on the coin, stamp or bill itself by the minting authority. While the face value usually refers to the true value of the coin, stamp or bill in question (as with circulation coins) it can sometimes be largely symbolic, as is often the case with bullion coins. For example, a one troy ounce (31 g) American Gold Eagle bullion coin was worth and sold for about $1200 USD during 2009 market prices (Template:As of) and yet has a face value of only $50 USD.
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Face value" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
