[ikka]

Here is the problem the IRS faces...

The gold coin's intrinsic value is $1000 (about); the face value is $50.

IF the IRS says that intrinsic value is the true measure, then what is a paper $20 bill worth? About 5 cents.

IF the IRS states that face value is the determinant, then what are they going to say, that the US Mint is counterfeiting money?

Either way, if they argue face value vs. intrinsic value, they lose.

[thefrankbaum]

They can argue it is worth the higher of the two.

[Goreknowshowtocheat]

Gestapo losing with the Judges on their side? Wow...that would be something.

[rahbert]

are the gold coins lawful money? if so, the face value
should determine. Otherwize they are worth what the market
says they are worth.

[weef]

The gold coin's intrinsic value is $1000 (about); the face value is $50.

I've always wondered how the face value of the gold coin is $50 when it's intrinsic value is worth way more than that. How do they arrive at the face value amount? Does it even mean anything?