I am often asked about the face value when I’m speaking to a merchant, potential currency officer or customer about AOCS silver and the AOCS model. Where does the “fifty” come from anyway? Who decided to value an ounce of silver at fifty and why do we need to even bother with a face value? Sometimes these questions are followed by a stated conviction that we should let the free market decide what our silver is worth. The method for face value determination is explained here: … [Read more...]