Face value

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 $1,200 USD during 2009 market prices (as of November 14, 2009) and yet has a face value of only $50 USD.

Overview

The face value of bonds usually represents the principal or redemption value. Interest payments are expressed as a percentage of face value. Before maturity, the actual value of a bond may be greater or less than face value, depending on the interest rate payable and the perceived risk of default. As bonds approach maturity, actual value approaches face value.

In the case of stock certificates, face value is the par value of the stock. In the case of common stock, par value is largely symbolic. In the case of preferred stock, dividends may be expressed as a percentage of par value.

Phil Collins

Philip David Charles "Phil" Collins, LVO (born 30 January 1951), is an English singer, songwriter, musician, producer, actor and author. He is best known as the drummer and lead singer in the rock band Genesis and as a solo artist. Between 1983 and 1990, Collins scored three UK and seven US number-one singles in his solo career. When his work with Genesis, his work with other artists, as well as his solo career is totalled, Collins had more US top 40 singles than any other artist during the 1980s.

Born and raised in London, Collins played drums from the age of five and completed drama school training, which secured him various roles as a child actor. He then pursued a music career, joining Genesis in 1970 as their drummer and becoming lead singer in 1975 following the departure of Peter Gabriel. Collins began a solo career in the 1980s, initially inspired by his marital breakdown and love of soul music, releasing a series of successful albums, including Face Value (1981), No Jacket Required (1985) and ...But Seriously (1989). His most successful singles include "In the Air Tonight", "Against All Odds", "Sussudio" and "Another Day in Paradise", becoming "one of the most successful pop and adult contemporary singers of the '80s and beyond". He also became known for a distinctive gated reverb drum sound on many of his recordings. After leaving Genesis in 1996, Collins pursued various solo projects before a return in 2006 for the Turn It On Again Tour. In 2011, he retired to focus on his family life, but continued to write songs. He announced his return to the music industry in 2015.