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.

Face value (disambiguation)

The face value of a coin, stamp, or bank note is the value printed on the object.

Face Value may also refer to:

Face Value (album)

Face Value is the debut solo studio album by English recording artist Phil Collins, released in February 1981 on the Virgin label internationally and Atlantic Records in North America. It was released in the UK 11 days after his 30th birthday. The album includes the hit single, "In the Air Tonight", whose dark mood was inspired by the fallout of Collins' first marriage with his wife Andrea. This album and Both Sides were reissued, with bonus tracks included, on 29 January 2016. The reissued version's cover art is taken in the same fashion as the original's, except it features a present-day Collins instead.

Conception

By 1978, Phil Collins had been part of the progressive rock band Genesis for eight years. After spending the first five of those years as a drummer, he reluctantly accepted the role of frontman of the group following original vocalist Peter Gabriel's departure at the end of the tour for their concept album The Lamb Lies Down on Broadway. Collins took over vocals for 1976's A Trick of the Tail. While still featuring the complex progressive rock the group had been recording since its 1970 album Trespass, it also featured a more mainstream sound which attracted a larger audience. Their 1978 album, ...And Then There Were Three..., featured their first crossover hit single, "Follow You Follow Me".