I just saw this interesting article from CNN Money
http://money.cnn.com/2011/03/29/news/economy/utah_gold_currency/
Imagine you are the shop owner who happens to receive a thousand dollar worth of gold coin (with face value of $20) from a customer for a few pack of snacks worth $5 dollars. Will you return another gold coin with face value of $15? Of course, this won't happen. In fact, if gold or silver coins are recognized as currency around the world, the likely result is that the market value of these coins will go up somehow to reflect the general acceptance of these precious metal as alternative to the fiat money (i.e. our paper currency).
Anyway, in Singapore, the commemorative gold and silver coins are legal tender too and they are valued at the price shown on the coins. But, these are considered as investment and taxes e.g. GST will be levied on them. And, try not to use it to purchase your daily groceries. I do not think the supermarkets will even accept these coins from you.
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