Pronunciation: [hˌavɪŋ ɐ fˈe͡ɪs vˈaljuː ɒv] (IPA) 
The phrase "having a face value of" is commonly used when describing the monetary value of a coin or banknote. In IPA phonetic transcription, "having" is pronounced as "ˈhævɪŋ", "a" as "ə", "face" as "feɪs" and "value" as "ˈvælju". The word "of" is pronounced as "ʌv". When put together, the phrase is pronounced as "ˈhævɪŋ ə feɪs ˈvælju ʌv", with emphasis on the second syllable of "value".
Having a face value of refers to the numerical or nominal worth assigned to something, particularly in the context of currency, stocks, bonds, or other financial instruments. The term derives from the idea of the amount of money or value that is literally printed or stated on the face of a banknote or document.
In the realm of currency, having a face value means that a banknote, coin, or monetary unit is assigned a specific denomination that represents its stated worth. For instance, a $10 bill has a face value of $10, denoting that it can be exchanged for goods or services equivalent to that amount. Similarly, a coin with a face value of 1 euro can be legally used to make payments or as an equivalent representative of that worth within the Eurozone.
Beyond currency, the concept of face value also extends to financial securities like stocks and bonds. In this context, the face value represents the nominal value assigned to an individual share or bond at the time of issuance, typically representing the principal amount. It serves as a reference point for determining the investment's potential return or the interest payments that may be received. However, the market value of such securities may deviate significantly from their face value, fluctuating based on various factors such as supply and demand, market conditions, or issuer credibility.
Overall, the term "having a face value of" signifies the nominal or stated worth assigned to something, particularly pertaining to financial instruments, and may differ from their actual market value.
