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What is a face value?

What is a face value? Here are some definitions.

Noun
  1. The amount or value listed on a bill, note, stamp, etc.; the stated value or amount.
  2. (idiomatic) No more or less than what is stated; a literal or direct meaning or interpretation.
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Examples
The bank discount rate normalizes by the face value of the security and understates the true yield earned by investors.
We've learnt at The Sunday Times never to take manufacturers' claims for top speed and acceleration at face value.
If you're an extreme utilitarian, you might just accept the calculation at face value and waste the little guy.
I don't know why people sell perfectly good stamps below face value when you can always use them to mail letters.
The Times article accepts the claims of military intelligence at face value.
It is a condition of sale that tickets are not sold on for more than their face value.

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