Trillion Dollar Platinum Coin

While most non coin collectors have never even heard of u s.

Trillion dollar platinum coin.

The term trillion dollar coin refers to a theoretical concept whereby a government could mint a platinum or other precious metal coin with a face value of 1 trillion which could then be used. Our one trillion dollar platinum coin is minted to the highest quality proof standard. We could even go visit them. The coronavirus has killed over 13 000 people worldwide including 348 in the us according to data metrics site worldometers.

The trillion dollar coin is a concept that emerged during the united states debt ceiling crisis in 2011 as a proposed way to bypass any necessity for the united states congress to raise the country s borrowing limit through the minting of very high value platinum coins. The law originated as a way to mint commemorative coins celebrating or honoring american institutions places people or events. A platinum coin can be worth a penny a sum equivalent to the gross domestic product of indonesia roughly 1 trillion or anything else. The mintthecoin plan proposes to account for the direct payments a back of the envelope calculation suggests 6 5 trillion is a conservative cost estimate by having the u s.

Even krugman and tlaib on some level understand the appeal of real coins in tangible. There s a little known law that permits the u s. It s fully up to the treasury secretary s discretion. Treasury mint a series of 1 trillion platinum coins.

1 trillion platinum coins the abc act would be paid for by minting two 1 trillion platinum coins and additional coins as needed. Notice the allure of the almost mystical platinum coins presumably housed in a super cool safe somewhere at the treasury department or us mint. Some very smart folks right down to a former u s. The crazed trillion dollar coin proposal is back.

The coin is stamped for the year 2013 as a symbolic reference to the year it almost came to be and was ultimately put on indefinite hold. A us politician has asked the treasury to mint two platinum coins each worth 1 trillion in order to help the nation s economy deal with the coronavirus pandemic.