Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: The_Media_never_lie

How big would a $1 trillion platinum coin be the democrats are planning to mint?


It could be any size the treasury wanted. It’s the wording on the coin that declares its value, not its weight or size. Bullion coins issued by countries have a value, always less than the value of the metal. Apparently the law authorizing platinum coins allows any value to be put on the coin. It then becomes real money.

An opposite problem is with the Susan B Anthony dollars. Virtually a billion of the things were made. Nobody wanted them. So they are in storage. The storage costs a lot of money every year. The obvious solution would be to dispose/destroy them, but because they are legal tender, if they’re destroyed then over $880,000,000 disappears and that doesn’t look good. So we taxpayers pay to store $1 coins no one will ever use.


27 posted on 09/19/2021 8:47:03 PM PDT by hanamizu
[ Post Reply | Private Reply | To 7 | View Replies ]


To: hanamizu
Bullion coins issued by countries have a face value, always less more than the market value of the metal.

There! Fixed it!

Regards,

41 posted on 09/19/2021 10:59:39 PM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
[ Post Reply | Private Reply | To 27 | View Replies ]

To: hanamizu

Really? So you can go to a bank and get a one oz. gold coin denominated as $100.00 for $100.00?

That’s one serious ROE.


55 posted on 09/20/2021 6:17:40 AM PDT by AFreeBird
[ Post Reply | Private Reply | To 27 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson