To: lowbridge
So, a Krugerrand is a gold coin, 1 oz., and is worth around $1755.
How big would a $1 trillion platinum coin be the democrats are planning to mint?
7 posted on
09/19/2021 8:16:07 PM PDT by
The_Media_never_lie
(The crowd was chanting "Death to America", but they were a mostly friendly crowd.)
To: The_Media_never_lie
It's shown here 100X life size...
11 posted on
09/19/2021 8:18:23 PM PDT by
ProtectOurFreedom
("If I’m going to get my political views from those who chase balls, I’ll ask my dog.")
To: The_Media_never_lie
It doesn’t have to be platinum. It could be made of lead.
It works because of the coinage power, not because of the metal.
15 posted on
09/19/2021 8:19:30 PM PDT by
Jim Noble
(The nation cannot be saved until the GOP is destroyed)
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
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