Description: ONE TRILLION DOLLAR TRIAL COMMEMORATIVE COINS $79.95One Trillion-Dollar Trial CoinThe coin that could solve America's debt crisisLuxuriously layered in .9995 pure platinum... if Congress were to approve its historic creation. DetailsLimitation:9,999Weight:32 g.Material:Copper, silver-layeredIssue year:2013Diameter:40 mm.Obverse: $1 Trillion CoinReverse:Liberty 2013Finish:Silver-layered.Material:CopperQuality:ProofIssue year:after 2013. One Trillion-Dollar Trial CoinIs it possible that a single coin could be the solution to America's debt crisis?Following the Great Recession of 2008, the economy was in dire straits.Housing foreclosures had reached record levels and for the first time in history, the United States credit rating dropped from AAA, the highest attainable, to AA+.The national debt was becoming a real crisis,and economists were looking for creative solutions to help stop the economy's decline.In 2011, the government introduced the concept of minting a one trillion-dollar platinum coin to increase the country's borrowing limit.This would be legal because while there are restrictions in place to prevent the U.S. Mint from printing unlimited paper currency, there are none to prevent them from striking coins in any quantity and value.With the special authorization to mint a one trillion-dollar platinum coin, the U.S.Treasury would have the power to create one trillion dollars of tradeable currency without needing paper currency to back the value.Had this coin been approved, it would have beenthe largest denomination of currency of any type ever issued by any government, ever before in history.The idea gained traction.In 2012, the trillion-dollar platinum coin became amainstream talking point when commentators discussed solutions for ending the debt crisis.However, just as the country started to become familiar with the concept, the Federal Reserve and U.S.Treasury Department decided not to proceed with production.
Price: 17.98 USD
Location: Great Neck, New York
End Time: 2024-10-14T02:39:43.000Z
Shipping Cost: 5.99 USD
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money back or replacement (buyer's choice)
Circulated/Uncirculated: Uncirculated
Composition: Copper-Nickel-Zinc
Year: 2019
Features: Commemorative
Country/Region of Manufacture: United States
Certification: Uncertified
