One Trillion-Dollar Commemorative Platinum Layered Coin In Capsule

Description: Up For $ale: FROM7772SILVERClick the BIN Button. Its Yours! One Trillion-Dollar Trial Coin Is 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 reachedrecord 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 currencywithout needing paper currency to back the value. Had this coin been approved, it would have been the largest denomination of currency of any type ever issued by any government, ever before in history. The idea gained traction. During 2012, the trillion-dollar platinum coin became a mainstream 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. Details Limitation:9,999 complete collections Weight:32 g Diameter:40 mm Obverse:$1 Trillion Coin Reverse:Liberty 2013 Material: Cu, .9995 Pt-layered Quality:Proof Issue year:2013 Serialzed Certificate Included (Numbers will vary)

Price: 67.77 USD

Location: Billings, Montana

End Time: 2023-11-30T22:30:45.000Z

Shipping Cost: N/A USD