ONE TRILLION - DOLLAR TRIAL COIN COMMEMORATIVE COIN PROOF 129.95

Description

ONE TRILLION - DOLLAR TRIAL COIN PLATINUM LAYERED COIN PROOF VALUE 9.95
The coin that could solve America's dept. crisis
Luxuriously layered in .9995 pure platinum
if Congress were to approve its historic creation
Details
Limitation:
9,999 complete collections
Weight:
32 g
Diameter:
40 mm
Obverse:
Trillion Coin
Reverse:
Liberty 2013
Material:
Cu, platinum-layered
Quality:
Proof
Issue year:
2013
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 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 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.