Ken’s Korner: A trillion-dollar coin? Don’t laugh!
News and Views from the World of Antiquing and Collecting
By Ken Hall
One coin that numismatists can never own – but that could conceivably be minted – is a platinum trillion-dollar coin. Say what!? Believe it or not there’ve been some calls for President Obama to authorize a few, as a way to get around the looming debt ceiling crisis. In fact, there is a legal loophole that allows the Treasury to mint platinum coins in any denomination that the secretary likes. The New York Times op-ed writer Paul Krugman said minting the coin would be “silly but benign,” but he called the fight over the debt limit “equally silly.”
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