-40%

Trillion Dollar Coin

$ 10.53

Availability: 68 in stock
  • Item must be returned within: 14 Days
  • Country of Manufacture: United States
  • Return shipping will be paid by: Buyer
  • Denomination: 1000000000000
  • All returns accepted: Returns Accepted
  • Grade: Ungraded
  • Circulated/Uncirculated: Uncirculated
  • Refund will be given as: Money Back
  • Country/Region of Manufacture: United States
  • Type: Commemorative Issue

    Description

    Do you want a Trillion Dollar Coin!? We all do, but unfortunately, this is only a replica.
    Great as a gag gift or commemorative piece by which to remember the government standoff between the Obama administration and Congress over the debt ceiling, where some (seriously) proposed a possible solution of the US Treasury creating a Trillion dollar coin to allow the US Government to service its debt.
    From an article in The Atlantic:
    https://www.theatlantic.com/business/archive/2013/01/everything-you-need-to-know-about-the-crazy-plan-to-save-the-economy-with-a-trillion-dollar-coin/266839/
    "Enter the trillion-dollar coin. It sounds nuts. But there's a loophole that actually lets the Treasury create coins in whatever value it wants, even trillion. It's all straightforward enough. The Treasury would create one of these coins, deposit it at the Federal Reserve, and use the new money in its account to pay our bills if the debt ceiling isn't increased. This has gone from being just another wacky idea in the world of internet comments to something that's getting taken seriously due, in large part, to the efforts of
    Joe Weisenthal
    of
    Business Insider
    and
    Josh Barro
    of
    Bloomberg View
    to promote it. (Which you can follow on Twitter at #MintTheCoin). Their logic is that as silly as the trillion-dollar coin sounds, the debt ceiling is far sillier -- and much more destructive. "
    Shows President Obama on the front and the Statue of Liberty on the back.
    Nickel plating on steel coin (looks like a platinum coin!).
    Ships immediately via USPS first class mail.