If the US trillion dollar coin gets the go-ahead, coin collectors will be entirely responsible…
The US treasury department can "mint and issue platinum bullion coins and proof platinum coins" of any denomination, states federal law.
 Platinum coins are generally produced in denominations smaller than $1 trillion for commemorative use, such as this 2011 $100 promoting domestic tranquility |
The stipulation was designed to enable special commemorative coins to be produced for the collectors' market, such as the one-ounce $100 platinum example made in 2011.
It certainly wasn't drawn up with the intention of helping Obama pay off a part of the country's $16 trillion debt.
While rare coins of numismatic value can trade for far more than their value in gold or silver, this is taking matters to a new level.
Indeed, it is estimated the coin would have to weigh more than 20,000 tonnes to actually be worth its nominated value.
And while politicians discuss the pros and cons of this most simplistic of money making schemes, numismatists may fantasise about the collectibility of such a coin.
Surely this would be the ultimate collectible? It ticks all the boxes…
It would be unique, in mint condition and with a fascinating history attached to it.
And with the respected PCGS3000 index of rare US coins showing a 10.3% pa increase in value since January 1970, your $1 trillion investment could be worth $1.1 trillion within just 12 months.
And it's fuzzy logic like that which got the US into this mess in the first place.
Better to stick to the bona fide coin investments. See our stock of rare coins for sale.
