Keyword Analysis & Research: $1 trillion platinum coin

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Frequently Asked Questions

What is the trillion-dollar coin?

The concept of the trillion-dollar coin was reintroduced in March 2020 in the form of a congressional proposal by congresswoman Rashida Tlaib during the shutdown caused by the COVID-19 pandemic in the United States. Tlaib sought to fund monthly $2,000 recurring stimulus payments until the end of the pandemic.

What is a Platinum Eagle coin worth?

Common obverse of American Platinum Eagle coins, a platinum commemorative United States coin that has been issued in denominations of up to $100 under the authority of 31 U.S.C. Section 5112. The issuance of paper currency is subject to various accounting and quantity restrictions that platinum coinage is not.

Who first proposed minting coins to pay off the national debt?

The idea for the Treasury Department to mint a coin and send it to the Federal Reserve in order to pay off the debt was first popularized by Populist Party presidential candidate Bo Gritz in 1992. As a standard part of his stump speeches, he would hold up a five-inch example coin.

Is it legal to put a platinum in a coin?

Philip N. Diehl, former director of the United States Mint and with Republican Congressman Michael Castle co-author of the platinum coin law, has said the procedure would be permitted by the statute. However, Castle says he never intended such a use.

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