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Re: Ted Cruz #1 scumbag!

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 03 Oct 13 7:54 PM | 32 view(s)
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Msg. 14811 of 54959
(This msg. is a reply to 14810 by faul)
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Hi doma,

I think the law requires platinum.

"(k) The Secretary may mint and issue platinum bullion coins and proof platinum coins in accordance with such specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretaryâ€™s discretion, may prescribe from time to time."
http://www.law.cornell.edu/uscode/text/31/5112

The denominated value of a coin doesn't need to match its metal value. indeed, it is rare if it does. so apparently there's more metal value in pennies than their denominated transaction price.

Same is true for the platinum coin except the other way around.

May require two $1tn coins.

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The above is a reply to the following message:

Re: Ted Cruz #1 scumbag! By: faul in ALEA Thu, 03 Oct 13 7:35 PM	Msg. 14810 of 54959
why do you need a precious metal to mint that $1 Trillion coin....why not just cut a circle out of a piece of paper and write $1 Trillion on it? A $1 Trillion Platinum coin would weigh about 22,000 tons btw......

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