“Seigniorage (sometimes spelled “senorage” or “senorage”) is the profit a mint or government makes from issuing money, equal to the face value of the coin or note minus the cost of producing and distributing it. For modern governments, these profits ultimately flow to the treasury and act as a form of non‑tax revenue.”

So, to resolve the National debt, mint a platinum one billion dollar coin. Costs about $2500 to mint.

Use the Platinum Eagles to pay off the debt. So, on 20 Trillion, mint produces 20,000 coins and use the proceeds to pay down debt!!

I am surprised our Government hasn’t figured this one out yet!!

Merry Christmas to all!

Tillman, always thinking…

I can arrive at the same outcome cheaper, easier, and faster.


Default on the debt. After all, it is secured only by the "credit of the United States."

Why not just mint 39- 1 trillion dollar coins and have yourself a nice little surplus?

Are you being naive as a joke? That would instantly cause so much inflation the dollar would crash.

I think I saw a documentary where this was tried before...

Also worked well here:

I found a few of the platinum $100 coins back in the day.

Had second thoughts about shelling out $800 for a coin face valued at $100.

Turned out to be a good idea.

quote:

Originally posted by .38supersig:
I found a few of the platinum $100 coins back in the day.

Had second thoughts about shelling out $800 for a coin face valued at $100.

Turned out to be a good idea.

I shelled out less than $300 a piece for 1oz Gold Maple Leafs back in the early 80's, face valued at $50. Now $4,340/oz and still $50 face value.

quote:

Originally posted by Lefty Sig:
Are you being naive as a joke? That would instantly cause so much inflation the dollar would crash.

You are correct - my sense of humor can get out of hand

I have several of these laying around. The collector value has gone up and they are now like 25-50$ or more.

I had an economics prof who used one in a lucite block and passed it around as an example of hyperinflation. And I have had multiple banking colleagues over the years have one in their office.

quote:

Originally posted by shikemd:
Also worked well here:

I have a box of Japanese occupation currency that my dad brought back from the Pacific.

quote:

Originally posted by shikemd:
Also worked well here:

Voltaire famously said, 'Fiat currency always eventually returns to its intrinsic value--zero.'

Unfortunately, it would appear that we're watching the final stages of that process beginning to unfold now.