Now, speculation and chatter swirled for weeks about the possibility, and more importantly, the fiscal feasibility, behind the trillion-dollar coin.
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If such a move did take place, it seems as though this would negate the benefit derived from the dollar coin.
Widespread dollar coin usage could actually help with an ongoing industry problem, the inability of these machines to read damaged dollar bills.
The much-ballyhooed Sacagawea golden dollar coin has belly flopped in the marketplace.
Iomega's HipZip is a portable MP3 player that uses disks about the size of a half-dollar coin to record songs from the Internet.
Another currency design decision he could weigh in on -- but probably won't -- is for the figure on the new dollar coin.
In our scramble to save billions, if not trillions, of dollars, perhaps the unloved dollar coin will finally find its way into our pocketbooks.
The government will not attempt to privatize assets during a crisis and other ideas are deemed impractical, illegal, or inappropriate, such as the trillion dollar coin.
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The GAO speculates that the dollar coin might cause a renewed interest in that black sheep of the currency family, the two-dollar bill (which features Thomas Jefferson).
But something tells me that, nowadays, Constitutional interpretation is much less of a common-sense slam dunk for the average American than the simple conceptual problems stuffed into that trillion-dollar coin.
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The coin's rarity goes beyond the fact that the Flowing Hair was the first dollar coin released by the U.S. This particular example is believed to have been the first ever made.
Anthony dollar coin that was presented to them.
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The loonie (so named for the bird on the one-dollar coin) has soared from a record low of 62.1 American cents in January 2002 to over 74 cents this week, its highest level in six years.
Blanks made by Westaim were provided by the Canadian mint to the US Mint during the production ramp up in 1998 and 1999 in anticipation of monetary shortages due to the Y2K event and the introduction of the new one dollar coin.
One debate raging is whether the Treasury should just mint a trillion dollar platinum coin to deposit with the Federal Reserve.
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Or, perhaps, the president could obey both provisions of he opted for wacky statutory loopholes like minting a trillion dollar platinum coin.
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Which is where I would worry about this trillion dollar platinum coin.
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Earlier, the Treasury and Federal Reserve issued a statement rejecting another gimmick that had been discussed to get around Congress minting a trillion dollar platinum coin.
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One of the stranger ideas floating around is that the Administration should deal with the refusal to raise the debt limit by minting a trillion dollar platinum coin.
FORBES: Links 9 Jan: The Trillion Dollar Platinum Coin. Voters Aren't Stupid, You Know
If we delay the transition to only a coin dollar, the problem may well solve itself.
Calling the coin the "golden dollar" has led some folks to think it has more value than the corresponding paper.
However, the Pakistani Rupee is currently some 94 to the US dollar, meaning the face value of the coin is about 1 US cent.
The other side of this coin, of course, is that the dollar could strengthen in comparison to emerging markets currencies, in which case foreign exchange losses might quickly surpass the yield.
This is partly offset, however, by the need to circulate 50% more coins than we currently do dollar bills, because of our habit of dropping coins into our coin jar at the end of the day.
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