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View Diary: Origin and Early History of Platinum Coin Seigniorage In the Blogosphere (19 comments)

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  •  Theoretically yes (1+ / 0-)
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    PeterHug

    For the plastic coin, the Congress would have to pass a law to that effect. However the platinum foil covered chocolate could be open to legal interpretation ;)

    Since 31 USC § 5112(k) states

    (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 Secretary’s discretion, may prescribe from time to time.
    •  The more I think about it, (0+ / 0-)

      the more I'm attracted to the platinum foil-covered chocolate model.

      We also could make similar coins in denominations of $100 million and $1 billion, available for purchase through Nieman Marcus for the billionaire for whom you can't think of an appropriate Christmas present.  Buy and eat - you just wiped $1 billion of the US deficit off the face of the Earth!  I can see the product placement opportunities on the Simpsons now...

      :)

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