Re:Trillion-dollar coin
by sandworm101 on Saturday September 21, 2019 @07:38PM
(#21038621)
Until nixon axed the large bills as part of the drug war. With 1000$ being the new largest bill, gold bars/coins became a potentialy practical option once again. Krugerrands (sp?) tried to capture this market but never caught on.
[ Parent
| on HN ]
Re:Trillion-dollar coin
by rsmckinney on Sunday September 22, 2019 @11:48AM
(#21041892)
$100 is the largest federal reserve note today. And even that is under pressure, mostly from the anti physical currency crowd.
Considering inflation a $100 note today is comparable to a $10 note from just a few decades ago. Thus currency denomination should shift in the opposite direction eliminating the cent and nickel, and adding larger notes.