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A comment on Trillion-dollar platinum coin could be minted at the last minute. Parent comment

Re:Trillion-dollar platinum coin could be minted at the last... by thatguy0900 on Tuesday October 05, 2021 @02:20PM (#28763394)
When was the last time we used coinage that was actually worth its face value? Seems meaningless to me
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Re:Trillion-dollar platinum coin could be minted at the last... by GDC7 on Tuesday October 05, 2021 @02:23PM (#28763461)
As I said there is a difference between 1$ and 1 trillion.

People don't question the face value of 1$ given the fact that it's cheap change.

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Re:Trillion-dollar platinum coin could be minted at the last... by Ancapistani on Tuesday October 05, 2021 @02:57PM (#28763952)
Our current coins in regular circulation are basically worthless in terms of metal content. On the other hand, US Mint-produced $50 gold eagles contain ~$1,800 of gold.

Political opinions aside, it seems obvious to me that the value of the metal content of US coinage is unrelated to the face value.

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Re:Trillion-dollar platinum coin could be minted at the last... by JadeNB on Tuesday October 05, 2021 @05:02PM (#28765589)
> Our current coins in regular circulation are basically worthless in terms of metal content. On the other hand, US Mint-produced $50 gold eagles contain ~$1,800 of gold.

That sounded so ludicrous that I thought you must be mistaken or exaggerating, but, as with all things currency-related, I think it's impossible to out-absurd the reality.

https://en.wikipedia.org/wiki/American_Gold_Eagle#Value

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Re:Trillion-dollar platinum coin could be minted at the last... by GDC7 on Tuesday October 05, 2021 @03:25PM (#28764383)
Nobody cares about 1$ coins, people would care about a 1T$ coin.
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