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To amplify Iglesia's comment, The front, traditionally, should have someone's portrait, THE UNITED STATES OF AMERICA written around the top, above the head, the denomination written around the bottom, ONE TRILLION DOLLARS, the date written in the lower right, as oriented from the face, a mark denoting the mint at which it was struck, the word LIBERTY on one side of the head and the phrase IN GOD WE TRUST on the other side. Dimes put THE UNITED STATES OF AMERICA on the back due to space limitations, but that should not be a problem with a trillion dollar coin. A milled edge is optional, not being used with pennies, nickles or the Susan B. Anthony dollar, which was a many sided polygon. The value of the metal content need have no more relation to the value of the coin than did the base metal content of the Susan B. Anthony dollar have to its face value, but it must be platinum per the requirements of the authorizing statute.  

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jan 10th, 2013 at 05:02:46 PM EST
[ Parent ]
This coin is meant to disappear in the Fed's cellar. I should think looks don't matter, except to poke even more fun at the Repugs.
by Katrin on Thu Jan 10th, 2013 at 05:08:49 PM EST
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There's a campaign to put Ronnie on one of the coins or notes, isn't there? in which case if he's on the trillion, you can't put him on another one I would think, which would be an extra bonus

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jan 10th, 2013 at 05:18:28 PM EST
[ Parent ]
by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Thu Jan 10th, 2013 at 05:36:02 PM EST
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I imagine the Trillion Dollar Coin as being suitably gigantic, let's say about the size of a coffee table, so there would be plenty of space for all the Republican heroes.
by Gag Halfrunt on Fri Jan 11th, 2013 at 08:13:04 AM EST
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In order to bang home the point that it is of no intrinsic value, I'd hope it would be tiny.
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jan 12th, 2013 at 02:54:14 AM EST
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At the very least it should inspire a few Russell Crowe Trillion $ Heist movies where the protagonist discovers, to his horror, that no one will actually believe he has got the real thing rendering it effectively worthless...

Also perhaps a stupid and stupider 7 movie sequel where the protagonists counterfeit the coin and are caught when they attempt to "cash" it in because the one and only true coin is in the Fed and no "real" copies exist.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Sat Jan 12th, 2013 at 05:50:53 AM EST
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As specie, it is effectively worthless. Who would accept it in payment for anything?
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jan 12th, 2013 at 05:56:31 AM EST
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by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Sat Jan 12th, 2013 at 06:08:36 AM EST
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Special institutional case.
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jan 12th, 2013 at 10:27:42 AM EST
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It's symbolic.

Oh, wait...

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Jan 12th, 2013 at 06:30:44 AM EST
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So's a Washington.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Jan 12th, 2013 at 09:32:11 AM EST
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Accepted without difficulty in exchanges, so has transactional value.
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jan 12th, 2013 at 10:26:21 AM EST
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If Peter Sellars was still alive there'd be a new film adventure for the Dutchy of Grand Fenwick

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Jan 12th, 2013 at 05:50:36 PM EST
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Booman is still clinging to the "real metal value" theory and refusing to differentiate (like Fox News) between bullion and proof coins.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Sat Jan 12th, 2013 at 06:41:44 AM EST
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Booman is serious.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Sat Jan 12th, 2013 at 07:17:09 AM EST
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No, but he is desperately trying to be - getting inside White House briefings - and trying to coral some of the wild cats of the progressive blogosphere on their behalf. However I think his attitude highlights a real problem with the progressive blogosphere in the USA. Most US liberals and progressives are, more or less, economically illiterate and haven't gotten past Austrian or Chicago school economics 101. They share the same basic assumptions and theoretic constructs of  austerity economics, even if they would like to temper it's extremes by saving as much of the New Deal and Great Society as they can.

However I also think Boo is probably correct in his assessment of how the Trillion $ coin would play in the US. Obama has desperately been trying to play "the adult in the room" and keep Wall Street onside. So far he has the Republican right more or less where he wants them - unhinged from establishment Republicans who voted for the Fiscal Cliff compromise.

Obama risks uniting the Republican and conservadem establishment against him if he goes the coin route.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Sat Jan 12th, 2013 at 07:45:29 AM EST
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<>However I also think Boo is probably correct in his assessment of how the Trillion $ coin would play in the US. Obama has desperately been trying to play "the adult in the room" and keep Wall Street onside.
yeah...
There seem to be two kinds of objections. One is that it would be undignified. Here's how to think about that: we have a situation in which a terrorist may be about to walk into a crowded room and threaten to blow up a bomb he's holding. It turns out, however, that the Secret Service has figured out a way to disarm this maniac -- a way that for some reason will require that the Secretary of the Treasury briefly wear a clown suit. (My fictional plotting skills have let me down, but there has to be some way to work this in). And the response of the nervous Nellies is, "My god, we can't dress the secretary up as a clown!" Even when it will make him a hero who saves the day?
(Krugman)

I suppose for serious people like Booman, a great depression and a government default are better than looking foolish in the eyes of the Boeotians.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Sat Jan 12th, 2013 at 07:57:28 AM EST
[ Parent ]
Most US liberals and progressives are, more or less, economically illiterate and haven't gotten past Austrian or Chicago school economics 101. They share the same basic assumptions and theoretic constructs of  austerity economics, even if they would like to temper it's extremes by saving as much of the New Deal and Great Society as they can.
Stephanie Kelton calls them deficit doves, as opposed to deficit hawks. Both believe deficits should be reduced, it's just that the liberal deficit doves are willing to entertain short-term stimulus policies.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Sat Jan 12th, 2013 at 10:24:43 AM EST
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When I met Kelton and Wray at a conference here some time ago, I had no idea how important they, and their ideas were about to become. I even asked her the conventional economic question about "printing money" ultimately leading to inflation and was surprised by the vehemence of her response to the contrary. Part of me wants Obama to mint the coin just to see Republican and Conservadem heads explode. Part of me wants him to face the political fall-out of a (probable) failed impeachment attempt just to overturn the whole conservative economic narrative of the right. After all he did promise to be a transformational President...

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Sat Jan 12th, 2013 at 11:49:34 AM EST
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Talking Points Memo (via Krugman) has a rogue's gallery of nine options for the Coin, including Reagan and Dr. Evil.
by Gag Halfrunt on Fri Jan 11th, 2013 at 08:21:13 AM EST
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Biden looks like the leather-wearing, hard partying persona the Onion has given him. ("Oh, you know, attitude, attitude! Uh... sunglasses!")

Are those moons for Gingrich? Don't get it.

-----
sapere aude

by Number 6 on Fri Jan 11th, 2013 at 09:00:09 AM EST
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TPM might be implying Gingrich is a loony - although I couldn't possibly comment. (Maybe bat shit would have been too small and not distinctive enough.)

But it looks like the Canadians got there first.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Jan 11th, 2013 at 09:07:15 AM EST
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"Colony on the moon" promise during primaries.
Should have remembered that.

-----
sapere aude
by Number 6 on Fri Jan 11th, 2013 at 09:29:50 AM EST
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I should think looks don't matter...

But this whole issue exists at a wonderous juncture of farce and satire on the one hand and current US law and politics on the other and is thus inherently an issue of drama and theater where appearance is of the essence.  

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jan 10th, 2013 at 05:54:26 PM EST
[ Parent ]
And I like reclaiming the icon of The Boston Tea Party from modern day crazies.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jan 10th, 2013 at 05:56:28 PM EST
[ Parent ]

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