jack avatar
Jack
closes Jan 1, 2024
Will the US mint a "trillion-dollar platinum coin" in 2023?
8%
chance

Resolves YES if in 2023, the US mints one or more platinum coins with a denomination of at least $1 billion USD worth a combined total of at least $1 trillion USD. Otherwise NO.

Context:

https://en.wikipedia.org/wiki/Trillion-dollar_coin

The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011, as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins.

This is allowed because US Law allows the Treasury Department to "mint and issue platinum bullion coins" in any denominations the Secretary of the Treasury may choose.

There's renewed interest in the possibility because the US is expected to need to raise its debt ceiling sometime in the middle of 2023, and the current failure of the House to elect a Speaker means the House may also have difficulty passing a debt-ceiling increase:

More articles:

Currently, the highest-denomination platinum coin issued by the US Mint I could find has a denomination of $100, although the price tag to buy it is $1645:

https://catalog.usmint.gov/coins/precious-metal-coins/platinum/#srule=price-high-to-low&start=0&sz=9

Fine print:

"Worth" of a coin is defined as its denomination, so total value is number of coins minted times denomination, summed over all denominations of >=$1 billion.

Resolves based on reliable media reporting.

Related

Sort by:
jack avatar
Jackis predicting NO at 16%

Created a collection of markets on how the debt ceiling crisis will be resolved - see this one and the linked markets

Adam avatar
Adambought Ṁ4 of YES

got in at 40:1.

Radicalia avatar
Radicalia

The $1645 coin is only denominated $100.

jack avatar
Jackis predicting NO at 2%

@Radicalia You're right, thanks.