Cool Trivia Question

ill clear this up real quick. it was minted in the 21st century. i am going to PM the answer to a few.

 

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the ratio was pretty clear in the post, especially with the fractional comparisons.

 

Well, would one of those blessed with the answer please post the answer here for the rest of us unwashed masses.

 

i would rather see what other people come up with first

 

i mean, otherwise i would have posted it

 

How about 1900 Indian Head Cent on 2.5 gold planchet? I'm coming up with a 15,950/1 ratio.

 

Canada 2012 Farewell to the Penny 1/25 oz gold 1 cent coin.
Face value : 0.01 CAD
Melt value: 58 CAD

Ratio 1 : 5800

 

UK 2002 gold 1 penny

Face value: 0.01 GBP
Melt value: 163 GBP

Ratio 1: 16300

 

mine was the 5oz - 1cent farewell to the penny. i tip my hat to you wcoins

 

Thanks, great thread, we need more threads like these on CT.

Hope someone can come up with a higher ratio

 

i thought there was a 1kilo 1cent farewell to the penny coin but i was wrong. but i am still searching for a more perverse ratio

 

How about the proposed 1 ounce platinum 1,000,000,000,000 dollar coin? It may not have made it past being hypothetical, but would smoke just about anything else.

 

math challenged.

 

What about the proof 69 5oz. Koala from Canada

Sent from my SPH-L520 using Tapatalk

 

Here's one:

Isle of Man 1978 1 penny (0.2443 oz platinum)

Face value : 0.01 pound
Melt Value: 210 pound

Ratio 1 : 21,000

 

Was that made to pay off the debt? 20 of those and it's all gone, right?
Never heard of it, who proposed that?
It wouldn't qualify here though, the point is to find coins with low face value and high PM content

Never heard of it, got a link?

 

1 kilo cent would indeed be the absolute winner.
Perverse ratio lol
These Isle of man platinum coins are the coins with the most perverse ratio I could find

 

the grade (PF69) is irrelevant

 

dude. thats awesome. you thoroughly won.

 

It was all hypothetical, but according to wikipedia the idea appeared during the 2011 budget crisis. It gained more traction during the 2012 fiscal cliffs talk, up until it finally made headlines. The basis of the idea is that since there are no laws dictating what denominations platinum bullion must be minted in, the mint could take any amount of platinum and strike it into a 1 trillion dollar coin. If my understanding is correct, the coins were never meant to be used to pay off the whole debt, as doing such would be instant hyperinflation, which in turn would have major and likely negative effects on the US economy. However, the coins could have been used to eliminate the debt the US has to the Federal Reserve Bank. This debt is close to 2 trillion dollars and is also sort of useless. The platinum coins would have given the country the ability to erase this debt without abolishing the federal reserve. This would have dropped the debt well below the debt ceiling of the time, thus putting off the crisis for another year or two. However, the situation is deeply wrapped up in politics, so it is dangerous to talk about. Either way, the idea was ultimately rejected, though the next time the debt ceiling is hit the hypothetical coins might have a resurgence of sorts.