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<p>[QUOTE=&quot;John Burgess, post: 6457382, member: 105098&quot;]Face value is designated by the coinage act of 1873... or the earlier one?.</p><p>It&#039;s legislated though.</p><p><br /></p><p>The cap is set at $100 currently but according to the act this relates up to gold coinage.</p><p><br /></p><p>About the $200 cap you heard of. The government&#039;s&nbsp; been kicking around the idea of making a platinum coin with the fed and denominating it $1 trillion since the act doesn&#039;t set a rule on platinum, to get around having to secure a bond for borrowing. If they need money stamp out a $1 trillion dollar platinum coin and call it a day.</p><p><br /></p><p>Of course there&#039;s concerns over doing this, as expected, now enters this $200 cap which I think they would apply to platinum to lock that down to $200 per coin and make it hard for the governement to just bang out a single $1 trillion dollar coin weighing 1 or 2 oz. Or whatever .... they&#039;d have to make 5 billion of them to secure the $1 trillion.</p><p><br /></p><p>As a side effect they could also technically re-value platinum from $200 down to $100, gold from $100 , however they want to and adjust the silver eagle as the see fit.</p><p><br /></p><p>None of this is gonna happen though. They will stick to the way it&#039;s always been, securing a bond to borrow. Someone just kicking around an idea, and not gaining traction except in the opposite direction to limit it&#039;s ability. Some congress person found a loophole in the law that could be exploited (platinum valuation for coins not being specifically mentioned) and saying &quot;why not just stamp out a couple $1 trillion valued platinum coin and print some money?&quot;</p><p>&nbsp;The fed banks would never go for it unless there&#039;s $1 trillion in platinum to back it in each coin or multiples of coins.</p><p><br /></p><p>Platinum denominated at $100, the current max for this reason but as the act is written it technically doesnt have to be because the act applies to gold as the top metal for u.s. coinage.</p><p><br /></p><p>Anyways I&#039;m pretty sure that&#039;s what this is about. No the mint or government can&#039;t just do whatever they want. They are locked down to $100 except for platinum and paladium and some genius had a bright idea back in 2011 to make a 1Trillion platinum coin and start borrowing from themselves instead of bonds.... hahahaa. Since then there&#039;s been talk of raising the cap to $200 as the max coin denomination.[/QUOTE]</p><p><br /></p>

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