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V25 2022 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 25, Number 31, July 31, 2022, Article 25

ONE POUND BULLION COINS

Speaking of bullion coins, Wayne Pearson submitted these thoughts on possible U.S. bullion coins. Thanks. -Editor

  Bullion giant coin

Canada and Australia have issued huge sized bullion coins with diameters similar in size to 100 pound weight plates for barbells, and as big as tires for some farming equipment.

That is a lot of bullion to be put in one place and something the average person couldn't afford.

And there were musings about issuing a trillion dollar platinum coin.

  Bulliontrillion dollar coin

However, the trillion dollar idea prompted me to come up with another idea.

The gold and silver bullion program was started with the idea of paying down the NATIONAL DEBT.

Honestly, I don't know if there is enough bullion in the world to pay off all of our debt.

My idea is not to waste bullion in huge sizes but to offer a smaller version in ONE POUND sizes.

Gold and silver examples shown.

  Bullion eage design 1 Bullion eage design 2

These coins will purposely be over priced because the intent is to raise money for the national debt. Even if only the rich can afford them.

A coin like Canada issued with 100KG of gold, could be better handled by selling smaller one pound versions and charging a lot more than the price of 12 one ounce coins.

Links:
https://www.dw.com/en/berlin-museum-director-responds-to-shocking-giant-coin-theft/a-38213691
https://www.cointalk.com/threads/australia-unveils-55-million-gold-coin.253143/
https://www.dailymail.co.uk/news/article-10065319/Biden-mint-trillion-dollar-coin-minute-Janet-Yellen-invokes-option-debt.html
https://www.usmint.gov/news/ccac-meetings/american-eagle-proof-and-bullion-silver-coin-reverse
https://www.usmint.gov/coins/coin-medal-programs/american-eagle/gold-proof

THE BOOK BAZARRE

A PENNY SAVED, Kenneth Bressett's memoir of R.S. Yeoman and His Remarkable Red Book, also tells the history of Whitman Publishing as well as his own unique life story in and out of numismatics. Enjoy more than 100 years of fascinating numismatic history in 352 richly illustrated pages, 8.5 x 11 inches, hardcover. Order your copy online at Whitman.com , or call 1-800-546-2995.



Wayne Homren, Editor

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