Latest Breaking News
In reply to the discussion: Fine arts panel urges Mint to make Trump gold coin 'as large as possible' [View all]DFW
(60,109 posts)It certainly brings a new definition to the word fine.
The illustration shows no denomination, so its a medal, not an NCLT coin.
No weight was mentioned, but since Trumps ego is involved, its not going to be wafer thin like an Austrian 4 Dukat coin. Figure at least four ounces, or $18,000 worth of gold at current levels. Production costs, marketing, and a profit for the mint have to be added on, or else the government is just selling gold for the same price it will cost them to replace the metal on the open market.
The USA introduced the successful American Eagle gold bullion coins (and they ARE NCLT) in 1986. Not only were there 1 ounce coinsthere were also half ounce, quarter ounce and tenth ounce coins to make them as widely accessible as possible to the world public, and it worked. For as little as $60 or so, a family or an individual could participate in the program without having to sell their car.
To free up the necessary pocket change for an ugly $20,000 medallion, even the staunchest Trumpanzee voters might balk at having to sell their first-born child into slavery to own one. Their failure on the world and domestic coin and bullion markets is pre-programmed. The few that do get sold will mostly end up at shops that trade in bullion, bought in from the public at 95% of the current market value (if youre lucky!), and then melted down within a week at the latest.
Not the best use of government resources if you ask me. Even DOGE would probably nix this project before it got off the ground, if anyone were to ask them. But, of course, no one will ask them.