$100k Coin To Monetize Our Way Out Of Depression?

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Author	Replies: 3 / Views: 1,332
LadyLiberty New Member United States 1 Posts	Posted 01/13/2012 5:10 pm Does anyone know of a coin minted by the U.S. Mint sometime during the Depression for the purpose of monetizing our way out of the Depression by selling it to the Federal Reserve Bank? It supposedly had a value of $100,000. After a lot of digging on the internet, I could not find any information on it. If such a coin did exist, as much information as possible (description of the coin, history, picture, etc.) would be very helpful. Thank you! Report this Post to the Staff

1922dubledie New Member United States 43 Posts	Posted 01/13/2012 5:17 pm I have not heard that before but it might be true. Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 01/13/2012 5:41 pm An urban legend, I think; probably a way to justify this not-so-brilliant idea... https://goccf.com/t/94280 We have never had a $100,000 coin. We did have a $100,000 gold certificate. It was only used for transfers between Federal Reserve Banks and was never used by the general public. Since these were gold certificates, each one created had to be backed by an equivalent amount of gold. They could not just print one of those like they could the current (un-backed) Federal Reserve notes. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 01/13/2012 6:37 pm Perhaps a copper plated, zinc cored coin, with a face value of $100,000, of a size a few of us may be familiar with, could do the trick! or Report this Post to the Staff
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