Coin Value Limit: Maximum Face Value Set at $200
This bill introduces a strict limit on the face value of all coins minted by the Treasury, setting the maximum value at $200. While this change does not affect daily transactions, its primary goal is to prevent the government from minting extremely high-value coins (like the theoretical trillion-dollar coin) to circumvent the debt ceiling. This restricts a specific fiscal tool available to the government during financial standoffs.
Key points
The maximum nominal or face value of any newly minted coin is limited to $200.
The Treasury is prohibited from depositing high-value coins (including platinum coins) at the Federal Reserve for the Treasury's account.
Status:
Expired
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