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Krugman: "Should President Obama be willing to print a $1 trillion platinum coin if Republicans try to force America into default? Yes, absolutely. He will, after all, be faced with a choice between two alternatives: one that’s silly but benign, the other that’s equally silly but both vile and disastrous. The decision should be obvious."

But not all coins are flat and round. In fact, some are positively uncoinlike:

Leonardo Da Vinci's famed Equestrian statue is featured on this pair of square silver 500 Tugrik coins from Mongolia:

A fan-shaped Proof sterling silver 10-zloty commemorative coin marking the occasion of the World Exhibition Expo 2005, held in Aichi, Japan, was issued in March by the National Bank of Poland:

The most oddly shaped coin has to be the .999 fine silver 2002 $10 issue from the Republic of Nauru, an island republic located in the western Pacific Ocean. The Proof coin celebrates the introduction of the euro with a coin shaped in the outline of the nations that comprise the European Economic Union:

Somali Republic's 2004 commemorative dollar coin is shaped like a guitar to mark the 50th anniversary of rock and roll music and the Stratocaster guitar. The non-denominated side, left, is enameled. The multi-colored Guitar coins have proved unbelievably popular with coin collectors, guitar enthusiasts, Rock 'n Roll fans and the general public. They are designed after famous electric guitars, including the classic red and white Fender Stratocaster, an American Flag Stars and Stripes Gibson Flying V, a black Gibson Flying V, a pink star Guitar used by various rock stars including Gary Glitter and Abba, a blue Gibson X-Plorer and a yellow Klein. The coins are 1 Dollar legal tender coins and they are approximately 45mm (1.75 inches) long:


Source: "Fleur de Coin" website

So, what shape should the US $1T coin take?

I'm partial to giving it the shape of the GOP elephant:

Or maybe the US Capitol dome.

What do you think?

Talking Points Memo has a few more fun suggestions.

Poll

Should the US mint a $1T coin to avoid default?

55%11 votes
35%7 votes
10%2 votes

| 20 votes | Vote | Results

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Comment Preferences

  •  A penny (or more) for your thoughts... (4+ / 0-)

    Support the Fair Wages Tariff!

    by Jimdotz on Sun Jan 13, 2013 at 11:45:34 AM PST

  •  I like the last one with Dr. Evil (2+ / 0-)
    Recommended by:
    Jimdotz, Andrew F Cockburn

    Also this one;

    Obama coin

    Come on Obama, do it, solve the problem and blow their little minds!

    Daily Kos an oasis of truth. Truth that leads to action.

    by Shockwave on Sun Jan 13, 2013 at 11:59:24 AM PST

    •  I would rather put Reagan on the $1T coin... (4+ / 0-)

      After all, he's the one who first taught Dick Cheney that deficits don't matter. Right?

      Support the Fair Wages Tariff!

      by Jimdotz on Sun Jan 13, 2013 at 12:12:22 PM PST

      [ Parent ]

      •  Jim - as coffeetalk notes below (2+ / 0-)
        Recommended by:
        BachFan, Andrew F Cockburn

        The Obama administration has taken the $1 T coin off the table making the predictable decision that the legislation that created the platinum coin was never intended to be used for anything other than commemorative coins. Hopefull people will now stop writing about the $1 T coin. The WH has also taken the "14th Amendment" option off the table so maybe people will stop writing about that as well.

        "let's talk about that"

        by VClib on Sun Jan 13, 2013 at 12:29:09 PM PST

        [ Parent ]

        •  It is not at all dead.... (3+ / 0-)

          First of all, the statement was about the Debt Limit, not about how the White House would or could respond if Congress should fail to do its duty.

          Second, all options are unthinkable until they become thinkable... always.

          Support the Fair Wages Tariff!

          by Jimdotz on Sun Jan 13, 2013 at 12:33:39 PM PST

          [ Parent ]

          •  Here is the official White House statement: (2+ / 0-)
            Recommended by:
            Shockwave, Andrew F Cockburn
            Statement by the Press Secretary on the Debt Limit

            “There are only two options to deal with the debt limit: Congress can pay its bills or it can fail to act and put the nation into default. When Congressional Republicans played politics with this issue last time, putting us at the edge of default, it was a blow to our economic recovery, causing our nation’s credit rating to be downgraded. The President and the American people won’t tolerate Congressional Republicans holding the American economy hostage again simply so they can force disastrous cuts to Medicare and other programs the middle class depend on while protecting the wealthy. Congress needs to do its job.”

            This says absolutely nothing about the $1T coin nor about any other possible WH response should Congress "fail to act".

            Support the Fair Wages Tariff!

            by Jimdotz on Sun Jan 13, 2013 at 12:39:09 PM PST

            [ Parent ]

            •  For now it's probably a good idea (2+ / 0-)
              Recommended by:
              Andrew F Cockburn, Shockwave

              For the President not to unveil any disposition towards executive action to avert a cliff. He wants to pin this mess on the Republicans, and only the Republicans.

              Republicans are far more socialist than Democrats. Just because they want to redistribute the wealth upwards does not make it any better.

              by MrAnon on Sun Jan 13, 2013 at 02:56:36 PM PST

              [ Parent ]

        •  So make a whole bunch of little tiny platinum (3+ / 0-)
          Recommended by:
          JeffW, Andrew F Cockburn, Shockwave

          coins, denominate them at $1,000 each, and sell them to the general public.  Star-shaped, smaller than a dime, with Reagan's face on the front and the value on the back.  Or similar coins intermediate between dime and nickel size, valued at $10,000.  Even if they don't all sell, the Treasury would have it's money without violating even the spirit of the platinum coin law.  

          Renewable energy brings national global security.     

          by Calamity Jean on Sun Jan 13, 2013 at 03:31:37 PM PST

          [ Parent ]

          •  The spirit of the law is to allow bullion coins (1+ / 0-)
            Recommended by:
            Shockwave

            to be minted, not to enable the Treasury to print money. If the coin has a face value of more than the value of the platinum in the coin, it violates the spirit of the law. And if the $1000 coins have $1000 of platinum in them, they're not going to generate any money to finance the government.

  •  Um, the trillion dollar coin idea (3+ / 0-)
    Recommended by:
    VClib, BachFan, Andrew F Cockburn

    is now dead.

    •  Um. Got to read between the Lines (3+ / 0-)
      White House Press Secretary Jay Carney says there are only “two options” to deal with the looming need for the U.S. government to pay creditors for federal funding it has already spent. Minting the proposed currency to pay it off and avoid an impending battle with Capitol Hill is not one of them.

      “Congress can pay its bills or it can fail to act and put the nation into default,”

      The Krugman Coin will be in play after the Republicans force National Default.

      Notice: This Comment © 2013 ROGNM

      by ROGNM on Sun Jan 13, 2013 at 12:25:01 PM PST

      [ Parent ]

    •  Are you kidding? That is a non-denial denial. (2+ / 0-)
      Recommended by:
      ROGNM, Andrew F Cockburn

      Here is the official White House statement on the issue:

      Statement by the Press Secretary on the Debt Limit

      “There are only two options to deal with the debt limit: Congress can pay its bills or it can fail to act and put the nation into default. When Congressional Republicans played politics with this issue last time, putting us at the edge of default, it was a blow to our economic recovery, causing our nation’s credit rating to be downgraded. The President and the American people won’t tolerate Congressional Republicans holding the American economy hostage again simply so they can force disastrous cuts to Medicare and other programs the middle class depend on while protecting the wealthy. Congress needs to do its job.”

      The White House is just trying to pressure Congress into doing its job, and also to appear reasonable. Nowhere in that statement does it say that the $1T coin could not become an option.

      Support the Fair Wages Tariff!

      by Jimdotz on Sun Jan 13, 2013 at 12:30:22 PM PST

      [ Parent ]

  •  Ought to put a hole on the middle so that it won't (2+ / 0-)
    Recommended by:
    Jimdotz, Andrew F Cockburn

    be so Fox "news" Heavy.

    Notice: This Comment © 2013 ROGNM

    by ROGNM on Sun Jan 13, 2013 at 12:26:40 PM PST

  •  It should have five sides, aka be pentagonal. (3+ / 0-)
    Recommended by:
    Jimdotz, ROGNM, Andrew F Cockburn

    I'm undecided about whose likeness should be on the front, but it should have a Predator drone on the back.

  •  its should be the same shape as Kissinger's (2+ / 0-)
    Recommended by:
    Jimdotz, Andrew F Cockburn

    Nobel Peace(sic) Prize

    The official talks still did not begin. South Vietnam raised a series of procedural issues, the most prominent of which were the particular use of flags and name plates, the speaking order of the participants, and the physical arrangement of the conference, including most notably the shape of the conference table. On the latter issue, the North Vietnamese and the National Liberation Front (NLF) insisted on a four-sided table to emphasize equality between the parties, while the United States and especially the GVN favored a two-sided arrangement that did not obviously give the NLF equal footing with the GVN. (250, 260, 264) On January 2, 1969, the North Vietnamese relented on their requirement that made flags and nameplates contingent upon the acceptance by the other side of a continuous round table. (268, 269) On January 7 Johnson sent Thieu a strongly worded message to desist from the "continued stalemate on present lines" that was undermining public support within the United States for South Vietnam. (276) Thieu continued to refuse to consider such a trade-off from his original position on the shape of the table. (277-279) Pressure on Thieu from Washington coupled with the involvement of Soviet diplomats eventually overcame this impasse. On January 13 the Soviet Ambassador in Paris directed his subordinate to propose a resolution: a round table with two smaller rectangular tables at opposite sides; no flags or nameplates; and speaking order arranged by the drawing of lots. (280, 281) Both the North Vietnamese and the American delegations agreed to this proposal on January 15, as did both South Vietnam and the NLF the next day. (283, 284) On January 18 the first meeting between the four parties, which focused solely on modalities for the substantive talks, was held. (286) The Johnson administration left office on January 20, 1969, with the knowledge that peace talks were finally underway. Guide to Sources on Vietnam, 1969-1975

    Warning - some snark above‽ (-9.50; -7.03)‽ “If someone has a tool and is trying to negate your existence it would be reasonable to reciprocate in kind with your own tool.” - Dalai Lama XIV (sic)

    by annieli on Sun Jan 13, 2013 at 12:36:16 PM PST

  •  How about the shape of a great big ol' (2+ / 0-)
    Recommended by:
    Jimdotz, Andrew F Cockburn

    middle finger flipping the bird?  As in, "Eff you, Republican Tea baggers!"  

    As you point out, it doesn't have to be round.  

    :^)

    Metaphors be with you.

    by koosah on Sun Jan 13, 2013 at 12:40:33 PM PST

  •  In Between Susan B Anthony and Quarter Sized (4+ / 0-)
    Recommended by:
    koosah, ROGNM, Jimdotz, Andrew F Cockburn

    and round.

    As a longtime street busker, I always regard Anthony as the Patron Saint of Buskers because tipsy passers-by would often flip me one thinking it was a quarter.

    I'd love to have somebody accidentally tip me one trillion dollars some day.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Sun Jan 13, 2013 at 12:50:15 PM PST

  •  Like this: (2+ / 0-)
    Recommended by:
    Jimdotz, Andrew F Cockburn

    Clipped Coin

    Obviously clipped and vaguely shaped like Iraq.

  •  Shape it based on what it is (2+ / 0-)
    Recommended by:
    Jimdotz, Andrew F Cockburn

    A trillion is a round number, so make it circular.

    On the other hand, a trillion is a million squared, so it should be square.

  •  Make it a ring (2+ / 0-)
    Recommended by:
    Jimdotz, Andrew F Cockburn

    With elvish script....

  •  The coin is a theoretical idea that is impossible (0+ / 0-)

    to explain without ordinary people thinking that you have lost your mind.

    So it should be a Klein bottle: a theoretical shape that is impossible to explain without ordinary people thinking that you have lost your mind.

  •  Make it the shape of a giant suppository (0+ / 0-)

    cut into quarters and provide the proceeds with love to Mitch McConnell, John Boehner, Eric Cantor and Paul Ryan  along with this instructional link.

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