The platinum coin, explained by the creator of the idea

Minting a coin that can pay off the federal debt has been proposed as a quick fix to rampant borrowing.

The trillion-dollar coin is a proposed platinum coin with a face value of $1T, which could be used to reduce the national debt

This conceptual strategy was first proposed in 2011 as a potential alternative to raising the US debt ceiling. Although there were several high-profile proponents of the idea, it was eventually rejected in 2013 by Treasury Department and Federal Reserve officials.

The US Mint created a video to show kids how coins are made

The video, made simple for children (or anyone who wants an easy-to-understand 101 video about the process coins go through to get in your wallet), outlines the entire process that a coin goes through in its lifetime, from Congress voting on new coins, to how coins are stamped, to their journey to a Reserve Bank.

Before the US Mint, people made currency in private mints

Around the year 1652, New England coinage was created at private mints. Historically, private mints were often located in places where governments did not meet the demand for currency. This article dives into the history of private mints, including the ones people can still visit today.

In 1792, Congress established the first national mint to produce all the coins in the US

At the same time, the US also started producing the dollar, its first official currency. The US Mint has since issued coins throughout the country.

The Mint’s first circulating coins were 11,178 copper cents

Congress authorized the first national mint in Philadelphia. The next year, the Mint delivered its first circulating coins, which were bigger than today’s quarters. This article shows more early US currency.

Some coin denominations have ridges on their sides in part to prevent counterfeiting.

The case against the penny

It takes roughly three cents to produce a single penny, with an annual price tag of nearly $100M. The ubiquitous copper coin is scarcely used, ending up in jars or lost in couches, necessitating even more replacement coins, perpetuating a vicious circle. Studies suggest eliminating the coin would not cost consumers money. See a quick overview of the problem here.

The US developed a coin circulation problem in 2020

As people reduced the frequency with which they paid for things in cash and change during the COVID-19 pandemic, opting for tap-to-pay systems or online shopping instead, the number of coins in circulation decreased. Those who did make cash purchases were more likely to keep their change at home rather than use it on a subsequent purchase.

The designs on US coins have changed a lot over the years

From states producing and issuing their own coins after the Revolutionary War, to collectors’ coins in modern times, US coins have had many design changes throughout history. You can learn about the different variations, plus what design elements are added to all US coins today, in an article.

‘Mint marks’ are tiny letters on US coins that correspond to which mint location created them

As more mint branches opened up after Philadelphia (the first mint location), these “mint marks” helped hold each branch responsible for the quality of the coin. A coin minted in Philadelphia, for instance, would have the letter “P” on it. Some mint marks are extremely rare, making coins displaying them particularly valuable to collectors.

Colonial Americans used tobacco, wampum, and land-backed notes to solve a chronic coin shortage

British coins rarely circulated in the colonies due to an unfavorable trade balance, forcing colonists to improvise. They traded in Spanish dollars, Native American shells, tobacco warehouse receipts, and eventually paper money backed by land rather than gold.

President Trump ordered an end to US production of the penny in 2025

The US will stop producing pennies after more than 233 years in 2026, though they will still be considered legal tender. It takes roughly three cents to produce a single penny, with an annual price tag of nearly $100M.

A startup is trying to create the diamond equivalent of the gold standard

It's called the Diamond Standard Co, and it uses an algorithm to assign standard values to a variety off small diamonds, grouping them together into individual coins. Historically, diamonds haven't been able to be classified as commodities or standardized like gold because they aren't uniform—factors such as clarity, cut, color, and carat size significantly influence the value of a diamond.

Watch what would happen if you literally had all the money in the world.

Throughout most of the 1800s, US currency was backed by silver and gold

In post-Civil War America, the government moved to use only the gold standard. This was how US currency was backed for decades in the US. You can read a comprehensive explainer on the gold standard and its history in the US to learn more.

The 6 US Mint locations across the country work together to create America’s coins and more

While the US Mint at Denver makes circulating and collectible coins, the US Bullion Depository at Fort Knox stores much of the country's gold. Other locations include the San Francisco Mint, the Philadelphia Mint, the headquarters of the US Mint in Washington, DC, and the West Point Mint.

America's most misunderstood dollar

The $2 bill isn't rare; it's just hiding. First printed in 1862, stopped in 1966, and revived in 1976, there are still 1.6 billion in circulation. People just don't spend them.

When the US hits the debt ceiling, the Treasury uses emergency measures to avoid default

After the US reached its debt ceiling in January 2023, the Treasury deployed "extraordinary measures" to keep paying obligations. This article explains the steps, how they work, and why they last only for a limited time. (Some readers may experience a paywall.)

Here's why pennies don't make sense

Did you know that pennies cost roughly 3 cents to produce? That fact doesn't seem to make sense, being that pennies are only worth 1 cent each. This podcast episode explains why we still have pennies, plus where they came from, why Americans don't use pennies, and how we got here. Click here to listen.

Each design detail on the US $1 bill has significance

The eye in the triangle floating above the pyramid, for instance, is “the Eye of Providence watching over and ensuring the endurance of the structure of the American government.” This article details every design choice’s significance on the dollar—and a few conspiracies around these choices as well.

Benjamin Franklin advocated for the use of paper money and even engineered some key anticounterfeiting techniques used today.

A live bald eagle named Peter once lived at the Philadelphia Mint, the place responsible for producing circulating US coins.

The Secret Service was originally formed to combat counterfeiting

By the 1860s, an estimated one-third of US currency in circulation was counterfeit. In 1865, the Secret Service was created specifically to combat the country's serious counterfeiting problem, which had led to widespread financial instability. This was partly due to the lack of federal currency standardization in the country at the time.

Governments have historically used counterfeiting for economic warfare

Inserting fake currency into an economy can help destabilize it. During the American Revolution, for instance, the British distributed counterfeit “Continental Dollars” in an effort to devalue the currency being used in the US at the time with the goal of undermining America’s growing financial credibility. The Nazis also ran an extensive counterfeiting scheme during WWII.

The Platinum American Express card is among the most expensive mainstream travel credit cards

American Express charges a $895 annual fee on its Platinum Card in exchange for nearly $3.5K worth of credits and benefits. Some of the credits include a $600 for hotels, a $400 credit at restaurants with Resy, a $300 Lululemon credit, and even a $200 credit at Oura ring. (Some users may experience a paywall.)

Up to to $68M in coins ends up in American landfills each year.

Waste facilities and TSA say they collect thousands of dollars of discarded money per year. A Wall Street Journal reporter visited a waste facility and learned what you can do with your extra change.

The story of the ‘forgotten’ US Mints

Some US Mint branches that are now inactive were established during gold rushes during times of great demand. These include mints in Dahlonega, Georgia, Charlotte, North Carolina, and Carson City, Nevada. This video dives into their respective stories.

The mysterious Fort Knox houses much of America’s gold reserves

This fortified vault, built in 1936, is part of the US Mint, but it doesn’t create any currency. Only a presidential order can open Fort Knox—there has not been an audit of its contents since 1953.

The GENIUS Act passed in the US in 2025 was a major milestone for stablecoin regulation

GENIUS stands for the "Guiding and Establishing National Innovation for US Stablecoins." The GENIUS Act defines payment stablecoins as digital money rather than investments and was the first significant piece of stablecoin legislation in the United States.

The US has carried debt since 1791

After the Revolutionary War, the US owed $75M to nations like France. Debt builds when spending exceeds revenue, funding programs, wars, and economic recovery efforts. Most debt is domestic, like Social Security bonds, with foreign nations also holding a share.

America’s looming debt spiral

The United States has a debt problem. In 1989, the national debt was almost $3T. As of 2023, that number had ballooned to more than $30T. This video explains why the national debt grew so quickly, and what America's options are going forward. It also explores why the problem is trapped in political gridlock. Watch it to find out more.

The US has used a wide variety of different currencies between the 1690s and today

From colonial money to national banknotes, people have used all kinds of forms of currency throughout the history of the United States before settling on the dollar bills and quarters that we pay for things with today.

The US Mint was among the first federal agencies to hire women

In 1795, the US Mint hired two women, named Sarah Waldrake and Rachael Summers, as adjusters. At the time, adjusters weighed blank coins and “adjusted” those weighing too much by filing them down.

During the Civil War, the US government printed paper money for the first time

Those original paper bills were called “greenbacks” or “demand notes.” Since then, paper money has evolved with different designs, names, and values. Today, it is solely issued by the Bureau of Engraving & Printing.

The US has discontinued a variety of different currency denominations over the years—including a $100K bill.

The United States had a washing machine that cleaned dirty dollar bills

In the early 1900s, the US Treasury Department had a machine that washed and ironed old, soiled paper bills. The machine helped the Treasury save money by decreasing printing costs for new dollar bills, but had nothing to do with the modern understanding of money laundering.

Explore a database that shows how the US national debt changes over a 24-hour period.

Total national debt as of yesterday

Debt to the Penny is the total debt of the U.S. government and is reported daily. It is made up of intragovernmental holdings and debt held by the public.

22 fascinating discoveries of massive gold coin hoards

The gallery highlights major gold coin treasures from ancient to modern times, from the Saddle Ridge hoard in California in the 1800s (now worth $10M) to finds in Baltimore, Kentucky, and more. Each discovery reveals something about the period, with some buried and others left in vaults.

There have been many versions of US banknotes throughout history

From the Civil War to the present day, the US has gone through many, many versions of paper money (or “notes”). Some notes, like “demand notes,” were created to finance the Civil War. Others, like “treasury notes,” helped pay for silver.

How US currency is issued

Cash in the US is the result of a collaborative process between the Federal Reserve, the Treasury Department, regional banks, and a little-known agency called the Bureau of Engraving and Printing. From design to issuance, learn the steps in currency production in the US with this smart, aesthetic interactive.

What happens if the US doesn't pay its debt?

A video created during the debt ceiling debates of 2021 outlining what would happen if the US failed to meet its debt obligations. Its lessons are applicable to today's debates.

The US debt ceiling is the threshold Congress sets for federal borrowing.

Dive into the fascinating journey of a Federal Reserve note

Ever wondered how long an individual dollar bill lasts? After cash is designed and produced, money circulates in the economy, with $100 bills staying in use for the longest on average—roughly 15 years—and the $10 lasting just less than five.

A gold standard is a system where every dollar in circulation can be exchanged for a set amount of gold

For centuries, the things people used as money had intrinsic value, such as precious metals like gold. In medieval Italy, giant wheels of parmesan cheese were once used as a store of value.

The federal debt ceiling 101

The debt ceiling periodically takes center stage as Congress debates whether to increase or suspend this self-imposed limit on its borrowing authority. Learn the basics on this crucial feature of US fiscal policy with this Q&A.

The portrait of George Washington was first placed on the one-dollar bill in 1869

Trace the history of the US dollar from its colonial roots to its adoption as the national currency. The video explores the word's Germanic origins, how the dollar sign evolved from the Spanish peso, and how Washington's portrait came to define US paper currency.

Stablecoins could give people in high-inflation economies access to stronger currencies

Specifically, stablecoins could provide a way to make sure these funds remain valuable during times of volatility. Some examples of people without access to the US dollar using stablecoins as a store of value have been observed in Venezuela.

Every printed bill has its own unique serial number

In the US, each bill also has its own plate number, series year, Treasury seal, and more. Each design helps track money and combat counterfeiting.