The Platinum Coin: It’s a Really Bad Idea

Jan. 11 (Bloomberg) -- “The history of coinage is indeed, in many cases, a melancholy record of fraud, folly, and ignorance.” So wrote Sir John Lubbock in his classic 1902 book, “A Short History of Coins and Currency.” And I will freely admit that my first reaction, on hearing about the platinum coin, was to nod sagely and tell myself that Lubbock was right.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.