It is unclear whether Mr. Trump has the power to do this. It is Congress, not the Treasury or the Federal Reserve, that authorizes the manufacture of the nation’s coins, according to the U.S. Mint.

Treasury Secretary Janet Yellen dismissed the idea of minting a $1 trillion platinum coin to raise the debt limit without Congress as a "gimmick" that the Fed may not agree with.

The mint also loses money on the nickel, with each of the $0.05 coins costing nearly $0.14 to make. READ MORE: Trump says he plans to impose steel and aluminum tariffs, with more import duties coming ...

The idea captured the imagination of academics and pundits alike, leading to calls on social media to mint the coin and approving columns from the likes of Joe Weisenthal, now a Bloomberg writer ...

Legislation enacted in 2001 allows the treasury to mint platinum coins of any value without congressional approval. Under that law, the coin's value could be anything, but it would have to be ...

Proponents suggest Congress use its minting power to create new money in the form of a trillion-dollar coin to fund itself and sidestep the debt limit. The Constitution explicitly gives Congress ...

Topline Treasury Secretary Janet Yellen on Tuesday dismissed the contentious idea of tapping a legal loophole to mint a $1 trillion coin as a last-ditch effort to help the United States pay its ...