Newfoundland 2 dollar coin Newfoundland 2 dollar coin The Newfoundland 2 dollar coin was issued in intermittent years between 1865 and 1888. It was the only circulation gold coin issued by a British colony. Although few coins were issued, it was broadly used in Newfoundland and Eastern Canada. The coin became scarce in 1894 because of hoarding following the collapse of Newfoundland's banks and monetary system. Prior to Canadian confederation in 1867, provinces and colonies had separate currencies. Having been a colony from its founding until 1907, and then a dominion prior to joining Canada, Newfoundland had its own currency, the Newfoundland dollar, until
Trillion dollar coin the other hand, many economists and business analysts endorsed the coin as a way to counter threats by congressional Republicans to force the country into default by refusing to raise the debt limit. Paul Krugman said "So minting the coin would be undignified, but so what? At the same time, it would be economically harmless — and would both avoid catastrophic economic developments and help head off government by blackmail." He also declared the trillion dollar coin debate to be "the most important fiscal policy debate of our lifetimes". Michael Steel, spokesperson of House Speaker John Boehner, dismissed the concept