October 21, 2007
Making progress on the dollar coin experiment
Spent a bunch of dollar coins today in various businesses explaining the cost of the paper dollar vs. dollar coin programs.
People are pretty blown away at how many were minted this year. $700+ million worth and the cost to produce dollar bills $500 million.
The kids like them too, one commented to me today that they were like gold dubloons. He wanted to use those instead of paper money.
So there is a little bit of a pirate in all of us.
Posted by Peter at 01:09 PM
October 10, 2007
NWFF Loves the Dollar Coin
Spent $3 at the Northwest Film Forum during a break at my screen writing class.
The concessions staff loved the coins and the idea behind the social experiment to educate people about the coin dollar.
Success!
Posted by Peter at 07:27 PM | Comments (0)
My ongoing story of the dollar coin experiment
Went to get some more dollar coins from a Washington Mutal bank in Seatle today. They had several $25 rolls of the Thomas Jefferson coins, so I bought $25 worth.
One of the things I have been wondering about is how many of these coins are in actual circulation being used as currency vs. just being collected.
Here are the 2007 numbers:
Washington $340,360,000
Adams $224,560,000
Jefferson $203,610,000
Almost $800 million. Not bad all this considered.
I'll let you know where I spent some of these Jefferson's in upcoming posts
Posted by Peter at 02:30 PM | Comments (0)
August 18, 2007
Spinning hunks of metal and magnets are so 20th century, so are $1 bills.
Spinning hunks of metal and magnets are so 20th century - JeffB
This was a quote from one of my co-workers last week, while talking about using solid state drives(SSD) in our project.
It got me thinking about other things that are 20th century.
Dollar Bills - Dollar bills are a real anachronism. They represent a wasteful use of resources. If the US stopped making $1 bills, it would save $500 million a year according to the US GOA.
I am doing a 6 month experiment to use the $1 coin.
Today, I went to Washington Mutual in the market in Stanwood, Wa to see if I could find any. To my surprise, they had $25 worth on site, I took $10 and spent $1 at Starbuck's.
Nobody got upset getting me them, Starbuck's took it without a blink of an eye. The only person who gave me grief was my wife. She hates them.
I'll keep blogging on my adventure with the $1 coin.
Posted by Peter at 03:18 PM | Comments (0)