When Canada introduced polymer bills last year to replace their paper ones, we thought – cool! Then just a few weeks ago, …
coins
One Promising Economic Sign: Demand for Coins is Up
The U.S. Mint circulated more quarters, dimes, nickels and pennies last year. And that’s a good thing.
White House Axes Wasteful $1 Presidential Coin Program
It cost us $50 million a year for a bunch of coins few people really wanted.
Man Fights U.S. Treasury over $80 Million in Rare Coins
A Philadelphia jeweler’s heirs are fighting the U.S. government over the ownership of gem mint “Double Eagle” gold coins, worth a total of, perhaps, $80 million or more. Treasury officials say the coins were stolen from …
Inside the Fed’s Vault: $1 Billion Worth of Unused Coins
In the basement of a Baltimore vault the size of a soccer field, 1 billion dollar coins are just sitting there. Thanks, Congress.
The Right — and Wrong — Ways to Buy Gold
I realized that I didn’t have the whole gold thing worked out when I found myself riding the New York City subway system with $12,000 worth of gold coins in my shoulder bag. The load was not only heavy; it was making me …
Currency & Irrational Consumer Behavior: Coins Are Almost As Good as Real Money
The brilliant thing about money is that it’s entirely interchangeable. A hundred pennies equals a dollar, and 40 quarters has the same value as a $10 bill. So why would people be willing to give away nearly 10% of the value of one kind of money just to have it swapped into another form of cash?
America Saves Week Factoid: There’s $15 Billion in Your Couches
I just learned three things: 1) There’s something called America Saves Week. 2) We’re in the middle of America Saves Week (February 20-27, 2011). 3) According to the America Saves Week website (and the U.S. Treasury), Americans collectively have $15 billion in loose change hanging around their homes, cars, nightstands, purses, pants …
Have You Raided Your Piggy Bank Lately?
Apparently, plenty of Americans have been doing just that. And because of the big influx of old nickels, dimes, and quarters into the system, there’s very little demand for new coins—specifically, the new collectible quarters featuring national parks.