Why is the government so eager to issue $1 coins… despite the indifference of the general public? Well, the average $1 bill circulates for 21 months and then must be replaced, while a coin can last 30 years or more. And although the $1 coin costs three times more to produce, government accountants contend that switching away from $1 bills completely could save the government $50 million a year.
(Source: Wired )
Similar Articles:
- Pay Yourself First – Many financial advisers recommend sticking to a budget. By categorizing expenses and limiting spendi…
- Pay Yourself First and Get Rich Automatically – Take any financial planning book in a bookstore and you’ll see the same advice. If you want to accum…
- It’s Fun to Know: Silly Names in New Zealand – In New Zealand, parents have a penchant for giving bizarre names to their children – and now the gov…
- It’s Fun to Know: Shanghai ’s Mega-Metro System – With a population of 20 million, Shanghai is one of the largest cities in the world. In an effort ke…
- It’s Fun to Know: The Portraits on Coins – You may not have noticed, but the portraits of presidents and other dignitaries on paper money are u…
- Why We Still Have Fax Machines – “Poor line condition… what the heck does that mean?” “Arghh! This machine is eating my pages!” Ah, t…
- Enough Money to Fund Your Dream Lifestyle – If you’re like a lot of people, one of your top financial goals is to increase your income to "…