Of course they don't. I'm speaking of $1 bills in particular. One of my geek hobbies is Where's George? No doubt you have received a bill with some Where's George markings on it, directing you to that website so that the movements of that bill can be tracked, for kicks and giggles.
In some of the budget cutting talks this year, the discussion turned to eliminating the $1 bill and replacing it with a $1 coin. This makes a lot of sense. Coins are vastly more durable than paper money. Did you know the average $1 bill only lives about 18 months? Over the long run, the cost savings are enormous- $5.6 billion over 30 years. This makes it worth doing.
But, but, but.. my hobby! Well, screw that. Nobody owes me a hobby. Where's George will as easily become "Where's Tom?" as $2 bills become the new smallest paper denomination, or, "Where's Abe?", as the public doesn't generally like $2s.
I'm fond of pennies, but there's really no good reason to continue minting them. I like riding trains, but that doesn't mean I support subsidies to Amtrak. Etc. I don't expect the entire country to spend foolishly just so that I may continue to enjoy a hobby as I know it today. My whims just aren't that important.
So, if the $1 should fade into history, I'll be glad of it overall. I'll smile at the cost savings to my country, and adjust my bill stamping habits accordingly.
Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts
Saturday, December 03, 2011
Wednesday, December 01, 2010
A Complete Herbert
One of my favorite 'new' hobbies is Where's George? You've seen dollar bills stamped with the website and messages like 'track this bill'. Yeah, I do that. I've always been fascinated with currency and coins, thanks to the influence of my Dad, who has been a lifelong coin collector. It isn't just inflation and the Federal Reserve policy that holds my interest regarding Federal Reserve notes.
Here's my Where's George profile, for your amusement. The dynamic map is pretty great. Put your cursor over any state and you will see how many of my bills have been tracked there. Click on the state and you will see in which counties.
The diaspora are interesting. I can recall trips by some hit clusters (Niagara Falls, NYC), and you can see how I've beaten a path between Indianapolis & Cleveland by way of Columbus. Almost a perfect line on I-70 from Indy to Columbus, then up I-71 to Cleveland.
Some 'Georgers' are complete Herberts. They go to the bank every day and get straps of $1 bills, mark them, and conduct all of their transactions in ones. The last thing I need are my friendly bank tellers thinking I spend all my time at strip joints.
Here's my Where's George profile, for your amusement. The dynamic map is pretty great. Put your cursor over any state and you will see how many of my bills have been tracked there. Click on the state and you will see in which counties.
The diaspora are interesting. I can recall trips by some hit clusters (Niagara Falls, NYC), and you can see how I've beaten a path between Indianapolis & Cleveland by way of Columbus. Almost a perfect line on I-70 from Indy to Columbus, then up I-71 to Cleveland.
Some 'Georgers' are complete Herberts. They go to the bank every day and get straps of $1 bills, mark them, and conduct all of their transactions in ones. The last thing I need are my friendly bank tellers thinking I spend all my time at strip joints.
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