{"id":4456,"date":"2011-02-23T21:29:04","date_gmt":"2011-02-24T05:29:04","guid":{"rendered":"http:\/\/www.perivision.net\/wordpress\/?p=4456"},"modified":"2011-02-23T21:30:02","modified_gmt":"2011-02-24T05:30:02","slug":"party-like-it%e2%80%99s-1611-are-those-dollar-coins-in-your-pocket-or-are-you-happy-to-see-me","status":"publish","type":"post","link":"https:\/\/www.perivision.net\/wordpress\/2011\/02\/party-like-it%e2%80%99s-1611-are-those-dollar-coins-in-your-pocket-or-are-you-happy-to-see-me\/","title":{"rendered":"Party like it\u2019s 1611! Are those dollar coins in your pocket or are you happy to see me?"},"content":{"rendered":"<div>\n<p>Ah Dollar coins.\u00a0 We still have then you know.\u00a0 For those that ride the subway and pay cash or visit the post office vending machines, has most likely received gold dollar coins as change..\u00a0 So what do you do with it?\u00a0 If you have kids most like give it them, else try to spend those guys as fast as you can because you know when you get home, you will put them in a stack or in a jar and most likely never use them again till your short of cash or just want to piss off your buddy when paying off a bet.\u00a0 However, what if you REALLY embraced dollar coins?\u00a0 Its not too crazy. When I lived in England I really gave pound coins the old collage try.\u00a0 Even sporting a hip (at least at 1600&#8217;s standards) coin sack tied to my belt loop. I was an indie\/punk musician at the time so someone trying to nick my bag was not a concern. \ud83d\ude42\u00a0 However, the bloody awful click click did get to me and I fell into the old habit of keeping a collection in a wicket bowl.\u00a0 But someone has decided its time for a come back, so with pride I reprint <a href=\"http:\/\/sworddance.com\/blog\/2011\/02\/03\/party-like-its-1611-aka-living-credit-card-and-dollar-bill-free\/\">sworddance.com\/blog<\/a><\/p>\n<h1>Party like it\u2019s 1611 aka living credit card and (dollar) bill-free<\/h1>\n<p>Late last year I found out from a friend that the U.S. Mint is  making a strong effort to get the $1 Coin into circulation. For no  shipping and handling fees, the U.S. Mint will send to consumers $1  Coins through the <a href=\"http:\/\/catalog.usmint.gov\/webapp\/wcs\/stores\/servlet\/CategoryDisplay?langId=-1&amp;storeId=10001&amp;catalogId=10001&amp;identifier=8100\">$1 Coin Direct program<\/a>.<a href=\"http:\/\/sworddance.com\/blog\/wp-content\/uploads\/2011\/02\/us-mint.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" title=\"us-mint-1-dollar-direct\" src=\"http:\/\/sworddance.com\/blog\/wp-content\/uploads\/2011\/02\/us-mint-300x232.jpg\" alt=\"us mint $1 dollar direct website\" width=\"300\" height=\"232\" \/><\/a><\/p>\n<p>So I ordered, A few days later\u2026<br \/>\n<a href=\"http:\/\/sworddance.com\/blog\/wp-content\/uploads\/2011\/02\/IMG_6202.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" title=\"$1000 in boxes\" src=\"http:\/\/sworddance.com\/blog\/wp-content\/uploads\/2011\/02\/IMG_6202-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a><a href=\"http:\/\/sworddance.com\/blog\/wp-content\/uploads\/2011\/02\/IMG_6203.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" title=\"$1000 in rows\" src=\"http:\/\/sworddance.com\/blog\/wp-content\/uploads\/2011\/02\/IMG_6203-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a><a href=\"http:\/\/sworddance.com\/blog\/wp-content\/uploads\/2011\/02\/IMG_6207.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" title=\"money pile\" src=\"http:\/\/sworddance.com\/blog\/wp-content\/uploads\/2011\/02\/IMG_6207-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a><br \/>\nFor over a month now I have been paying for everything with coin! No  bills, no credit cards. The only exceptions have been my transit card  and online transactions, including the coin purchase. $100 dinner, all  in coin! $180 drug prescription \u2013 all in coin! Babysitting? coin!<\/p>\n<p>Instead of carrying a wallet I now carry a money bag! People have  asked about the weight. A $1 coin weighs about 8g so a $1000 weighs  about 17.6 pounds. $50 dollars weighs about a pound. This must be  horrible! Actually, no:<\/p>\n<ol>\n<li>I carry my laptop with me anyhow so an extra pound is not horrible.<\/li>\n<li>It is easy  to control spending, carrying the extra weight means I  just take exactly what I am willing to spend and no more. Really easy to  stay in budget when all you have is coin!<\/li>\n<\/ol>\n<p>The reactions have been all over the place:<\/p>\n<ul>\n<li>\u201cAre these quarters?\u201d<\/li>\n<li>\u201cAre they collectables?\u201d<\/li>\n<li>\u201cAre they gold?\u201d ( Uncirculated $1 coins are shiny )<\/li>\n<li>\u201cWhat? Fine.\u201d (And then dumps them in the drop safe)<\/li>\n<li>\u201cAre they real?\u201d<\/li>\n<li>\u201cDo I have to take them to the bank?\u201d<\/li>\n<li>\u201cI love them, you are taking Caltrain, right?\u201d (Coffee house)<\/li>\n<li>\u201cWe don\u2019t pass them out as change.\u201d (Safeway)<\/li>\n<li>\u201cSounds like a good idea but don\u2019t you have to spend time converting  them to bills?\u201d (Safeway manager \u2013 apparently the idea of using money  as money is a new concept)<\/li>\n<li>\u201cI am going to give them to my wife\u201d (A waiter who bought up the $100 in $1 coins that we paid for dinner with)<\/li>\n<li>\u201cMy company gives them out as a sign of good luck during the New Years.\u201d<\/li>\n<li>\u201cI am going to give these to my kids in the Christmas stockings\u201d<\/li>\n<\/ul>\n<p>Clearly, the Mint has a ways to go in the educational department, if cashiers are uncertain if the $1 coin is even money!<\/p>\n<p><em>This program is a great deal for consumers.<\/em> This is a cash advance through the U.S. government! WTF? Yeap! Lets look at a \u201ctraditional\u201d cash advance:<\/p>\n<ol>\n<li>Go to bank<\/li>\n<li>Present credit card<\/li>\n<li>Ask for $1000 in cash.<\/li>\n<li>Get $1000 in cash<\/li>\n<li>Pay credit card bill of $1000 + super cash advance high rate of interest (25%).<\/li>\n<\/ol>\n<p>Now a U.S. Mint cash advance:<\/p>\n<ol>\n<li><a href=\"http:\/\/catalog.usmint.gov\/webapp\/wcs\/stores\/servlet\/CategoryDisplay?langId=-1&amp;storeId=10001&amp;catalogId=10001&amp;identifier=8100\">Go to U.S. Mint website.<\/a><\/li>\n<li>Enter Credit card information<\/li>\n<li>Ask for $1000 in coin<\/li>\n<li>Get $1000 in coin (5-7 days later)<\/li>\n<li>Pay credit card bill of $1000 + low purchase interest rate ( 0% if you pay in full )<\/li>\n<li>Get cash back from credit card company for \u201cpurchase\u201d<\/li>\n<\/ol>\n<p>This is also <em>a great deal for the U.S. Government as well<\/em>:<\/p>\n<blockquote><p>The intended purpose of the Circulating $1 Coin Direct Ship program is to make $1 coins readily available to the public, <em>at no additional cost<\/em>,  so they can be easily introduced into circulation\u2014particularly by using  them for retail transactions, vending, and mass transit. Increased  circulation of $1 coins saves the Nation money. <em>The immediate bank  deposit of $1 coins ordered through this program does not result in  their introduction into circulation and, therefore, does not comply with  the intended purpose of the program.<\/em><\/p><\/blockquote>\n<p>According to the <a href=\"http:\/\/www.moneyfactory.gov\/faqlibrary.html\">Bureau of Printing and Engraving, $1 bills last only 42 months in circulation<\/a>:<\/p>\n<table>\n<tbody>\n<tr>\n<th>Denomination<\/th>\n<th> Life Span (months)<\/th>\n<\/tr>\n<tr>\n<td>$ 1<\/td>\n<td>42 months<\/td>\n<\/tr>\n<tr>\n<td>$ 5<\/td>\n<td>16 months<\/td>\n<\/tr>\n<tr>\n<td>$ 10<\/td>\n<td>18 months<\/td>\n<\/tr>\n<tr>\n<td>$ 20<\/td>\n<td>24 months<\/td>\n<\/tr>\n<tr>\n<td>$ 50<\/td>\n<td>55 months<\/td>\n<\/tr>\n<tr>\n<td>$100<\/td>\n<td>89 months<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A <a href=\"http:\/\/www.usmint.gov\/faqs\/circulating_coins\/index.cfm\">$1 coin will last 25 years, 7 times longer than a $1 bill.<\/a> This lifespan difference would mean that <a href=\"https:\/\/answers.usmint.gov\/app\/answers\/detail\/a_id\/164\">replacing the $1 bill with the $1 coin would save the U.S. government $500 million<\/a>, however:<\/p>\n<blockquote><p>The Government Accountability Office\u2019s (GAO) stated  potential [ANNUAL] savings of up to $500 million in a report issued in  September 2002, which was calculated on the premise that the U.S.  government cease production of the paper dollar bill. However, the  Native American $1 Coin Act of 1997 and the Presidential $1 Coin Act of  2005, which authorize both the Native American $1 Coin and the  Presidential $1 Coin, <strong>do not call for the elimination of the  paper dollar which is produced by the Bureau of Engraving and Printing.  Consequently, dollar coins and dollar notes co-circulate in the  marketplace.<\/strong><\/p><\/blockquote>\n<p>(Update: ANNUAL was confirmed with a tweet from us mint)<\/p>\n<p>Unfortunately, Safeway is not helping. My local Safeway is just sending the $1 coin back to the bank. This is my letter to them.<\/p>\n<blockquote><p>The US Mint is trying to increase the circulation of the  $1 Coin through the $1 Coin Direct program.  (  http:\/\/catalog.usmint.gov\/webapp\/wcs\/stores\/servlet\/CategoryDisplay?langId=-1&amp;storeId=10001&amp;catalogId=10001&amp;identifier=8100  )<\/p>\n<p>On this page, the U.S. Mint states:<br \/>\n\u201cThe intended purpose of the Circulating $1 Coin Direct Ship program is  to make $1 coins readily available to the public, at no additional cost,  so they can be easily introduced into circulation\u2014particularly by using  them for retail transactions, vending, and mass transit. Increased  circulation of $1 coins saves the Nation money.\u201d ($500 million according  to https:\/\/answers.usmint.gov\/app\/answers\/detail\/a_id\/164 )<\/p>\n<p>I have spent numerous $1 coins at my local Safeway and other  retailers. However, I recently discovered that my local Safeway is  taking the $1 Coin OUT OF CIRCULATION by continuously not using the $1  Coin for change. I urge Safeway to change this policy. I furthermore  urge that the automatic change dispenser be altered so as to issue $1  coins in addition to the quarters, dimes, nickels and pennies.<\/p>\n<p>Please help save our government money and use the $1 coin as currency!<\/p><\/blockquote>\n<p>One final note, <a href=\"http:\/\/codes.lp.findlaw.com\/uscode\/18\/I\/17\/333\">do  NOT help out the U.S. Mint by destroying $1 bills, it looks to be  illegal (18 U.S.C. \u00a7 333 : US Code \u2013 Section 333: Mutilation of national  bank obligations)<\/a>:<\/p>\n<blockquote><p>Whoever mutilates, cuts, defaces, disfigures, or perforates, or<br \/>\nunites or cements together, or does any other thing to any bank<br \/>\nbill, draft, note, or other evidence of debt issued by any national<br \/>\nbanking association, or Federal Reserve bank, or the Federal<br \/>\nReserve System, with intent to render such bank bill, draft, note,<br \/>\nor other evidence of debt unfit to be reissued, shall be fined<br \/>\nunder this title or imprisoned not more than six months, or both.<\/p><\/blockquote>\n<\/div>\n<div>This entry was posted in <a title=\"View all posts in political\" rel=\"category tag\" href=\"http:\/\/sworddance.com\/blog\/category\/political\/\">political<\/a>, <a title=\"View all posts in random silliness\" rel=\"category tag\" href=\"http:\/\/sworddance.com\/blog\/category\/random-silliness\/\">random silliness<\/a>, <a title=\"View all posts in rants\" rel=\"category tag\" href=\"http:\/\/sworddance.com\/blog\/category\/rants\/\">rants<\/a>. Bookmark the <a title=\"Permalink to Party like it\u2019s 1611 aka living credit card and (dollar) bill-free\" rel=\"bookmark\" href=\"http:\/\/sworddance.com\/blog\/2011\/02\/03\/party-like-its-1611-aka-living-credit-card-and-dollar-bill-free\/\">permalink<\/a>.<\/div>\n<div class=\"SPOSTARBUST-Related-Posts\"><H3>Related Posts<\/H3><ul class=\"entry-meta\"><li class=\"SPOSTARBUST-Related-Post\"><a title=\"Edgecase take 1\" href=\"https:\/\/www.perivision.net\/wordpress\/2017\/11\/edgecase-take-1\/\" rel=\"bookmark\">Edgecase take 1<\/a><\/li>\n<li class=\"SPOSTARBUST-Related-Post\"><a title=\"First video evidence (I&#8217;ve seen) of self driving car avoiding an accident\" href=\"https:\/\/www.perivision.net\/wordpress\/2015\/10\/first-video-evidence-ive-seen-of-self-driving-car-avoiding-an-accident\/\" rel=\"bookmark\">First video evidence (I&#8217;ve seen) of self driving car avoiding an accident<\/a><\/li>\n<li class=\"SPOSTARBUST-Related-Post\"><a title=\"A Reddit Grill Cheese Melt Down &#8211; NSFW\" href=\"https:\/\/www.perivision.net\/wordpress\/2014\/12\/a-reddit-grill-cheese-melt-down-nsfw\/\" rel=\"bookmark\">A Reddit Grill Cheese Melt Down &#8211; NSFW<\/a><\/li>\n<li class=\"SPOSTARBUST-Related-Post\"><a title=\"Saying &#8216;I love you sweetheart&#8217; does not always end well\" href=\"https:\/\/www.perivision.net\/wordpress\/2014\/02\/saying-i-love-you-sweetheart-does-not-always-end-well\/\" rel=\"bookmark\">Saying &#8216;I love you sweetheart&#8217; does not always end well<\/a><\/li>\n<li class=\"SPOSTARBUST-Related-Post\"><a title=\"My Cat is addicted to Crack\" href=\"https:\/\/www.perivision.net\/wordpress\/2013\/09\/my-cat-is-addicted-to-crack\/\" rel=\"bookmark\">My Cat is addicted to Crack<\/a><\/li>\n<\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>Ah Dollar coins.\u00a0 We still have then you know.\u00a0 For those that ride the subway and pay cash or visit the post office vending machines, has most likely received gold dollar coins as change..\u00a0 So what do you do with it?\u00a0 If you have kids most like give it them, else try to spend those&hellip; <a class=\"read-more\" href=\"https:\/\/www.perivision.net\/wordpress\/2011\/02\/party-like-it%e2%80%99s-1611-are-those-dollar-coins-in-your-pocket-or-are-you-happy-to-see-me\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[279,591,91],"tags":[1089,1088,665,2369,1087,1090],"class_list":["post-4456","post","type-post","status-publish","format-standard","hentry","category-guest","category-humor","category-random-thoughts","tag-coins","tag-dollar-coins","tag-funny","tag-humor","tag-money","tag-u-s-mint"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pjzQD-19S","_links":{"self":[{"href":"https:\/\/www.perivision.net\/wordpress\/wp-json\/wp\/v2\/posts\/4456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.perivision.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.perivision.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.perivision.net\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.perivision.net\/wordpress\/wp-json\/wp\/v2\/comments?post=4456"}],"version-history":[{"count":4,"href":"https:\/\/www.perivision.net\/wordpress\/wp-json\/wp\/v2\/posts\/4456\/revisions"}],"predecessor-version":[{"id":4464,"href":"https:\/\/www.perivision.net\/wordpress\/wp-json\/wp\/v2\/posts\/4456\/revisions\/4464"}],"wp:attachment":[{"href":"https:\/\/www.perivision.net\/wordpress\/wp-json\/wp\/v2\/media?parent=4456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.perivision.net\/wordpress\/wp-json\/wp\/v2\/categories?post=4456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.perivision.net\/wordpress\/wp-json\/wp\/v2\/tags?post=4456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}