Amsterdam doesn’t want your stinking worthless U.S. currency. [Reuters]
If you liked Harold And The Purple Crayon, boy are you going to love the new $5 bill. Lincoln’s last stand after the penny will inherit the same counterfeiting countermeasures found on more valuable bills, and will come bruised with a large purple five “to help those with visual impairments distinguish the denomination.’ That’s right, never again will you confuse a $5 bill for a $50 bill.
Treasury Secretary Henry Paulson hates the penny because it is a worthless dingleberry of a coin. In an interview sure to have kids thinking they know enough to run the Mint, Paulson simplistically noted: “The penny is worth less than any other currency.” Don’t sing the penny’s swan song just yet.
…he quickly added that he didn’t think it was “politically doable” to eliminate the one-cent coin and it wasn’t something he planned to tackle in the final year of the Bush administration.
Great, add the penny to the slate of issues over which the parties disagree. Put it right next to war spending and social security.
“We didn’t realize we would take so much in and there were that many people traveling or having euros to bring in. But some days, you’d be surprised at how many euros you get,” Chu said.
Our beloved U.S. Mint has apparently redesigned the dollar coin to feature a rotating slate of Presidents. Each President gets a three-month stint on the coin. On Thursday, James Madison, our 4th Chief Executive, took his rightful place on the golden slab – but nobody seemed to care. Why?
You’ve probably been hearing a lot about the weak dollar, but might not be sure what exactly it means for you.
While dumping ten thousand pennies upon a counter says ‘Hobo Joe’ no matter how you look at it, it is better sometimes than walking around with a huge wad of small bills.