LIVING OFF DIVIDENDS & PASSIVE INCOME

I stopped by the bank and picked up half a dozen new presidential $1 coins. Don’t know why some people are selling them on ebay for more than they’re worth but I guess someone’s stupid enough to pay that. They’re not all that impressive, except the “In God We Trust” part is along the rim of the coin, which I thought was pretty neat.

What I don’t understand why the government is wasting money minting coins when we’re moving more and more to a cashless electronic society.

What use is a new dollar coin? Most people don’t like carrying around a pocket full of coins, which was why paper notes were invented in the first place. Notes are lighter, easier to carry and don’t roll under heavy appliances when you drop them. Most vending machines don’t even accept the old Sacagawea coins so I doubt they’ll be modified for the new ones. And has anyone ever tried to tip a stripper with a dollar coin?

If you found this post helpful, consider donating to my coffee fund!

Related Posts

• Why Jim Rogers Hates Investing In India Here's an excerpt from a recent interview with Jim Rogers on why he prefers investing in China over India. High oil prices, inflation, food prices etc have hit countries like India very hard. How should counties like India tackle the situation? • Inflation affects everyone. Not just India. We pay......
• Perth Mint Suspends Orders For Gold Bullion As a follow-up to my previous 2 posts on gold, here's a news article about the Australian Perth Mint suspending orders for gold bullion until January. Apparently having it's workers slog 7 days a week isn't enough to meet demand! FEARS of the unknown long-term effects from the global financial......
• Gold Play: Great Time To Invest As I've mentioned before I think the US is going to enter a period of inflation and recession brought on by the trade & budget deficit and precipitated by the devaluing dollar. Both Oil and Gold have been in a slow and quiet bull market for the past few years.......

Related Websites

• 3 Things to Know about Buying the Right Silver Dollar Coin One of the most sought after coins which collectors are looking for these days is the Morgan silver dollar coin. This is a highly collectible coin for a few different reasons. One of the biggest reasons why it is so valuable is because of the fact that it is made......
• Making the Most of Your Trip to the Coin Collector Shop If you are heading to a coin collector shop you are going to want to make sure that you get as much out of the trip as possible. You will want to make sure that you are going to be able to get the coins that you want, and that......
• Discover All about PCGS Coins The Professional Coin Grading Service, or PCGS, is one the three professional coin grading companies, or “slabbers”, recognized by serious coin collectors and dealers across the United States. PCGS uses the American coin grading system to give coins a grade which refers to their condition. Expert in the coin industry......

[All content is copyright of Living Off Dividends & Passive Income]

Random Posts

• January 30, 2008 -- Manufacturing Jobs Coming Back To The US
• February 11, 2008 -- Can You Retire On Less Than $3,000 A Month?
• October 3, 2006 -- Always Have Multiple Streams of Income
• July 10, 2007 -- Position Sizing and Risk Management
• August 8, 2011 -- Gold Closes Above $1,700 – U.S. Turning More Japanese
• November 16, 2011 -- Barrons Likes Vodafone
• February 22, 2006 -- 1 Ounce Silver Dragon

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.