No not fog as in mist.. FOG as is Found On Ground I can't remember which Cointalk member coined the FOG term but I want to share it. Oh yea.. It was @Omegaraptor I love my early morning trip to work (it starts with a 3am bus ride to midtown NYC) I start looking for the shine of dropped coins on the sisidewalks and streets. I always pick up a few Cents, an occasional Dime and Nickel and every now and then a Quarter.. This morning I found my first Sacagawea Dollar! Sweet surprise. I wonder how anyone can miss that when dropped?
They probably dropped it deliberately as it was weighing them down on their morning walk to the bus stop. Nice find!
@paddyman98 Great find! I can understand how others may have overlooked this Sac. 2000 was the first year, and as the photo indicates, the coin was plagued with post-production "puke green" toning. Other pedestrians probably thought a dog spit it up or s#it it out. Chris
Nice find, my grandson always looks at the ground when he walks. Luckiest kid in the world. He always finds coins in parking lots.
Hahaha...they could have done so much better with the Sac coin. If I was one of her descendants (I'm Scottish, but *IF* I was) I would be incensed by the dubious honor. It's going to go down in history right behind the Susan B. Anthony coin, and in the year 2100, Dansco is going to publish an album for "Ugliest Coins of the 20th and 21st Centuries." Why does our government keep trying to push dollar coins on us? Granted, the average life of a coin is much longer than a bill -- by decades even -- but the public just won't accept them. We don't want them, especially as inflation drives the buying power of the dollar lower and lower. I recall walking around England with a bunch of pounds in my wallet. Soon, one pound coins began weighing me down like ballast, and they are smaller than the Sacs. He is closer to them
Sorry Frank but even Donald Trump has been captured on film picking up pennies. His comment was along the lines of, "It was one I didn't have". I'll bend over for anything on the ground that looks like a coin.
They won't as long as the they have the paper option. Remove that option and they will be accepted. But we accept the smaller denominations even though they are worth much less than the dollar coin. And their value is going down due to inflation just as rapidly. To save money. Now I will admit that is a pretty strange concept coming from them. Normally they just waste money. Of course they have had that covered by continuing the paper dollar for the past 37 years. Allows them to waste money on paper dollars, and waste money on dollar coins that won't circulate because of the paper dollar.
Conder101, the paper dollar lasts for an average of more than five years now. While this is less than the lifespan of dollar coins, it is a vast improvement over the average 18-22 month lifespan of dollar bills from 15 years ago. Government Accountability Office (GAO) reports have come out which state it would be a huge money waster to replace dollar bills with coins. This is largely (but in no way entirely) due to the massive amount of dollar bills that would need to be replaced with coins. The startup costs alone to replace them with coins are insurmountable. The time to have started this plan, when it would have been economically feasible, would have been in the mid-1980's. This is due to the cost of base metals being so much higher now than they were then (this is considering inflation). Essentially, the time to replace dollar bills with dollar coins has long since passed. Dollar bills are here to stay and they are not going anywhere, at least not any time soon.
I'm always scanning the ground in front of me. Just earlier this week, my family and I were leaving the local grocery store. I was walking behind them in the parking lot and all 3 of them walked right over a folded up $5.00 bill. I watched them literally walk over it and asked them how could you not see that? They asked, "See what"? I bent over and picked it up and showed them the folded up $5.00 and said "This".. The kids were not happy thinking it wasn't fair, lol. I told them that they should always keep their eyes open and look around you. They think I'm lucky because I always seem to find money and jewelry. I'm not lucky, I just pay attention.
When the interest on a few thousand dollars in a checking account is 2c a month, it PAYS to pick up cents!
One doesn't need to rely on government reports to discern the validity of such claims in this matter. Those who have analyzed the situation in terms of basic practicality to replace the literally billions of extant one dollar notes with dollar coins have largely been cohesive in stating it is not economically advantageous to do so.
I find that when I get right to the counter at Dunkin' Donuts (nooooo, I don't eat donuts!, though I AM a coffee freak!), I look down, scan left to right, and I'm always good for a few cents. The parking lot always seems to yield a dime a day. I'm not above bending down and grabbing a penny! It puts me one cent closer to my first million!
