enthalpy

enthalpy

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Saturday, January 20, 2007

Posted 1/20/2007 04:08:00 PM by Douglas

Here we go again. Spiraling ever closer to their own obsolescence, the U.S. Mint's third try at a dollar coin.

The Houston children will be among the first Americans to view the coin, which is set to begin circulating Feb. 15. The coin, featuring the likeness of Washington on one side and the Statue of Liberty on the back, also will be unveiled in Chicago.

In approving the Presidential $1 Coin Act of 2005, Congress lauded the program as an educational aid for the American public, many of whom, leaders contended, are unfamiliar with presidential history. The program is modeled loosely after the series of 25-cent pieces that featured the nation's states.

And we all know how much we learned from that! We learned that Wisconsin has cows, Texas is obsessed with the shape of their state, and both Kansas and North Dakota like buffaloes. We also learned that the Mint made about $5 Billion in seigniorage from the state quarter program. So let's try it with dollars! Hey, whatever works. We need the dollar coin, so maybe third time's a charm.

I'm personally looking forward to the day I can tip a stripper a dollar emblazoned with the likeness of Bill Clinton.

Labels: seigniorage

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