Bank Rejects Silver Quarter as ‘Bad Money’…
by Simon Black: When
Priced in Gold, the US Economy Is at Depression-Era Levels
Just a quick
a funny story to end the week.
Like you probably
do, my friend Larry keeps a large change bucket. Every night, he
drops in a few coins that he might have picked up throughout the
and gradually, it accumulates.
Every now and
again, Larry takes his change bucket to the bank to use its automated
coin machine. You put in the coins, and the machine spits out bills
(or deposit slips).
is a worldly guy, and he travels frequently. So occasionally a coin
from Canada or Europe will have made its way in to the coin bucket.
But these machines have a very sensitive tolerance, and any bad
coin is rejected.
me the other day telling me about his most recent bout with the
it kicked out a Canadian penny, a coin from the Netherlands, even
one of those souvenir fake pennies that people pay to get inscriptions
on. Then, a US quarter as well. And I laughed, because it was from
the early 1960s back when quarters were made from real silver.
rejected Larrys silver quarter as no good
a very perverse example of how far our society has devolved from
the concept of real money.
with permission from Sovereign
© 2013 Sovereign Man
Best of Simon Black