Wednesday, March 19, 2008

A penny saved is a penny earned if invested in tax-free munis

For the past 11 years I have been keeping track of how much money I find on the streets, under counters, in parking lots, and in similar locations. I call it my street account. Since 1997 I have found the following:
  • 1603 pennies
  • 159 nickels
  • 346 dimes
  • 147 quarters
  • 24 one-dollar bills
  • 2 five-dollar bills
  • 4 ten-dollar bills
  • 1 20-dollar bill
  • 1 100-dollar bill
That's a total of $279.83. It takes nothing to keep me entertained.

6 comments:

Poss said...

Mei found a dollar on the train a couple of days ago, maybe she should start a street fund.

Shoe said...

A hundred?! Wow! We once found a fifty. What have you done with all your finds?

Chuckbert said...

The distribution of the coins is interesting. Pennies, of course, should be the most commonly found coin. They're not worth picking up if you've dropped one nor if you notice one on the ground. So you'd expect to find a lot of those.

But why should dimes outnumber nickels more than two times? I'd have thought twice as many people dropping them would take the trouble to recover them. And people seeing them would pick them up more often.

It couldn't be because dimes are smaller and easier to lose and harder to see, can it?

Congratulations on your gentle breezefall.

P-Doobie said...

I, too, noticed that distribution of dimes and nickels, and I agree with Chuckbert's theory that dimes are smaller, easier to lose, and harder to see.

My funds are not accruing interest. I have everything in a box in my closet. I should take all the loot to the bank and officially open my street account.

Chuckbert said...

But then I was thinking that if the dimes are harder to see then they ought to be harder for P-Doobie to see as well.

Do you have special radar that seeks out lost change that makes any coin as easy to spot as any other?

RetroMag said...

Congratulations on your accumulation of wealth! That's an average of $25.44 a year (minus a penny). Wasn't part of that a major find on one of your trips?

Back in the '40s I found a ten dollar bill. That was a lot of money back then. I haven't found much since then.