This story was on page A11 of the 9 February 2005 Arizona Republic."Coin collectors say quarters with two variations in the design of a cornstalk on the back of the coin have been spotted at Tucson and San Antonio." "Individual coins with the variations were selling for $500 to $600, depending on condition." "The U.S. Mint, which produced 453 million Wisconsin quarters for its state coin series, is trying to determine how the differences came about."
453 millionas a number.
Flawed quarters are worth between
$600. What is the average of these two figures?
Assume we have
10 quartersand that they are worth
$535a quarter. How much money do we have?
At the end of 2003, Wisconsin had an approximate population of
5,472,299people. Assuming the human population of Wisconsin has not changed since the end of 2003, how many quarters per person did the U. S. Mint produce?
Creator: Gerald D. Thurman
Created: 09 February 2005
This work is licensed under a Creative Commons License.
During Fall 2004 I went to Washington, DC. Although not the U.S. Mint, the Bureau of Engraving and Printing would not be happy if all of sudden flawed dollar bills started showing up.
The Federal Reserve and the Treasury Department are governmental departments that care about money.
Washington's oldest bank has been doing stuff with money for a long time.
[I don't why I didn't take a picture of the IRS (Internal Revenue Service).]
We could have another depression if our money went bad.
Ben Franklin was quoted saying: "The money that makes money makes more money."