Barnaby has been wondering whether it makes economic sense
to pick up coins in the street. Assuming that it takes approximately three
seconds to stoop down and retrieve a coin, it would presumably only be worth
picking one up if it's value was higher than you could earn in the same amount
of time.
For readers in the United
Kingdom, where the minimum legal wage for adults is
currently £6.19 per hour, or .515p for 3 seconds, it would certainly pay to
pick up even the smallest UK
coin, which is currently the 1p piece. Indeed, it would make economic sense for
anyone earning up to £11.99 per hour, or approximately £24,939 per annum, to do
the same.
Coincidentally, this is not far off the average UK earnings for
adults in full time employment, which is currently around £26,500 per annum.
As a rule of thumb, therefore, Barnaby suggests that if your
wage is above the National Average, you should leave any coins you spot in the
street for your less well paid countrymen to pick up.
Unless, of course, you should spot a Liberty Head 1913 5c
piece, which sold at auction on April 26th this year for $3.1m.
Unfortunately, in the time it will take you to determine
whether the coin you have spotted is a genuine Liberty Head nickel, you might
just as well have picked it up anyway.
Alternatively, instead of walking around looking at your
feet all day, you could download a copy of one of Barnaby's e-books and read
that instead. You'll find plenty to amuse and entertain you at
www.barnaby-wilde.co.uk