- AMIBA - https://www.amiba.net -

Using Money Stamps to Make News and Spread the Pro-local Message

Almost every day, most of us exchange pieces of paper with other people to buy or sell products or services. So what better place to insert messages about the importance of doing business locally at a cost of nearly zero per impression?

We’ve made it easy for any business, group or individual to spread the “buy independent and local” message this way with self-inking stamps for paper currency or the “memo” space on checks. Two different stamps are available (shown below). Along with the primary message are urls leading people to learn more about the reasons to go local [1], any IBAs [2] near them and more [3].Abe says buy local-web [4]

How Your Group or Business Can Use Money Stamps to Help the Community

Crisp, new bills will stay in circulation and spread your message longer and make your message easier to read. Where appropriate, withdraw fresh bills in a range of denominations from your local independent bank or credit union. For most of the uses suggested below, draft a press release (we provide a template with stamps) and generate media coverage to further spread your message.

Please share [7] your stamping activities and photos with us for potential inclusion here and in our monthly newsletter [8]!


Is Stamping Legal?

It’s legal to stamp messages on U.S. currency. It’s illegal to destroy or deface currency to make it unusable. Of course, you want the bills to be read and the message to stay in circulation, so you obviously want them to remain usable. A legal memo (not ours) elaborating on the topic is here [9].

Denomination Lifespan

 

$1   4.8 years

$5   3.8 years

$10  3.6 years

$20  6.7 years

$50  9.6 years

$100  17.9 years

 

Be sure to avoid stamping over the serial number or seals on the front side of bills. Otherwise, the bill will likely be pulled from circulation when it passes through a bank (genuine U.S. currency always will be accepted by your bank, but they may send it to the Treasury for destruction, rather than recirculating it).

The Federal Reserve estimates the average one dollar bill circulates 4.8 years. If you make a point of stamping mostly fresher (not crumpled and worn) bills and avoid covering serial numbers or seals, your stamped bill will likely circulate several hundred times–that’s spreading a message!

If your business or group stamps an average of 10 bills a day (of $1, $5, $10 and $20 denominations), you’ll generate millions of impressions during the year! As you’d suspect, $50 and $100 circulate much more slowly (see table), however, they’re nearly guaranteed to be noticed.

 

Why Not Manufacture Our Own Stamp?

You could. But despite the obvious goal of keeping more spending local, most currency circulates out of town fairly quickly and is then unlikely to return, making localized information less impactful. All localization / independent business advocates benefit most from widespread use of a consistent message that helps build the Localization Movement while enticing people to learn about any IBA in their area.

You Can Purchase Stamps Here [10]
AMIBA affiliates & business members receive their choice of stamp free upon request (learn more [11]).

Related Links: