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To demonstrate that it's easier to use a single $1 coin to pay for things instead of having to carry 4 times as many quarters.

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13y ago
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Q: Why did the director of the US mint drop a presidential 1 coin in a parking meter?
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When was the first parking meter?

The parking meter was originally invented by Carlton Cole Magee, the head of Oklahoma City's Chamber of Commerce, in response to growing parking congestion. Magee filed for a patent for a "coin controlled parking meter"on 13 May 1935. He then formed the Magee-Hale Park-O-Meter Company to manufacture his invention. The first parking meter in the world was installed in Oklahoma City, USA, on 19 July 1935. It is estimated that there are now over five million parking meters in the USA. England received its first parking meter some 22 years later, on 10 July 1958. In all, 625 parking meters were installed in England that day.


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