I have a Bitcoin-qt wallet running in OSX Lion with only 1 address in it: 1Jaa7hidZ2PnmXhwfTyE3pKdjKT6WkQz4

This wallet/address received 1.0301101 BTC a bit more than 15 hours ago.

http://blockchain.info/address/1Jaa7hidZ2PnmXhwfTyE3pKdjKT6WkQz4

If I try to send the full balance to a friend of mine, my client indicates that a 0.0005 BTC fee is required.

If I wait for the coin to age, can I avoid the fee?  If so, approximately how old does the coin need to be to avoid the fee?  Will 24 hours be old enough?  3 days?  A week?

-  Danny