Samsung pays Apple 1 Billion USD in 5-cent coins.

[TeeKup]

http://www.zurmat.com/2012/08/29/samsung-pays-apple-1-billion-sending-30-trucks-full-of-5-cent-coins/

This is bloody brilliant. Thought it deserved a thread of its own.

[chrisk123999]

Fake.

[Zeph]

It's also a complete lie.

[TeeKup]

Oh Im sad now.

[Hotrod]

It's not true? That makes me sad... :(

[Timo]

Does the US even have 20 billion 5 cent coins in circulation?

[Zeph]

Probably not anymore. The rich people starting trading their bills for nickels when metal prices started to climb. Since suspicion isn't enough to block people from trading currency in America, the Fed had no choice but to give them nickels. It's likely that many nickels died a fiery death to turn into ingots.

[Limited]

Would have been hilarious if it was true though. Here's an interesting fact, only 1% of all the money in the world is actually in cash form.

[Kornman00]

A guy actually did something similar to this with the IRS, but I believe it was with pennies.

[Limited]

Technically you can pay anyone any amount in pennies, and legally they have to accept it as it is legal tender. In my eyes pennies are useless, I always get them but I never ever use them. If I find any in my wallet I take them out as they will just weigh it down.

I'm not sure what it is like in the States, but over here the material (copper?) thats in the pennies, is worth more than the actual coin itself.

There have been some schemes to get rid of pennies altogether, in a way I suppose it.

[Patrickssj6]

Pennies are not made out of copper, the just have a thin copper-nickel layer on top of zinc afaik. The copper in a Pennie would be far more worth than a Pennie.

[Limited]

Oh snap, just wiki'd the penny coins and found this:


One penny and two pence (http://en.wikipedia.org/wiki/British_coin_Two_Pence) coins are legal tender (http://en.wikipedia.org/wiki/Legal_tender) only up to the sum of 20p; this means that it is permissible to refuse payment of sums greater than this amount in 1p and 2p coins in order to settle a debt (http://en.wikipedia.org/wiki/Debt).[4] (http://en.wikipedia.org/wiki/Penny_(British_decimal_coin)#cite_note-3)

I (http://en.wikipedia.org/wiki/Penny_(British_decimal_coin)#cite_note-3) doubt many people know about it though.


How many people here know that the current mint of British coins form to make a shield?

http://www.yankodesign.com/images/design_news/2008/04/03/royal_mint.JPG

Sorry, derailing thread >_<

[TeeKup]

I wish our currency was that creative.

[Warsaw]

Pennies are not made out of copper, the just have a thin copper-nickel layer on top of zinc afaik. The copper in a Pennie would be far more worth than a Pennie.

At least in the States, this is true for coins minted during (partly) and after 1982.

Otherwise, pennies over here are mostly copper with the exception of war-time "steel pennies."

[=sw=warlord]

I doubt many people know about it though.


How many people here know that the current mint of British coins form to make a shield?



It's only been like that since 2008, though there are several different backings to the older coins.

[neuro]

someone did the math and it would come down to it being about 80% of all the nickels in circulation.

also, they don't HAVE to accept them, afaik, when an amount is over a certain number, you can refuse units below a certain size.
the smallest unit usable to pay ANY amount (billions if you so desire) would be a 5-dollar bill.

(just paraphrasing from what i saw somewhere)