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Samsung Pays Apple $1 Billion Sending 30 Trucks Full of 5 Cents Coins

14 pointsby nicolasdover 12 years ago

7 comments

ahiover 12 years ago
86.64 million nickels were produced in 2009[1]. This stunt would take 230.84 years of nickel production to pull off. <a href="http://visualeconomics.creditloan.com/the-value-of-united-states-currency-in-circulation/" rel="nofollow">http://visualeconomics.creditloan.com/the-value-of-united-st...</a>
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RockyMcNutsover 12 years ago
Hoax from 9gag, apparently<p><a href="http://daily.bhaskar.com/article/SCT-NEWS-rumors-saying-samsung-pays-apple-1-billion-in-30-trucks-full-of-5-cents-coins-is-a-hoax-371.html" rel="nofollow">http://daily.bhaskar.com/article/SCT-NEWS-rumors-saying-sams...</a><p>The logistics of paying in nickels are challenging...Would have to ask a bank or the Fed for them, send trucks to load them up...not happening.<p>Samsung probably not writing a check yet, will appeal and no doubt the amount will be reduced, or they'll agree to long-term licensing.
slantyyzover 12 years ago
Dunno about the US, but in Canada (<a href="http://laws-lois.justice.gc.ca/eng/acts/C-52/page-1.html#h-5" rel="nofollow">http://laws-lois.justice.gc.ca/eng/acts/C-52/page-1.html#h-5</a>), a truckload of coins on their own would not be considered legal tender. For nickels, the most you can give is $5.
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Skiptarover 12 years ago
"Source: Internet"<p>I found this the only funny part of the article.
jtokophover 12 years ago
As a nickel expert, it would actually take more than 120 average semi truck trailers full of nickels to pay off $1 billion.
peterhiover 12 years ago
So Samsung looked down the back of the sofa and found 20 billion nickels! Ha<p>Just how much would 20 billion nickels weight?
ceejayozover 12 years ago
That's some painfully unfunny satire.