Author Topic: Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins  (Read 693 times)

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Offline Rapunzel

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Online jmyrlefuller

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Re: Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins
« Reply #1 on: June 19, 2013, 08:10:40 AM »
Ah, yes, the dreaded nickel-- the most oversized and least usable coin (three dimes are lighter than a quarter and a nickel) on the planet.

There is only one problem with this plan: it requires somewhere between ten and twenty years' worth of the entire nickel mintage to pull off, or one out of every four nickels minted since Thomas Jefferson was put on the front. You see, the US Mint only produces one to two billion nickels each year.

Offline AbaraXas

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Re: Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins
« Reply #2 on: June 19, 2013, 08:21:14 AM »
Would be funny if true, but this originated on a parody site.
http://www.snopes.com/politics/satire/samsung.asp

Online Fishrrman

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Re: Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins
« Reply #3 on: July 05, 2013, 10:15:34 PM »
"Ah, yes, the dreaded nickel-- the most oversized and least usable coin"

Actually, the nickel is the only current coin that is actually worth _more than_ its face value.

When silver dollars, halves, quarters and dimes had real silver (pre-1964 or so), they, too, had "value". But today, the alloys those coins contain have no actual "worth" at all.

But a nickel is still _made with_ nickel (25% nickel and 75% copper). As such, each coin is worth roughly 17 cents or so, if you were to melt it down into alloy. But to do this is illegal.

Nevertheless, the nickel actually is "worth something". Even if the U.S. currency were to collapse into nothingness, the nickel would still be worth the metal it's cast out of...
« Last Edit: July 05, 2013, 10:18:26 PM by Fishrrman »

Online jmyrlefuller

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Re: Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins
« Reply #4 on: July 07, 2013, 07:12:15 PM »
I think even after the penny switched to that cheap zinc core, that too is also more valuable than face value... and all the pre-1982 minted all-copper pennies are still in circulation... is it any wonder why the intelligentsia want to get rid of it?


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