Samsung Pays Apple $1 Billion sending trucks filled with 5 cent coins! LOL

by vendor
7 replies
  • OFF TOPIC
  • |
GOOD ONE!

http://news-hound.net/samsung-pays-a...-5-cent-coins/
  • Profile picture of the author Kay King
    The photo shown is not of 5 cent coins - but of pennies....and I don't think the story is true.

    The most credible quote I've seen about this "story" is this

    As proof that some people will believe absolutely anything online, the latest story doing the rounds is that following Apple's win in the mutual ...
    Signature
    Saving one dog will not change the world - but the world changes forever for that one dog
    ***
    Please do not 'release balloons' for celebrations. The balloons and trailing ribbons entangle birds and kill wildlife and livestock that think the balloons are food.
    {{ DiscussionBoard.errors[8272092].message }}
    • Profile picture of the author vendor
      Originally Posted by Kay King View Post

      The photo shown is not of 5 cent coins - but of pennies....and I don't think the story is true.

      The most credible quote I've seen about this "story" is this
      Well i assume the photo is illustrative and not necessarily related
      to the story. I sure wish the story is true and not an Internet Hoax
      {{ DiscussionBoard.errors[8272094].message }}
  • Profile picture of the author MikeAmbrosio
    Some info:

    To pay off a billion dollars in nickels would require 20 billion of those coins. That amount would require Samsung to obtain the equivalent of all the nickels struck by the U.S. Mint in the last several decades. (In 2011, for example, the U.S. Mint produced less than one billion nickels, and 2010 less than half a billion.) Samsung would have to round up virtually every nickel in circulation to acquire over $1 billion worth of those coins, a feat that could hardly be accomplished without having a significant impact on the U.S. monetary system.

    A single nickel weights 5 grams (about .011 pounds),so a billion dollars' worth of nickels would weigh in at about 110,000 tons. That load would far exceed the carrying capacity of 30 or so trucks (requiring each truck to carry over 3,600 tons, or more than 7.2 million lbs. each). The equivalent of about 2,755 eighteen-wheeler trucks, each hauling 40 tons' worth of nickels, would be needed to transport the weight of that many coins. (And that calculation doesn't take into account the volume of physical space needed to assemble, transport, and store 20 billion nickels.)
    Based on this, it doesn't seem likely...
    Signature

    Are you protecting your on line business? If you have a website, blog, ecommerce store you NEED to back it up regularly. Your webhost will only protect you so much. Check out Quirkel. Protect yourself.

    {{ DiscussionBoard.errors[8272332].message }}
  • Profile picture of the author KimW
    Both Kay and Mike have already pointed out how this is not believable.
    Signature

    Read A Post.
    Subscribe to a Newsletter
    KimWinfrey.Com

    {{ DiscussionBoard.errors[8272600].message }}
    • Profile picture of the author AprilCT
      That is really not believable. For starters, if those were nickles (which it doesn't look like) where would they get enough for billions of them? A billion dollars in nickles? At 20 nickles to a dollar, that's 20 billion of them. Beyond believable.
      {{ DiscussionBoard.errors[8273642].message }}
  • Profile picture of the author seasoned
    Sending this much in coins is ILLEGAL! HOW?

    1. Samsung is a CORPORATION! For this stunt, they would need APPROVAL of the stock holders.
    2. The logistics, etc... would be INCREDIBLE!
    3. How do they PROVE the payment?

    BESIDES, all corporations do silly things like this. At least I have seen FAR WORSE! and samsung IS attacking them HEAD ON!

    BTW 20 nickles is worth MORE than a dollar! 100 pennies is worth more than a dollar. Apple might melt them down, and use the material in a new product!

    YEAH, I know, you aren't supposed to hurt CURRENCY either, but the US government probably wants to get rid of them ANYWAY!

    Steve
    {{ DiscussionBoard.errors[8274109].message }}
  • Profile picture of the author yukon
    Banned
    I have a bunch of copper plated $117 dollar bills If anyone wants to buy them at face value.
    {{ DiscussionBoard.errors[8274363].message }}

Trending Topics