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

lematinal.com

14 points·nicolasd··10 comments

86.64 million nickels were produced in 2009[1]. This stunt would take 230.84 years of nickel production to pull off. http://visualeconomics.creditloan.com/the-value-of-united-st...

The facts about nickels in this thread are even more interesting the the hoax itself.

2009 was a low year for nickels, 1.2b coins is more typical

Still if coins stayed in circulation 20 years, $1b is same order of magnitude as all the nickels in circulation.

If anything, $3-4 in nickels per American seems on the high side, unless there are a lot of full coin jars.

Hoax from 9gag, apparently

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.

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.

Dunno about the US, but in Canada (http://laws-lois.justice.gc.ca/eng/acts/C-52/page-1.html#h-5), a truckload of coins on their own would not be considered legal tender. For nickels, the most you can give is $5.

That is pretty smart. It allows people to refuse being paid in some crazy way like this.

"Source: Internet"

I found this the only funny part of the article.

As a nickel expert, it would actually take more than 120 average semi truck trailers full of nickels to pay off $1 billion.

So Samsung looked down the back of the sofa and found 20 billion nickels! Ha

Just how much would 20 billion nickels weight?

That's some painfully unfunny satire.