How many nickels in a billion dollars?

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Bob S
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Joined: 07/15/2011 - 8:59am
How many nickels in a billion dollars?

This morning more than 30 trucks filled with 5-cent coins arrived at Appleā€™s headquarters in California. Initially, the security company that protects the facility said the trucks were in the wrong place, but minutes later, Tim Cook (Apple CEO) received a call from Samsung CEO explaining that they will pay $1 billion dollars for the fine recently ruled against the South Korean company in this way.

How many nickels in a billion dollars?

Ugenetoo
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Joined: 08/05/2011 - 12:32pm
That would be neat, but the

That would be neat, but the logistics of this make it false;
http://www.snopes.com/politics/satire/samsung.asp

taxfoe
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Joined: 03/22/2000 - 1:01am
Let's see . . if memory

Let's see . . if memory serves, there's at least twenty per dollar . . how many is a billion? That's a thousand times a thousand times a thousand, right? . . so that's three thousands times 20 . . at least six thousand . . or is that sixty thousand?

Show your work?

Ugenetoo
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Joined: 08/05/2011 - 12:32pm
Whoop! Whoop!

Whoop! Whoop! Whoop!

Ehah.............. wise guy are ya?

pmrmsm
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Joined: 05/08/2006 - 10:52am
20,000,000,000 nickels if my

20,000,000,000 nickels if my math is correct.

EDIT: I just read the original post to this thread and the link that went with it. I guess my math is correct.

Ugenetoo
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Joined: 08/05/2011 - 12:32pm
If one of the replies beneath

If one of the replies beneath the article holds any water, a Billion dollars would weigh 2 million lbs. if it were in paper one $ bills.

Burdock Farm
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Joined: 07/18/2012 - 1:28pm
Maybe I'm out there, but I

Maybe I'm out there, but I don't get the logistics of this.
What bank or banks have these on hand?
This must be a put on.
You suppose we have this in nickles in the state of Maine.
Not likely.
30 trucks full?
I think it's a good story, but not possible.

Roger Ek
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Joined: 11/18/2002 - 1:01am
Like copper pennies, nickles

Like copper pennies, nickles are worth more as melt metal than as currency. Samsung is too pragmatic to turn over that much value in nickles. They would melt it down and send a ceck to Apple. Stop and think. A billion is about three dollars for every man, woman and child in our country. Does every person in your family have $3 worth of nickles?? For the math challenged poster above, that's 60 nickles each.

As the dollar continues to fall in real terms, we will likely see aluminum coins as they have in many countries. Canada did away with paper dollar bills and went to the Loonie. Then they liked the Italian coins with two metals and made twonies to replace their $2 bill.

IAC
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Joined: 06/03/2008 - 11:34am
I suppose they can try to pay

I suppose they can try to pay this way, but Apple would be well within its rights to refuse it and demand payment in bills or check. Last I knew, coins are not "legal tender for all debts, public and private".

And, yes, $1,000,000,000 is 20 billion nickels.

Calvin
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Joined: 05/15/2001 - 12:01am
The check is in the mail.

The check is in the mail.
Many years ago an airline company had purchased the first big superliner ( I forget which model) from Boeing.
Boeing wouldn't deliver until it was paid for. The airline wouldn't pay until it was delivered.
The plane was on the runway, engines running, waiting for takeoff, when by phone they verified the electronic delivery of funds, one bank account to another. The loan, the interest, the payments and the first flight all started in that moment.

IAC
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Joined: 06/03/2008 - 11:34am
I am mistaken, according to

I am mistaken, according to Snopes.

... the Coinage Act of 1965 specified that all U.S. coins are legal tender in any amount. However, even in cases where legal tender has been agreed to as a form of payment, private businesses are still free to specify which forms of legal tender they will accept.

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