Samsung pays Apple $1 Billion sending 30 trucks full of nickles

Obviously not true. $1B in nickels would weigh roughly 220,000,000 pounds (a nickel is exactly 5 grams), which would take approximately 1,667 full sized semi trailers to haul (assuming 80,000 GVW, 60,000 cargo).

I still think Samsung should do this [ROFL1]

Samsung filed appeal

[Muaha]

I heard this rumor as well: You can't buy nickels in bulk because their melt value is higher than their face value.

A little research shows this to be false, but still interesting I think. While not true currently, it could someday be the case that the melt value of a nickel is higher than the face value.

Each nickel contains exactly 1.25 grams of actual nickel.
Current market price of Nickel: $7.6761/lb
If $1B in nickels truly does weight 220,000,000 lbs as TFOGGER says, Samsung would have sent Apple approximately $422,185,500 in melt value nickel.

Leave it to Snopes to debunk the ridiculous.
Still, it would have been awesome had it been true...

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Originally Posted by HoneyBadger

I heard this rumor as well: You can't buy nickels in bulk because their melt value is higher than their face value.

A little research shows this to be false, but still interesting I think. While not true currently, it could someday be the case that the melt value of a nickel is higher than the face value.

Each nickel contains exactly 1.25 grams of actual nickel.
Current market price of Nickel: $7.6761/lb
If $1B in nickels truly does weight 220,000,000 lbs as TFOGGER says, Samsung would have sent Apple approximately $422,185,500 in melt value nickel.

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But a nickel is only 25% Nickel the other 75% is Copper...so add that to your melt value math equation.

Quote:

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Originally Posted by 20X11

But a nickel is only 25% Nickel the other 75% is Copper...so add that to your melt value math equation.

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Actual weight of all nickels would be 220,462,442.01837 lbs.
75% of that is 165,346,831.51377 lbs.
165,346,831.51377 X Copper spot price of $3.7962 per pound
Total of $627,689,641.79257 in copper value
Total of $439,502,901.2857 in actual nickel value (spot up to $7.9742 today)
So $1Billion in nickels would have a scrap value of $1,067,192,543.0782 at spot prices.

Quote:

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Originally Posted by 20X11

But a nickel is only 25% Nickel the other 75% is Copper...so add that to your melt value math equation.

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Thanks BUC303 for adding the copper :)

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Originally Posted by Pancho Villa

Patent wars are quite harmful and patents themselves are very easily abused.

The system needs a dramatic overhaul. Patent suits are common as can be these days, and some of the things people patent are the equivalent of patenting a chair.

Not like a specific chair, but anything that can be used as a chair.

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To add to this: This patent BS lead by Apple is hurting ingenuity & advancement which is the exact OPPOSITE reason it was instituted to begin with. Leave it to Apple to find a way to slow our technological advancement as a society and turn it into their own financial gain all while convincing gullible people they are squeaky clean as a corporation and can do no wrong. Produce a better product at a reasonable price? Why do that when you can patent everything you had no hand in and then sue your competition who ARE producing better products at reasonable prices into the stone age.

People ask why I hate Apple so much are usually the same people who think it's a simple phone debate and can barely figure out how to power their phone on.

Quote:

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Originally Posted by HoneyBadger

Thanks BUC303 for adding the copper :)

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Its amazing what can be accomplished with math and boredom [ROFL1][Beer]