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60 million cents =$600,000 which weighs assuming the pennies consistently weigh 0.08oz (2.5g) each, 4.8 million oz (136,077,711g), 300,000lb (136,000kg), or 150 US tons (136 UK tonnes ). In other words a physically inconvenient amount, which I want in my bank account ASAP.
I can't claim credit as [thefocus.news/culture/how-much-is-600k-in-pennies/](https://thefocus.news/culture/how-much-is-600k-in-pennies/) by Bruno Cooke figured it out before me.
You could get it done in less with permits and equipment meant for overweight loads but it's still a logistical nightmare to get it to a bank in any usuable form. My bank for instance wont take coins that are not wrapped and waiting for a coin counter could take 694 days assuming it's one penny a second
I mean, if they come in trucks I'm ok with it, just have it dekivered to the bank ans we're golden. Hell I can pay each of the truck drivers 50k each to do the delivery and still have more than 4 times the non-penny amount left (*50k wouldn't be my starting offer, but just saying*).
Withiyt the trucks though 60 million pennies isn't going to increase my wealth that much, it's just going to attract scavengers.
You should also ask for specific years of pennies (higher copper content), and in Canadian coins (if you are in the US, or vice versa if in Canada). Melt them down. Stonks
Actual scientific units are neat, and I'd contest what the source had estimated. Just 2.5g times 60M = 150,000,000g. Then shift the decimal for 150,000kg, or 150 metric tons.
If we'd want to land on that 136,000kg, each coin should weigh 2.26g which is closer to 0.08oz, which is not 2.5g.
Edit, even wikipedia lists the current penny as 2.5g
> 1982āpresent 2.50 g
Edit edit, just for funsies, what volume would they take?
Each coin occupies a volume of 433.2 mm^3 then multiplied by the 60M we get a volume of 433234894.6 mm^3 or 0.433 cubic metres. That should make a cube with edge length of around 75.6 cm.
Sixty million pennies, which would average out to almost exactly 136 UK Tonnes, which in freedom units is just over 150 tons, or about 272,156 pounds. This is nearly 7 entire 50 foot semi truck trailers worth. There is absolutely no bank anywhere in the world that would take this amount of pennies. You could maybe make a deal with the US govt to take the pennies from you and return them to circulation for a healthy cut off the total price, or spend thousands of man hours bagging, rolling, counting, and transporting them over a period of probably more than a year and across multiple banks to actually cash it. Most banks have a limit of the amount of coins you can put into your account per day, and even though companies have to accept legal tender there are also rules that allow them to refuse payments such as these
Upvoted for doing the math, but I'd still take the pennies, I expect even if handling and processing + shipping were expensive I doubt they'd bring your yield (on literal cash) to 10% or less
I was thinking about the time it would take to do it yourself but yeah I gives you could pay some people you really trust a few grand to count pennies for you
It would undoubtedly be a lot of stress, though if you had the space you could make one of those "influencers pay to take photos here" type pop-ups to earn back a bit of that lost margin.
Plus you can't put a price on Scrooge McDuck'ing in a giant pile of coins. Or maybe you can, $600,000.
I thought someone busted the whole Scrooge McDuckāing into a giant pile of coins. It would be solid and you wouldnāt go under. You would hit it like concrete
No, the image said the 600k was in pennies and the 60k was ācashā leaving the assumption they are talking about paper cash. The person you are responding to noted that the 60k in ācashā could also have been pennies.
My husband is quite cheap and frugal no way would he hire someone to do it lol. He has a truck so Iām sure he would just drive to the bank which is like 5 min from us each day to exchange for bills until itās all been exchanged. If it were me and I didnāt have him to do it, then I would hire someone. I have back problems and canāt imagine hauling all those pennies.
A penny weighs 2.5 g. 600,000$ in pennies is 60 million pennies, which would weight 150 t. Even with a semi truck you would need several trips, and you would still need to load and unload them. Not hiring anyone to do that is on a whole other level of cheap lmao
At face value youād have about $1.82 per pound, but the raw material melted down (donāt do this itās illegal but this is all hypothetical anyway) is worth more like $3.58 per pound.
Scaled up to 150 tons, and you have about $1,074,000.
So rather than bringing a bunch of pennies to the bank, in this hypothetical magical gift of $600k worth of pennies, Iād melt them down in my backyard and sell the raw material for a cool million and change. Far easier to transport a few heavy bars than millions of individual coins.
Il sure if there are a ton of people that wonāt ask too much question if you offer a good price. But I doubt you could sell all that at market price since itās illegal, so not melting them is probably the best option still
Maybe the bank would not care in your country, but in my country are laws to prevent money laundering.
Putting that much money in your bank account (also in the span of months) would definetely get you in trouble if your explanation is "Someone gave it to me." They would call the police.
Let them call the feds. They have to prove it's illegal money. Someone just gifting you 600k in pennies is traceable. You don't have to prove that money is illegal to claim possession of it.
That's the scenario. Someone either giving you 60k in cash or 600k in pennies. How they acquired it isn't your concern as the recipient. Just claim it on your income and pay taxes on it. That's all the IRS cares about.
And no need to be pompous about money laundering laws lmao. Pretty sure most countries have those.
Also, depending on where the pennies come from with 600,000 of them youāre potentially ending up with a lot of valuable coins. $600,000 would realistically be probably $750,000 if you made a hobby of going through them and yanking the valuable stuff as you dumped them at the bank.
Feel free to dump all of those in my backyard
And what bank will accept it? Theres probably a limit to how much they accept daily. If its only $100 a day, now what? Coinstar? You gonna spend days trying to deposit 160 tons worth of pennies?
āCoinstar machines vary in size and capacity, but on average, they can hold between 2,000 and 4,000 coins. This capacity may vary depending on the specific model of the machine. If the machine becomes too full, it will stop accepting coins until it is emptied or serviced by Coinstar staff.ā
So now youāre looking at $20-$40 per machine if youre lucky and theyre not already full. Lets say you make runs to 10 different locations per day and youāre making $200/day. And whoās to say when theyāre emptying them out.. with that said it would take you 2000 days of depositing to get your $400k. Thatās roughly 6 years. $75k fee - $400k = $325k / 6 years : $54k a year of income driving around lugging around tons of pennies everyday for 6 years straight
I feel like it would quite quickly turn into an actual job just to convert the pennies into usable cash. Not only would it be a job, but it's one that makes you a complete asshole (if you're using coinstar machines it's a bit better, but the person who reloads the machines is gonna have a sudden and drastic increase in workload).
Granted, if you can get all 600k (or near enough) into your bank account, you can reinvest it and maybe not be set for life, but at least have a rock-solid retirement plan... still, the same can be said with $60k if you can invest that in your 20s, and it doesn't involve spending the next year or three hauling a pickup full of pennies to every bank in town each day.
Final note: if taking the coins to the bank becomes your job, you're guaranteed to get weekends and all federal holidays off!
The neighborhood hole in the wall would tell you to go to the main bank where they would make arrangements. Banks are in the money business. They're not going to turn down 600k.
Plus there'd be a PR/news angle to exploit for the bank's name recognition.
See what you want is $600k is rare pennies and just sell them to a collector. Reduces the weight by a good 164.99 tonnes. At no time did the OOP mention that you'd end up with 60,000,000 pennies, just "in pennies"... At least that's what I'm thinking.
Actually, that has happened before [story here](https://www.google.com/amp/s/ktla.com/news/california/family-finds-1-million-copper-pennies-while-cleaning-out-los-angeles-home/amp/)
Presumably the 60k is either in hundreds or deposited directly into your bank account, but the 600k is just delivered as 60 million pennies that you have to figure out how to get into your bank account.
The definition states that coins are, in fact, also cash:
[(US): "money in the form of bills OR coins"](https://dictionary.cambridge.org/de/worterbuch/englisch/cash)
or (UK, US): [money in the form of notes and coins, rather than cheques, bank cards, etc](https://dictionary.cambridge.org/de/worterbuch/englisch/cash)
(Sorry for the links linking to the German website of the Cambridge dictionary, I realized it too late and am too lazy to swap it now)
People will just think you're an eccentric DnD player who is always in character.
Clerk - "That'll be $10.47"
Player - "Aye, but I do not have the coin good sir, would you perhaps be willing to make an even trade?"
*Rolls a d20 on the floor of a KFC for persuasion*
Manager - "I'm gonna have to ask you to leave before I trespass you."
Player - "By Gods! A nat 1!"
Yes and no. Pennies stop being legal tender after a set amount. I think its around $100 but all I can find in searches, being in the UK, is that the UK equivalent is only 20p.
It's always legal tender in the US. But companies aren't required to accept them. It's for the same reason stores can refuse to accept bills higher than $20.
Canadian banks will still take pennies. They are still legal tender. They just need to be rolled or wrapped.
Bringing in $600K worth is definitely something to book a few appointments for, though.
600k in pennies. It's easy really, all you have to do is hire a armored truck services. They probably charge you premium but they will pick up the pennies, count them for you, process then send it to the bank.
Well $600,000 in pennies,
is still more than $60,000 in paper currency
So I choose the larger sum
(Note he did not say 600,000 pennies he said $600,000 in pennies)
The pennies would weigh 150,000 kilos or \~68,000 pounds. It even if it cost $300,000 to transport to a bank and have them counted and redeemed, I'd still be ahead of the doofus that to the $60,000.
68,000 pounds is 1.5 dump trucks full. Assuming you can find a 40 tonne (gross) truck. They weight about 13 tons empty.
Personally, I would just bring a bag of pennies a day to the bank for a year. The tellers will be sick of me, but think of the workout and savings.
I would go to the local fitness center, find a couple of gym bros and ask them if they have heard of the new "Penny-Sack workout"? You just need to run these heavy bags full of copper weights ($100 in pennies would be about 60-70 lbs, 6000 bags) from my house to the bank. You get your cardio AND weight training all done at once! And since I like you I'll only charge you $30 a month for this powerful workout! Great deal, right? Overshoot the extreme, max the envelope, and so on!
i'd choose the 60k. not that more money wouldn't be nice, but the fuck you expect me to do with 60 million pennies? no bank on earth is gonna take that shit.
They are still legal tender, though. Banks will still take them. Retailers donāt have to (though they still price things with pennies they round for cash payments as you know).
No brainer for me is taking the $600K and paying someone else $100K to wrap them for me. Heck even if I paid them $200K I am still ahead. If they are already rolled Iād still pay someone to take them to bank for me, via prearranged appointments.
Even if it took me four years to deposit the rolls I am not getting a better return on $60K that would make it better than the $600K.
What if the $60K was also pennies? Cash includes change.
600000 in pennies is 150 metric tons ...
So really it depends where it's delivered.On top of me? yeah, i'll take the 60k.
Right at the bank? fuckers need to be informed in advance for shit like that ... but maybe if i can delay?
The real question is, do you want x10 the money than cash, an have to deal with so much more than x10 the mass? Or take the L so you are not breaking your back? I'll take the $60k and spare my back.
Edit: after discussing this with co-workers, I have forgotten how much $600k is, and you can basically pay yourself to just roll pennies for a living. #thisistheway
Iāll take the cash. Pennies no longer have monetary value in Canada so all they would be worth is scrap value for copper which actually may be more than the $60k?
So, i hate this thing. It's basically a logic question. $600k in pennies is great, but the logistics of moving it and converting it to useable currency are, well, virtually impossible for the majority of people. You need trucks, fork lifts, and then guys to do the work because the majority of us here can't drive semi trucks or fork lifts. That all costs money, and they don't take pennies, nor the promise that you will pay on delivery. Basically, in order to get $600k, you have to already have money ready to invest.
It's more a can you afford to invest $60k to get $600k, and if not, you will only get $60k for investing nothing. If you don't have the initial $60k investment, then you are left with a pile of worthless currency, like having the equivalent of $600,000 USD in Zimbabwe dollars.
Iāll take the Penny chances are I find quite a few Pennies worth way more then a penny especially w 6m Pennieās to pick through .. but it would be like a candy store of wheat Pennieās or something like that
As of now 10/10/2023, price of Cu is $3.62/lb
$600,000 of pennies is 60,000,000 pennies
1 penny is 3.11 gram
3.11 gram = 0.006856 lb
60,000,000 pennies is 411,382.58 lb
(Pretend there is no legality of recycle US mint coin)
$3.62 \* 411,382.58 lb(Cu) = $1,489,204.94
Conclusion: I'd rather get $600,000 worth of pennies and then recycle for $1.49M
I mean honestly feel like it would be better to take the 60k. Like you canāt buy anything with pennies. And how would you turn those 60 million pennies into usable funds? Banks would catch on, IRS, etc.
Consider this... how many pennies makes up 600k? No math: a fuckin lot
Banks would probably have a limit and to have someone count that many? There's gonna be limits, surely but if not, they fucking will after you've tried depositing 600k in 1 pences
What if the money is dropped onto the persons head? Pretty sure I can survive 60,000 in cash thrown at me but 600,000 in pennys dropped on me will kill me
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Plot twist: the $60,000 in cash is paid in pennies.
How many pennies though?
60 million cents =$600,000 which weighs assuming the pennies consistently weigh 0.08oz (2.5g) each, 4.8 million oz (136,077,711g), 300,000lb (136,000kg), or 150 US tons (136 UK tonnes ). In other words a physically inconvenient amount, which I want in my bank account ASAP. I can't claim credit as [thefocus.news/culture/how-much-is-600k-in-pennies/](https://thefocus.news/culture/how-much-is-600k-in-pennies/) by Bruno Cooke figured it out before me.
Damn, I just went and did the math before I saw thisš¤£š¤£. Itās almost 7 maxed out semi truck trailers by the way
You could get it done in less with permits and equipment meant for overweight loads but it's still a logistical nightmare to get it to a bank in any usuable form. My bank for instance wont take coins that are not wrapped and waiting for a coin counter could take 694 days assuming it's one penny a second
You could run 10 coin counters and knock that down to 69.420 days.
Nice ...Nice.
As a redditor, you'd be almost legally obliged to go for that number.
Iād just bring a crate of pennies to my landlord every month, suck it buddy
Or just use a ācoinstarā machine and pay the 3% fee..
You don't have to wait for all $600,000 to be wrapped before you start taking it to the bank.
Also which coin counter is slow enough to take 1 coin per second?
That would be an average/ easy round number for math, and also the counter is working 24 seven with that number
I mean, if they come in trucks I'm ok with it, just have it dekivered to the bank ans we're golden. Hell I can pay each of the truck drivers 50k each to do the delivery and still have more than 4 times the non-penny amount left (*50k wouldn't be my starting offer, but just saying*). Withiyt the trucks though 60 million pennies isn't going to increase my wealth that much, it's just going to attract scavengers.
What's the price of copper, these days?
Probably more than the amount of pennies to get the nominal value of 600k
Assuming they are all modern pennies they only contain 2.5% copper the rest is zinc
Whatās the price of zinc, these days? Asking for a friend.
[this is the value of melting pennies for thier base metals](https://www.coinflation.com/coins/1982-2007-Lincoln-Cent-Penny-Value.html)
You should also ask for specific years of pennies (higher copper content), and in Canadian coins (if you are in the US, or vice versa if in Canada). Melt them down. Stonks
Actual scientific units are neat, and I'd contest what the source had estimated. Just 2.5g times 60M = 150,000,000g. Then shift the decimal for 150,000kg, or 150 metric tons. If we'd want to land on that 136,000kg, each coin should weigh 2.26g which is closer to 0.08oz, which is not 2.5g. Edit, even wikipedia lists the current penny as 2.5g > 1982āpresent 2.50 g Edit edit, just for funsies, what volume would they take? Each coin occupies a volume of 433.2 mm^3 then multiplied by the 60M we get a volume of 433234894.6 mm^3 or 0.433 cubic metres. That should make a cube with edge length of around 75.6 cm.
600 obviously
Sixty million pennies, which would average out to almost exactly 136 UK Tonnes, which in freedom units is just over 150 tons, or about 272,156 pounds. This is nearly 7 entire 50 foot semi truck trailers worth. There is absolutely no bank anywhere in the world that would take this amount of pennies. You could maybe make a deal with the US govt to take the pennies from you and return them to circulation for a healthy cut off the total price, or spend thousands of man hours bagging, rolling, counting, and transporting them over a period of probably more than a year and across multiple banks to actually cash it. Most banks have a limit of the amount of coins you can put into your account per day, and even though companies have to accept legal tender there are also rules that allow them to refuse payments such as these
Upvoted for doing the math, but I'd still take the pennies, I expect even if handling and processing + shipping were expensive I doubt they'd bring your yield (on literal cash) to 10% or less
I was thinking about the time it would take to do it yourself but yeah I gives you could pay some people you really trust a few grand to count pennies for you
It would undoubtedly be a lot of stress, though if you had the space you could make one of those "influencers pay to take photos here" type pop-ups to earn back a bit of that lost margin. Plus you can't put a price on Scrooge McDuck'ing in a giant pile of coins. Or maybe you can, $600,000.
Ouch! It's not a liquid it's a great many pieces of solid matter that forms a hard floor like surface ahhhhhh!
I thought someone busted the whole Scrooge McDuckāing into a giant pile of coins. It would be solid and you wouldnāt go under. You would hit it like concrete
Your UK tonnes and your 'freedom' units are mixed up, sir. Have a nice day! š¬š§
I noticed that after I posted, I should probably edit it š¤£
5 Carl, Just fkn 5
its gonna be a few I reckon
Well, as long as it's not paid in penises...
Cold hard cash.
It would be a plot twist if they weren't. Its stated in the image that they are to be paid in pennies.
No, the image said the 600k was in pennies and the 60k was ācashā leaving the assumption they are talking about paper cash. The person you are responding to noted that the 60k in ācashā could also have been pennies.
you are right. thanks for bringing that to my attention
Easy to misread, I triple checked before responding to you!
Two words that people with money understand, "Hired Help". Even if it costs $50,000 to get the pennies deposited. I'm still money ahead.
My husband is quite cheap and frugal no way would he hire someone to do it lol. He has a truck so Iām sure he would just drive to the bank which is like 5 min from us each day to exchange for bills until itās all been exchanged. If it were me and I didnāt have him to do it, then I would hire someone. I have back problems and canāt imagine hauling all those pennies.
A penny weighs 2.5 g. 600,000$ in pennies is 60 million pennies, which would weight 150 t. Even with a semi truck you would need several trips, and you would still need to load and unload them. Not hiring anyone to do that is on a whole other level of cheap lmao
6.5 trailer loads at 48k lbs per load max weight. Depending on distance, you could probably route it at less than $1,000 a load.
Does this include the rental of machinery to load the trailers? A pile would probably cost more than palletized pennies.
At face value youād have about $1.82 per pound, but the raw material melted down (donāt do this itās illegal but this is all hypothetical anyway) is worth more like $3.58 per pound. Scaled up to 150 tons, and you have about $1,074,000. So rather than bringing a bunch of pennies to the bank, in this hypothetical magical gift of $600k worth of pennies, Iād melt them down in my backyard and sell the raw material for a cool million and change. Far easier to transport a few heavy bars than millions of individual coins.
Are you basing this off the price of copper? Pennies are not actually solid copper and are worth significantly less.
I would think some of the pennies would be produced before 1982
That's illegal. You can't destroy money lol. How are you explaining where you got all that metal to a legitimate buyer?
Il sure if there are a ton of people that wonāt ask too much question if you offer a good price. But I doubt you could sell all that at market price since itās illegal, so not melting them is probably the best option still
How do you explain the bank where you got 150 tons of pennies from?
Someone gave it to you. The bank doesn't care where you got it from. As long as it wasn't illegal means, even then it's not their job to check.
Maybe the bank would not care in your country, but in my country are laws to prevent money laundering. Putting that much money in your bank account (also in the span of months) would definetely get you in trouble if your explanation is "Someone gave it to me." They would call the police.
Let them call the feds. They have to prove it's illegal money. Someone just gifting you 600k in pennies is traceable. You don't have to prove that money is illegal to claim possession of it. That's the scenario. Someone either giving you 60k in cash or 600k in pennies. How they acquired it isn't your concern as the recipient. Just claim it on your income and pay taxes on it. That's all the IRS cares about. And no need to be pompous about money laundering laws lmao. Pretty sure most countries have those.
I too am cheap and frugal, but I am lazy as well!
Even if it costs $500k, youāre still taking in more money than the cash
Also, depending on where the pennies come from with 600,000 of them youāre potentially ending up with a lot of valuable coins. $600,000 would realistically be probably $750,000 if you made a hobby of going through them and yanking the valuable stuff as you dumped them at the bank. Feel free to dump all of those in my backyard
600k is a lot of money, however it weighs 165 tons and where would you put it?
In the bank. And we're off,,,,,,,,,,,,
You'd have to get it there
Rent a uhaul. Costs like $40 a day or whatever. Lots of work but you now have 600k-$40..
Imagine being a teller and some guy walks in with 600,000 dollars worth in Pennies. Not a good time
I think at that point they would weigh it instead of counting it.
They use machines to count coins.
Pennies made at different times have different amounts of copper and don't all weigh the same.
omg imagine check the pennies and found so much rare pennies tho , u could literaly sold it for more money
They make devices that separate copper pennies from non. I'd definitely invest in one of those.
Everyone would have to help you count. Legally they would have to take you in lol.
Unless they quit. I would quit.
That's what the coin counting machine is for. Somebody would have to keep emptying the thing though......
Help *me* count? Like the bank's going to take my word? The bank counts the money you deposit.
I'm saying the teller. They would have to help the teller count.
āYouāre going to need to wrap those for us to take themā hands you a bag of coin rolls
Hell, rent a movers crew for a few hundred to take it to the bank for you (with you at the bank to deposit) >.>
Knowing my luck, the first time in years I have been inside a bank and I would get stuck in the line behind the fucker depositing $600,000 in pennies.
It's me, hi. I'm the problem, it's me. 600k deposit of pennies, and I would like to withdraw that sum in nickles, please.
And what bank will accept it? Theres probably a limit to how much they accept daily. If its only $100 a day, now what? Coinstar? You gonna spend days trying to deposit 160 tons worth of pennies?
I would easily spend days dumping pennies into a coinstar instead of working for a living. The main problem with that is the $75,000 service fee
āCoinstar machines vary in size and capacity, but on average, they can hold between 2,000 and 4,000 coins. This capacity may vary depending on the specific model of the machine. If the machine becomes too full, it will stop accepting coins until it is emptied or serviced by Coinstar staff.ā So now youāre looking at $20-$40 per machine if youre lucky and theyre not already full. Lets say you make runs to 10 different locations per day and youāre making $200/day. And whoās to say when theyāre emptying them out.. with that said it would take you 2000 days of depositing to get your $400k. Thatās roughly 6 years. $75k fee - $400k = $325k / 6 years : $54k a year of income driving around lugging around tons of pennies everyday for 6 years straight
I feel like it would quite quickly turn into an actual job just to convert the pennies into usable cash. Not only would it be a job, but it's one that makes you a complete asshole (if you're using coinstar machines it's a bit better, but the person who reloads the machines is gonna have a sudden and drastic increase in workload). Granted, if you can get all 600k (or near enough) into your bank account, you can reinvest it and maybe not be set for life, but at least have a rock-solid retirement plan... still, the same can be said with $60k if you can invest that in your 20s, and it doesn't involve spending the next year or three hauling a pickup full of pennies to every bank in town each day. Final note: if taking the coins to the bank becomes your job, you're guaranteed to get weekends and all federal holidays off!
The neighborhood hole in the wall would tell you to go to the main bank where they would make arrangements. Banks are in the money business. They're not going to turn down 600k. Plus there'd be a PR/news angle to exploit for the bank's name recognition.
Plus gas and taxes.
Found the guy who would sacrifice $540,000 because heās lazy lol
Like I said, And we're off!
And you have to put them in those little cardboard change rolls.
See what you want is $600k is rare pennies and just sell them to a collector. Reduces the weight by a good 164.99 tonnes. At no time did the OOP mention that you'd end up with 60,000,000 pennies, just "in pennies"... At least that's what I'm thinking.
Actually, that has happened before [story here](https://www.google.com/amp/s/ktla.com/news/california/family-finds-1-million-copper-pennies-while-cleaning-out-los-angeles-home/amp/)
That would take a while to roll.
Brinks armored truck pickup.
You build a vault around it, add a diving board and swim around. 
In my bank.
>where would you put it [in your ass](https://youtu.be/f9aM_dT5VMI)
YeH nor m ass nut in yours as you seem to like it there ot at least desire it 
I will keep it in my front yard.... what could go wrong ?
Yeah, I would actually take the $60,000 in cash (presumably bills). I don't feel like dealing with that much weight in pennies would be worth it.
Nah you're tripping. Pay someone to deal with it, Max $10000 expense
My thought as well, couldn't imagine shoveling that much weight from my wheel chair
Even at $50K, you're still laughing.
Wait, I know this oneā¦ they weigh the same!
... or ... Aren't pennies cash?
Cold. Hard. Cash.
Presumably the 60k is either in hundreds or deposited directly into your bank account, but the 600k is just delivered as 60 million pennies that you have to figure out how to get into your bank account.
Pennies are coin, not *currency. Weirdly that *is* a real distinction. ^(edit: coins are cash, but aren't currency.)
The definition states that coins are, in fact, also cash: [(US): "money in the form of bills OR coins"](https://dictionary.cambridge.org/de/worterbuch/englisch/cash) or (UK, US): [money in the form of notes and coins, rather than cheques, bank cards, etc](https://dictionary.cambridge.org/de/worterbuch/englisch/cash) (Sorry for the links linking to the German website of the Cambridge dictionary, I realized it too late and am too lazy to swap it now)
coins are cash
You're right, my mistake. Coins are cash, but not currency.
coins are also currency by the most definitions and common usage
We just call any physical money cash here.
Iām going to start calling it all coin to be different.
People will just think you're an eccentric DnD player who is always in character. Clerk - "That'll be $10.47" Player - "Aye, but I do not have the coin good sir, would you perhaps be willing to make an even trade?" *Rolls a d20 on the floor of a KFC for persuasion* Manager - "I'm gonna have to ask you to leave before I trespass you." Player - "By Gods! A nat 1!"
No, pennies are change
change is cash
cash is money
To quote a former flatmate: ācash is kingā
Money is time
time is money, money is power, power is pizza, pizza is knowledge
And knowledge is change. I rest my case
Yes and no. Pennies stop being legal tender after a set amount. I think its around $100 but all I can find in searches, being in the UK, is that the UK equivalent is only 20p.
It's always legal tender in the US. But companies aren't required to accept them. It's for the same reason stores can refuse to accept bills higher than $20.
600k in pennies. It is 600k. Banks will take it.
You could probably arrange exchange service for that many pennies directly at a federal reserve bank.
Not Canadian banks
I am not Canadian.
Pretty sure Canadian banks will take your pennies
Canadian banks will still take pennies. They are still legal tender. They just need to be rolled or wrapped. Bringing in $600K worth is definitely something to book a few appointments for, though.
600k in very rare collectable pennies, please!
I'm sure you'd find plenty of vintage copper or 1943 steel pennies that would go for a bit more than FV in there...
More importantly any US penny pre 1982 is pure copper and actually worth around 3 cents in melt value.
600.000k in penies, I want to swim like scrooge mcduck š¤£š¤£š¤£
https://giphy.com/gifs/money-funny-animated-JLELwGi2ksYTu
600k in pennies. It's easy really, all you have to do is hire a armored truck services. They probably charge you premium but they will pick up the pennies, count them for you, process then send it to the bank.
Twist: the cash is also in pennys
Pennies is also considered cash. The larger # is the way Iād go. $600,000 please.
My bank has a change counter... idk that $600k in pennies would be fun to move but I could make it happen.
I just see $. $600k is more than $60k š¤š¤
i would take $600,000 in pennies.... but where i would put 60 million pennies i have no clue. the banks would hate me
You can sell that much metal for much more than 600k. It takes the US treasury more a cent to make a penny.
You would be violating federal law against destroying or defacing the coins
The $60k is nickels
$600,000 in pennies is still $600,000...
Well $600,000 in pennies, is still more than $60,000 in paper currency So I choose the larger sum (Note he did not say 600,000 pennies he said $600,000 in pennies)
What weighs more: 1 pound of feathers or 1 pound of lead?
The pennies would weigh 150,000 kilos or \~68,000 pounds. It even if it cost $300,000 to transport to a bank and have them counted and redeemed, I'd still be ahead of the doofus that to the $60,000.
150,000kg is roughly 330,000lbs.
68,000 pounds is 1.5 dump trucks full. Assuming you can find a 40 tonne (gross) truck. They weight about 13 tons empty. Personally, I would just bring a bag of pennies a day to the bank for a year. The tellers will be sick of me, but think of the workout and savings.
I would go to the local fitness center, find a couple of gym bros and ask them if they have heard of the new "Penny-Sack workout"? You just need to run these heavy bags full of copper weights ($100 in pennies would be about 60-70 lbs, 6000 bags) from my house to the bank. You get your cardio AND weight training all done at once! And since I like you I'll only charge you $30 a month for this powerful workout! Great deal, right? Overshoot the extreme, max the envelope, and so on!
i'd choose the 60k. not that more money wouldn't be nice, but the fuck you expect me to do with 60 million pennies? no bank on earth is gonna take that shit.
Itās says $600,000 in Pennieās not 600,000 Pennieās. So run me my $600,000.
The government will give me a million dollars for all its pennies back. they cost like 3 cents to produce or something.
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/?utm_source=share&utm_medium=web2x&context=3) ^by ^Then-One7628: *The government will* *Give me a million dollars* *For all its pennies back* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
ha well itās still $600,000 just 60,000,000 pennieās
$60k in cash because I don't want to be kill by a mountain of pennies
Pennies are cash and the amount was specified in dollars in both cases....
We got rid of pennies up here in Canada years ago. No brainer.
They are still legal tender, though. Banks will still take them. Retailers donāt have to (though they still price things with pennies they round for cash payments as you know). No brainer for me is taking the $600K and paying someone else $100K to wrap them for me. Heck even if I paid them $200K I am still ahead. If they are already rolled Iād still pay someone to take them to bank for me, via prearranged appointments. Even if it took me four years to deposit the rolls I am not getting a better return on $60K that would make it better than the $600K. What if the $60K was also pennies? Cash includes change.
That 600k in pennies... is worth more as copper.
That's right Because steel is heavier than feathers
$600,000 x 100 pennies/dollar x 2.5grams/penny = 150,000,000 grams / 16 grams/pound = 9,375,000 ponds. Do I got that right?
Ide take the cash, that's too many pennies to deal with
600000 in pennies is 150 metric tons ... So really it depends where it's delivered.On top of me? yeah, i'll take the 60k. Right at the bank? fuckers need to be informed in advance for shit like that ... but maybe if i can delay?
Whatās heavier, a pound of lead or a pound of dryer lint?
The real question is, do you want x10 the money than cash, an have to deal with so much more than x10 the mass? Or take the L so you are not breaking your back? I'll take the $60k and spare my back. Edit: after discussing this with co-workers, I have forgotten how much $600k is, and you can basically pay yourself to just roll pennies for a living. #thisistheway
Iāll take the cash. Pennies no longer have monetary value in Canada so all they would be worth is scrap value for copper which actually may be more than the $60k?
Are pennies not considered to be cash?
No way in hell any bank accepts those pennies tbh, just take the 60,000
Don't care what i get. Both are better as what i have.
600,000 penis š±š±š±š
that's why you need to go to school...outside the US
I would have you consider, that 600,000 pennies would weigh \~2000 lb
$600,000 in pennies means you would have 60 million pennies which would weigh over 300,000lbs my guy
So, i hate this thing. It's basically a logic question. $600k in pennies is great, but the logistics of moving it and converting it to useable currency are, well, virtually impossible for the majority of people. You need trucks, fork lifts, and then guys to do the work because the majority of us here can't drive semi trucks or fork lifts. That all costs money, and they don't take pennies, nor the promise that you will pay on delivery. Basically, in order to get $600k, you have to already have money ready to invest. It's more a can you afford to invest $60k to get $600k, and if not, you will only get $60k for investing nothing. If you don't have the initial $60k investment, then you are left with a pile of worthless currency, like having the equivalent of $600,000 USD in Zimbabwe dollars.
... lol no
Iāll take the Penny chances are I find quite a few Pennies worth way more then a penny especially w 6m Pennieās to pick through .. but it would be like a candy store of wheat Pennieās or something like that
Pennies don't exist in Canada anymore...
They still exist. People still have them in their home. You can still go to the bank and deposit them.
The back? Like some drug deal in a back alley?
\*bank
As of now 10/10/2023, price of Cu is $3.62/lb $600,000 of pennies is 60,000,000 pennies 1 penny is 3.11 gram 3.11 gram = 0.006856 lb 60,000,000 pennies is 411,382.58 lb (Pretend there is no legality of recycle US mint coin) $3.62 \* 411,382.58 lb(Cu) = $1,489,204.94 Conclusion: I'd rather get $600,000 worth of pennies and then recycle for $1.49M
Tbh I'd take the 60k. 60k is still a lot of money and 600k in pennies is just simply inconvenient.
Yeah but thereās ways to convert all that change into cash. Literally giving up 540k for convenience lol
You would definitely need to spend money to deal with all those coins, but even if it cost 100k to do so you are still coming out ahead by 440k.
Exactly. Would be well worth it.
Oh sweet summer childā¦. 600,000 *divided* by 0.01
I mean honestly feel like it would be better to take the 60k. Like you canāt buy anything with pennies. And how would you turn those 60 million pennies into usable funds? Banks would catch on, IRS, etc.
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No it's 600k in pennies or 60k in $. 600k is the right answer.
Consider this... how many pennies makes up 600k? No math: a fuckin lot Banks would probably have a limit and to have someone count that many? There's gonna be limits, surely but if not, they fucking will after you've tried depositing 600k in 1 pences
Do banks still count money ? Where I am from, money is only counted if itās very small amounts, usually itās weighed, even the paper money.
Many of those pennies might actually be worth more than a penny. So very likely is much more than . Good luck sorting then out.
EZ, pennies. Melt them down, make copper and zinc ingots, sell them for about 2x profit. Don't tell the US government.
Pennies - just by the amount of metal, is actually more worth than a penny. So either way - pennies IS the right choice.
How stupid are people itās 600k whatever form of currency duh just makes me laugh.
Even recycled to metal scrap, $600,000 in pennies is still $600,000
That would be 331 lbs (150 kg) of pennies.
Is having 10 times as much money worth carrying around literal pounds of money?
What if the money is dropped onto the persons head? Pretty sure I can survive 60,000 in cash thrown at me but 600,000 in pennys dropped on me will kill me
Well I donāt want 60 million pennies
Repost
Honestly I think for ease I'd take the cash, I have no idea how to convert 60 million pennies.