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Did you know, that if you had a ton of old 2 pence pieces (worth 2800
pounds), you could melt them down and sell the ton of copper for the going
price of 4300 pounds.
Surely something has gone wrong when the things we use to represent the
actual money are worth more than the money itself?
IMO just get rid of the 1p and 2p (also 1 cent and 2 cent in Europe).
Didn't this happen in some country already?
(PS: No need to reply if this doesn't interest you)
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scott wrote:
> Did you know, that if you had a ton of old 2 pence pieces (worth 2800
> pounds), you could melt them down and sell the ton of copper for the
> going price of 4300 pounds.
HA! I *knew* it! I always thought the metal must be worth more than the
coin itself... (After all, metal is a pretty expensive material.)
Although... the coins aren't pure copper, are they? Would that affect
the price?
> Surely something has gone wrong when the things we use to represent the
> actual money are worth more than the money itself?
>
> IMO just get rid of the 1p and 2p (also 1 cent and 2 cent in Europe).
> Didn't this happen in some country already?
That would be... interesting. Especially given that all items sell for
Ooo, wait... if there were no 1p or 2p coins, it would have to be...
--
http://blog.orphi.me.uk/
http://www.zazzle.com/MathematicalOrchid*
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By the way... Did you know, I once looked up the price for a 7400. (As
in, a TTL quad two-input NAND gate IC.) It was 21.65p. I remember
wondering how the **** they charge you 0.56p...
Obviously, when I bought the thing, they just charged me 22p. (I was
robbed! They took 0.45p off me!) But now I realise... if you buy 100 of
is the kind of thing somebody is likely to buy 100 of...
--
http://blog.orphi.me.uk/
http://www.zazzle.com/MathematicalOrchid*
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"Invisible" <voi### [at] dev null> wrote in message
news:48736b4f$1@news.povray.org...
> Although... the coins aren't pure copper, are they?
No, they are in fact mild steel, or at least some kind of ferrous alloy.
Hold a magnet to a newish copper coin. I say copper because they're actually
copper plated. They started doing this (in the UK), about 8 years ago I
think.
~Steve~
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> Obviously, when I bought the thing, they just charged me 22p. (I was
> robbed! They took 0.45p off me!) But now I realise... if you buy 100 of
> the kind of thing somebody is likely to buy 100 of...
When I bought some pounds the other week with my euros, they were charging
me something ridiculous like 1.2572448282 Euros for a pound. I guess if I
was converting billions it would make a difference.
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>> Although... the coins aren't pure copper, are they?
>
> No, they are in fact mild steel, or at least some kind of ferrous alloy.
> Hold a magnet to a newish copper coin. I say copper because they're
> actually copper plated. They started doing this (in the UK), about 8 years
> ago I think.
Aha! So we just need to collect the old ones. I propose using a magnet to
sort them.
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scott wrote:
> When I bought some pounds the other week with my euros, they were
> charging me something ridiculous like 1.2572448282 Euros for a pound. I
> guess if I was converting billions it would make a difference.
Yeah, they do that, don't they?
I often wondered... If you were to convert GBP to DNF to USD to CHF to
EUR back to GBP... or something similar... could you end up with
(significantly) more than you started with? I mean, is there some
obscure sequence of currency exchanges where you end up with more than
you stared with?
--
http://blog.orphi.me.uk/
http://www.zazzle.com/MathematicalOrchid*
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> I often wondered... If you were to convert GBP to DNF to USD to CHF to EUR
> back to GBP... or something similar... could you end up with
> (significantly) more than you started with? I mean, is there some obscure
> sequence of currency exchanges where you end up with more than you stared
> with?
Dunno, write a Haskell program to parse some currency website and find out!
I suspect that any slight advantage you can get would be totally wiped out
by the fees involved.
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Invisible wrote:
> I often wondered... If you were to convert GBP to DNF to USD to CHF to
> EUR back to GBP... or something similar... could you end up with
> (significantly) more than you started with? I mean, is there some
> obscure sequence of currency exchanges where you end up with more than
> you stared with?
>
Yup, sure is. Lots of traders doing it in banks all over the City.
However, more money can be made from Futures and spread betting.
John
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>> I often wondered... If you were to convert GBP to DNF to USD to CHF to
>> EUR back to GBP... or something similar... could you end up with
>> (significantly) more than you started with? I mean, is there some
>> obscure sequence of currency exchanges where you end up with more than
>> you stared with?
>
> Dunno, write a Haskell program to parse some currency website and find out!
Heh. Don't tempt me with such things! ;-)
> I suspect that any slight advantage you can get would be totally wiped
> out by the fees involved.
Yeah, the differences would have to be "large" for this to make sense...
--
http://blog.orphi.me.uk/
http://www.zazzle.com/MathematicalOrchid*
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