How much is a ton of money

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Profile Bob DeWoody
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Message 1760272 - Posted: 29 Jan 2016, 6:52:01 UTC

We have all heard the expression "That must cost a ton of money". Of course it depends on whether it's coin or paper and which currency you are using. A ton of dollar bills would be $800,000.00, a ton of tens would be $8,000,000.00 and so on. My calculation was based on weighing a crisp new dollar bill at 0.04 ounces.
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Message 1760403 - Posted: 29 Jan 2016, 16:48:43 UTC
Last modified: 29 Jan 2016, 16:50:56 UTC

That's a great question.

The first thing that came to my mind, however, was more in terms metaphorically speaking of what a ton of money was say 50 years ago vs. today. My quick answer right now is a million dollars, but yesterday I was watching the Twilight Zone, and 50 thousand was a ton of money.

Maybe we should ask Donald Trump? ;~)
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Message 1760449 - Posted: 29 Jan 2016, 20:51:35 UTC - in response to Message 1760403.  

That's a great question.

The first thing that came to my mind, however, was more in terms metaphorically speaking of what a ton of money was say 50 years ago vs. today. My quick answer right now is a million dollars, but yesterday I was watching the Twilight Zone, and 50 thousand was a ton of money.

Maybe we should ask Donald Trump? ;~)

Gold coins would be $35,795,200.
Well 24k gold ones.
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Message 1760477 - Posted: 29 Jan 2016, 22:14:53 UTC

According to Investopedia:
We may all have a different idea of what constitutes a "ton of money", but according to the Bureau of Engraving and Printing, a ton of $1 bills amounts to $908,000 - nearly $1 million!

If you're talking about a ton of coins, then it's a different story - a ton of quarters is worth $40,000, and one ton of pennies (363,000 pennies to be exact) is worth $3,630.


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Message 1760527 - Posted: 30 Jan 2016, 1:35:22 UTC

They have the dollar weighing 0.35 oz. Mine must have been slightly dirty at 0.04 oz.
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Message 1760535 - Posted: 30 Jan 2016, 2:04:10 UTC
Last modified: 30 Jan 2016, 2:07:24 UTC

Or perhaps a ton of feather versus a ton of lead.

You may also compare a one dollar coin with a 10 dollar note in the same way.
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Message 1760784 - Posted: 30 Jan 2016, 17:11:42 UTC

Short ton, long ton or metric tonne?

I get very confused between them.
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Message 1760788 - Posted: 30 Jan 2016, 17:28:32 UTC - in response to Message 1760784.  

Short ton, long ton or metric tonne?

I get very confused between them.

plain ton, 2,000 pounds.
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Message 1760811 - Posted: 30 Jan 2016, 18:36:41 UTC

no, that's a short ton, a real ton is 2240lb....
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Message 1760814 - Posted: 30 Jan 2016, 18:39:57 UTC - in response to Message 1760811.  

no, that's a short ton, a real ton is 2240lb....

What is that in Kg? :)
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Message 1760820 - Posted: 30 Jan 2016, 19:13:26 UTC

of course a tonne is 1000kg ;-)


But what is a "real ton in kg......1016.047kg
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Message 1760852 - Posted: 30 Jan 2016, 20:30:31 UTC

I always thought of a ton of money as a figure of speech. So it would be more than I can spend.
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Message 1760863 - Posted: 30 Jan 2016, 20:54:41 UTC

$908,000.00, hmm... What would I do with that?

Pay off all My bills,
Buy a house & land,
Pay off 2 mortgages(Nephew and Sister in laws),
Buy a 2005-2014 Mustang GT,
Fix up the current car and give to an acquaintance who could use a car of Her own,
Put $2,000.00 in a savings account,
Buy a heavy duty treadmill(500-600lb capacity),
Go solar(photovoltaic),
Install new vinyl clad dual pane windows on house,
Have electrician expand/upgrade electrical system in house if needed,
totally outfit My PCs the way I want.

I can't think of anything else, but that would take a bite out of that 'ton'...
The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's
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Message 1760952 - Posted: 31 Jan 2016, 4:03:45 UTC
Last modified: 31 Jan 2016, 4:04:05 UTC

Or perhaps it could be said this way.

Assumedly a coin may be regarded as being more of value than a note because a coin is metal and a note is paper.

But 10 dollars is always more than 1 dollar when it comes to money.

If a 1 dollar coin could weigh 2 grams, a ton of such coins would amount to 500,000 dollars.

A 10 dollar note would probably weigh 1 gram, therefore 1,000,000 such notes would be needed in order make it a ton of money.

Then we probably are back to what money is worth and for which purpose it is all about.

Most likely there should be agreed that this discussion is not worth the print on the paper.

Not meant for Bob DeWoody, of course.

Anyway, to be a little more specific, at Mersenneforum there is a discussion about using the mod % operand for certain calculations. The assumption is that some numbers, those that are odd, like 21, 57 and 95 may not be divided by 2.

Therefore it should be no numbers between 10 and 21 because 21 may not be divided by 2.

Possibly this is not the correct guess or assumption here.
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Message 1760962 - Posted: 31 Jan 2016, 6:35:09 UTC

In the UK a metric tonne of 20p coins is worth £40,000 exactly, and for 50P coins is £62,000.

20p coin is 5gm, 50p coin is 8gm, good enough to calibrate those pocket digital scales without buying fancy calibration weights.
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Message 1761117 - Posted: 31 Jan 2016, 22:19:19 UTC - in response to Message 1760952.  

Or perhaps it could be said this way.

Assumedly a coin may be regarded as being more of value than a note because a coin is metal and a note is paper.

But 10 dollars is always more than 1 dollar when it comes to money.

If a 1 dollar coin could weigh 2 grams, a ton of such coins would amount to 500,000 dollars.

A 10 dollar note would probably weigh 1 gram, therefore 1,000,000 such notes would be needed in order make it a ton of money.

Then we probably are back to what money is worth and for which purpose it is all about.

Most likely there should be agreed that this discussion is not worth the print on the paper.

Not meant for Bob DeWoody, of course.

Anyway, to be a little more specific, at Mersenneforum there is a discussion about using the mod % operand for certain calculations. The assumption is that some numbers, those that are odd, like 21, 57 and 95 may not be divided by 2.

Therefore it should be no numbers between 10 and 21 because 21 may not be divided by 2.

Possibly this is not the correct guess or assumption here.


Since I posted the original statement in the Cafe it was intended as a light hearted attempt put a value on a phrase that gets used a lot. As far as I am concerned few of the discussions in here would be worth the paper they would be printed on.
Bob DeWoody

My motto: Never do today what you can put off until tomorrow as it may not be required. This no longer applies in light of current events.
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Message 1761196 - Posted: 1 Feb 2016, 2:04:35 UTC - in response to Message 1761117.  

bottom line I think, if you need a fork lift to open your wallet, you have enough most of the time. However if something requires a fork lift of money.. it might be expensive.
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Message 1761198 - Posted: 1 Feb 2016, 2:29:25 UTC

I think a ton of money is equal to one quarter of a S**t-load of money.
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Message 1761226 - Posted: 1 Feb 2016, 5:23:21 UTC - in response to Message 1761198.  

I think a ton of money is equal to one quarter of a S**t-load of money.

I can't think of a way to quantify that one. Nor do I want to.
Bob DeWoody

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Message 1761228 - Posted: 1 Feb 2016, 5:29:56 UTC

When you have enough money that you need materials handing equipment to move it ...
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Message boards : Cafe SETI : How much is a ton of money


 
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