New York City's Transit system has $205,000 worth of Canadian coins for sale http://web.mta.info/nyct/materiel/pdf/MS14-235A-F.pdf DISCLAIMER: I do not work for the New York MTA and this is not intended to be self promotion
Mail man break his back trying to deliver that package. "What you got in here, bricks?" Me: "Emmm close...bricks of cash."
Can you imagine the fun of going through all those coins? Wow. I already have close to 30,000 Canadian cents pulled from circulation since 1969, but another 30,000 would probably require installation of steel trusses and the placement of concrete slabs as underlayment to hold all that coppery treasure.
It is kind of funny how they are pricing it in Canadian dollars. Do they want to be paid in Canadian money while trying to get rid of Canadian coins? I shouldn't have expected any less from the MTA.
I wonder what would happen if all the Canadian money found in the US was returned back to Canada. Would it devalue their money?
I'd think the guys at the Canadian mint might want to buy them and take off a few days at Christmas. It would seem that the likely winning bidder would be a Canadian bank near the border since the transport cost for buying the lot at some discount from face would be greater by the mile. How long did it take the MTA to accumulate all these? A week? A decade? Since they opened the first train?
