According to the PaperBlog – This morning more than 30 trucks filled up with coins of 5 cents arrived at Apple’s headquarters in California. Initially, the security company that protects the facility said it was diverted to the wrong place, but minutes later, Tim Cook (Apple CEO) received a call from Samsung CEO explaining that they will pay $1 billion dollars for the fine recently ruled against the South Korean company in this way.
Put it this way if it “actually” happened
1. There are probably not 20 billion 5c coins in circulation and even if there was, how would a bank be able to amalgamate this quantity.
2. Each nickel weighs 5g. Therefore 20 billion weigh 100 billion grams or 11023 tons. This means that each truck would have to carry in excess of 367 tons of coin (no way)
3. Only a few 5c coins given in one transaction are classed as legal tender. If Apple refused to accept these coins Samsung would have to take them back and pay Apple interest until the debt was determined. Interest on $1 billion dollars even for 1 day is staggerring and Samsung are not that stupid. Shareholders could sue the directors personally if they did something like this.
4. The bank charges for supplying the coin and taking it back would be prohibitive.
Therefore in conclusion NO WAY!