Surprising that any nation’s currency would be magnetic. Coins are usually made of brass, zinc, copper, silver, etc.
Steel is cheap. Copper, zinc, nickel, brass and especially silver are rather expensive.
Many world coins up to about 10-50c are steel plated copper or similar.
Most of the world considers it unacceptable to have a coin that costs more to manufacture than it is worth, let alone have just the raw materials cost that much. Smaller coins have often been simply removed.
In the US, on the other hand, apparently the zinc industry is able to force the continued expensive existence of the penny.
I’ve noticed that euro coins rust in pools and ponds. Not green copper oxidize, but red iron rust
It looks like only the 1, 2, and 5c Euro coins contain steel.
Could be. I meant euro as in the currency. Wishing well pools and ponds—wherever people throw coins—end up a rusty mass. It’s hard to tell where it’s coming from
I say good on him.
Me taking a coin out of my pocket and looking at both sides
He’s right!
Kara was effectively stealing 20% of LRT fares over the 13-year period; one in five coins that were fed into the machines by the paying public ended up in his shaving bag, amounting to around 2 million customer journeys. It seems inconceivable that he wasn’t caught sooner.
This really does seem inconceivable. I’m an industry accountant and worked in the safe room counting drawers for a supermarket and a cafeteria. I lose it when I’m not balanced, even $10 on a 200k deposit. How… How was someone not noticing 20%?? Hell he deserves it with the lack of controls in place. Maybe things were different then…
It’s written that they did notice it but were unable to pinpoint the problem and thought it is a software bug. Reminds of a recent story where an actual software bug got post workers in the UK jail time and huge fines because they were accused of stealing that money
It’s the government, it’s not their money. Finding the discrepancy is extra work which is kryptonite to government employees.
Imagine if he had just bought a few lame apartments and then washed his money as rent. He might never have been caught.
