Well, folks, it is time to analyse those answers and explanations submitted by some visitors to this blog. Unfortunately, I received too few submissions; therefore the sample is simply too small to represent the entire population. However, in my opinion, we can still get a glimpse of the respective lines of thoughts between the males and females.
I received only 8 submissions—4 from the gals and 4 from the guys. Out of the 4 submissions from the gals, 3 chose option (A) 1 truck full of 5-sen coins; and 1 chose option (B) 5 trucks full of 1-sen coins. As for the guys it's the other way round, 3 chose option (B); and only 1 chose option (A). Let's investigate their lines of thoughts.
Let's look at the submissions from the gals first:
Ready your blog about boys and girls on money talk. Just to respond to the question, here is my answer.
=Of course i would choose a truck load of 5 cents. It only makes sense to choose that. Since the 5 cents coins are smaller, i can get more coins in a truck
1 truck can fit 1000pcs 1 cents coins and 1200pcs of 5 cents coins (because 5 cents is smaller)
= 1000 x 5 trucks x 1 cents= 5000 (for 5 trucks of 1 cents)
= 1200 x 5 cents = 6000
Hope to see the results on your blog soon"
An answer which deserves an "A" in our education system, although I don't quite agree to the 20% difference in the number of coins. I don't believe the difference in size between the 1-sen and 5-sen coins is more than 5%, but I might be wrong.
And here are the other answers from the other gals:
"1 truck load of 5sen coins for me. Since they r smaller, I kinda think I’ll get more w the 1 truck of 5 sen than the 5 trucks of 1 sen… anyway like you said, 1 sen is facing out what would I want them for?? Unless… the 1 sen r real metal (copper) and unless I have a furnace where I can melt them down??? And get the metal’s worth… now that’s worth thinking about…Btw… I’m a girl."
"I choose this option
(A) 1 truck, full of 5-sen coins
This is because, it is more cost effective to transport the same amount of money in 1 truck compared to 5 trucks. Besides that, in storage space wise it is more economical if you look at the warehouse concept, where customers are charged according to the space they take up in the warehouse.
Another thing is, having so many 1 cents and knowing that it will be phase out come April 1 2008. It would be troublesome to bring all these 1 cents to the bank to encash it."
"B) 5 trucks, full of 1-sen coins
Why? I will sell these 5 truck loads coz copper price is at about USD$6.50/Kg now."
It won't surprise you that the last answer above was submitted by a mathematician; very, very calculative, huh?
"I would choose 5 trucks of 1-sen coins. Since the 1-sen coins will be out of circulation shortly, imagine the trucks load of copper I will have. If I melt them down altogether I will have so much copper that I can sell and get more than I bargain for.Ha Ha...... "
A word about melting money. It is of course illegal to melt money, so don't go collecting coins for the sole purpose of melting them down! However, I am doubtful that one can get more by selling melted coins. Although I haven't researched it, my idea is that the value of the metals used to make our coins must be worth less if sold as metal when compared to the face value of the currency. Otherwise, we wouldn't have coins in circulation since a long time ago! But I may be wrong. It would be good if anyone with an indepth knowledge in this can share a bit with us all.
As I said earlier, 8 submissions can hardly qualify to give an accurate picture of the entire population. To those who participated in this "experiment", thank you for being good sports. I hope you have had fun.