“Illinois couple surprised to get a $9 million parking ticket”

by Walter Olson on October 16, 2008

Wouldn’t you have been too? Data entry was blamed. “Do not send cash,” the ticket advised. (Obscure Store).

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{ 2 comments }

1 LAN3 10.16.08 at 7:00 pm

Why not send cash?

For starters: $9.5 Million in cash (C-notes) would weigh about 190 pounds requiring that it be sent in 3 installments if only to keep it under the 70-pound package limit for USPS. Assuming $3.2ish Million/package, it would cost around $30/box to ship, Priority mail.

However, since you’re sending cash, you want to insure the money for its full value. You can only insure a package up to $5000, which means breaking the entire $9.5 mil into 1900 items, which would be shipped in #10 business envelopes at 42 cents per, plus insurance which is 49.25 per envelope, totaling about $95,000 for all of the postage, plus the time it takes to stuff and insure 1900 envelopes.

But you could very affordably hire transport on an Armored Car.

2 Bill Poser 10.17.08 at 12:55 pm

If only they weren’t collectors’ items, it would take a mere 95 $100,000 bills. They have been discontinued but are still legal tender.

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