Comments on: “Illinois couple surprised to get a $9 million parking ticket” http://overlawyered.com/2008/10/illinois-couple-surprised-to-get-a-9-million-parking-ticket/ Chronicling the high cost of our legal system Tue, 14 Feb 2012 16:26:11 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Bill Poser http://overlawyered.com/2008/10/illinois-couple-surprised-to-get-a-9-million-parking-ticket/comment-page-1/#comment-32201 Bill Poser Fri, 17 Oct 2008 16:55:53 +0000 http://overlawyered.com/?p=7696#comment-32201 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. 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.

]]> By: LAN3 http://overlawyered.com/2008/10/illinois-couple-surprised-to-get-a-9-million-parking-ticket/comment-page-1/#comment-32136 LAN3 Thu, 16 Oct 2008 23:00:35 +0000 http://overlawyered.com/?p=7696#comment-32136 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. 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.

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