% For fear of fake knock-offs.cn %
http://www.scmp.com/news/china/society/article/1900066/no-small-change-chinese-businessman-has-18-tonnes-dollar-coins No small change: Chinese businessman has 1.8 tonnes of dollar coins on his hands 12 January, 2016 Gloria Chan [images http://cdn3.scmp.com/sites/default/files/styles/980w/public/images/methode/2016/01/12/313365e2-b8db-11e5-9ce7-2395197ababe_1280x720.jpg?itok=iizt31Yg Coining it: The man, surnamed Zhang, made a small fortune, a dollar at a time, in coin-operated businesses. But no bank will accept such a large amount of coins. Photo: CNS http://www.scmp.com/sites/default/files/styles/486w/public/images/methode/2016/01/12/30c187ba-b8db-11e5-9ce7-2395197ababe_486x.jpg?itok=iUNu-KjP Mr Zhang’s rapidly expanding mountain of coins has become a growing problem. Photo: CNS ] Hard-earned hoard is worth 300,000 yuan [US$45.6k], but banks are unwilling to accept it A businessman in central China has been left with a weighty problem on his hands: what to do with a pile of 300,000 one yuan coins weighing 1.8 tonnes, state media reports. The man, surnamed Zhang, built up the small fortune running coin-operated laundries and electric motorcycle charging stations in Zhengzhou, the capital of Henan province. Despite the money being carefully packed into bags of 500 coins each, no one is willing to take it. A chain of supermarkets that used to exchange his coins for cash stopped doing so three months ago as the demand for coins dropped. Since then, his coin pile has grown so large that banks are turning Zhang away. According to the report, banks in China are unwilling to accept large deposits of coins because of the space required to store them, and out of fear of fake coins. [© 2016 South China Morning Post] ... [related dated http://www.scmp.com/news/china-insider/article/1816326/chinese-petrol-station-worker-buys-680000-yuan-car-massive-stash Chinese petrol station worker buys 680,000-yuan car … with a massive stash of coins 04 June, 2015 https://cdn4.scmp.com/sites/default/files/2015/06/04/12764301_980x1200_0.jpg ] http://electric-vehicle-discussion-list.413529.n4.nabble.com/U-S-Marshals-changzhoued-busted-shutdown-e-1wheel-knockoff-cn-CES-v-tp4679591.html U.S. Marshals changzhoued(busted&shutdown) e-1wheel-knockoff.cn @CES (v) Jan 09 2016 For EVLN EV-newswire posts use: http://evdl.org/evln/ {brucedp.150m.com} -- View this message in context: http://electric-vehicle-discussion-list.413529.n4.nabble.com/Poor-wealthy-e-motorcycle-EVSE-bizman-Banks-won-t-ca-h-his-coins-cn-tp4679790.html Sent from the Electric Vehicle Discussion List mailing list archive at Nabble.com. _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org Read EVAngel's EV News at http://evdl.org/evln/ Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
