Ancient Coin Puzzle | 14 Oct 2009
 

Thief once got hold of coin which read 250 B.C. so he understood it is an ancient coin and wanted a great price for it and one day he read something that lit his eyes. He saw "We buy BC coins at the rate of 100 $ per year old starting at $10,000 for the first year".

How much money can the thief expect.

Re: Ancient Coin Puzzle | 14 Oct 2009
 

He can expect $0 and a pair of handcuffs - no coin would ever have a BC date on it! So the advert would have been posted by police looking for dumb criminals.

Re: Ancient Coin Puzzle | 14 Oct 2009
 

Every coin here in India have a manufacturing date on it.

Re: Ancient Coin Puzzle | 14 Oct 2009
 

I guess it's this way :
Net amount (expected) = $10,000 + ($100 *248) = $10,000 + $24,800 = $34,800
$10,000 for first year and $100 for each of the rest 248 years. :thinking:

[See : Wikipedia]

Re: Ancient Coin Puzzle | 14 Oct 2009
 

I knew that wasn't the answer that shabbir was looking for :D

My answer: $235700

Since the current year is 2009AD and the coin dates back to 250BC.
So the difference in yrs is 2009-(-250) = 2259
And the prize is only for old coins so current year would not yield any money
2259-1=2258
and $100/year and $10,000 for first year so... 2257*100+10000 = 235700

Re: Ancient Coin Puzzle | 14 Oct 2009
 

hmm, even sp's got the point, that the deals only for BC coins, so 2009 yrs does not make any money :(

Re: Ancient Coin Puzzle | 14 Oct 2009
 

1. He is said to be a thief in the first place.

2. A coin that old must be handed over to archies. If he holds it, he is a double thief then.

Arrest him immediately.

Re: Ancient Coin Puzzle | 14 Oct 2009
 

@Shabbir: Can we have have the answer now?

It's been 2 days.

Even the thief has got bored whether he will get the money or the handcuffs
:bored::bored::bored:
:unsure::unsure::unsure:

Re: Ancient Coin Puzzle | 14 Oct 2009
 

249*100+10,000

SP how 248 years.

1 BC would be $10k
2 BC would be $10k+$100
.
.
.

Re: Ancient Coin Puzzle | 14 Oct 2009
 

so again you get your $ back :D