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The monetary density of things

It's a common figure of speech to say that x is worth its weight in y, where y is usually (but not always) gold. But most of us don't buy and weigh gold very often, so how do you connect that to real life? Does "worth its weight" in pennies or $100 bills make any more sense?

We have collected here a bunch of examples for different things that represent a wide range of monetary value per unit weight, in what might make a useful calibration chart for your future idiomatic usage.

Let's start this off with a down-to-earth question. Which has a higher monetary density: dimes or quarters? In other words, if you had to carry around $1000 worth of either dimes or quarters, which should you ask for?



moneyDensity.coins

And... surprisingly enough, dimes and quarters have the same density, about $4.50 $20 per pound, so you can pick either. (But as you can see, nickels are mighty inefficient. Avoid carrying them in your pockets whenever possible. )


moneyDensity.paper On a related topic, paper bills weigh about 1 gram each. The monetary density of paper currency makes much more sense-- just look at that beautiful curve. Clearly, bigger bills are better.


moneyDensity.flour

Alongside US coins we have such staples as all-purpose flour and base metals. Interesting that copper is worth so much more than pennies are-- but pennies these days are only 2.5% copper, the rest is cheap zinc. (In fact, pennies haven't been made of plain copper since 1837.)

[Aside: The commodity prices that we cite here are all rough estimates, believed to be more-or-less correct as of August 2008. See the table at the end for references.]


moneyDensity.kopi

Kopi Luwak coffee costs approximately the same amount per pound as human blood. (Knowing where it comes from, I think I'd rather drink the blood. It's been pointed out before that printer ink is also up there, but I'd rather not drink that either.)

Would you have guessed that peacock feathers can be worth more than their weight in dollar bills? Or that a fancy steak costs twice as much as its weight in dollar coins?


moneyDensity.gold

People have been saying that the new industrial grade swimsuits like the LZR Racer are worth their weight in gold. As you can see, this is clearly inaccurate. But such a suit is worth its weight in marijuana or industrial diamonds.

At the high end of this graph is gold (the only thing worth exactly its own weight in gold!), right next to the cost of launching a pound of stuff to low earth orbit on the ISS. Putting that into perspective here: You might as well build your whole spaceship out of $20 bills-- it still would cost less than putting it up there. It could almost be made of solid gold for that price.


moneyDensity.rhodium

Of course, gold isn't the only precious metal, or even the most expensive. That "honor" belongs to rhodium, whose price far exceeds that of its weight in $100 bills. There's an interesting coincidence in this price range: Cocaine is about $50/gram, while a fifty dollar bill weighs about a gram. Even exchange? Platinum is also in the same price range, so you could say that $50 bills are worth their weight in platinum.


moneyDensity.lsd

If we look at good-quality 1 carat diamonds, we find that they are quite expensive compared to the industrial diamonds we saw earlier. Now, the diamond monopoly hasn't kept prices quite as high as LSD, however they are doing a very impressive job of trying. LSD doses measure in the micrograms, which makes the per-pound "street value" of the stuff astronomically high.

In the table that follows, we list our data with references, organized from cheapest to most expensive. A few of the items in the table didn't make it into our graphs, including the last (and most expensive) item. Antimatter -- presently made one subatomic particle at a time-- would be unfathomably expensive in the bulk, some $26 Quadrillion per pound.


ItemPrice per pound
All purpose flour $0.52
Zinc $0.80
Lead $0.85
Bottled water $1.00
Pennies $1.81
Copper $3.50
Nickels $4.54
Nickel $9.00
Bulk hemp fiber $12
Dimes $20
Quarters $20
Turkey feathers $26
Maine Coon Cat (Pet quality ~20 lbs) $50
Dollar coins $56
Uranium (as U3O8) $65
Kobe Beef Filet Mignon $112
Kopi Luwak $160
Human Blood $181
Silver $197
Printer Ink $322
Peacock feathers $410
One Dollar Bills $454
Two Dollar Bills $907
Lottery Tickets (California $1 scratch-offs) $907
Saffron $1,000
Marijuana $2,000
Five Dollar Bills $2,268
Industrial diamonds $2,300
LZR Swimsuit $2,495
Palladium $4,287
Ambergris $4,500
Ten Dollar Bills $4,536
Twenty Dollar Bills $9,072
Any object brought to ISS At least $10,000
Gold $12,000
Platinum $20,679
Fifty Dollar Bills $22,680
Cocaine $22,680
Hundred Dollar Bills $45,359
Rhodium $77,292
Good-quality, one-carat diamonds $11.4 M
LSD $55 M
Antimatter $26 Quadrillion




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The monetary density of things | 51 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.
The monetary density of things
From: RichM on Wednesday, August 27 2008 @ 04:34 AM PST
The phrase you are looking for is "worth its weight in aerogel."
The monetary density of things
From: Allen Holman on Wednesday, August 27 2008 @ 05:45 AM PST
The 8gb iphone seems to get close -
- Weight 4.8 Ounces - 1
- Phone cost: $600 - 2
- Service cost: $2040 - 3

$2640 / 4.8 ounces = $550/ounce * 16 = $8,800 per pound of iphone

Density of coins, errata
From: Anonymous on Wednesday, August 27 2008 @ 07:07 AM PST
"And... surprisingly enough, dimes and quarters have the same density, about $4.50 per pound, so you can pick either. (But as you can see, nickels are mighty inefficient. Avoid carrying them in your pockets whenever possible.)"

Actually, it looks like your eyes skipped a row. According to your chart and the data below, the nickels are about $4.50 per pound and dimes and quarters are $20 per pound.

Erik
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 07:10 AM PST
always been too lazy to compare the price of the tobacco in a cigarette to other things. Anybody gotta gram scale?
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 07:30 AM PST
Uranium's atomic weight is 238, not 308 as you have listed.
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 07:45 AM PST
Marijuana is not $2000 a pound.
i noticed about 3 years ago that an ounce of gold and an ounce of decent pot both cost $300. today the same pot is still $300 but gold is between double and triple that.
but i digress, a pound of pot wholesale (of the same quality as i mentioned above) is between 2800 and 3200. which would retail between 4000 and 5000, depending on how you bust it down
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 08:03 AM PST
Bottled water: this is evil and deserves more than a '1.0' per pound recognition:

1 gallon of water equals 8.33 lbs.

A pound of bottled spring water from fiji
A pound of bottled distilled water (generic brand) - about $1.00 for 8.33 lbs.
A pount of Aquafina filtered tap water: $2.35 for 32 oz. 1 US gallon = 128 US fluid ounces

You could write a whole-nuther entire article using bottled water as the base instead of a pound of gold.

I would digg that.
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 08:16 AM PST
Not sure where you are getting your weed, but where I come from it hovers around $300/once. I've heard an ounce of NYC Diesel can be $1,000 ... I've heard. I... I don't actually know that for sure ... Your not a cop are you?
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 08:43 AM PST
Pure Botulinum A, the active ingredient in botox, is supposed to be extremely expensive. Doses are nanograms (since it's lethal at 1nanogram/kilo), and only something like a few milligrams are produced. I can't find a place to buy it, though ;-)
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 09:02 AM PST
It would could approximately 400 times the Gross World Product (~$65 trillion) to produce a pound of antimatter.
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 09:12 AM PST
The US coins were originally intended to be 'worth their weight' in the metal they were made from. Pennies were originally made of copper, Nickels of (*gasp*) nickel, and Dimes and Quarters of silver. Since then things have changed, and these coins are now made of cheaper alloys, but the weight ratio between the dime and quarter are, in fact, for a reason.
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 09:30 AM PST
These really should be bar graphs. Line graphs are most commonly used to show trends over time, not comparisons of individual things. However, since it's interesting and funny, you get a pass. This time.
The monetary density of things
From: Dennis on Wednesday, August 27 2008 @ 09:52 AM PST
Just for clarity, the US cent switched to copper clad zinc during 1982 (both types were produced that year). The 1837 change was from pure copper to 95% copper.

Cents dated 1982 can be distinguished by flipping them. When your thumbnail strikes the zinc coin you hear a thud. A coin with copper alloy rings.
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 11:22 AM PST
If you added post-1964 half dollars and Eisenhower dollars to chart one, they would *also* be the same as dimes and quarters -- again, due to the fact that the original size was set by silver value.
The monetary density of things
From: RichM on Wednesday, August 27 2008 @ 11:37 AM PST
Thus, we derive the cost of the Vietnam war expressed in tons of LSD: 5.3

Or 9.1 tons of heroin (street price)
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 11:51 AM PST
Printer ink?
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 03:23 PM PST
Part of my job (at a national lab) is producing something called ultra-cold neutrons. These are the usual sub-atomic particles, but slowed down so far that a human can outrun them. My project's budget is about 1 million smackers per year, and we produce about 10,000 ultra-cold neutrons per second. I may have screwed up, but at a mass of 1.6x10^-27 kg/neutron, that comes to a price of about 10^21 $/lb., or about 40000 times the cost of antimatter. I may have dropped some digits, though.
The monetary density of things
From: Anonymous on Wednesday, August 27 2008 @ 10:54 PM PST
What about the monetary density of gasoline. At the current cost of about $4/gallon, or about 50c/lb it would have the lowest value density of everyday items on your list!
Price of saffron
From: Anonymous on Saturday, August 30 2008 @ 12:51 AM PST
Your price for saffron is quite a bit high. Here is Australia I buy 5 grams of saffron for $5, or $1 per gram. There are about 454 grams per pound so you are about double what the retail price in Australia.
Drugs, Exotic Matter, Art? or Humans?
From: Anonymous on Friday, September 05 2008 @ 10:33 AM PST
Really brilliant Windell.

UCN are probably not a fair comparison...lots of things can be made cold. Exotic forms of matter (trans-U, anti-) are good. What about art? The finest Picaso , Monet weigh very little. Or the nutters who buy stamps or baseball cards?

And what about humans...I have a couple sons and wife...priceless to me, but honestly. All humans (to first approximation) have the same weight (except modern day Americans (x 1.5)), therefore their worth is in what they have given back to humanity. Are Einstein's contributions worth something? Probably a great deal, but not as much as Johannes Gutenberg...inventor of printing press...he is probably worth more than any human to have walked the planet.

By the same reasoning, humans can and do actually have negative worth. Any number of criminals can be an enormous economic burden on society? But maybe those criminals that we spend a lot of money on are actually worth alot? Interesting. So it is really the dullest person who has walked the planet who is the most worthless person to have ever lived...never causing trouble, never doing anything right or wrong.

Kevin Henderson
LANL
Neutrinos, Photons?
From: Anonymous on Friday, September 05 2008 @ 02:11 PM PST
If neutrinos have mass (>2.2 eV) they will get at least 10^8 enhancement over normal periodic table stuff. Of course you can't put them in a box anyhow.

Photons do not have mass (EM or standard model say so), so they are in principle 'priceless'.

Just some more thoughts.

Kevin Henderson
LANL
The monetary density of Billy G.
From: Anonymous on Friday, September 12 2008 @ 07:16 AM PST
Wikipedia reports that Bill Gates' net worth is $56 billion and he looks to be about 180 lbs (maybe a bit more), therefor his monetary density is roughly $311 million / lb.
The monetary density of things
From: Anonymous on Monday, November 17 2008 @ 10:51 AM PST
I think the estimate for marijuana prices is a bit off. I posted about this on my blog at socialjewstice.blogspot.com.

Basically, the figures used in this analysis are low for current estimates of marijuana prices dependent on location, quality, and retail-quality value. Mid-range estimates put marijuana easily in the $6400 to $9600 per pound range.