No small change: Chinese businessman has 1.8 tonnes of dollar coins on his hands
Hard-earned hoard is worth 300,000 yuan, 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.
READ MORE: Chinese petrol station worker buys 680,000-yuan car … with a massive stash of coins
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.
