The weight of a €500 note

NY Times: Miguel Medina/Agence France-Presse — Getty Images

NY Times: Miguel Medina/Agence France-Presse — Getty Images

Either this is a lot harder than it sounds, or some one needs a better copy editor!

In an article in the NY Times of May 5, 2016, “Europe to Remove 500-Euro Bill, the ‘Bin Laden’ Bank Note Criminals Love,” Jack Ewing discusses the recent decision by the European Central Bank to discontinue the 500-euro bank note. Apparently it had been a favorite of money launderers and other nefarious characters.

In the article, he reports:

The €500 note is also more compact and convenient for evading the gaze of authorities. The equivalent of $1 million, in that high euro note, weighs about five pounds and fits in a small bag, according to a Harvard University study this year.

Did it really take a research study, at Harvard no less, to calculate the weight of 2000 pieces of paper (if my long division is right) ?

Of course, if you look at the study summary, you’ll find that it was about the rationale for eliminating high denomination bank notes, not their actual weight.

Which leads me to wonder what happened to The Gray Lady‘s copy editing in this piece?