Would you rather have one million dollars or one million cast iron pans?

a year ago by SnokenKeekaGuard to c/wouldyourather

zero_spelled_with_an_ecks 19 points a year ago

Dollars. Getting rid of the pans sounds like a nightmare as does all the people telling you you're seasoning them wrong/modern ones can be washed because our soap doesn't have lye in it/etc.

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CobblerScholar 7 points a year ago

It's a lump of iron that you have to try to fuck up to make it irreparable. Whoever formed the church of perfect cast iron maintenance needs to take a chill pill

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FancyPantsFIRE 14 points a year ago

Fun thought experiment that I’m going to over analyze.

Near me iron seems to go for ~$180/ton at scrap yards. If we call the average pan weight 8lbs, that’s about 4k tons so scrap value on the lot is ~$720k. The question would be how likely you could sell these not as scrap and net beat the $280k spread. The scrap value per pan would be ~$0.72, so if you can sell each pan for more than a dollar you’d theoretically come out ahead, but to make it worth while you’d probably want to target $10 or more because processing, storing, and moving that many pans isn’t going to be free. Budget new pans go for $20-30, used can be lower or higher than that depending on quality and condition.

tl;dr: Depends on the condition and quality of the pans and it sounds like a lot of work but I’d say the optionality is skewed towards taking the pans if you were willing and able to put the time in to make it a business/job for yourself.

Personally I don’t have the time and I’m doing well financially, I’d take the money.

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CanadaPlus 3 points a year ago

Thank you, saved me the work. Although what I did read makes it sound like the scrap yard near you gives a good rate.

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Rivalarrival 2 points a year ago

The IRS is going to take a big-ass chunk of your $1 million.

They're not going to get nearly as much from the pans.

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Triumph 10 points a year ago

Pans, easy. Start my own pan store.

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slazer2au 6 points a year ago

Going to call it Panorama right?
Or pan-o-rama

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Triumph 8 points a year ago

You're hired.

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HubertManne 6 points a year ago

Even if the dollars are singles they would take up much less room and even better if it can be a higher denomination or just money in the bank. I have absolutely no where to store a million cast iron pans so they would cost money before they made any. I feel this is a too easy on honestly. I mean without some additional things like free storage and a business and such the pans make no sense.

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Hux 3 points a year ago

Perhaps it’s my own lack of imagination, ability to organize, or personal challenges in seeing through a sustained effort; but, I just can’t imagine what I would do with that many dollars…

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RisingSwell 3 points a year ago

A house and a car? There goes most of it

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quediuspayu 3 points a year ago

Give the money, my house is cluttered enough.

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thagoat 2 points a year ago

If I can sell the cast iron, I'd do that. That's like 50 millions bucks.

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testfactor 8 points a year ago

Yeah, but it'll take forever to see that money.

Even if you could sell/ship 100 pans a day (which feels high to me), it'd take you over 27 years to get rid of them all.

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Mpatch 3 points a year ago

Ur joking? Like 5 phone calls to random retailers. Sell at 3$ per piece. See how fast an 18-wheeler shows up to your front door.

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SnokenKeekaGuard 6 points a year ago

Pretty tough selling a million of those. Gonna have to start an entire business

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