UNITED STATE Customs and Border Protection seized 332 kilograms - 732 pounds - of cocaine last month from a shipping container at the port of Hampton Roads. While announcing the bust Thursday, a Customs spokesman approximated the "street value" of the distribution at "approximately $100 million." That amounts to about $301,000 per kilogram.
You are watching: How many grams are in an ounce of coke
Three previous news releases the past two years from the exact same company available "street value" approximates in between $66,000 and $70,000 per kilogram. Other current "street value" approximates - gave by law enforcement agencies in Washington, D.C., and also North Carolina - topped out at about $100,000 a kilogram, according to publiburned reports.
By those numbers, the port seizure was worth $21.9 million to $33.2 million on the street - less than one third of the port seizure estimate.
Customs and also Border Protection Area Port Director Mark J. Laria protected the $100 million price tag, arguing that is how a lot the haul would certainly have actually offered for in tiny amounts to end users after it was diluted with other substances and also repackaged. He didn"t understand the origins of the approximates had in the other releases, which were put out by a various office.
Laria estimated the wholesale worth of the port cocaine at $12 million, which is around $36,144 a kilogram. By his numbers, dealers would certainly have to dilute the seized product till it was about 12 percent cocaine in order to offer it for $100 million. In various other words, they would certainly need to revolve that 332 kilograms of cocaine into 2,766 kilograms.
Special Agent Joseph Moses, a Drug Enforcement Administration spokesman, said it is tough to determine an exact street worth for big hauls of cocaine since it is so prevalent for dealers to dilute their product prior to selling it. He declined to say just how many kind of times cocaine can be so "stepped on" before it is marketed.
See more: Que Documentos Necesito Para Casarme En Estados Unidos, Marriage Licenses (Español)
"Different organizations have actually different standards," he sassist of drug dealers. "But they have to strike a balance. If they do it as well many times, their customers will walk away."
According to the DEA, cocaine sells in Richmond for around $1,300 an ounce. The average user buys cocaine by the gram, and also tright here are about 28 grams in an ounce.
Virginia Beach plastic surgeon charged via stealing medication from a woman — together with 3 felony drug offenses
News institutions obstacle activity to block media from hearing for male charged via killing Newport News police officer
Virginia Beach plastic surgeon charged with stealing medicine from a womale — in addition to 3 felony drug offenses