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U.S. Nickel worth more than a nickel again
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<p>[QUOTE="BronzeAge, post: 7509692, member: 119750"]Remember that coin shortage last Summer? Yeah, somebody was anticipating this surge in commodities prices and started hoarding coins. And toilet paper.</p><p><br /></p><p>Earlier today (May 1st) I did a bunch of math using this website:</p><p><a href="https://tradingeconomics.com/commodity/neodymium" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://tradingeconomics.com/commodity/neodymium" rel="nofollow">https://tradingeconomics.com/commodity/neodymium</a></p><p><br /></p><p>A US zinc penny (97.5% of 2.5 g) is now worth about 0.8 cents. </p><p>An pre 1982 US copper penny (95% of 3.11 g) is worth about 4 cents.</p><p>An old Canadian nickel (99.99% nickel, maybe 5 g?) is just shy of ten cents! </p><p><br /></p><p>And now thanks to your post, I'll do the 5 gram US nickel (75% Cu, 25% Ni) reverse engineering... Looks like 5.05 cents in the copper alone, and about 2.5 cents of nickel alone. Total about 7.5 cents. </p><p><br /></p><p>They'll just make the nickel smaller, whaddya bet?</p><p><br /></p><p>(I used the conversion factor of an ounce being.28.35 grams.)[/QUOTE]</p><p><br /></p>
[QUOTE="BronzeAge, post: 7509692, member: 119750"]Remember that coin shortage last Summer? Yeah, somebody was anticipating this surge in commodities prices and started hoarding coins. And toilet paper. Earlier today (May 1st) I did a bunch of math using this website: [URL]https://tradingeconomics.com/commodity/neodymium[/URL] A US zinc penny (97.5% of 2.5 g) is now worth about 0.8 cents. An pre 1982 US copper penny (95% of 3.11 g) is worth about 4 cents. An old Canadian nickel (99.99% nickel, maybe 5 g?) is just shy of ten cents! And now thanks to your post, I'll do the 5 gram US nickel (75% Cu, 25% Ni) reverse engineering... Looks like 5.05 cents in the copper alone, and about 2.5 cents of nickel alone. Total about 7.5 cents. They'll just make the nickel smaller, whaddya bet? (I used the conversion factor of an ounce being.28.35 grams.)[/QUOTE]
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U.S. Nickel worth more than a nickel again
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