Brer Vole (brer_vole) wrote in usdollar,
Brer Vole

Is a nickel worth 6.2 cents?

A US nickel is supposedly 5 grams and composed of 75% Cu, and 25% Ni.

Metal Prices lists Cu at $7.72 per kg and Nickel at $26.55 per kg. Similar prices are reported at Kitcometals

From this I conclude that $40 worth of nickels (800) has a mass of 4Kg and thus contains 3Kg of Cu, and 1Kg of Ni - worth a total of $49.71.

So fiat money has been crashing in value - esp over the last few years - but is it so bad that one can make a profit by purchasing and melting nickels?
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