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To: Bob Ireland

Trips! (555) (Your post number)

I read you 5 by 5, Bob.

A nickel was worth over 10 cents in 2012.

75% copper and 25% nickel!

Commodity prices for the necessary copper and nickel to make our nickel rose from 3.46 cents in fiscal year 2003 to 10.09 cents in fiscal year 2012.

However the melt value of one US nickel, checking here, now, is down to $0.040833 .

http://coinapps.com/nickel/us/calculator/

That’s pretty close to 5 cents, and if we don’t get real money soon, the push will likely be on to make them out of a cheaper mix of material if it goes back up. (As it was before, and as was actually done to our other coins.)

In any case, our coinage has more “value” today as “money”, than our paper currency. (IMHO)

Lasts longer, too!


557 posted on 03/02/2019 3:32:14 AM PST by EasySt ( Praise the Lord and pass the meme-unition! WWG1WGA!)
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To: EasySt; Bob Ireland
Trips! (555) (Your post number) I read you 5 by 5, Bob. (snip)

Thanks!

(I need to go back to reading to the end of the thread before responding. :)
660 posted on 03/02/2019 8:59:46 AM PST by HoneysuckleTN (WWG1WGA! Q / Q+ || President Trump 2020 KAG! :) MAGA!)
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To: EasySt; HoneysuckleTN
***In any case, our coinage has more “value” today as “money”, than our paper currency. (IMHO)***

... in an attempt to avoid losing large quantities of circulating nickels to melting, the United States Mint introduced new interim rules on December 14, 2006, that criminalized the melting and export of pennies (which as of 2013 cost 1.83 cents to produce) and nickels - https://en.wikipedia.org/wiki/Nickel_(United_States_coin)

The mint might outlast us but a nickel will still be worth a nickel if you hoard it, so all you lose is possible interest. It is only a matter of time, and with the paper dollar facing challenges internationally {supported only by being the world's reserve currency} and our debt growing exponentially, I think sooner rather than later.

738 posted on 03/02/2019 11:51:32 AM PST by Bob Ireland (The Democrat Party is a criminal enterprise)
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