Re:Statement by FTC Regarding Reported Concerns about Facebo...
by mehrdadn on Monday March 26, 2018 @03:44PM
(#16681827)
> A nickel is 75% copper and 25% nickel.
Interesting, I thought nickle was the coin and nickel was the metal, but it seems that isn't the case and/or changed. (?)
Re:Statement by FTC Regarding Reported Concerns about Facebo...
by dredmorbius on Monday March 26, 2018 @08:31PM
(#16684084)
Coinage has a marked propensity to debase.
"For in every country of the world, I believe, the avarice and injustice of princes and sovereign states, abusing the confidence of their subjects, have by degrees diminished the real quantity of metal, which had been originally contained in their coins."
-- Adam Smith, Wealth of Nations
https://en.wikipedia.org/wiki/Denarius#Debasement_and_evolut...
https://en.wikipedia.org/wiki/Denarius#/media/File%3AFinenes...
A nickel is 75% copper and 25% nickel.
There are 2000lbs in a ton. That's 1500lbs of copper and 500lbs of nickel.
Scrap pricing is $2.50/lb for copper, $3750. Scrap pricing is $4.83/lb for nickel, $2415.
Total = $6165