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topeka
Penny Pincher Member
159 Posts |
 Posted - 04/12/2008 : 20:43:00
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Is there any other coin in current production (any country) that is worth its weight?
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Silver..poor mans gold
Copper..peasant silver |
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GoldMetal
New Member
Canada
17 Posts |
Posted - 04/13/2008 : 07:40:57
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| I know in Canada all new pennies, nickels, dimes, and quarters are all made of steel. Can't speak for any other country though. |
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dpwozney
New Member
Canada
18 Posts |
Posted - 04/13/2008 : 09:55:34
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The intrinsic metal value of the circulating Australian 5 cent coin comes close but is is slightly under face value at AUS$0.0415 (if I did my calculations correctly).
My calculations used numbers from
http://en.wikipedia.org/wiki/Coins_of_the_Australian_dollar
http://www.coinflation.com/coins/1946-2007-Jefferson-Nickel-Value.html
http://au.finance.yahoo.com/q?s=AUDUSD=X
US$3.9820 = copper price / pound on Apr 11, 2008.
.75 = copper %
US$12.7822 = nickel price / pound on Apr 11, 2008.
.25 = nickel %
2.83 = total mass in grams
.00220462262 = pound/gram conversion factor
1. Calculate 75% copper value :
(3.9820 × .00220462262 × 2.83 × .75) = US$0.0186
2. Calculate 25% nickel value :
(12.7822 × .00220462262 × 2.83 × .25) = US$0.0199
3. Add the two together :
$0.0186 + $0.0199 = US$0.0385 = AUS$0.0415
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"The silver is mine, and the gold is mine, saith the LORD of hosts." (Haggai 2:8) |
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HoardCopperByTheTon
Administrator
USA
3603 Posts |
Posted - 04/14/2008 : 15:40:53
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| All those Gold and Silver Eagles are worth their weight.. LOL |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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fiatboy
Administrator
912 Posts |
Posted - 04/14/2008 : 21:45:08
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Switzerland still has some circulating coins worth their weight. They're rare, but they do pop up from time to time.
The 1/2, 1, 2, and 5 franc coins were silver until 1967. I don't think these circulate much anymore. If you can find the old rappen coins, those are most likely worth their weight.
There are a few pure nickel coins that still circulate. I got some when I was in Zurich a few years back. Might be the 20 franc coins, if I remember correctly. And amazingly, I did get a 1 rappen coin back at the Forex kiosk.
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"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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wolvesdad
Penny Collector Member
398 Posts |
Posted - 04/14/2008 : 22:30:22
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Yes, but these that are worth their weight are NOT CURRENTLY BEING minted in their respective country.
The question is, IS THE US Nickel the only one that is currently being minted for circulation that has more metal content than face value? |
"May your percentages ever increase!" |
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Cerulean
Penny Hoarding Member
USA
652 Posts |
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fiatboy
Administrator
912 Posts |
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CopperBar
Penny Sorter Member
USA
83 Posts |
Posted - 04/15/2008 : 19:56:56
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| Mexico was supposed to be releasing a silver coin for general circulation. It would never work as people would buy them with papper currency and take them out of circulation. Maybe that is what they want. If the silver is only 50% of its face it would be a way to sell silver at double its value. |
"The key to building wealth is to not lose money." - Warren Buffet |
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NiBullionCu
Penny Sorter Member
USA
92 Posts |
Posted - 04/16/2008 : 13:51:13
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The British 1p and 2p from 1971 to 1992 are 97% copper.
That puts them at metal value of 1.5p and 3.0p resepectively.
(based on $4/Lb Cu.) |
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Cerulean
Penny Hoarding Member
USA
652 Posts |
Posted - 04/17/2008 : 10:29:05
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quote:
Originally posted by NiBullionCu
The British 1p and 2p from 1971 to 1992 are 97% copper.
That puts them at metal value of 1.5p and 3.0p resepectively.
(based on $4/Lb Cu.)
That's true, but the point of the original poster was to find out what coins are currently being produced whose metal value exceeds face value. |
RUNNING TOTAL
---------------------------------------
16857 zincs (1982-2008) 75.4%
5346 coppers (1959-1982) 23.9%
110 wheats (1920-1958)
50 Canadian (1959-2007)
1 dime (2004)
1 foreign (2005)
Sorting Map: http://www.frappr.com/?a=constellation_map&mapid=68719599394
2008 First Finds: http://realcent.forumco.com/topic~TOPIC_ID~1716.asp
Wanna take money away from the Fed? Spend dollar coins!
Listening is the linchpin of democracy. |
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Cerulean
Penny Hoarding Member
USA
652 Posts |
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HoardCopperByTheTon
Administrator
USA
3603 Posts |
Posted - 04/17/2008 : 11:48:38
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quote:
Originally posted by NiBullionCu
The British 1p and 2p from 1971 to 1992 are 97% copper.
That puts them at metal value of 1.5p and 3.0p resepectively.
(based on $4/Lb Cu.)
I have a bunch of those in my copper hoard. I should count them up.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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Art Tatum
Penny Collector Member
USA
395 Posts |
Posted - 04/24/2008 : 11:18:41
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| do you have rolls of bubble wrap to mail off barry manilow poker chips from vegas? |
my machine is running! |
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HoardCopperByTheTon
Administrator
USA
3603 Posts |
Posted - 04/24/2008 : 13:20:25
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| I have the bubble wrap, but I sold out of the Barry Manilow $5 casino chips.. Oh, Mandy! |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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Topic |
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Does the U.S. nickel reign?
