Say What….How Much Did You Say That Nickel Was Worth?

Posted By on January 26, 2011

Yep, a nickel is worth 6.8 cents in metal value or 36% more then the $.05 it represents in spendable value!

Yes, it’s true; the value of a nickel is soaring, even as the value of a dollar is slumping. That’s because every nickel that rolls out of the U.S. Mint contains about 3.75 grams of copper and about 1.25 grams of nickel. Current metallic value: 6.8 cents per nickel.

We present this illustration merely to underscore the obvious: A small piece of imprinted paper contains less real-world value than a small piece of copper and nickel.

Furthermore, as pointed out in an edition of The Rude Awakening, “a U.S. dollar is a poor conductor of electricity and combusts near an open flame. It contains no measurable quantity of any element on the Periodic Table, nor any resource whatsoever that could contribute to any industrial application. Rather, a dollar contains little more than a politician’s IOU.”

www.thedailyreckoning.com

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