Reply #34: Currency meltdown: U.S. Nickel worth more than 5 cents in metal value [View All]

[Robbien]

The United States Nickel is composed of 25% nickel and 75% copper and weighs in at 5 grams. With copper soaring to approximately $3.50 a pound, and nickel weighing in at almost $9.00 a pound, the current value of a 1946 to 2006 Nickel is now worth around $0.0535. This is roughly 107% of the face value.

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Other coins are also coming close to, or have overtaken, their face value as well. The 1982 to 2006 one Cent coin, primarily composed of zinc, is now worth around $0.009 or 90% of face value according to recent NYMEX metal prices. For those of you who have saved your pennies, the Pre-1982 Cent is now worth over $0.02, or 200% of face value, due to its high copper content. Fortunately for the Fed, other major United States coins in circulation are safe with metal prices ranging from $0.02 for a dime to $0.05 for a quarter.

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