The Copper Standard
$1.20 worth of Australian 10c coins consists of 75% copper 25% nickel
Which means
12 x 10c AUD Coins = approx 2 Troy oz = (Cu = approx AUD) $6.31 x (2ounces x 0.75) + (Ni = approx AUD) $1.83 x (2oz x 0.25) = ($9.46 AUD + 0.92 AUD per 2 Troy oz) / 2 oz = 10.3763/2= $5.18 AUD
so if my math is correct, (and it is hard to get info on these metals in AUS, so figures are approximate) that means $1.2 AUD of 10c pieces is worth $5.18 AUD in metal
…Go figure
Shrapnel is now KING! Now I understand penny pinchers.
Ha ha haaa!
Which means
12 x 10c AUD Coins = approx 2 Troy oz = (Cu = approx AUD) $6.31 x (2ounces x 0.75) + (Ni = approx AUD) $1.83 x (2oz x 0.25) = ($9.46 AUD + 0.92 AUD per 2 Troy oz) / 2 oz = 10.3763/2= $5.18 AUD
so if my math is correct, (and it is hard to get info on these metals in AUS, so figures are approximate) that means $1.2 AUD of 10c pieces is worth $5.18 AUD in metal
…Go figure
Shrapnel is now KING! Now I understand penny pinchers.
Ha ha haaa!
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