My 2.2 cents (GST Inc.)

It is a real prick when your opinions are taxed. Australia least powerful political blog. (Plus any other crap I want to talk about.)

Thursday, August 24, 2006

Copper Price

The price of Copper is above $A10000/tonne. This makes copper coins like our old 2 cent piece worth quite a bit. The 2 cent coin weighs about 5.18 grams and is 97% copper. This makes the coin in metal value worth around 5 cents. The "Silver" Coins are 75% copper but they are not heavy enough to start melting down just yet (the 20 cent coin is only worth about 8 cents in metal).

UPDATE: (5/9) Of course I forgot the other 25% of the Silver coins is Nickel that is worth four times as much as copper. These coins are indeed worth slightly more in terms of metal than their face value. More later.


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