If the price of the copper in a penny and silver in a nickel is more than the coin itself, then whats the?

Question

Exact price paid for a pound of silver, and how many nickels does it take?

Same for copper.....?

Im kind of looking for "..a pound of nickels is $0.00 and it takes ? nickels to equal a pound.

aint that a *****, nevermind.

Answer 1

nickels are not silver. try a half-dollar before 1970 and more than one pound. copper is about 5.00 a pound how many pennies do you have?

Answer 2

OK, here's the scoop with coins today:

-- Pennies are copper-plated zinc. 97.5% zinc.
-- Nickels are 75% copper and 25% nickel.
-- The US quit using silver in coinage after 1964 except in Kennedy half-dollars. They dropped silver in those in 1971.

Owing to recent increases in the price of copper, nickel, and zinc, right now the metal in a penny is worth MORE than 1 cent and the metal in a nickel is worth MORE than 5 cents. That's not the way it was intended and everyone assumes otherwise, but that's the situation now. Oh yeah, it is ILLEGAL to melt down the coins to take advantage of their higher commodity value.

Answer 3

It replaced into once that all different funds were minted in actual silver of their denominations, yet a penny replaced into too low a cost to be decrease into silver and nonetheless be usable as a coin (would were too small), so as that they used copper. The U.S. replaced into once on a metallic favourite for his or her coinage. At one time, the penny replaced into over two times its cutting-edge length because that's how a lot copper fee a penny.

Answer 4

Nickels aren't made of nickel anymore, and pennies only have a little bit of copper in them, so you're going to have to rethink your equation.

Answer 5

The price of the metal used to make the coin is worth less then the face value of the coin.

Answer 6

okay, except: pennies are not solid copper, and nickels aren't silver.