alphacyberranger to World News@lemmy.worldEnglish • 2 years agoVladimir Putin’s ruble is now worth less than a penny, infuriating his inner circlefortune.comexternal-linkmessage-square59fedilinkarrow-up1639arrow-down10
arrow-up1639arrow-down1external-linkVladimir Putin’s ruble is now worth less than a penny, infuriating his inner circlefortune.comalphacyberranger to World News@lemmy.worldEnglish • 2 years agomessage-square59fedilink
minus-square@EvergreenGuru@lemmy.worldlinkfedilinkEnglish9•2 years agoThe same can be said about the US penny and nickel. Both cost at least double their value to produce.
minus-squareChainweasellinkfedilinkEnglish5•edit-22 years agoWhile true for the penny at least ($0.03 melt value (for solid copper pennies before 1982)) that’s the lowest value coin we have. What’s a Kopeck worth vs it’s metal value?
minus-squaremonklinkfedilinkEnglish1•2 years agoI remember it used to be 1/13 of its metal value, but I can’t Google it up quickly and the ratio has probably changed since then anyway.
The same can be said about the US penny and nickel. Both cost at least double their value to produce.
While true for the penny at least ($0.03 melt value (for solid copper pennies before 1982)) that’s the lowest value coin we have. What’s a Kopeck worth vs it’s metal value?
I remember it used to be 1/13 of its metal value, but I can’t Google it up quickly and the ratio has probably changed since then anyway.