alphacyberranger to World News@lemmy.worldEnglish • 11 months agoVladimir Putin’s ruble is now worth less than a penny, infuriating his inner circlefortune.comexternal-linkmessage-square58fedilinkarrow-up1625arrow-down115cross-posted to: news@lemmy.world
arrow-up1610arrow-down1external-linkVladimir Putin’s ruble is now worth less than a penny, infuriating his inner circlefortune.comalphacyberranger to World News@lemmy.worldEnglish • 11 months agomessage-square58fedilinkcross-posted to: news@lemmy.world
minus-squareChainweasellinkfedilinkEnglish33•11 months ago If you use 1 rubel coins, sure I’m pretty sure the metal value of a 1 ruble coin is worth a substantially more in it’s weight in metal than 1 ruble
minus-square@EvergreenGuru@lemmy.worldlinkfedilinkEnglish8•11 months agoThe same can be said about the US penny and nickel. Both cost at least double their value to produce.
minus-squareChainweasellinkfedilinkEnglish4•edit-211 months 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-squaremonkAlinkEnglish1•11 months 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.
I’m pretty sure the metal value of a 1 ruble coin is worth a substantially more in it’s weight in metal than 1 ruble
Double-checked, and you’re right.
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.