alphacyberranger@lemmy.world to World News@lemmy.worldEnglish · 11 months agoVladimir Putin’s ruble is now worth less than a penny, infuriating his inner circlefortune.comexternal-linkmessage-square49fedilinkarrow-up1592arrow-down114cross-posted to: news@lemmy.world
arrow-up1578arrow-down1external-linkVladimir Putin’s ruble is now worth less than a penny, infuriating his inner circlefortune.comalphacyberranger@lemmy.world to World News@lemmy.worldEnglish · 11 months agomessage-square49fedilinkcross-posted to: news@lemmy.world
minus-squareChainweasel@lemmy.worldlinkfedilinkEnglisharrow-up33·11 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-squaremonk@lemmy.unboiled.infolinkfedilinkEnglisharrow-up26·11 months agoDouble-checked, and you’re right.
minus-squareEvergreenGuru@lemmy.worldlinkfedilinkEnglisharrow-up7·11 months agoThe same can be said about the US penny and nickel. Both cost at least double their value to produce.
minus-squareChainweasel@lemmy.worldlinkfedilinkEnglisharrow-up4·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-squaremonk@lemmy.unboiled.infolinkfedilinkEnglisharrow-up1·11 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.