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-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.
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.