alphacyberranger to World NewsEnglish • 11 months agoVladimir Putin’s ruble is now worth less than a penny, infuriating his inner circlefortune.comexternal-linkmessage-square62arrow-up1657arrow-down115cross-posted to: news
arrow-up1642arrow-down1external-linkVladimir Putin’s ruble is now worth less than a penny, infuriating his inner circlefortune.comalphacyberranger to World NewsEnglish • 11 months agomessage-square62cross-posted to: news
minus-squareChainweasellinkEnglish36•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@EvergreenGurulinkEnglish9•11 months agoThe same can be said about the US penny and nickel. Both cost at least double their value to produce.
minus-squareChainweasellinkEnglish4•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-squaremonklinkfedilinkEnglish1•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.