Quote Originally Posted by 20X11 View Post
But a nickel is only 25% Nickel the other 75% is Copper...so add that to your melt value math equation.
Actual weight of all nickels would be 220,462,442.01837 lbs.
75% of that is 165,346,831.51377 lbs.
165,346,831.51377 X Copper spot price of $3.7962 per pound
Total of $627,689,641.79257 in copper value
Total of $439,502,901.2857 in actual nickel value (spot up to $7.9742 today)
So $1Billion in nickels would have a scrap value of $1,067,192,543.0782 at spot prices.