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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (41725)	6/3/2007 12:45:23 PM
From: roto	Respond to of 78425

5c worth, a nickel, of info...metal value> $0.0913195 +182.63% coinflation.com coinflation.com *** Metal Composition: 75% copper, 25% nickel Total Weight: 5.00 grams CALCULATING TODAY'S MELT VALUE (USD) Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value: $3.3407 = copper price / pound on Jun 01, 2007. .75 = copper % $23.1158 = nickel price / pound on Jun 01, 2007. .25 = nickel % 5.00 = total weight in grams .00220462262 = pound/gram conversion factor (see note directly below) The NYMEX uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams. 1. Calculate 75% copper value : (3.3407 × .00220462262 × 5.00 × .75) = $0.0276183 2. Calculate 25% nickel value : (23.1158 × .00220462262 × 5.00 × .25) = $0.0637012 3. Add the two together : $0.0276183 + $0.0637012 = $0.0913195 $0.0913195 is the melt value for the 1946-2007 nickel on June 01, 2007. *** this 'nickels' worth on information should grab Koan's attention. (the older pennies >1982 are doing better...$0.0223387, 223.38%)