https://svyib3gafzjek.ok.kimi.link
Tag any other Australians here, I got kimi to make us a updating price checker for metals vs face value of coins.
Coin Weight Metal Content Current Melt Value Profit Margin
5c 2.83g 75% Cu, 25% Ni 0.056 +12.05% ✅
10c 5.65g 75% Cu, 25% Ni 0.112 +11.86% ✅
20c 11.30g 75% Cu, 25% Ni 0.224 +11.86% ✅
50c 15.55g 75% Cu, 25% Ni 0.308 -38.43% ❌
1 9.00g 92% Cu, 6% Al, 2% Ni 0.157 -84.30% ❌
2 6.60g 92% Cu, 6% Al, 2% Ni 0.115 -94.24% ❌
@charliebrownau @atomic no it's illegal to melt down currency since 1965 ((guess who)) and you use them as single barter chips for the value of their metal
So for example if copper goes to 30$/kg your coins are now worth alot more then the face value (hint: they already are worth more than the face value 12% ATM)
I often considered investing in copper as its getting expensive
and of course its deemed (((illegal))) to mint down coins
You can be sure it was ((( Them ))) that came up with that idea
@charliebrownau @atomic it's not just a cheap way to invest in copper right now. The coin is worth more than the face value. 12. Whatever percent right now. So if you go in and trade in your dollar of digital currency or whatever like your note currency and trade it in for $0.05 pieces. You are making 12% as soon as you make that trade
Giving them to a copper trader ?
@charliebrownau @atomic no, so the metal itself is worth a value right? You are valuing the coins on their metal content to use as barter for example, you have 2kg of copper you can trade that for X and the person will accept it because even tho the face value of the coins are 5$ or whatever the metal in the coins are way more than 5$
@VooDooMedic @charliebrownau Buying rolls of coins and stashing them away safely as a part of your post collapse preparation is worth doing. I am actually looking into what's involved and I think it maybe difficult to get rolls of coins from the banks if you don't have a business account.
I was considering getting a shipping container
and getting a farmer I know to let me place the shipping
container and store a few things when it goes bad
but for SHTF ill definally need a gas/fire based distiller
@VooDooMedic @charliebrownau What I have just recently started doing was going back to paper for most purchases and putting the coins I am receiving in change into a large plastic jar. That's the 5c, 10c, 20c, 50c and 1 dollar coins. Not the 2 dollar unless the are some sort of commemorative coin. The 2 dollar as you are aware is actually smaller and has less metal than the 1 dollar, so is more akin to paper.
@VooDooMedic @charliebrownau Another source of copper is building site skip bins. Every time a neighbour decides to renovate their old bathroom or kitchen it's not uncommon to find copper piping in the skip bin.
@charliebrownau @VooDooMedic Yes I picked up some nice lengths of quad the other day for trimming out some renovation work I was doing. Lots of free paving bricks to be found in skip bins as well.
@VooDooMedic @charliebrownau If the skip bin is on the street then you can help yourself, if it's on their property (say in the driveway), just knock on the door and ask if the material in the bin is rubbish and if so can you take a few pieces. (don't specify the copper, though they'll probably know what you want). Cut the pipe into manageable lengths and flatten with a hammer for easier storage.
@VooDooMedic @charliebrownau Australian coins do have a percentage of copper, but it's not just about the melt value, based on what we saw in other collapsing economies, the coins tend to retain value and can be used to make purchases of goods and services.