I was wrong about nickel

2 years ago
85

Nickels contain 25% nickel, and the remainder is copper. This puts nickels in the awkward situation of being worth more than what you can actually buy with them. This creates the incentive to hoard the coins until the money is worthless, then use the metal to sell. Keep in mind, doing this to official US currency is illegal.

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#Nickel #Coins #GreshamsLaw

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