Ive always been a fan of coinage over bills for their store of wealth in Instrinsic value, so figured id crunch some numbers
Copper @ US6630t/1000=6.63kg/1000=.0063gm x 1.15 = AUD.0072 per gram
Nickel @ US26,495t/1000=26.50kg/1000=.0265 x 1.15 = AUD .030 per gram
Althou 1c and 2c are out of circulation ill start with the .....
1c weight 2.59gm (97pc copper/2.5pc inc/.5pc nickel) Ill jut do it assuming all copper for ease .....
2.59 x .0072 = .018 (1.8c each)
2c weight 5.18gm
5.18 x .0072 = .037 (3.7c each)
No wonder we needed to get rid of 1c and 2c eh ? 80pc jump in value if you saved all your old coppers!
5c weight 2.83gm (75pc copper 25pc nickel)
2.83x.75 = 2.12 gram of copper @ .0072 = .015c
2.83x.25 = .7 gram of nickel @ .7 = .018
.018+.015 = 3.3 cents per 5c piece ....
10c and 20c double in weght/legal tender/Instrinsic value
So a 50pc Jump in prices over time will make 5 10 and 20c pieces manufactor a loss to the Gov !
Whats a 100 bill cost to print ? probably less than a cent ?
The old 20c or Florin was made with 90pc silver prior to 1946 and they are worth $5 in scrap !
Boring to most im sure, but I love "real" money