Nutty Nickel

The Friday File: With the price of nickel recently quintupling in value to $100,000/metric ton, a nickel is now worth about 16 cents in metal or “melt” value. Each nickel weighs five grams and contains 1.25 grams of nickel, worth 12.50 cents and 3.75 grams of copper, which at $10,000/metric ton is worth 3.75 cents. Note, as of 4/16/07 the mint has prohibited the melting of pennies and nickels.