Soundings Trade Only reports that the price of nickel has nearly doubled in
the last year, from $7 to $15 a pound. This will raise the price of stainless
steel by about 20%. Stainless steel is used in just about everything that goes
on a boat from propeller shafts and propellers to steering wheels and
fastenings. As if the increase in oil prices weren't enough, boating may well be
pricing itself out of the reach of normal people.
Since a pound weighs 454 grams and a nickel coin weighs about 5 grams, and
there are 90 or so nickels in a pound, each nickel coin should have about 16
cents worth of nickel metal in it at todays prices. Save your nickels. Like gold
coins, silver coins and real copper pennies, they are worth more as metal than
as currency.
Larry Z
Soundings Trade Only reports that the price of nickel has nearly doubled in
the last year, from $7 to $15 a pound. This will raise the price of stainless
steel by about 20%. Stainless steel is used in just about everything that goes
on a boat from propeller shafts and propellers to steering wheels and
fastenings. As if the increase in oil prices weren't enough, boating may well be
pricing itself out of the reach of normal people.
Since a pound weighs 454 grams and a nickel coin weighs about 5 grams, and
there are 90 or so nickels in a pound, each nickel coin should have about 16
cents worth of nickel metal in it at todays prices. Save your nickels. Like gold
coins, silver coins and real copper pennies, they are worth more as metal than
as currency.
Larry Z
