misteroman wrote:is it really worth it for them to go through all that work for the dimes metal?
dpwozney wrote:When the RCM melts a dime made of pure nickel, they no longer have the “10 cents”.
RCM's profit per dime is the melt value per dime minus the cost of making a steel dime minus the cost of sorting per dime.
RCM's profit per dime = (the melt value per dime) - (the cost of making a steel dime) - (the cost of sorting per dime).
If the cost of making a steel dime is one cent and the cost of sorting per dime is one cent, then RCM's profit per dime = 5.75 cents - 1 cent - 1 cent = 3.75 cents.
JadeDragon wrote:dpwozney wrote:When the RCM melts a dime made of pure nickel, they no longer have the “10 cents”.
RCM's profit per dime is the melt value per dime minus the cost of making a steel dime minus the cost of sorting per dime.
RCM's profit per dime = (the melt value per dime) - (the cost of making a steel dime) - (the cost of sorting per dime).
If the cost of making a steel dime is one cent and the cost of sorting per dime is one cent, then RCM's profit per dime = 5.75 cents - 1 cent - 1 cent = 3.75 cents.
I think you missed the 10 cents they sold the new dime for. The mint gets to keep the value of the new dime, plus the metal in the old one, minus the cost of the new dime and the cost of sorting it out.
68Camaro wrote:How is the melt value 5.75 cents? I would think it would be best grade feedstock requiring only minor refining, and would get nearly spot price, which coininflation shows as 12.75 cents (though that's USD), give or take.
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