Friday, February 18, 2011

Invest in Malaysian coins

Yes. I'm asking you all to invest in Malaysian coins. Coins are more valuable than paper money. Why? Due to the surge in metal prices, the value of the metal in the coin is now worth more than the face value.

1 pound = 0.45359237kg = 453.59237g
From LME
price for 1 pound of copper = USD4.44
price for 1 pound of nickel = USD12.83

Weight for Malaysia 10 cent coins = 2.828g
it contains 75% Cu and 25% Ni or 2.121g Cu and 0.707g Ni

The value of Cu in the coin
= (2.121 / 453.59237) x 4.44
= USD0.02076
= MYR0.06313

The value of Ni in the coin
= (0.707 / 453.59237) x 12.83
= USD0.02000
= MYR0.06082

Total value of the 10 cent coin = MYR0.1239!

This is a profit of 23.9%!

What are you waiting for? I'm not going to use my coins anymore. They are all going into my Milo tin :p

1. USD1 = MYR3.0410
2. Malaysia coins specs

1 comment:

zool-car-9 said...

where to sale the coins?