I went to the hardware store today for nuts and bolts and washers. It turns out
the washers are fourteen cents each plus tax but they didn't have the size I needed.
So, I went to the bank and procured two rolls of dimes, (ten cents each, no tax).
I proceeded to drill a hole in each of them to create the size of washer I needed.
I carefully collected the material reamed out by the drill, mostly zinc but a small
silver content. This material can be resold to reduce the cost of the washer to
about seven cents.
I have since reflected that the same economics could be applied to the Canadian
nickel, reducing the cost to about two cents. There are great opportunities here
for a cottage industry producing fifteen cent washers for three cents or less.
Save your nickels and dimes. You never know when you will need a washer.