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I'm What You Call An Expert (B.S., M.S. Geology) ...
Quote:
The Sudbury Meteor remains were probably dated using the Uranium-Lead, the Rubidium-Potassium, or the Potassium-Argon radioactive dating methods. The meteorite that created the crater was an iron-nickel meteorite, which is why this area is one of the world's largest suppliers of nickel, and the reason why older Canadian nickels, pre-1958, are attracted to a magnet. Nickel was cheaper in Canada than in other parts of the world. These nickels have a higher percentage of nickel, one of three elements attracted to a magnet, the others being iron, and cobalt, than the nickels of the United States. As the cost of the metal nickel increased to a price such that a nickel was worth more than five cents, even Canada decreased the amount of nickel in their five cent coins, and modern Canadian nickels are no longer attracted to a magnet.
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