Bronze pickaxe - 181 coins
Iron pickaxe - 108 coins
Steel pickaxe - 948 coins
Mithril pickaxe - 478 coins
Adamant pickaxe - 1468 coins
Rune pickaxe - 18761 coins
Dragon (m) - 16.3 Million Coins
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The efficiency of a pickaxe in minecraft is the speed at which the pickaxe can mine materials.
No you can't you can only mine the obsidian with a diamond pickaxe.
No, you need at least a Stone pickaxe, to mine the Iron Ore.
The only way to receive obsidian when mining is using a diamond pickaxe.
It takes exactly 1562 uses to use up a Diamond Pickaxe.