How Much Are 100 Pennies Worth if You Could Melt and Sell Them as Scrap Copper?
Pennies, the ubiquitous copper coins found in pocket change, may seem like insignificant tokens, but their worth can multiply if melted and sold as scrap copper. With the current price of copper hovering around $4.50 per pound, 100 pennies could potentially yield a surprising profit.
Each penny weighs approximately 2.5 grams, with 95% copper content. This means that 100 pennies contain roughly 238 grams of copper. Converting this weight to pounds, we get 0.52 pounds.
Multiplying the weight of copper by the current scrap copper price gives us the potential value:
0.52 lb * $4.50/lb = $2.34
Therefore, if you could melt and sell 100 pennies as scrap copper, you could potentially earn approximately $2.34. While this may not seem like a significant amount, it highlights the hidden value that can be found in everyday objects.
Related Questions
- How many pennies make a pound of copper? Approximately 468 pennies.
- What is the current value of one ounce of scrap copper? Around $0.10.
- Can I sell melted pennies to a scrap metal dealer? Yes, but it is important to check with local regulations.
- Is it legal to melt pennies? Yes, as long as it is not done with the intent to defraud.
- What is the purity of copper in pennies? 95%.
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