Forum
»
40 pennies = 1 dollar
- Results 1 to 2 of 2
-
Page 1 of 1
Thread: 40 pennies = 1 dollar
02-20-2021, 09:21 AM
-
#1
40 pennies = 1 dollar
if you were to melt the copper from pre 1982 pennies and sell it for spot right now
at $4.04 per pound each penny has a melt value of $0.026 equals about 38 and a half pennies for $1
a little less than 20% of pennies in circulation are from pre 1982
so with the value of 20 pennies out of every 100 pennies being equal to 20 * $0.026 melt value = $0.52 + the 80 other pennies left over you didnt melt and sell == $0.52 + $0.80 = $1.32
so if you start with a dollar of pennies you end with $1.32 but its illegal
at $4.04 per pound each penny has a melt value of $0.026 equals about 38 and a half pennies for $1
a little less than 20% of pennies in circulation are from pre 1982
so with the value of 20 pennies out of every 100 pennies being equal to 20 * $0.026 melt value = $0.52 + the 80 other pennies left over you didnt melt and sell == $0.52 + $0.80 = $1.32
so if you start with a dollar of pennies you end with $1.32 but its illegal
Bookmarks
-
- Digg
-
- del.icio.us
-
- StumbleUpon
-
-
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts