Penny, Copper, Pound, Ounce, Gram, Worth, Weight, Dollar, Value

True Value of a US Penny...

Pennies minted between 1864-1942 & 1946-1981 are made with 95% Copper.

The Price of Copper in 2012 is plus or minus $3.50 per pound or $0.22 per ounce.

Pennies dated between 1864-1942 & 1946-1981 weigh 3.11 grams.

These Pennies contain 2.9545 grams of Copper.

28.35 grams = 1 ounce.  16 ounces = 1 pound.  1 pound = 453.6 grams.

Therefore...

153 of these Pennies are worth $3.50.

10 of these Pennies are worth 22 new Pennies.

Each Penny is worth 2 cents.