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No. The place values are Hundreds--Tens--Units. So the 5 is in the Hundreds column and so it worth: five hundred.
The 7 is in the hundreds place, so it is worth 700.
The 5 is in the hundreds place so it is worth 500.
If there is roughly 165 U.S. pennies in a pound of mixed (old and new) pennies, times 53 pounds, the total would be about $87.45.
53 x 53 = 2809