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To calculate the total value of 60 lbs of pennies, nickels, dimes, and quarters, we need to consider the weight and value of each coin. On average, a penny weighs 0.088 oz, a nickel weighs 0.176 oz, a dime weighs 0.080 oz, and a quarter weighs 0.200 oz. By converting the weight of 60 lbs to ounces and then dividing by the weight of each coin, we can determine the total number of coins. Multiplying the number of each coin by its respective value (1 cent for a penny, 5 cents for a nickel, 10 cents for a dime, and 25 cents for a quarter) and summing them up will give us the total worth of 60 lbs of mixed coins.
A followup to the Expert Answer:
- The value of any bulk collection of coins also depends on whether any of them are worth more to a collector. That's why it's never a good idea to simply take them to a bank - or worse yet, dump them into a supermarket coin-counter that will in addition extract a 9 or 10 percent service fee.
- The weight ratio of dimes and quarters is intentional, and the same applies to half-dollars and old large-size $1 coins as well. The ratios date from the time when each coin contained (approximately) its face value in silver. The metal value of a specific weight of coins had to be th same not matter what denominations were used; otherwise people would trade the lighter coins for heavier ones and make a profit on the difference.
When coins were changed to cupronickel-clad composition in the 1960s their size ratios were kept the same so they'd work compatibly in vending machines, thus their weight ratios stayed the same as well.
The exact answer depends on the mix of coins, but a range can be calculated. The US Mint's website gives the mass (weight) specifications of each coin (in grams).
Penny: 2.500 grams, Nickel: 5.000 grams, Dime: 2.268 grams, and Quarter: 5.670 grams. Thus the number of each type of coins can be calculated in 1 pound of coins:
- 181.44 pennies per pound = $1.8144
- 90.72 nickels per pound = $4.536
- 200 dimes per pound = $20.00
- 80 quarters per pound = $20.00
It's interesting to note that 1 pound of quarters and dimes has the same dollar value. For 60 pounds, the value can range from a minimum of $108.86 (all pennies) to a maximum $1,200 (all dimes and quarters).
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How long are rolls of quarters nickels dimes pennies?
Pennies are approx 2 15/16 inches worth 50 cents Nickels are approx 2 15/16 inches worth 2 dollars Quarters are approx 2 3/4 inches worth 10 dollars Dimes are approx 2 1/2 inches worth 5 dollars
A coin collection worth 2.15 consists of nickels dimes and quarters If there are 13 coins and twice as many nickels as dimes how many of each are there?
7 quarters 2 dimes 4 nickels
How can you use 14 coins to make 1 dollar?
To make 1 dollar using 14 coins, you can use 6 quarters (each worth 25 cents), 3 dimes (each worth 10 cents), 2 nickels (each worth 5 cents), and 3 pennies (each worth 1 cent). This totals to $1.00.
How many combinations are there if you need 0.65 and can't use pennies but one coin is a quarter?
Well, isn't that just a happy little question! If you have a quarter (worth 25 cents) and can't use pennies, you could make 0.65 using a quarter and a dime (10 cents), or three quarters. So, there are two combinations in this scenario - each one a unique little masterpiece!
Aaron has 100 coins all of which are nickels dimes and quarters that together are worth 13.00 He has 3 times as many nickels as dimes How many of each type of coin does Aaron have?
He has jillian.
How much is 190 pounds of pennies nickels dimes and quarters worth?
It would all depend on the mix. If you had 180 pounds of pennies and the other 10 pounds were nickels, dimes and quarters that would be worth a lot LESS THAN if you had 180 pounds of quarters and the other 10 pounds were pennies, nickels and dimes.
How long are rolls of quarters nickels dimes pennies?
Pennies are approx 2 15/16 inches worth 50 cents Nickels are approx 2 15/16 inches worth 2 dollars Quarters are approx 2 3/4 inches worth 10 dollars Dimes are approx 2 1/2 inches worth 5 dollars
How much is the dollar worth?
100 pennies 10 dimes 20 nickels 4 quarters
How much is a roll of dimes worth?
A roll of dimes is worth $5.00. A roll of quarters is worth $10.00. Roll of nickels is $2.00 and roll of pennies is $0.50. Hope this helps. (:
What are one dollar bills worth?
100 pennies 10 dimes 20 nickels 4 quarters 1 dollar
Which is worth more 160 quarters 480 dimes or 3999 pennies?
160 quarters = $40.00480 dimes = $48.003,999 pennies = $39.99
A coin collection worth 2.15 consists of nickels dimes and quarters If there are 13 coins and twice as many nickels as dimes how many of each are there?
7 quarters 2 dimes 4 nickels
How can you use 14 coins to make 1 dollar?
To make 1 dollar using 14 coins, you can use 6 quarters (each worth 25 cents), 3 dimes (each worth 10 cents), 2 nickels (each worth 5 cents), and 3 pennies (each worth 1 cent). This totals to $1.00.
How much is 3 dimes and 4 nickels and 3 pennies worth in cents?
53 pennies
What in dollars is 80 pounds of loose pennies nickels dimes and quarters worth?
The value of the coins is going to be highly dependent upon the ratio of coins. In general: Dimes, quarters and half dollars are roughly $20/lb Nickels are $5/lb And there are 181 pennies to a pound ($1.81) So we're talking any where from $1600 to $150.
How much is 3 dimes and 4 nickels and 3 pennies worth?
53
How much is 10 nickels 10 pennies and 6 dimes worth?
$1.20
