what is a pound of nickles,penny and dimes worth?

Question

like i heard that they are worth more by the pound if you trade them in were can i get the exact mount of what each one is made so i can calculate?

Answer 1

Before half way into 1982 were 87 .5% copper and 12.5% zink. After that, they were changed to 97.5% zinc and their weight was reduced to 2.5 grams from 3.11 grams. Only the outside in now copper the interior containes about one tenth of one percent.

Nickels have remained about the same composition since 1866 except during the war they are 5 grams and mostly copper at 75%.

Dimes are 91.67% Copper and 8.33% Nickel with a copper nickel core the nickel is used for the silverlike look. They weigh 2.27 grams.

In terms of cashing them in for scrap value, a pound is 453.59 grams so you can do the math. Just after our change changed from silver to copper clad, the Bearou of Minting made it illegal to melt the silver coins which on the open silver marked especailly oversees was many times over face, so many illegal smelting operations were in existence. That ban which was legally binding (it was only a policy and never a law) only lasted for two years in the late sixties to my knowledge has only recently been enacted again but am not sure. It doubtfull wheather legal or not, that you would get anyone willing to trade them in furthermore, if they were you doubtfully get even face value. Much of what you are refering such as a nickel costs 8 cents is also the stamping process and getting the raw materials into usable form, the metal price and especially resmelting price is probobly not over face or is only marginally, and scrap price would be well below.

Answer 2

Nope, you cannot sell legal tender for scrap.

A pound of coins would depend on how many dimes were in there and how many nickels and pennies. It could be all sorts of combinations and more dimes the more the pound is worth.

But, anyway, no you heard wrong.

Answer 3

none of the American coins are the original metal anymore--so that's sort of a myth.

Pennies used to be all copper, but are now mostly zinc because they would be worth more than one cent if they were still 100% copper.
Nickels are a copper-nickel alloy, but they were once 100% nickel, and would be worth more than 5 cents if not made with alloys.
Dimes used to be silver, but now are a copper-nickel-silver alloy, so they aren't easily convertible to pure metals...
go for a pound of dollar bills!

Answer 4

I do believe you heard very, very wrong information. It's highly illegal to sell currency for a value other than the stated value on the coin or paper. The exception to this is collectible coins and paper money.

I'd just get myself a zipper sandwich baggie and put a pound of coins in there, set it on the bathroom scale to see for sure that it is a pound, then pour it out and count it.

Answer 5

a pound of nickels,a pound of pennies and a pound of dimes is 3 pounds ...lol

Answer 6

count them