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Assume price of copper is $3.00 per pound and price of Zinc is $1.25 per pound. Note that 1 pound is equivalent to 453.592 gms.

Assume price of copper is $3.00 per pound and price of Zinc is $1.25 per pound. Note that 1 pound is equivalent to 453.592 gms. A US penny(0.01 coin) minted prior to 1982 weighs 3.1 gms and consists of 95% of copper and 5% of Zinc. What is the dollar value of a bag of 1,000 pre 1982 pennies based on its metal content (the melted one).

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