The standard value for 1 million pennies is $10,000 dollars, but these are not standard pennies.
There are 100,000,000 pennies in one million dollars.
Answer and Explanation: When we convert 5 million U.S. pennies to U.S. dollars, we get 50,000 dollars.
Reyes listed the coins on OfferUp, a popular resale app and website, asking for $25,000. If their estimate of 1 million pennies is accurate, that's more than double the $10,000 value in normal currency.
More than a few piggy banks were broken along the way, but Rockefeller Center in New York City is currently displaying 100 million pennies — that's $1 million worth of the copper coins.
Million pennies are worth $10,000. Namely, there are 100 pennies in a dollar, and 100 pennies are worth $1. Therefore, to get the exact number, we need to divide one million by 100. This gives us the answer of $10,000.
They are focused on change -- lots of it. One billion pennies' worth, to be exact. Proudly Pennies is a student-led fundraising initiative to raise one billion pennies, which translates to $10 million by 2013.
One of the rarest pennies cost a Beverly Hills man a pretty penny. At an auction last Thursday, Kevin Lipton shelled out $2,585,000 for the Birch Cent, a penny made in 1792 that is named after its engraver, Robert Birch. It's the most money ever paid for a one-cent piece.
Now the standard value for one million pennies is $10,000, but these copper pennies were made before World War ll. The U.S. started making pennies out of zinc-covered steel in 1943 when copper was needed for the war. The pennies were found in boxes, crates and sacks.
These pennies are highly valuable due to their scarcity and historical significance. The 1943 copper penny is among the rarest coins and has a fascinating history, thus becoming one of the most expensive coins. 1943 copper pennies can value as low as $100,000 up to millions depending on grading conditions.
Police on the scene say an estimated one million dimes, worth $100,000, were stolen.
A stack of 500 billion pennies is the same as 100 stacks of 5 billion pennies so using the answer from part (a), the stack of 500 billion pennies would be about 100 \times 5000 = 500,000 miles high. Multiplying this out gives 15,143,040,000 or about 15 billion inches.
The cent, the United States one-cent coin (symbol: ¢), often called the "penny", is a unit of currency equaling one one-hundredth of a United States dollar.
Save this question. Show activity on this post. So one billion pennies stacked is about 61.6 miles high.
You'll need 100,000,000 pennies.
2.8 million pennies is the equivalent of $28,000. $28,000 is a lot of money, but a penny isn`t.
Now that you've read the fable, you can see the choice is pretty clear: it's better to have a single penny that doubles everyday for a month, versus $1 million up front. This is because of the power of compound interest. If you took a single penny and doubled it everyday, by day 30, you would have $5,368,709.12.
Only six of the nearly pure gold coins have ever been made, as of December 2022, and each has a face value of $1 million. They were used as a promotional showpiece for the mint's one-ounce Gold Maple Leaf coins.
Only 3,000 of the regular 1930 pennies were made and were only released directly through the Royal Australian Mint's visitor program and not put into circulation. “It is the holy grail and they can sell [for] up to $1 million,” The History of Money said.
It is highly sought after by coin collectors, and a 1930 penny in very fine condition can be worth A$45,000 or more. The 1930 penny has remained Australia's most well-known rare coin ever since one was first discovered by Sydney coin collector Fritz Schaefer between 1940 and 1944.
The 1943 bronze Lincoln cent is considered to be the most famous error coin made by the U.S. Mint and could be worth more than $300,000.
Watch for low mintage years like 1955-S, 1939-D, 1933-D, and 1931-S. Depending on condition, rarer pennies are worth more. Look for all-copper pennies. Old pennies made before 1982 are 95% copper, which gives them an inherent metal value. This translates to the pennies being worth more.
Here's a list of the top 10 most valuable pennies for 2023: 1) 1944 Steel Wheat Penny - $408,000. 2) 1943 Copper Wheat Penny - $250,000. 3) 1856 Flying Eagle Penny - $25,000.
One trillion pennies would create a mind boggling cube with edges nearly as long as a football field. If only there were that many pennies in existence! Current estimates by the U.S. Mint place the number of pennies in circulation at around 140 billion.