What is the estimated value of 1 pound of mixed change?
Favorite Answer
This would be my guess.
Assumptions:
30 lbs x 0.45359237 kg/lbs = 13.6 kg (sorry Im Canadian!)
American Currency Weight:
Penny weight = 2.5g = 0.0025kg
Nickel weight = 5.0g = 0.005kg
Dime weight = 2.268g = 0.002268kg
Quarter weight = 5.670g = 0.005670kg
Therefore, since there is an even mixture of all coins:
0.0025p + 0.005n + 0.002268d + 0.005670q = 13.6
Where, p = penny, n = nickel, d = dime, q = quarter
But, p = n = d = q = x
0.0025x + 0.005x + 0.002268x + 0.005670x = 13.6
0.015438x = 13.6
x = 880 (rounding down)
Therefore, an equal mixture contains 880 of each penny, nickel, dime, and quarter.
Therefore in 13.6 kg or 30 lbs we have:
880 * pennys = $8.80
880 * nickels = $44.00
880 * dimes = $88.00
880 * quarters = $220.00
For a grand total of : $360.8 / 30 pounds of mixed coins.
Therefore, in 1 pound of mixed coins, the monetary value should approximately be $12.03.
Hope that helps!
so for q with a weight of 5.67g we would get a weight of 17.01g and a price of .75$
for d with a weight of 2.268g we would get a weight of 4.536g and a price of .20$
for n with a weight of 5g we would get a weight of 5g and a price of .05$
for p with a weight of 2.5g we would get a weight of 10g and a price of .04$
total weight = 36.456g = .036456kg
total price = .94$
so $/kg = 25.721$/kg = {{{11.66684 $/lb}}}
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