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Q: how much is 1 lb. of quarters worth ( Answered,   0 Comments )
Subject: how much is 1 lb. of quarters worth
Category: Miscellaneous
Asked by: wakomba-ga
List Price: $2.00
Posted: 29 Apr 2003 10:16 PDT
Expires: 29 May 2003 10:16 PDT
Question ID: 197062
how much is 1 lb. of quarters worth
Subject: Re: how much is 1 lb. of quarters worth
Answered By: bobbie7-ga on 29 Apr 2003 10:53 PDT
Hello wakomba-ga  and thank you for your question.

One pound of quarters is worth $20.00.

The Federal Reserve Bank Of Minneapolis redemption rates for sorted
coins are: Dimes, Quarters, Halves, Eisenhower Dollars - $20 per pound

According to Gérard P. Michon, Ph.D. - Trivia page, $20 per pound is
the current standard for dimes and quarters (since 1965) as well as
half-dollars (since 1971).

The Oklahoma State University - Department of Chemistry illustrates
that one pound of quarters are worth $19.90 or $19.75 in quarters
using the following calculation:

1 lb      =  454 g     
1 dollar  =  4 quarters  
1 quarter =  5.70 g

1 lb  X  454g  X  1 quarter  X  1 dollar     = 19.9 
         1 lb      5.70 g       4 quarters

(actual would be $19.75 in quarters)

Oklahoma State University: Department of Chemistry

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