We all know that Pennies are not often used for purchases, since they do it have much value in trade currently. However, there are times you will find yourself in situations where you need up to $100 worth of Pennies. It is such times that you might find yourself asking “how many pennies are in $100?
The good news here is that you do not have to bother yourself so much as we are going to give you the specific answer and also show you how to calculate subsequent amounts of pennies in dollars. So follow me to learn everything in this very educational and informative article.
What Are Pennies?
A penny is a unit of currency that is equal to one-hundredth of a US dollar or a British pound. It is a coin and has since 1857 been the lowest US currency.
In the United States, pennies are made of copper-plated zinc while in Britain, they are made of bronze. They are a little bit heavy (as compared to dollars). Each US penny weighs about 2.5 grams and has a diameter of 0.750 inches. I believe you will agree with me that it is quite a lot of weight when you are given $100 worth of pennies.
It also has a thickness of 1.52 millimeters and its edges are smooth thereby erasing the possibility of scratches on other materials when kept together with it.
When you hear or see someone asking how many pennies are in $100, you might be wondering what is needed since there are not many items sold in pennies. In the next paragraph, I will quickly explain some of the uses or importance of pennies.
Why You Would Need $100 Worth Of Pennies
Since we noted that pennies are the smallest unit of currency in the United States and Britain, I guess you can tell that $100 worth of pennies is going to be so much. Before we move on to see how many it is, let’s see some of the reasons why you would need to have that with you.
For Giving Out Change In Your Store Or Shop
One of the major reasons why people are often in search of how many pennies make $100 is because they want to get some that would be used as change in their shop.
Take it this way, if you have a grocery shop, store, or fast food restaurant, chances are that some of the prices of items have fractions in pennies. When such purchases are made, there is always a need for pennies as they would be used as change.
So to get yourself prepared beforehand, you have to get up to $100 worth of pennies with you. Hence the necessity of this discussion.
You Want To Convert Your Pennies To Dollars.
Another reason why you would need to know the number of pennies in a dollar or $100 is when you intend to exchange the pennies in your possession for dollars. Here is how this works.
If you often visit stores as explained above, there is the tendency that you might have been given pennies as change over time. You may also find some in the packing lots sbd ither public places since they tend to be worthless. It would only take some time for your coin jar to get filled up.
And when this happens, you would want to convert them to dollars. In situations like this, you will find yourself asking “how many pennies are in $100?”
You Are A Collector
You would also get such an amount t of pennies if you are a coin collector. Some of these pennies especially the very old ones cost quite a huge amount of money during unction. So, collectors often keep pennies and sell them out during unction to make money.
How Many Pennies In $100 ?
Now, this is what you have been waiting for. And I know it would interest and excite you to know that there are 10,000 pennies in $100. You will agree with me that this is quite a lot, right? Let me show you how we arrived at this answer in the paragraph below.
For every $1, there are 100 pennies. So if you have 100 of those $1, it, therefore, means that it would be 100 pennies times 100 dollars which will give you ten thousand pennies as we have stated above.
Here is the mathematical representation of the answer to “how many pennies are in $100?”
$1= 100 pennies
Therefore $100 would be 100 × 100 = 10,000.
So, there are 10,000 pennies in $100. That was easy, right? I know with this you can calculate and convert any amount of dollars to pennies easily.
Where Can I Convert My Pennies To $100?
You can convert your pennies to followrs in the following places.
Stores And Business Centers
The first option on our list of places where you can convert your pennies to dollars is at grocery stores, shops, and other businesses. These businesses would need the pennies to make change to their customers hence they are in the right position to take them from you in exchange for cash.
Although $100 worth of pennies is so much hence you would hardly see a single store taking all that from you. What should be done is to split them into $1, $2, 5, etc. Go to different shops and you will be given dollar notes in exchange.
If you also have access to a bank, such as Wells Fargo, Bank of America, etc, it is the best place to convert your pennies to dollars. And this method is usually very easy and fast. Banks do not reject pennies because they are legal tenders.
So walk into any bank, hand your pennies over to the cashier, and ask that they be deposited into your account. When that is done, you can therefore withdraw its worth from the ATM in dollars.
Do Vending Machines Allow Pennies?
No, most modern-day vending machines do not accept pennies. They would rather you use your credit or debit card to make payments. If you want to know why this happens, read the next paragraph.
Why Don’t Vending Machines Allow Pennies?
The major reason why vending machines do not accept pennies is that they do not have enough space to keep huge amounts or quantities of them. Of course, if you are going to be paying for snacks with pennies, that would be a huge number of pennies and will contain a large space.
And since the machines do not have much space, hence pennies are not accepted.
What Is The Weight Of $100 Worth Of Pennies?
We said earlier that there are 10,000 pennies in 100 dollars. And each penny weighs 2.5 grams. Therefore, the weight of 10,000 pennies is 55.1 pounds. And would take up 213 cubic inches. That’s so much weight I must say.
Do 1000 Pennies Equal $100 Dollars?
No, 1000 pennies are not equal to 100 dollars. Each dollar is made up of 100 pennies. So 1000 pennies are equal to $10.
So far you have seen that there are 10,000 pennies in $100. I am confident that with the mathematical method given above, you will be able to calculate other quantities of pennies you have and easily convert them to dollars.