Fun Facts: Statue of Liberty’s Surprising Value in Scrap Metal

28 Oct

I noticed the topic “Statue of Liberty” was trending on Twitter and wondered why. Low and behold, it is the 125th anniversary of the Statue of Liberty. My fiancé Joey asked me to look up what material the Statue of Liberty is made of and I found out it’s made of copper with a wood frame.

Statue of Liberty

If you’re thinking you can become a millionaire off the copper contained in the Statue of Liberty, think again.

Joey  takes scrap metal to the scrap yard in his spare time, and out of curiosity we both wanted to find out how much the Statue of Liberty would be worth in scrap metal.

First, we looked up the weight of the Statue of Liberty in copper, which is 62,000 pounds. Then we looked up the current price of copper as it fluctuates from day-to-day, which is $3.6469 per pound.  To calculate the scrap metal value of the Statue of Liberty, we simply multiplied the Statue’s weight in copper by the current value of copper per pound. Here are the surprising results of our calculation:

The Statue of Liberty is only worth $226,107.80 in scrap metal.  Add about $30,000 to this figure if you plan on scrapping its 250,000 pounds of steel. Compare that to the $64,000 francs, or $16,000 USD it cost in copper to construct back in 1876. Considering the historic value of The Statue of Liberty, you’d think it would be worth more, even in scrap metal, wouldn’t you?

Meet the mind behind the Statue of Liberty scrap metal calculations

Joey determined the value of the scrap metal contained in the Statue of Liberty. He’s actually looking for a handyman job right now in Petersburg, Virginia, so if you know of any jobs available, please let him know.

Sources:

metalprices.com – Current price of copper

Wikipedia – Cost of copper to construct the Statue of Liberty

http://nyc-architecture.com – Weight of the Statue of Liberty in copper and steel

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5 Responses to “Fun Facts: Statue of Liberty’s Surprising Value in Scrap Metal”

  1. laura April 19, 2012 at 3:44 am #

    I want to scrap megatron transformer! wonder what he’s worth?

  2. t May 20, 2013 at 3:33 pm #

    Your math is off a little…. The Statue weighs 80 metric tons, 1 metric ton is equal to 2204.62262 lbs which puts the weight of copper at approx 175, 000 lbs of copper.

    • t May 20, 2013 at 3:35 pm #

      Sorry, the weight of the copper in the statue equals 80 metric tons.

Trackbacks/Pingbacks

  1. Statue of Liberty Celebrates Her 125th Birthday | The Freedomist- Freedom News - October 29, 2011

    [...] expect considering how monumental the Statue of Liberty is. How much less? Read more here: http://valiablogs.wordpress.com/2011/10/28/fun-facts-statue-of-libertys-surprising-value-in-scrap-me… Democracy Denied: How Obama is Ignoring You and Bypassing Congress to Radically Transform America – [...]

  2. Case of the Missing Mayan Pyramid | Helen Credit - July 24, 2013

    […] market, that would go for a little over $225,000US and the steel would add about $30,000US to that(Valia Blogs). Wouldn’t it be crazy if some random construction contracting company scrapped the statue for […]

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