Abstract

The Statue of Liberty stands on Liberty Island in the New York City Harbor. It was dedicated on October 28, 1886, a gift to the United States from the people of France. The statue itself is 151 feet tall and stands on a 154-foot foundation and pedestal. The statue consists of over 300 sheets of copper hanging from a steel frame. The copper sheets weigh 100 tons, while the steel used within the statue weighs 125 tons. Scrap copper sells for approximately $7,000 per ton, which means that the copper on the Statue of Liberty is worth about $700,000. Scrap steel sells for approximately $100 per ton, which means that the steel inside the Statue of Liberty is worth approximately $12,500. Combined, one could salvage the copper and steel used to make the Statue of Liberty for approximately $712,000.

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