How much is a 24 carrot gold penny worth?

A 24-carat gold penny typically refers to a gold coin that is made entirely of gold, but it is important to note that there is no official "penny" of this type in circulation. The value of such a coin would depend on the current market price of gold, which fluctuates regularly. As of October 2023, the price of gold is approximately $1,900 per ounce, so a penny-sized piece of 24-carat gold (roughly 2.5 grams) would be worth around $150, but exact values may vary based on market conditions and collector interest.