They certainly are quite valuable, so you can cut them for the money. I am not sure about the experience; I suspect they are not the best option for quick experience, though.
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Cooked lobsters are currently worth 303 coins.
its worth to much if some one knows how to get it i can get the level but i cant get gold i dont have much
Yes, its a really good way to make money.
Needles are currently worth 1 GP apiece.
You will find this information by looking on the Grand Exchange.