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Man pays mortgage with pennies

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    tahoe98tahoe98 Posts: 11,388 ✭✭✭

    ...image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
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    NewParadigmNewParadigm Posts: 1,322
    I bet there are some pretty good dates there
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    tahoe98tahoe98 Posts: 11,388 ✭✭✭

    ...the guy probably checked not one of them. image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
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    OnedollarnohollarOnedollarnohollar Posts: 2,035 ✭✭✭✭
    hopefully he was a collector and these are all non-keys that he had piled up in his searches.
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    messydeskmessydesk Posts: 20,855 ✭✭✭✭✭
    Something doesn't add up. 62,000 cents, if all are the heavier copper ones, should weigh about 450 pounds. Was the other 350 the steel crates?
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
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    ricmanricman Posts: 313 ✭✭✭


    << <i>Something doesn't add up. 62,000 cents, if all are the heavier copper ones, should weigh about 450 pounds. Was the other 350 the steel crates? >>



    Agree!! Even if all 62,000 cents were the heavier pre 82 coins weighing 3.11 grams each, the stash would weigh in at 425 lbs. With an assumed number of later dates at only 2.5 gm each, the load would would be even lighter. These weighs disregard any contribution from steel coated zinc cents at 2.77 gms each.

    Little makes sense to this story. In addition to the above scenario, the "saved 2.5 pennies a day" would do little to help make a house payment. At 2.5 pennies/day he was saving just over $9 bucks a year.
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    Tdec1000Tdec1000 Posts: 3,852 ✭✭✭
    Good for him!
    Awarded the coveted "You Suck" Award on 22 Oct 2010 for finding a 1942/1 D Dime in silver, and on 7 Feb 2011 Cherrypicking a 1914 MPL Cent on Ebay!

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    hchcoinhchcoin Posts: 4,843 ✭✭✭✭✭
    Awesome
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    BAJJERFANBAJJERFAN Posts: 31,678 ✭✭✭✭✭
    He gave the bank advance notice and it was the least hassle to accept them with no fanfare. I expect they wrap their own coin or just send the filled bags to their coin supplier.
    theknowitalltroll;
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    NewParadigmNewParadigm Posts: 1,322


    << <i>Something doesn't add up. 62,000 cents, if all are the heavier copper ones, should weigh about 450 pounds. Was the other 350 the steel crates? >>



    I love the forum.
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    TwoSides2aCoinTwoSides2aCoin Posts: 45,259 ✭✭✭✭✭
    If we repealed the law on melting copper, he could have stopped by the recycler , cashed that in and had enough to pay half a year of his property taxes, too.

    Practice makes perfect & nobody is perfect. So, practice being nobody.

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    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    He had a lot of Zinc most likely pulling from circulation the last twenty five years are more likely to be zinc than copper.
    Weight is off as he had special containers.
    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
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    BochimanBochiman Posts: 25,790 ✭✭✭✭✭


    << <i>hopefully he was a collector and these are all non-keys that he had piled up in his searches. >>



    The article tells you "The penny pincher, who still picks up the coppers on the street, saved 2.5 pennies a day, which he put toward the house payment. The saver raised two daughters and now enjoys four grandchildren, who, he tells, "Pennies add up.""

    He wasn't a collector...just someone who picked them up and saved them as "found money".

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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    BAJJERFANBAJJERFAN Posts: 31,678 ✭✭✭✭✭
    Warren Buffett would pick up a penny and see it as the start of his next billion!image
    theknowitalltroll;
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    johnny9434johnny9434 Posts: 34,388 ✭✭✭✭✭
    well, that was certainly different.
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    MidLifeCrisisMidLifeCrisis Posts: 10,618 ✭✭✭✭✭


    << <i>Good for him! >>


    image
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    joeykoinsjoeykoins Posts: 18,923 ✭✭✭✭✭
    Like mentioned earlier, the guy probably wasn't a collector. What a shame,not to check the dates/errors/varieties. To think how much extra cash he would have, if he did? Who knows, he probably could have made 2 mortgage payments by checking the cents! What some people are missing out in.

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
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    gyocomgdgyocomgd Posts: 2,582 ✭✭✭
    Would I reach into my pocket, pull out 25 pennies and with this guy watching, throw them into a busy street? No. That would be cruel. An interesting YouTube clip, but cruel nevertheless.
    image

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