Is this Ally Bank Penny Promotion for Real?

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erwindoc
erwindoc Posts: 5,447 ✭✭✭✭✭
edited October 20, 2016 4:41PM in U.S. Coin Forum

Anyone else heard about this bank promotion? If its for real, Ill be checking my change!

msn.com/en-us/news/offbeat/bank-places-100-lucky-pennies-across-us-worth-dollar1000-each/ar-AAjbjmS?li=BBnb7Kz&ocid=mailsignout

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  • bronco2078
    bronco2078 Posts: 10,438 ✭✭✭✭✭
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    I think I heard somewhere that Ally bank is a truly awful bank.

  • jdimmick
    jdimmick Posts: 9,992 ✭✭✭✭✭
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    yes it is, each cent is wroth a grand to the finder

  • jwitten
    jwitten Posts: 5,423 ✭✭✭✭✭
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    @bronco2078 said:
    I think I heard somewhere that Ally bank is a truly awful bank.

    I use them and they have been great! Better interest rate than any local banks, and always great customer service. I have a local bank too, but keep most cash in Ally for the interest rate.

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    I am not familiar with Ally bank... Living in a small mountain town, we have one bank and one credit union.... we did have another bank, but it closed after the third robbery....strange, the other bank never gets robbed. Cheers, RickO

  • Aberlight
    Aberlight Posts: 384 ✭✭
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    Ally is new name for GMAC.... after General Mtrs. went under.
  • RYK
    RYK Posts: 35,801 ✭✭✭✭✭
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    I have been banking at Ally for a few years and have nothing but good things to say from my experience. I still use a local bank for business and the relationship.

    @jwitten said:

    @bronco2078 said:
    I think I heard somewhere that Ally bank is a truly awful bank.

    I use them and they have been great! Better interest rate than any local banks, and always great customer service. I have a local bank too, but keep most cash in Ally for the interest rate.

    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • messydesk
    messydesk Posts: 20,828 ✭✭✭✭✭
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    Kind of a cool promotion. Things I wonder:

    • What is a legal mechanism to get them into circulation without being guilty of counterfeiting or passing non-money as money? Dropping them on the ground and leaving the circulation part to someone else?
    • When will the first redeemed or expired lucky penny show up on the secondary market?
    • Will a TPG be in touch with this bank to make special holders for the redeemed coins so that they can better sell them for Obscene Profit™, recovering some of the costs of the promotion?
    • Will other banks follow suit?
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • johnny9434
    johnny9434 Posts: 34,111 ✭✭✭✭✭
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    there good till they give me the $1,000 after that who cares

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