Can you imagine dumping your 45-year coin collection in a bank coin machine?

[Zero]

Surprised by this story. Why not sell the collection?

Change for the better: Man cashes in 45-year penny collection worth $5,000

Change for the better: Man cashes in 45-year penny collection worth $5,000 | Fox News

 

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[Liu21]

Wonder how he got them to the bank... Was it in one shot? Or over a period of a week/month.

 

[MIhunter]

When I search a box I find about 10 wheats/box or 0.4%
This guy dumped 513,614 pennies, if 0.4% were wheats then
he dump 2,054 wheats!!

 

[baddbluff]

When I search a box I find about 10 wheats/box or 0.4%
This guy dumped 513,614 pennies, if 0.4% were wheats then
he dump 2,054 wheats!!

He started collecting cents in the 60s. There were probably 10s of thousands of wheats in there.

 

[baddbluff]

If he'd run them thru a copper sorter a few years ago, and sold the coppers & wheats, coulda EASILY doubled or maybe tripled his money.

 

[digger460]

Wow, that's around 14 pds. of Wheaties.

 

[LooseChange]

If he'd run them thru a copper sorter a few years ago, and sold the coppers & wheats, coulda EASILY doubled or maybe tripled his money.

Too true.
In fact, the bottom/first 20yrs worth of it (pre-1982) wouldn't have had to run through a sorter, just the top 30yr layers.

 

[Sfynks870]

On the upside, this isn't far from my home. Perhaps I should grab a few boxes of pennies and hope he reintroduced some ih and wheats back into the system. Is that to shallow to be funny?

 

[jrf30]

Don't know what to think of this article, but some things don't add up. "he wheeled his collection in on a dolly to see how much he had." First off, the weight of that many coins? I collect pennies (Cents. I know) for the copper play. they consistently run 165 to the pound. So that means he had 3,113 pounds worth of pennies. He rolled them in on a dolly? If he can MOVE over 1 and a 1/2 TONS of coins on a dolly, he is a superman. It didn't happen. Secondly, how did he GET them there? IN his car? Ahhh, not as easy as you think. My TRUCK says the payload in the back is 1 ton. I couldn't even get them there in my truck, much less this old man getting them there in a car.


Then there is the loading OF that vehicle. Let's assume he has a dually and could get that much on a truck. They say they were in "15 plastic containers". that's an average of 207 pounds per bag, if they all were exactly even in quantity. He lifted 15 bags of over 200 pounds each into his vehicle at home, and off again at the bank?


Last issue is volume. Both in the bags and in the vehicle. Each bag would have about 35,000 coins in them. I don't know of bags that would HOLD that much. The bags on the coin counters at my bank hold $50 worth of pennies, and then the teller that changes out the bag struggles to pick up that bag. Imagine SEVEN of those bags? I know of NO ONE that could carry those bags, and NO bags that could support the weight. Then the physical volume. Have you ever stacked $25 penny boxes? I have. And it take SPACE. the SPACE of 205 of thee boxes is MUCH more than a vehicle OR a dolly could fit. I know his were in the bags (the 207 pound each bags) but it should be about the same physical volume either way.


No, this article sounds great, but something doesn't add up here. A LOT of things don't add up here.


And the guy is 73 years old! Slinging those 200 pound bags all over the place and pushing 3,113 pounds on a dolly. I:m calling something fishy on this.

 

[Zero]

Here is an article with a video link:

http://m.nydailynews.com/news/natio...es-penny-collection-tune-5g-article-1.2415864

He used water jugs filled to the brim and an axe to open them up.

 

[Zero]

Here's a picture:

 

[boogeyman]

I can just see it now some CRHer wetting himself all the way home!

 

[Dozer D]

On the upside, this isn't far from my home. Perhaps I should grab a few boxes of pennies and hope he reintroduced some ih and wheats back into the system. Is that to shallow to be funny?

That's a very good point, GO FOR IT, but give it several weeks to wash back into the system. Hope you get some, IH & wheats.

 

[Dozer D]

Here's a picture:

<img src="http://www.treasurenet.com/forums/attachment.php?attachmentid=1229252"/>

The weight of a single jug would require two men to pick it up. Just how many jugs did it take, then by dividing that into 516000 cents = how many in a jug , times the single gram weight of a cent = the approx weight of a penny filled jug. Too many variables for a 73-yr old man. I say a jug at a time each week might sound understandable.

 

[MIhunter]

error

 

[Zero]

The weight of a single jug would require two men to pick it up. Just how many jugs did it take, then by dividing that into 516000 cents = how many in a jug , times the single gram weight of a cent = the approx weight of a penny filled jug. Too many variables for a 73-yr old man. I say a jug at a time each week might sound understandable.

The video shows two persons handling a jug with a dolly. A total of 15 jugs. Each jug was placed in a tub, cracked open, and then they scooped a small tub full and dumped them into the coin machine. The article said it took over 5 hours.

 

[Liu21]

The video shows two persons handling a jug with a dolly. A total of 15 jugs. Each jug was placed in a tub, cracked open, and then they scooped a small tub full and dumped them into the coin machine. The article said it took over 5 hours.

Next time a bank gives anyone crap about dumping 1-2k of halves. Show them this

 

[maipenrai]

Nice article, dont ruin it with a lot of facts! Probably the reporter just added a few things, to make it more interesting.

 

[FormerTeller]

Don't know that I'd call it a collection, so much as a change jar. Just a really really big one...

 

[LooseChange]

Here is an article with a video link:

http://m.nydailynews.com/news/natio...es-penny-collection-tune-5g-article-1.2415864

He used water jugs filled to the brim and an axe to open them up.

I just watched the video - thanks for the link Zero.

He stated in the interview that "in the late 60's or early 70's," the guvment was giving $125 for $100 face value of pennies. Has anyone heard that before? Is it true? I'm doubtful.