Family briefly considered CoinStar after finding 1,000,000 penny cache

[MiddenMonster]

Posted this in the Cache Hunting forum because technically it's a cache. But the people who found the million pennies considered pushing them through a CoinStar machine until the 8% rake turned them off. I thought 8% was the fee 20 years ago or so, but I haven't used a CoinStar in a long time. Here's the link if you are interested in reading the thread, which also contains a link to the actual article, which has some decent pictures:

Cache city! Family finds 1,000,000 pennies in crawl space.

 

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[Sandog]

Have seen several news items related to this find. The best had a photo of the bags and boxes of pennies. AMAZING big pile. Sorry, I didn't grab the link.

 

[MiddenMonster]

Have seen several news items related to this find. The best had a photo of the bags and boxes of pennies. AMAZING big pile. Sorry, I didn't grab the link.

Here be the link:

California family makes staggering discovery in crawlspace of old home

 

[SeabeeRon]

Were they found already rolled?!?

 

[MiddenMonster]

Were they found already rolled?!?

A lot of them were initially rolled, but the paper had degraded to dust by the time they were found. Click the link and check out the pics. It looks like a late 19th century bank robbery under that house...

 

[Sandog]

A lot of them were initially rolled, but the paper had degraded to dust by the time they were found. Click the link and check out the pics. It looks like a late 19th century bank robbery under that house...

That thought flashed through my mind. But I decided to be positive and go with the old standard: "A penny saved is a penny earned." I am sure however that there will be folks searching for any old reports of a heist of a million pennies

 

[NSR60]

Logistics and the machine's capacity aside, imagine if they had. They'd take a 12 percent loss just on face value. All told, they would have gotten a little over a third of what these are worth for their copper content. And that's without factoring in any rare dates.