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Posted: 7/6/2012 11:01:54 AM EDT
Thirty-five years after purchasing the house, one Thomas Daigle and his wife, Sandra, walked into Milford Federal Savings and Loan Association––after alerting the bank to their plan––with 62,000 pennies in two steel crates weighing approximately 400 pounds apiece.


http://news.yahoo.com/blogs/sideshow/man-makes-final-house-payment-pennies-144051687.html
Link Posted: 7/6/2012 11:03:14 AM EDT
Thought this was usually reserved for protest payments?
Link Posted: 7/6/2012 11:04:04 AM EDT
Mine's on auto-draft.  I'm boring that way.
 
Link Posted: 7/6/2012 11:04:18 AM EDT
Well, you know there are those people who say we ought to return Iran's money.....in coins......dropped from altitude from a B-52.
_____________________________________________________________________________
("Drop the dime on him!"––the gangster, (w,stte), many a gangster movie)
Link Posted: 7/6/2012 11:05:59 AM EDT
Originally Posted By Snowleopard:
Well, you know there are those people who say we ought to return Iran's money.....in coins......dropped from altitude from a B-52.
_____________________________________________________________________________
("Drop the dime on him!"––the gangster, (w,stte), many a gangster movie)


I like that.
Link Posted: 7/6/2012 11:06:47 AM EDT





so.... how much money was that?






Link Posted: 7/6/2012 11:08:31 AM EDT
I don't see the point to making the last payment in pennies, but kudos to them for paying their house off.
Link Posted: 7/6/2012 11:08:40 AM EDT
Originally Posted By EvanWilliams:
Originally Posted By Snowleopard:
Well, you know there are those people who say we ought to return Iran's money.....in coins......dropped from altitude from a B-52.
_____________________________________________________________________________
("Drop the dime on him!"––the gangster, (w,stte), many a gangster movie)


I like that.


I support this plan.  May I recommend penny rolls?  Maximum impact for minimum cost.
Link Posted: 7/6/2012 11:11:57 AM EDT



Originally Posted By RI0T:






so.... how much money was that?








62,000 pennies, so $620.



 
Link Posted: 7/6/2012 11:43:07 AM EDT



Originally Posted By RI0T:






so.... how much money was that?












 
Link Posted: 7/6/2012 11:47:19 AM EDT



Originally Posted By Admiral_Crunch:





Originally Posted By RI0T:





so.... how much money was that?








62,000 pennies, so $620.

 






copper is $3.50 per pound, so 800 lbs. is $2800













 
Link Posted: 7/6/2012 11:47:23 AM EDT



Originally Posted By RI0T:






so.... how much money was that?








You seriously can't move a decimal point two places?



 
Link Posted: 7/6/2012 11:49:01 AM EDT



Originally Posted By fiver:





Originally Posted By RI0T:





so.... how much money was that?








You seriously can't move a decimal point two places?

 






 
it was an exercise in worth






Link Posted: 7/6/2012 11:52:24 AM EDT



Originally Posted By Admiral_Crunch:





Originally Posted By RI0T:





so.... how much money was that?


62,000 pennies, so $620.

 


I believe you're right, I used a online calculator to verify. YMMV, I'm not an accountant



 
Link Posted: 7/6/2012 11:52:54 AM EDT
That'll teach 'em to loan him money.
Link Posted: 7/6/2012 11:55:46 AM EDT



Originally Posted By RI0T:





Originally Posted By Admiral_Crunch:




Originally Posted By RI0T:





so.... how much money was that?








62,000 pennies, so $620.

 






copper is $3.50 per pound, so 800 lbs. is $2800











 
only pre 87.  even then, youre lookin at ~1240 or about twice the face value





 
Link Posted: 7/6/2012 11:56:42 AM EDT



Originally Posted By Cypher15:





Originally Posted By RI0T:




Originally Posted By Admiral_Crunch:




Originally Posted By RI0T:





so.... how much money was that?








62,000 pennies, so $620.

 






copper is $3.50 per pound, so 800 lbs. is $2800











 
only pre 87.  even then, youre lookin at ~1240 or about twice the face value



 



LOL, i was waiting for that!



you are correct










 
Link Posted: 7/6/2012 11:57:00 AM EDT



Originally Posted By RI0T:





Originally Posted By Admiral_Crunch:




Originally Posted By RI0T:





so.... how much money was that?








62,000 pennies, so $620.

 






copper is $3.50 per pound, so 800 lbs. is $2800











 


true, if they were old school pennies, these days they are that copper clad aluminum or whatever it is.



 
Link Posted: 7/6/2012 12:03:33 PM EDT
[Last Edit: 7/6/2012 12:04:09 PM EDT by bigrob88]
I dont really see the point.
yes I hate that Bank of America bought my home loan.
I could write a book on the stupid things they did in the beginning. I could maybe see paying off my loan in crappy well worn dollar bills but....

all your really doing is ruining some poor bank tellers day....
Link Posted: 7/6/2012 12:08:12 PM EDT
[Last Edit: 7/6/2012 12:13:14 PM EDT by callgood]
Originally Posted By Snowleopard:
Well, you know there are those people who say we ought to return Iran's Bank of America's money.....in coins......dropped from altitude from a B-52.
_____________________________________________________________________________
("Drop the dime on him!"––the gangster, (w,stte), many a gangster movie)




Wouldn't it be ironic if one of these was in the load............



1944 steel Wheat penny.

100k.
Link Posted: 7/6/2012 12:11:38 PM EDT
Originally Posted By navvet89:
true, if they were old school pennies, these days they are that copper clad aluminum or whatever it is.


Zinc, I think.

Link Posted: 7/6/2012 12:12:19 PM EDT
[Last Edit: 7/6/2012 12:15:02 PM EDT by Piratetech]
1982 is the year you are looking for or before for pennies....not 1987

After that they are like 98% zinc

Don't let your dags eat pennies after 82! it will kill them.  Mans best friend but not a coin purse.
Link Posted: 7/6/2012 12:14:18 PM EDT
Originally Posted By Piratetech:
1982 is the year you are looking for or before for pennies....not 1987


I think 1982 was a swing year. Some were all copper, some bimetallic.



Link Posted: 7/6/2012 12:22:28 PM EDT
Originally Posted By bigrob88:
I dont really see the point.
yes I hate that Bank of America bought my home loan.
I could write a book on the stupid things they did in the beginning. I could maybe see paying off my loan in crappy well worn dollar bills but....

all your really doing is ruining some poor bank tellers day....


+1

Doesn't really sound like a "protest" payoff or anything significant is achieved. Just a pain to some poor working stiff to deal with you and your "payoff".

The tellers and local manager were all very nice and happy for us when we paid ours off early. But then it's a more moderate regional bank, not a global bank.
Link Posted: 7/6/2012 12:24:56 PM EDT
Guess I'm pretty boring since I simply used a wire transfer.  No crates or drama, but some electrons were terribly inconvenienced.
Link Posted: 7/6/2012 12:27:24 PM EDT
Maybe they have been saving pennies for thirty five years and reached the point where they could pay it off with their change?
Link Posted: 7/6/2012 12:28:03 PM EDT
So, put it in the coin thingy and let it do the work.  The bank was probably happy to get a coin delivery on somebody else's dime.

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