Thursday, July 01, 2004

..is a Penny Earned. or not
This sounds like the kind of bet my own brother and I would make. A man in Los Angeles made a bet with his brother 30 years ago, and now he's ready to collect. The bet? that he couldn't save 1 million pennies over his lifetime. So now he has 20,000 rolls of pennies in his garage.

There's just one problem: it turns out that it's not so easy to turn in 3.6 tons of copper coins into a more manageable version of the $10,000 they are worth. Link:
The Coinstar machine at his supermarket isn't exactly made to accept a million pennies.

A Santa Monica artist who welds couches out of pennies declined to call him back.

Coin collectors said to call a bank.

But his bank, Washington Mutual, is charging extra fees and won't take all the rolls at once. The best he's found is a branch that will take 200 rolls, or $100 per week. That's 20 months of deposits.
I don't know what to say about it, but I like it.

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