$5000 of pennies turned into bank....

Forum for discussing any topic related to investing in, collecting and saving US, Canadian, UK, and other Copper Bullion Pennies for their metal content.

$5000 of pennies turned into bank....

Postby mnymgr1 » Thu Oct 29, 2015 8:08 am

and I'm thinking, why the heck didn't he contact someone in the coin community first ??
there had to be a few nice coins in there if he'd been collecting since 1960

http://www.foxnews.com/us/2015/10/29/ch ... cmp=hplnws

mods, sorry if I put this in the wrong area, please move at your discretion
mnymgr1
Penny Sorter Member
 
Posts: 54
Joined: Wed Dec 07, 2011 7:35 am

Re: $5000 of pennies turned into bank....

Postby AdamsSamoa » Thu Oct 29, 2015 9:32 am

Saw it on the news last night and was thinking the same thing.

-J
User avatar
AdamsSamoa
1000+ Penny Miser Member
 
Posts: 1076
Joined: Fri Oct 15, 2010 3:13 pm
Location: Coraoppolis, PA

Re: $5000 of pennies turned into bank....

Postby justoneguy » Thu Oct 29, 2015 9:58 am

this is how coin roll hunters get their scores!
We can ignore reality but we can’t ignore the consequences of ignoring reality.


The truth will set you free,
but first it's really going to piss you off.
User avatar
justoneguy
1000+ Penny Miser Member
 
Posts: 1592
Joined: Tue Aug 10, 2010 10:00 am
Location: Colorado 80004

Re: $5000 of pennies turned into bank....

Postby GGerrands » Thu Oct 29, 2015 7:42 pm

Got on the board to post this and saw it was already up. I wonder if anyone got them or they were sent off to Loomis. $25 bonus for a $100 turned in back in the 70s wasn't a bad deal.
GGerrands
Penny Pincher Member
 
Posts: 156
Joined: Sat Oct 01, 2011 6:22 pm

Re: $5000 of pennies turned into bank....

Postby fasteddy » Thu Oct 29, 2015 8:11 pm

I will call this bank in the morning....its probably 4 hours away....but it probably happed last week and the cents have already been sent to the vault/FED. I have done this before and the news stories are behind by a week or so.
User avatar
fasteddy
Post Hoarder
 
Posts: 2656
Joined: Wed Sep 02, 2009 10:00 am

Re: $5000 of pennies turned into bank....

Postby TXSTARFIRE » Fri Oct 30, 2015 9:24 am

Not there anymore, per the article:

"After freeing the coins from their containers, bank employees poured them into buckets and loaded them through a counter into bags, before shipping the pennies off to the Federal Deposit Insurance Corporation."

Why would the FDIC want these?
TXSTARFIRE
1000+ Penny Miser Member
 
Posts: 1299
Joined: Fri Jul 29, 2011 12:39 pm
Location: Minnesota

Re: $5000 of pennies turned into bank....

Postby jrf30 » Tue Feb 16, 2016 11:57 am

FDIC would not want them. Just an ignorant statement by the reporter. They were not sent to the Fed either. Just sent in to Loomis or whoever that specific bank uses for their coins. Not a biggie. Just an error by the writer.
jrf30
 
Posts: 10
Joined: Mon Feb 15, 2016 1:04 am

Re: $5000 of pennies turned into bank....

Postby Heavymetal » Thu Apr 07, 2016 7:30 pm

Wish I could have searched through those!
Heavymetal
 
Posts: 9
Joined: Tue Apr 05, 2016 6:13 am


Return to Copper Penny Bullion Investing

Who is online

Users browsing this forum: No registered users and 2 guests