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Penny Hoarding Saved Me from a Rotten Situation!

PostPosted: Tue Jan 29, 2013 5:11 pm
by styropyro
I recently moved over 250 miles from home to college, and currently my only banking is back up home. The other day, I lost my wallet on a bike ride around campus and with it I lost all access to my money. I am supposed to come home this weekend but without any money, this wouldn't have been possible! Lucky for me, I had $140 in zincs waiting to be dumped and this will provide me with enough money to get back home. I wouldn't have guessed I would be using my zincs as an emergency fund, penny hoarding definitely has its benefits!

Keep stacking! :thumbup:

Re: Penny Hoarding Saved Me from a Rotten Situation!

PostPosted: Tue Jan 29, 2013 5:15 pm
by shinnosuke
Glad it was zincs and not coppers that you cashed in.

Re: Penny Hoarding Saved Me from a Rotten Situation!

PostPosted: Tue Jan 29, 2013 5:47 pm
by Zincanator
Cool! I keep a small box of rolled up zincs in my car for those times I'm running on empty and need a few bucks of gas to tide me over 'til the next fillup.

Re: Penny Hoarding Saved Me from a Rotten Situation!

PostPosted: Tue Jan 29, 2013 10:34 pm
by Engineer
Coin sorting is a great way to use your emergency fund money. $1K sitting in a bank at .25% will make you $2.50 a year, while the same $1K turned over every week in dime searching will net you $20.80* FV in 90%...the equivalent of 50% APR at current prices.

* Assumes 1 dime per box

Re: Penny Hoarding Saved Me from a Rotten Situation!

PostPosted: Tue Jan 29, 2013 11:09 pm
by HD-Daddy
Any Clad for that matter is great for keeping at home for that "emergency" cash we all should have. I believe most sorters have figured that out by now. I like to leave the clad halves for the kiddies to spend.

Re: Penny Hoarding Saved Me from a Rotten Situation!

PostPosted: Thu Jan 31, 2013 3:17 am
by Numis Pam
Good for you!! :clap: Smart young man :thumbup:

Re: Penny Hoarding Saved Me from a Rotten Situation!

PostPosted: Thu Jan 31, 2013 12:14 pm
by spacemanX
Run for congress! smart young man....
no wait, they wouldn't take him because he used common sense!!!

Re: Penny Hoarding Saved Me from a Rotten Situation!

PostPosted: Thu Jan 31, 2013 6:28 pm
by MUTiger
spacemanX wrote:Run for congress! smart young man....
no wait, they wouldn't take him because he used common sense!!!


or common cents.

Re: Penny Hoarding Saved Me from a Rotten Situation!

PostPosted: Thu Jan 31, 2013 7:13 pm
by njo.electric
I know that feeling of cashing in...probably one of the most foolish things I've done with my money, but at least my wife let me buy silver with it!