A penny saved is $14,000 earned!

[Admiral Ackbar]

Pennies pay off when Ohio collector cashes in. (http://story.news.yahoo.com/news?tmpl=story&cid=676&ncid=676&e=6&u=/usatoday/20041116/ts_usatoday/penniespayoffwhenohiocollectorcashesin)

[Quackzilla]

He announced this a long time ago.

I guess it takes a long time to move 1,407,550 pennies, but it definitely pays off.

[ryosnk]

A penny saved is a penny earned.

[Ledhed]

So what's next for Sukie? He says he may finally have time to index his pencil collection.

Nerd. :lol:

Then again, he's a nerd whose at least $14000 richer than I am.

[snotknocker]

a penny saved is a penny earned

[doubledown]

Damn...that's a lot of pennies...although, I keep my change, I used to roll it, but now I think I will resort to coinstar....since it saves me time and not having to touch all the filthy change. I have a BIG metal jug started up.....I will probably cash it in before my honeymoon. It's all change though, not just pennies....but it's a couple hundred :)

[GuilewasNK]

He collected pennies at a rate of 112 per day. "He'd give me dirty looks if I tried to make exact change at the grocery store," said Violet, his wife of 57 years.

Sukie inspected every penny. He separated them by year and mint location. He wrapped pennies of the same year and mint into 28,851 rolls.

He stored the fifty-cent rolls in 559 boxes in his basement.

He documented the contents and date of each roll in a loose-leaf binder that is now 3-inches thick. "He is a bit meticulous," Violet said.



:shock: :shock: :shock:

[Ugamer_X]

Ah, so this is what nerds did before videogames.

[fireatwill]

I thought CoinStar charged you to use the machine... and I think it around 9%.

[JohnnyDrama]

I just read that article on Yahoo, impressive.

[nikkai]

I'm staring at the 1.00 in change sitting next to me on my desk and dreaming of its potential... =P

[ketwyld]

What a freaking waste!!! This guy hordes 5 tons of pennies over 34 years and only nets $14,075.50 (which is about $414/year or $35/month). And then there's the fact that he kept over 1 million pennies from being in circulation, ensuring that the government needed to waste money by minting new ones. Banks were created for a reason, you goober!!! Wish one of those lightning bolts hit him...

[GuilewasNK]

Most I ever had at one time was like $12. Kept it in an empty Grits container that I did...

[evilmojo12542]

I just read article to and am impressed. I have about $50 in rolled pennies right now and well over $200 in rolled change it really does add up quick

[snotknocker]

I've used coinstar at my local supermarket. After 3 or 4 occasions i felt like I was being shortchanged literally. So I counted out $25 in change dumped it in the coinstar machine and it registered like $17 and then deducted 7 cents for each dollar. I complained to the manager and he opened the machine and there must have been over $100 in change laying on the floor behind the front cover. he claimed there is a mechanism that sticks if it is not cleaned regularly and dirt mixed coins attribute to it's failure. I was like whatever just give me back my $8 and he did, I never used the machine again

[Quackzilla]

What a freaking waste!!! This guy hordes 5 tons of pennies over 34 years and only nets $14,075.50 (which is about $414/year or $35/month). And then there's the fact that he kept over 1 million pennies from being in circulation, ensuring that the government needed to waste money by minting new ones. Banks were created for a reason, you goober!!! Wish one of those lightning bolts hit him...

He should have invested it in a CD or mutual fund. He would have made an assload of money.

[Kaijufan]

Insane. I dont think I would ever be able to connect that many pennies.

[doraemonkerpal]

I've used coinstar at my local supermarket. After 3 or 4 occasions i felt like I was being shortchanged literally. So I counted out $25 in change dumped it in the coinstar machine and it registered like $17 and then deducted 7 cents for each dollar. I complained to the manager and he opened the machine and there must have been over $100 in change laying on the floor behind the front cover. he claimed there is a mechanism that sticks if it is not cleaned regularly and dirt mixed coins attribute to it's failure. I was like whatever just give me back my $8 and he did, I never used the machine again

same exact thing happened to me! :evil: the machine short changed me about $10 and then charged me their normal fee. i complained and received the difference :)

[wubb]

What a freaking waste!!! This guy hordes 5 tons of pennies over 34 years and only nets $14,075.50 (which is about $414/year or $35/month).

My thoughts were along the same lines. I guess he had fun doing it, but he could have certainly done something more profitable with the time.

And man that is some shady crap with Coinstar. I wouldn't use those machines myself anyway. What ripoffs. If you bothered to count out your change it wouldn't have taken much more effort to just roll it and save the coinstar fee... I I have a good bit of change rolled up. Always mean to take it to the bank but never do :D

[Zenithian Legend]

I think the most change I ever had was about $32 worth that I dumped in a coinstar... well I guess it was more than that, but I got about $32 in the end.

[Limitbreaker02]

Why use coinstar? Just roll your own change. Go to Walmart or Target and buy one of those motorized coin sorters and then a bag full of coin rolls. Probably cost me less than $10 total but that a one-time fee (maybe except for the battery). Much cheaper than having to pay a fee to use Coinstar EVERYTIME.

With the job I have, I receive a lot of change and using those coin-sorters makes things easier and more cost efficient.

[bignick]

What a freaking waste!!! This guy hordes 5 tons of pennies over 34 years and only nets $14,075.50 (which is about $414/year or $35/month).

My thoughts were along the same lines. I guess he had fun doing it, but he could have certainly done something more profitable with the time.

And man that is some shady crap with Coinstar. I wouldn't use those machines myself anyway. What ripoffs. If you bothered to count out your change it wouldn't have taken much more effort to just roll it and save the coinstar fee... I I have a good bit of change rolled up. Always mean to take it to the bank but never do :D

Seriously, he could have busted a nut twice a month at a sperm bank and made more.

[bignick]

Why use coinstar? Just roll your own change. Go to Walmart or Target and buy one of those motorized coin sorters and then a bag full of coin rolls. Probably cost me less than $10 total but that a one-time fee (maybe except for the battery). Much cheaper than having to pay a fee to use Coinstar EVERYTIME.

With the job I have, I receive a lot of change and using those coin-sorters makes things easier and more cost efficient.

my local bank, US Bank counts it for free for me. Of the 3 banks in my town, 2 count change for free.

[Kaijufan]

Why use coinstar? Just roll your own change. Go to Walmart or Target and buy one of those motorized coin sorters and then a bag full of coin rolls. Probably cost me less than $10 total but that a one-time fee (maybe except for the battery). Much cheaper than having to pay a fee to use Coinstar EVERYTIME.

With the job I have, I receive a lot of change and using those coin-sorters makes things easier and more cost efficient.

my local bank, US Bank counts it for free for me. Of the 3 banks in my town, 2 count change for free.
They might charge you if you have $14,000 worth of pennies. :)

[2poor]

now theres a man that loves his pennis

[Trakan]

I think the most change I ever had was about $32 worth that I dumped in a coinstar... well I guess it was more than that, but I got about $32 in the end.

You would have had about 35 bucks, but meh.

The most I've ever had is 20. It didn't last long.

[sblymnlcrymnl]

I've had at least $60 before, but not in pennies.

[SEGA128DC]

I just read that article on Yahoo.

So, did I...

I wonder what's the weight of all those pennies?...

[kaw]

The media is making such a big deal about this. He was just some crazy old coot that eccentrically saved all his pennies. Just think how much more he could have if he invested the money. Even compounding interest on a savings account would have really added up.

Anyone else think pennies should be phased out? Thanks to inflation, they're no longer a useful currency. I think all prices should be rounded to a 10th or 20th of a dollar. Right now I just throw my pennies in a jar, and I bet most of you do the same thing. In fact, if we get rid of the penny we'll be adding millions of dollars to the economy every year since no one will hold on to a useless currency.

[Moxio]

Now THAT is a crapload of change.

[ChrisXE]

now theres a man that loves his pennis

dang i must be sleepy because i swore that said penis

[kaw]

I just read that article on Yahoo.

So, did I...

I wonder what's the weight of all those pennies?...


Yeah, I'm bored so I had to figure it out.

9-11 pennies = 1 ounce (I'll use 10 since it's the median)
1 ounce = 1/16 pound
160 pennies = 1 pound
1,407,550 pennies / 160 = 8797.1875 pounds

Almost 4.5 tons... :shock:

[DigitalSpace]

now theres a man that loves his pennis

dang i must be sleepy because i swore that said penis

Yeah, seems more like a freudian slip than a spelling error. :lol:

I've got a piggy bank that's PACKED with pennies that I've gotta take up to the bank soon. I don't think I have any more room in it.

And yeah, pennies should have been phased out years ago.