@@charliemartin5482 , I noticed several wheat pennies just on the top, how much would they be worth if they were all separated? I didn't see any 'steel' pennies either.
Took 5 hours of counting with machine, they changed bags every 20 minutes due to $50 limits of bags... I came up with $750? I think this story is not done properly
As a coin collector i thank this guy for releasing these coins back into circulation for me to find the rare ones! One coin could've been worth the 5000 he got for alllllll of them
JMEJNOVOTNEY Heck yeah, they were being held hostage. The double D, the 1909’s, the 1914 potential. This guy did us a favor. The coins deserve to be free, and in my collection
For perspective, I've been saving Pennies for about 35 years. I have one 5 gallon glass jar, exactly the same size as the guy's jars in this story. It's about 2/3s full. This guy was pretty extreme in his savings.
I'm not even a coin collector, but there's no way he cashed those in and didn't waste at least several dozen high value coins. Some pennies are worth tens of thousands of dollars.
I started saving coins a bit over two months ago and it's definitely fun and addictive. In my case, it's not just pennies, but also nickels, dimes, and quarters. I've been very strategic about how I accumulate them and I roll them each week to keep better track of the progress, and thus far I've been averaging almost $3 a day. At this rate I hope to break $1,000 by the end of the year. If this guy wouldn't have focused only on pennies but also saved nickels, dimes, and quarters, he could've saved up $45,000+ over all those years.
Anonymous Maximus I completely agree! Let’s just hope that he held on to more valuable pennies while he was collecting them along the way (pre-sorting would make sense here).
Could you imagine the counting errors and eaten stuck /jammed coins the machines took. And the counting fee? LOL These machines have been proven to make huge errors in the bank's favor, never the customer's.
wayne pope It would of took him for ever to sort through all those penny’s to see if any of them had more value .To bad they don’t have a penny machine that could detect the ones of great value . I always said you could get rich off of penny’s especially if you have the right ones .
I was in a grocery store several years ago and watched an elderly man pull up in front of the store in a truck with the truck bed completely full of jugs filled with change. He had a couple of male employees unload them and they headed to the Coinstar machine. He said that when he bought the truck he was currently driving he started saving his change so that when it was time to get a new one he could pay for it with his change. Well apparently he new exactly how much he had because he said he had enough to buy one off the showroom floor. I was going to stick around to see how much he ended up with but he had drawn quite a crowd and management of the store was trying to contact their corporate office because they had to pay this out and nobody was sure how much change the coin star machine would accept.
@Afg Tunes A IRA is a retirement account that makes you money with time usually at 7% per year so if you have 100 in the account you will make 7 in a year then the next year you will make 14.4 and so on, in his case he didn't have it in a IRA or a saving account so he didn't have his money compound witch was a bad idea
Jon T For real. But I prefer a Roth IRA over traditional ones because I want to get the taxes over with and pay em now. I also use it for stocks. But this dude messed up big time.
That is great. But, I bet there are pennies in there worth a lot more by the dates on them. This makes me want to save all my change again. Good for him
Robin Bates: well this Guy was a supervisor hope he was smart enough to check before he stored away...but I bet if there are some collectables the bank ain't telling...
Robin Bates :$5000 in 45yrs...i've seen where a guy saved 25 cent pieces and cashed them all in to buy a brand new DODGE Ram...he saved up 25+ thousand dollars after the bank counted he walked out the door with his truck he planned and saved for...
Robin Bates Yes,I was born in one of Scandinavian country but that was the money only for Mississippi river NOT for the world 😁 and it was 1980 Money had diffrent valium World we did the last ,I can say ? 15 years But the point ,it is WORTH IT if you SAFE the penny,Looney, toonies and more and more I do and happy with that AND teach my children the same Thanks for your COMENS 🌹
My mother, who was born in 1927, and grew up during the depression, always picked up every single penny or coin she found. Till the week she died, last year. She would save the money and at the end of the year donate what she had found to a charity. In the days and weeks after her death, i began finding coins on the ground. Late one night within a few weeks of her death i was in a secluded parking lot at night. I had parked under a light pole, and upon return to my car right in front of the driver side door on the ground, was one of those new gold $1 coins. 😇
I've been stashing pennies for a couple years now. It's a shame he didn't sort copper from zink and look through them for Wheaties and key dates. If you can afford $5 a day for 45 years you'll have over 82k
I've got to hand it to him, he is one determined gentleman, I'm sure by the time the counting was done he was called a few less printable names than "Gentleman", lol. Thanks for sharing this with us.
I seriously doubt that.....it's more likely he never had any of the valuable pennies. Most of them were already picked out long before he even started his ''collection''
He neglected all the value of rare pennies. It is surprising how quickly you can go through a 5 gallon jug of pennies to find the old designs and rare metal ones once you get in the swing of it. Probabaly one jug a day. A 2 week project at most for thousands of more extra dollars. He got ripped off.
That's why we are short on pennies, everybody's keeping them! My grandpa had a dresser drawer full of pennies. He said, "If you have pennies, you're never broke.
I feel bad for the dude. Theres alot of rare coins he could’ve cashed in but instead cashed in all those pennies for its actual value. 1 cent. He could’ve made millions.
Richard Johnson I was expecting that he would get back $30,000 or a least $20,000 for 45 years of saving just $5,000 that would kinda be disappointing to me.
Honestly that is alot of money to me me and my mom olny get 700$ a month and our rent every month is 500$ plus electricity is 60$ so for me and my mom 5000$ is alot of money not that many people even get a 1000$ a month
I worked in a used car yard in the early 70's a guy came in every day for a few weeks telling he was going to buy a Valiant we had for sale. One day he asked me to drive him to his apartment to collect the money for the purchase, l did and to my surprise, he had an entire large wardrobe filled to the brim with glass jars full of coins, $1250 worth of them which he had very carefully counted. It took quite a while to load all of them into the car and take to the local bank, given we had no auto machines it took forever for the staff to count the coins. Turns out he was accurate to the cent and drove away in his pride and joy......commitment to a cause
Yeah, and guess who got the collector money for those ole old pennies, some of them possibly worth upward of $20K+ each? The entitiy that needed it the least: that's right, the bank...
Yes, he missed out on those "Rare" million Dollar pennies! "Rare 1943 Copper Penny Said to be Worth $1.7 Million" "Eventually, they decided to use steel to make the pennies in 1943. ... About 40 copper pennies were struck in 1943. One possible reason for this is because the copper plates were accidentally left in a few machines. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more."
The first 1943 copper cent was sold in 1958 for more than $40,000. In 1996, another went for a whopping $82,500. But those sales pale in comparison with the latest: , a dealer in New Jersey sold his 1943 penny for a staggering $1.7 million.
cinerama62 what kind of idiot would buy a penny for that much.. I l know they're are rare, but there really is no point. Kudos to the people who sold their pennies for that much to idiots.
Had my house robbed a few weeks ago.. Had a full water jug like his with pennies also.. Saved for 10 years.. Freaking Lowdown thiefs.. Was my damn neighbors..
When I was a child, over 60 yrs ago, my Mom saved pennies in a quart jar. One winter, Dad's unemployment ran out before spring. He was in construction. She used that jar of pennies to buy groceries. As I remember, it held almost $20. I was able to calculate how much money was in all those water jugs from that.
I did the math, he had $300 in each Zephyrhills water jugs. If he saved nickels $1500 or 22,500 , dimes $3000 or 45,000 and the all might quarter $7,500 and if he had 15 bottles full a whopping $$$67,500 👀. I am way to bored
100% Steve dead on the penny, me and my buddy both said the same thing. No telling what was in there. It said he had been saving them for 45 years. I'm a million percent sure that there had to been a dimond in one of those 50,000 pennies. I think a person could probably examine all of those in about a month or 2
The morale of this story is that the penny isn't completely worthless. So, you can't purchase anything with just one penny, but a whole lot of pennies are worth a lot.
illegal to melt coins for profit since 2006, let alone the expense of melting would only make you loose out on total profit having kept in perfect as can be condition as all pennies before 1983 are 88% or 95% at most, depend son year, knowing this percentage it is easy to evaluate the copper value alone
Most pennies up until sometime 1983 were 95% copper the rest zinc but still Illegal to melt for profit. Its still more profitable in its current state knowing the amount of copper content per year of minting, currently a 95% copper penny is worth three times face value. Some certain mintings are worth much much more.
He was also ripped off in the sense that the bank probably checked for the many rare key date coins easily worth hundreds or thousands by themselves. He could've earned way more if he got someone to check or he looked through them himself.
Banks are not in the business of collecting and determining the value of a coins. How did he get ripped off? If anything he made it a major pain in the ass for Bank employees to process. He should have taken to a coin dealer or even a metal scrap yard would have paid him more. That said. You can't assume he had many rare coins in his collection.
"Anders said he has truly enjoyed looking at his penny collection to the extent that in the 1970s, when the U.S. government offered a $25 bonus for every $100 worth of pennies turned in, he refused to cash in his collection." ... Sooo he could have had $1275 extra if he would have cashed them in then... I guess he showed the government lol
As a coin collector i thank this guy for releasing these coins back into circulation for me to find the rare ones! One coin could've been worth the 5000 he got for alllllll of the
I'm sure that total would have been way more if he sold the wheat pennies for their value instead of counting them as only 1 cent. Some have a value of over a few bucks to a few hundred dollars. Impressive none the less.
stamps briefmarken timbre gabriel.c.l The wheat penny is a classic iconic early 21st century American coin with a face value of 1 cent that was minted from 1909 to 1956. On a personal note we just love searching penny rolls forwheat and indian head pennies. This is what the definition of it is. But they say "one cent" on the back instead of having the white house or whatever building is in the back or the shield of the newer pennies. Some are worth thousands of dollars.
I collect and sell coins,,,,,wow. He did not mentioned if the pennies were searched for additional value? Just one penny could have made him more than 5k,,,very nice collection Sir!
aLl ThAt FoR 5k? 5,000 is actually a good amount of money for a lot of ppl. Just cause you’re making more doesn’t mean belittle someone else’s profit. But y’all white folks can do that since y’all families is ths richest ones lol
Him: It is a God given incentive to always be thankful. Also Him: I proudly stole any penny I found in someones house. God: I wished he hadn't mentioned my name....
In the 1970's my mom was a teller at a bank. An old man came in with a bag of rolled coins and opened a savings account. Later that day she needed some quarters so she took one of the old man's rolls and broke it open. It was all silver quarters! She checked the rest of the coins: Nearly everything was silver, pre-1964. She bought the entire bag from the bank at face value and took it home. There was a lot of silver, most of it very well worn but a few were in good enough condition to be of interest to collectors. As I recall, it was a few hundred dollars face value and we sold it for over $1,000. Side note: In the days when coins were silver, it was common to see coins in circulation from 50-100 years. Some of the coins were from the late 1800's but most were from the early 1900's.
