83,100 penny's deposited

Post what's happening in the coin world. New things you discover or trends in the market. World coin or U.S. Coin release or design changes.

Moderator: Daniel

Message
Author
mylcoinintx
Coinasieur
Posts: 107
Joined: Sun Jul 25, 2010 5:17 pm
Been thanked: 1 time

83,100 penny's deposited

#1 Unread post by mylcoinintx »

On Friday, 16th of January, a gentleman cashed in his saving up of penny's from 1950 to present. It took over an hour to count them through a coin counting machine. Total amount was $831.00. This took place at the Prosperity Bank in a small town of Slaton, Texas. I wonder if Loomis will wrap these coins to be distributed in the area or go through the coins to check them. Many coin collector's in this area will be on the lookout for these coins, including myself. We are just 15 miles away from that town. So, look out coin world.....

PetesPockets55
Forum Supporter
Forum Supporter
Posts: 1843
Joined: Sat Sep 21, 2013 6:08 pm
Has thanked: 86 times
Been thanked: 25 times

Re: 83,100 penny's deposited

#2 Unread post by PetesPockets55 »

:thumbsup: Don't wait for them to come to you, you should go to the "mountain"! Certainly would get the adrenaline flowing tho, to come across some of those rolls. Bet someone has probably already been to the bank and gotten them!

Let's see now. About 150 pennies to the pound would make that about 554 pounds of cents. Yowser!

mylcoinintx
Coinasieur
Posts: 107
Joined: Sun Jul 25, 2010 5:17 pm
Been thanked: 1 time

Re: 83,100 penny's deposited

#3 Unread post by mylcoinintx »

I will be at the bank when it opens and I'm sure i won't be the only one. The news didn't get out before the bank closed. Hopefully Loomis didn't come yet. Being a holiday weekend, we're hoping they won't make a special run. I will let everyone know if i'm successful in buying up all the penny's. That will be a :greatfind:

User avatar
Daniel
Administrator
Administrator
Posts: 14523
Joined: Wed Jan 28, 2009 4:59 pm
Location: Ohio
Has thanked: 203 times
Been thanked: 421 times
Contact:

Re: 83,100 penny's deposited

#4 Unread post by Daniel »

:cool:

mylcoinintx
Coinasieur
Posts: 107
Joined: Sun Jul 25, 2010 5:17 pm
Been thanked: 1 time

Re: 83,100 penny's deposited

#5 Unread post by mylcoinintx »

Well, we can kiss those coins good-bye. The Feds came in and picked them up. I didn't know that they have nothing better to do than look at coins....

PetesPockets55
Forum Supporter
Forum Supporter
Posts: 1843
Joined: Sat Sep 21, 2013 6:08 pm
Has thanked: 86 times
Been thanked: 25 times

Re: 83,100 penny's deposited

#6 Unread post by PetesPockets55 »

:swear Feds! Maybe next time!

User avatar
Daniel
Administrator
Administrator
Posts: 14523
Joined: Wed Jan 28, 2009 4:59 pm
Location: Ohio
Has thanked: 203 times
Been thanked: 421 times
Contact:

Re: 83,100 penny's deposited

#7 Unread post by Daniel »

Why would they do that? He should have took them to a coin dealer.

User avatar
Paul
Master Die Variety Examiner
Master Die Variety Examiner
Posts: 6726
Joined: Wed May 29, 2013 9:19 pm
Location: Wisconsin
Has thanked: 118 times
Been thanked: 375 times

Re: 83,100 penny's deposited

#8 Unread post by Paul »

O.K. I give...

:dunno why would the feds want these? :dunno
C.O.N.E.C.A. Wi State Rep
Fly-In Club Wi State Rep

User avatar
Daniel
Administrator
Administrator
Posts: 14523
Joined: Wed Jan 28, 2009 4:59 pm
Location: Ohio
Has thanked: 203 times
Been thanked: 421 times
Contact:

Re: 83,100 penny's deposited

#9 Unread post by Daniel »

Are you sure it just wasn't an armored car that picked all of them since the bank had no use for all of them.

mylcoinintx
Coinasieur
Posts: 107
Joined: Sun Jul 25, 2010 5:17 pm
Been thanked: 1 time

Re: 83,100 penny's deposited

#10 Unread post by mylcoinintx »

My wife works for a bank. She said that the Feds love to come in anytime there is a way to get their hands on rare pieces of money. Since they are Feds, they can come into any bank, at anytime, and pick up all the money that they think will be a good find. Otherwise, all the bank has to do is give all the bank deposits to Loomis, and they take it to a depository. I would of given the guy twice the price that the bank gave him. Apparently, some people don't realize what they have. My wife warned me, but I didn't really think that the Feds would stoop so low......

Post Reply