2 ms·
They Found a Million Pennies. Now They Need Someone to Take Them
- turtleyacht 3y agoA million pennies is US $10,000.
- valrix 3y agoEven if they're all "old" pennies with $0.02 worth of Copper, you can't legally melt them down. This means they're still just worth a cent, and like turtleyacht pointed out, that's only worth $10,000. Nobody is going to pay 2.5x times the price for some really old pennies found in a random basement. Especially since that's around 5,500 lbs of coins to move!
- fortran77 3y agoAnd nobody will beleive that they haven't been inspected for "rare" pennies. (Also, most rare pennies are only worth something if uncirculated or in very good condition.) Someone may pay _slightly_ over face value for the bank bags that are still sealed.
- FloatArtifact 3y agoFind a really scummy business that has a decent product worth about $10,000. Purchase the product in person with 1 million pennies. They are required to accept legal tender by law.
- fortran77 3y agoNo they aren't. https://www.federalreserve.gov/faqs/currency_12772.htm https://www.federalreserve.gov/faqs/currency_12772.htm
- FloatArtifact 3y agoWell thank you for enlightening my knowledge of federal law on this regard. Clearly I was misinformed.