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(Milford Daily News)   Hope you don't mind if I give you 62,000 pennies to pay off my mortgage   (milforddailynews.com) divider line 28
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2677 clicks; posted to Business » on 07 Jul 2012 at 2:39 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-07 08:45:11 AM
That's an awesome story.

/w/ helpful pic of the woman who was crippled when the pennies fell on her as she tried to count them.
 
2012-07-07 02:06:29 PM
"Oh, and... keep the change."
 
2012-07-07 02:37:49 PM

Toshiro Mifune's Letter Opener: "Oh, and... keep the change."


"Ya filthy animal"
 
2012-07-07 02:49:25 PM

Jamdug!: "Ya filthy animal"


Hahahaha, and it's Jamdug! with the assist!
 
2012-07-07 02:55:36 PM
620 bucks
 
2012-07-07 03:00:13 PM

Toshiro Mifune's Letter Opener: Jamdug!: "Ya filthy animal"

Hahahaha, and it's Jamdug! with the assist!


Hi 5!
 
2012-07-07 03:09:23 PM

Jamdug!: Hi 5!


And not just any high-five!

The Demolition Man no-contact high-five for futuristic awesomeness!
 
2012-07-07 03:15:24 PM
Pfffft...

I easily have 62,000 pennies at my desk at work.

/Yes, I do have a problem...
 
2012-07-07 03:16:18 PM
Heavy, man.
 
2012-07-07 03:16:21 PM
wow, he saved 2.5 pennies per day and ended up with...

$620. That's what saving for years on end will get you folks!
 
2012-07-07 03:17:29 PM
i291.photobucket.com
 
2012-07-07 04:03:06 PM
I'm sure I'm off on my math...but if it was 62,000 pennies at an avg of 2.5 per day....that means he has been collecting pennies for 24,800 days (62k/2.5), which is just shy of 68 years...
 
2012-07-07 04:57:43 PM
Can't we be done with pennies yet? It's almost enough to make me want to emigrate to Canada.
 
2012-07-07 05:11:57 PM
They are not legal tender. I will not accept. Your payment is late. You owe me more money old man.
 
2012-07-07 05:32:21 PM
What he didn't tell them is they were ass pennies.
 
2012-07-07 06:22:54 PM
At least he gave the bank forewarning, otherwise it would be seen as a dick move.

About as much of a dick move for having a second page for one goddamn paragraph.
What a cheap bastard paper doing that for another pageview and possible ad revenue. (ABP here, so screw your ads.)
 
2012-07-07 09:33:29 PM
No. The bank was gracious enough to put him in house and home. And this is how he repays them?

Sick of all the bank hate. If banks suck so bad, DONT BORROW FROM THEM! When the people trying to sell overvalued assets can't, because nobody is willing to borrow from TEH EVL BANKS, then prices will reset to a normal market level. Otherwise suck it up.
 
2012-07-07 09:51:33 PM

H31N0US: No. The bank was gracious enough to put him in house and home. And this is how he repays them?

Sick of all the bank hate. If banks suck so bad, DONT BORROW FROM THEM! When the people trying to sell overvalued assets can't, because nobody is willing to borrow from TEH EVL BANKS, then prices will reset to a normal market level. Otherwise suck it up.


he did it nicely and properly by having them all rolled for easy counting. Many people who actually HATE the banks just put em all in a garbage back and dump it out. Basically they are acting out their frustrations. This guy? not so much.

Banks are not benevolent entities however and there is a reason to hate many of them.
 
2012-07-07 10:53:19 PM
This is the dumbest "news" story ever.

1. Man collects pennies in a jar.
2. Man goes to bank and exchanges coins for bills.
3. Man makes mortgage payment.

But skip step 2 and it's OMG NEWS!? No. No it isn't.
 
2012-07-07 10:58:34 PM
This is pretty much what passes for big news in my hometown.
 
2012-07-07 11:41:05 PM

PapaChester: They are not legal tender. I will not accept. Your payment is late. You owe me more money old man.


Know how I know you're just making shiat up?

31 USC § 5103 - LEGAL TENDER
United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.


Link
 
2012-07-08 12:39:16 AM
He says his messages to his children have been: "If you say your going to do something, you do it," and "Pennies add up."

I guess he said it exactly like that.
 
2012-07-08 01:45:15 AM
FTFA "So he bought a pair of steel military rocket launcher ammo boxes to hold the pennies."

"by the time he delivered them to the bank he estimated that each box weighed more than 400 pounds"


What a douche.
 
2012-07-08 09:23:50 AM
Would have loved to see the bank employees faces when he rolled in with a bunch of military rocket launcher boxes..

"I'M HERE TO MAKE A DEPOSIT!"

Everyone flees in terror
 
2012-07-08 09:43:09 AM

CreativeFarkHandle: This is pretty much what passes for big news in my hometown.


It's my hometown too... Notice how they mentioned both Milford Federal and Milford National?
 
2012-07-08 10:56:18 AM

windowseat: What he didn't tell them is they were ass pennies.


HAHAHAHAHA
 
2012-07-08 08:46:54 PM
meanmutton

http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-ten d er.aspx

You should have read more this is from the question/answer page.

Question:
I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept currency notes in denominations of $20 or smaller. Isn't this illegal?
Answer:
The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues."

This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.
 
2012-07-08 11:13:19 PM
When I pay off my mortgage, I'm going to write a nice little check, same as I've done for years. Why? Because I'm an adult.
 
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