Posted on 07/06/2012 8:21:41 PM PDT by Olog-hai
He says it became an obsession, but a 35-year-old dream became a reality for a Milford man as he paid off his mortgage with pennies.
“It started out as a joke,” says Thomas Daigle. “I said I’m going to pay the last mortgage payment off on this place in pennies.”
Thomas Daigle says he was looking for a hobby during those long rainy and snowy afternoons in Milford. So he started counting his change and rolling his pennies. …
On his 35th wedding anniversary, Daigle and his wife Sandra walked into Milford Federal Savings and Loan and paid off their mortgage with over 800 pounds of pennies. …
(Excerpt) Read more at boston.cbslocal.com ...
Yeah, who needs customers?
The last “wheaties” were made in 1958, copper cents were made until 1982, since then they are copper clad. I still wouldn’t want to look through them to find the pre 1983 ones, it would be even harder than looking for wheaties.
Please: NO profanity, NO personal attacks, NO racism or violence in posts.So whence thy blanket judgment, O Wise One?
Imagine how much interest he could have saved and paid off the mortgage early if he hadn’t been acting a fool.
Aren’t US pennies made of copper-plated zinc?
How much do you know about his mortgage terms, and what kind of terms were available back in 1977?
With coin counting machines it would have taken about 40 minutes to count those if they were brought in loose and a bit longer if they were brought in rolled because each roll would need to be broken open.
Now THAT'S funny!!!
Seems like sour grapes because HE paid off his mortgage.
Years ago, I knew a guy in Houston who did something similar with his child support. ‘cept he added a little sand and motor oil to the pennies. I don’t remember the number of days he served in jail. Needless to say, the judge wasn’t pleased!
I also have several hundred pounds of pennies, even if I melted it all down into ingots which I can the mixed zinc and copper would still be worth more, and thats at todays prices, possibly more in the future. My scrap copper bin has enough copper to mix in that the price deduction for the minor amount of zinc is minimal.
If one of those pennies turns out to be canadian, whoops, foreclosure.
Stop making cents.
Upon noticing the disgusted look on the face of the bank employee, the former mortgage holder inquired- “A penny for your thoughts?”
Yes, but pennies made since 1983 or so are only copper plated. I think the bulk of the penny is zinc.
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