Sorry, Abe. It’s All About The Benjamins.
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A penny saved is a penny earned, Ben Franklin once said. Smart man, that Ben - and I guess his sage wisdom has not escaped the minds of my generation. Of course, the lessons learned have been lessons different! Ponzi and I were recording videos yesterday, when she suddenly started talking about one of my bad habits: I throw away pennies because I can’t stand ‘em. She continued to talk, despite live stream hiccups. When the stream came up again, she was finished - so I asked her to repeat it for the live chat’s benefit. It was a bit awkward at first, but we got rolling again quickly.
Depending on how long ago it was, if the pennies were several years old they have more of a copper content and are now worth 3-4 times their face value! Same with quarters made before 1964 that have a silver content. That’s inflation, people… It is indeed 100,000 pennies for $1,000. 100 pennies to the dollar — pretty simple. Assuming that he would throw out 20 pennies a week (probably a high estimate, but still believable) that’s a whopping $10.40 a year. At that rate, it’d take him 96 YEARS to get to $1,000! [shanedk]
2 Comments
Gina B
May 31st, 2007
at 2:29am
The penny story that reverberates in my head every time I see a penny on the ground was that of a multi-millionaire that said he will always bend down to pick up a penny because he never wants to think of himself as ‘too big or too important a person’ to ignore a penny, which to many people may mean so much. So, now, darn it all, even with my aching back, I bend over and grab it…thinking it is a lucky penny because it doesn’t mean that much to me. How is that for backwards thinking? I found this man’s statement humbling, what can I say? :)
warpwiz
May 31st, 2007
at 6:56am
I too, pitch most pennies. I’d like to see the U.S. do away with them and simply round. Frankly, we could do without nickels as well, but I digress..
I’ll pitch them in trashcans, bushes, etc. I figure in a thousand years, alien archaeolgists can use them as time indicators, using the minting date as an estimate of the era. What a service to knowledge!