US couple struggle to bank huge haul of pennies

Logo BBCBBC
2023-06-10 00:07:53  • 2 mins

By Max Matza

BBC News

A couple in California are in for a penny, in for a pound after finding what they estimate to be a million copper pennies in a basement.

John Reyes and his wife discovered bags of the coins while cleaning her late father's Los Angeles home around nine months ago.

The family thought about cashing them in for their $10,000 (8,000) face value, but ultimately held back.

One local bank told Mr Reyes it had no room in the vault to take the coins.

"'Don't bring them here,'" the manager of a Well Fargo branch told him, he recalled in an interview with a local CBS News affiliate.

The discovery came as he was on his hands and knees rummaging through a crawlspace his father-in-law's home in the Pico-Union neighbourhood of LA.

Continue read on bbc.com

FTXs demise and its leaders upcoming trial havent stopped a major lobbying push by the industry this week, but the events have changed its tone....
Logo The New York TimesThe New York Times
2023-09-27 09:02:37  • 2 mins
I pay to have a cousin's grave maintained in London. Earlier this year, I was asked to send 220 to continue this service for the next ten years. I duly...
Logo Daily MailDaily Mail
2023-09-26 20:54:14  • 2 mins
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-27 10:12:04  • 1 min
Children are being lured in to online scam operations in such alarming numbers that schools are holding urgent assemblies to warn pupils as young as nine...
Logo Daily MailDaily Mail
2023-09-26 20:58:45  • 1 min
( Kitco News ) - Gold and silver prices are down and near daily lows in midday U.S. trading Tuesday. U.S. Treasury yields are on the rise and near multi-year...
Logo Kitco NEWSKitco NEWS
2023-09-26 15:44:39  • 1 min
Several factors have made the road to savings arduous for many Americans. The combination of inflation, soaring rates (which impact everything from mortgages...
Logo NasdaqNasdaq
2023-09-26 11:00:28  • 2 mins
CITIBANK tapped the investment-grade bond market on Tuesday (Sep 26) with its first bank-level debt offering in four years as deposits recede from their...
( Kitco News ) - Gold continued to trade near session lows on Tuesday morning after the latest data showed the U.S. housing market declined sharply in August...
Join Gareth Soloway for an action-packed session of the Game Plan LIVE on YouTube, where hell offer a full overview of key charts and data sets across all...
Logo Kitco NEWSKitco NEWS
2023-09-26 11:36:05  • 1 min
In a nation known for its economic prosperity, it may come as a surprise that over 20% of Americans have little to no savings or investments to their name....
Logo NasdaqNasdaq
2023-09-26 12:00:20  • 1 min
( Kitco News ) - Gold prices will continue to be held back by the Feds higher-for-longer policy stance, while silver supplies appear capable of meeting even...
Logo Kitco NEWSKitco NEWS
2023-09-26 16:34:54  • 1 min
THE footage was beamed out to television viewers across Hong Kong early last week: a young man dressed in a black polo shirt, navy blazer and gray trousers...
Logo The Business TimesThe Business Times
2023-09-27 01:46:24  • 1 min
The pound hit a six-month low against the dollar last night as it headed for its worst month since the mini-Budget crisis of last September amid fears of a...
Logo Daily MailDaily Mail
2023-09-26 23:56:25  • 1 min
By Kevin Peachey Cost of living correspondent Working people say they are using credit cards to top up energy meters due to the pressure of high bills. Chidi...
Logo BBCBBC
2023-09-26 23:00:50  • 2 mins
(Kitco News) - Douglas Silver, CEO of Balfour Holdings, says there are too many companies in the gold space, but consolidation is unlikely to happen during...
Logo Kitco NEWSKitco NEWS
2023-09-26 18:09:45  • 1 min
Key Points Texas dominates the U.S. bitcoin mining space, according to data from the world's largest mining pool, Foundry USA. Miners have migrated to Texas...
Logo CNBCCNBC
2023-09-26 13:49:52  • 1 min
BURLINGTON, Vt. (AP) A Rhode Island man has been charged in Vermont with possessing 26 pounds (12 kilograms) of cocaine with the intent to distribute it...
A look at the weighted underlying holdings of the First Trust Nasdaq Bank ETF (FTXO) shows an impressive 29.1% of holdings on a weighted basis have...
Logo NasdaqNasdaq
2023-09-26 14:38:46  • 1 min
JP Morgan's UK bank is banning customers from buying cryptocurrencies following a surge in scammers. Chase, an online bank with more than 1.6 million...
( Kitco News ) - The gold market is trading near a five-week low as the U.S. dollar and 10-year bond yields consolidate at elevated levels; however,...
Logo Kitco NEWSKitco NEWS
2023-09-26 18:12:24  • 1 min