1 million pennies discovered in California home
California Man Discovers Secret Stash of One Million Pennies
A man from California found a hidden stash of one million pennies worth $10,000 in the basement crawlspace of his late father-in-law’s house. Real estate agent John Reyes, who was cleaning out the house with his family members, discovered the coins in crates, boxes, and dozens of bank bags. They were determined to be copper rather than zinc which was used for pennies in the early 1980s. Initially, the family intended to trade them for usable cash but decided against it. They then found that local banks were refusing to accept the coins. Reyes transported the coins to his Ontario home, 35 miles from L.A., after which he listed them on a resale website for $25,000.
What was the face value of the coins found by John Reyes?
The coins had a face value of $10,000.
Where did Reyes find the coins?
He found them in the basement crawlspace of his late father-in-law’s house in Los Angeles, California.
Why didn’t the family originally want to keep the coins?
At first, they intended to trade them for more usable cash but decided against it.
Why did banks refuse the coins?
Local banks said they did not have enough room in their vaults to store the coins.
What did Reyes do with the coins?
He transported them to his Ontario home after which he listed them on a resale website for $25,000.
California home found to contain one million pennies.
A man from California was going through the home of his late father-in-law when he stumbled upon something unusual – a secret stash of one million pennies. Real estate agent John Reyes and his family found numerous crates, boxes and bank bags filled with copper coins in a crawlspace beneath the Los Angeles abode. The face value of the coins is $10,000, and while the family initially thought about trading them for cash, they soon realised the coins were worth more intact. Reyes listed the coins on resale website OfferUp for $25,000, citing their uniqueness as their value.