pennies – News Stories About pennies - Page 2

Jul 6, 2012 12:06 PM CDT

Couple Pays Off Mortgage in Pennies

Massachusetts man had been saving them for 35 years

(Newser) - A man who pledged for decades to make the last mortgage payment on his home with pennies has made good on his promise. After warning his bank, Thomas Daigle of Milford, Mass., dropped off about 62,000 pennies weighing 800 pounds in two boxes for the final payment on the...

Let's Switch to Dollar Coins, Ditch Pennies and Nickels

Let's Replace
Dollar Bills
With Coins

OPINION

Oct 14, 2011 2:24 PM CDT

Let's Replace Dollar Bills With Coins

And while we're at, it's time to ditch pennies, too: Los Angeles Times

(Newser) - Here's a quick way to cut government spending: Stop making one-dollar bills. Switching to coins could save us some $5.5 billion over 30 years, write the editors of the Los Angeles Times . That's the lifespan of a coin, while a paper dollar lasts only 3 years. Want...

Man in Trouble After Paying $25 Bill With 2,500 Pennies

Jun 6, 2011 10:09 AM CDT

Man in Trouble After Paying $25 Bill With 2,500 Pennies

Move may cost Jason West an extra $140

(Newser) - A Utah man was cited for disorderly conduct after he paid a disputed medical bill—because he happened to settle his tab with 2,500 pennies. Though Jason West did ask clinic workers if they accepted cash, they probably weren't expecting him to dump an avalanche of coins on...

Man Pays Back Taxes in Pennies

Aug 13, 2010 12:08 PM CDT

Man Pays Back Taxes in Pennies

He had to visit 10 banks to do it

(Newser) - The city of Hartford got its most annoying tax payment ever yesterday, when a man showed up with a hand truck full of more than 30,000 pennies. Brian Kiros was furious over his $301.76 tax bill: He’d moved to Vermont a year and a half earlier but...

Penny, Nickel
Overhaul Makes No
Sense to Many

May 10, 2010 5:30 AM CDT

Penny, Nickel Overhaul Makes No Sense to Many

Many resistant to changing small change

(Newser) - President Obama's plan to save $100 million a year by making pennies and nickels from cheaper material may seem like a no-brainer, but the idea of changing the country's small change isn't an easy one to swallow for some. Laundromat owners, zinc lobbyists, and the many Americans who mistakenly believe...

Paulson Wants to Toss Pennies

Feb 29, 2008 4:15 PM CST

Paulson Wants to Toss Pennies

Costs outweigh value of small change, but government has no plans to cash out

(Newser) - Henry Paulson sees little point in pennies and would stop their production if he could, the AP reports. “The penny is worth less than any other currency,” the Treasury Secretary said today in a radio interview. But a sea change in change isn't imminent: Paulson says he...