During house cleaning, a man finds a million pennies
A California family that has found themselves in an unusual predicament is trying to decide what to do with more than 1 million pennies that were found in their late father-in-law's former home. In the basement of the old Pico-Union property, Inland Empire realtor John Reyes and his wife discovered the sizable collection. Crates and boxes holding countless bank bags packed with pennies accumulated over the years were found when they painstakingly cleaned the house, which had been inhabited by Fritz, John's father-in-law, and his brother.
The family understood the importance of the discovery. Fritz, a diligent German immigrant, had predicted the worth of copper pennies as an investment for future generations. It has been a laborious process, but the family saw it as a way to preserve Fritz's memory and get the house ready for improvements.
But when they realized they were dealing with an excessive number of pennies, a sudden problem developed. The family calculated that there were at least 1 million pennies in all the bags, each of which weighed several pounds. When considering their choices, they at first thought of employing a Coinstar machine but quickly dropped the thought due to the price and the impracticality of transferring such a big amount of coins. Due of the amount, when they approached other banks in Los Angeles, they were faced with resistance and skepticism.
The family was unfazed and determined to return the pennies to Ontario, where they were born and raised, but they ran across more difficulties. Additionally, their neighborhood bank declined to take the pennies in whole and advised them to sort through the collection in quest of priceless rarities. The family had previously put in a lot of time and effort into cleaning the house and managing the pennies, but they were intrigued by tales of valuable coins coming discovered unexpectedly. They wanted to transfer the duty while making sure that the special opportunity the pennies offered was fairly compensated.
John Reyes put the coins up for sale on OfferUp, an online marketplace for resale, with a $25,000 asking price in an effort to locate a suitable buyer. If true, this amount is greater than the face value of the pennies, making it a tempting offer. Partial offers have been made to them, but nobody has yet expressed interest in buying the complete collection. The family is steadfastly pursuing the value of the pennies and preserving Fritz's plan for future prosperity.
Fritz and his brother, portrayed as resilient people influenced by their experiences as "war babies," knew the value of metals and resources. Fritz, a respected butcher who worked in Hollywood, used to trade his paychecks for copper pennies, hoping for a future rise in value. John Reyes is committed to making sure that his family's hard work pays off even after Fritz passed away, even if doing so presents difficulties along the road. Fritz's dedication to his family survives.
John Reyes and his family are accepting offers from anyone who has the resources, the drive, and the optimism to do so. However, any potential buyer would have to think about how they would move the huge amount of pennies.
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