This is what 1 million pennies looks like.
1 million pennies is a total of 10 000 dollars and weights about 2.3 tons.
An interesting fact about pennies is that because of the falling dollar 1 penny is actually worth more when sold as metal as opposed to its nominal value. The US government passed a special law that says it is illegal to sell pennies as metal.
If it would be legal we wouldn’t soon have any pennies left… (For most people that would be a good thing but for some reason the government thinks they are important)
PS! If you have noticed that the amount of posts has dropped a bit recently it is because I am actually on a inflatable boat trip with some of my friends and the articles appearing here in FinancialJesus.com have been written before the trip and are automatically scheduled for release by Wordpress!
Paying the bills!
Enter your email to subscribe to our future posts:
Loading ...
{ 7 comments… read them below or add one }
That looks pretty cool…what are the dimensions of that case and what does the plaque say? I don’t have $10,000 to change in to pennies, but if I did I probably wouldn’t do that with it….interesting how they are worth more as metal than currency huh?
FYI, it is a Holocaust memorial housed in a JCC, not sure where. I don’t know the dimensions, but there is a picture of a person standing next to it at http://www.kmoser.com/onemillionpennies/
Thanks! There seems to be some nice extra pictures over there!
Hmm yes, the fact that pennies are worth more as metal than they are as pennies just gave me an idea – we should export pennies to Mexico or Canada and sell them as metal. I doubt that they have laws against that in other countries….
I wonder if there are laws against exporting significant amounts of currency or anything like that….
…or maybe something about intentions
I think there are – I have traveled quite a bit and crossing the border you are always required to declare your money if you have more than a certain amount with you.
I think these laws are in place because of money laundering.
That figures…I’m not sure I would feel quite right about doing something like that anyway, you know; morals, ethics, etc…all that stuff that doesn’t go so well with trying to get rich