The E-Sylum:  Volume 7, Number 28, July 11, 2004, Article 8

MILLION CENT FOLLOWUP

  Bob Fritsch writes: "As an interesting sidelight to the Million
  Pennies (OK, cents) article, there was serious discussion on
  the Elongateds discussion group about buying the hoard and
  distributing it among the members.  The hoard was entirely
  bronze cents, and those are highly desirable to the knowledgeable
  elongated collector.  Nobody had the $10K to buy the coins
  though, so the thread died.  The guy finally found a bank that
  would take them at no extra charge."

  The Daily News published a follow-up story on July 8:
  "The frustrated collector of a million pennies found a buyer to
  relieve him of his burden: Vons/Pavilions agreed to purchase
  the coins and donate half to charity.

  After a Daily News story last week about his quandary, the
  Granada Hills resident was deluged with media interview offers
  from around the world and requests for his lowly coppers."

   "When the dust settled, England agreed to an offer from
  Safeway Inc., owner of Vons/Pavilions supermarkets.

  On July 15, Safeway will send out armored cars for England's
  20,000 rolls of coins. They will then be transported to a
  Pavilions in Burbank, which will convert them into cash."

  "One guy wanted to buy a million pennies to pay off his
  lawyer. Another wanted them to pay his federal taxes. A
  woman called to say she needed them to avoid foreclosure
  on her house.

  TV, radio and print media called from as far away as
  London and Canada to cash in on the Granada Hills collection.
  England was even featured on an Iranian radio station."

  Full Article

  Wayne Homren, Editor

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