The E-Sylum:  Volume 10, Number 37, September 16, 2007, Article 25

ANOTHER LINCOLN CENT HOARD: TOLEDO MAN HAS OVER 400,000

An article in Tuesday's Toledo Blade profiles an Ohio man and his
hoard of cents.  Check out the steel and bullet-proof glass bank:

"There's no 'penny candy' anymore. The term penny arcade is a misnomer.
Gum-ball machines that decades ago took pennies have long since graduated
to nickels, then quarters.

"So, what's a penny good for these days? By itself, a one-cent piece
surely isn't worth much - they actually cost about 1.7 cents each to
manufacture, according to the U.S. Mint. Some economists and lawmakers
believe we'd be better off without the penny or that pennies should
be made of cheaper metal than zinc and copper.

"But a whole bunch of pennies, now that's a different story.

"Toledoan Ted Grandowicz has an estimated 400,000 of them, weighing
2,700 pounds or so, encased in a bank made of stainless steel and
bullet-proof glass. The longtime tavern owner said the collection
represents a future contribution toward the college education of
two grandchildren, now 15 and 13."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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