"MILLION PENNY HOARD" SOLD

 

More than a week after capturing the interest of the entire nation, a California family's bounty of 1 million copper pennies has officially changed hands.

John and Elizabeth Reyes, who discovered the massive cache of precious metal coins in the home that previously belonged to Elizabeth Reyes' father, say they've completed a sale for the pennies.

Since first speaking with NewsNation affiliate KTLA, the Reyes' story went viral and they received no less than a thousand offers. John Reyes said he was so inundated with inquiries that many interested parties were left without an answer, their messages forever lost as social media requests and unread mail in his inbox.

There were some people that were legit, bonafide, really good prospects that I had just completely missed, he said. Because of the influx of messages that I received, it was just overwhelming.

But despite not being able to respond to every interested party, he said his family is happy with the person who ended up making the purchase.

A major prerequisite was a desire and ability to actually see the potential of the coins rather than simply their face value.

We wanted to make sure that it was somebody that was going to have genuine interest in the find, John Reyes said.

Although the value of the coins themselves was only about $10,000, the couple was asking for more than twice that, hoping that a collector or investor might be willing to buy a lottery ticket in the form of thousands of pennies.

He wouldn't disclose the final sale price — non-disclosure agreements were a key part of the transaction — but he admitted that his family was more than satisfied with the number.

He said anonymity was a frequent request with the majority of the prospective buyers, many wanting to avoid a media firestorm like the one the Reyes family just experienced.

To read the complete article, see:
Sold! California family sells 1 million pennies found in relative's home (https://www.msn.com/en-us/money/realestate/sold-california-family-sells-1-million-pennies-found-in-relative-s-home/ar-AA1cR5Jw)

To read the earlier E-Sylum article, see:
THE MILLION-PENNY HOARD (https://www.coinbooks.org/v26/esylum_v26n24a31.html)

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