Thursday, July 12, 2012

Q&A: The Man Who Paid Off His Mortgage With 62,000 Pennies - Businessweek

Q&A: The Man Who Paid Off His Mortgage With 62,000 Pennies - Businessweek: "On the day of his 35th wedding anniversary, Thomas Daigle, an optician from Milford, Mass., walked into a local bank to make his final mortgage payment. Instead of carrying a checkbook, Daigle came armed with 62,000 pennies stored in military-grade steel boxes. The total weight was more than 400 pounds.

The idea of paying off his house in pennies has been a recurring joke in the Daigle household for more than three decades. Daigle, 60, has been counting, organizing, and storing the pennies in his basement, diligently wrapping them in paper rolls. Milford Savings & Loan Association, where they were deposited, was apparently pleased with the inundation of change. Remarkably, all the coins had been counted correctly."

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