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A Man Walks into a Bank… and Pays off his Mortgage with 62,000 Pennies

Some people say they are redundant coins but one Massachusetts man proved that a penny can still go a long way – if you have enough of them, that is.

Thomas Daigle, of Milford, paid off the last installment of his mortgage with one cent coins, fulfilling a promise he made when he bought the house he and his wife Sandra bought in 1977.

He phoned ahead to warn staff at Milford Federal Savings and Loan Association, telling them he would be dropping off about 62,000 pennies weighing 800 pounds for his final payment.

The bank was ‘100 per cent for it,’ he told The Milford Daily News, adding that he just wanted to make his last payment on April 24 ‘memorable’.

Some people say they are redundant coins but one Massachusetts man proved that a penny can still go a long way - if you have enough of them, that is. Thomas Daigle, of Milford, paid off the last installment of his mortgage with one cent coins, fulfilling a promise he made when he bought the house he and his wife Sandra bought in 1977.

‘It was something I wanted to do,’ he said. ‘I always follow through. I was just praying I didn’t die first.’

Daigle started saving his pennies when he moved into the home, gathering an average of 2.5 per day.

On bad-weather days he would sort them into rolls of 50 and store them in steel military rocket launcher ammo boxes.

The optician says his wife of 35 years laughed whenever he would pick up a penny he found on the ground and say it was going to the mortgage.

Daigle said he is just glad to have the coins out of his house. He still picks up stray pennies off the street but now takes them to coin sorting machines instead.

‘I’m too old to pick up those boxes of pennies,’ he said, adding that he has replaced his hobby with creating a garden in the backyard.

Source: The Daily Mail

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Posted by on July 6, 2012. Filed under Business News,Slider. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.