At sometime in my ramblings, whether it was here or in a note on Face Book, I mentioned one habits of the extremely wealthy. And that is, if they see a penny lying on the ground, they never pass it by as worthless change. That they see the value in it and knows that 100 of these things make a dollar, and invested correctly and wisely a person can get a penny to make money for them. Just ignoring it as 1/100 of a dollar does not occur to them. However to many of us 1/100 of a dollar is just TOO small an amount of money to waste the time on stopping, bending over and picking it up. We have more important Stuff to do and must hurry to wherever it is we are going , in order to make, spend or save 100/100 of a dollar.
Well let me tell you how you can make a bundle of money on these lone pennies. If you do it right you will make a fortune. If you do it wrong you can still end up with 1/100 of a dollar providing you with up to five years of free room and board. Yes, my friends that that’s 1 single penny for five years of free room in board. Doing nothing will result in getting nothing.
So let me, for not cost no obligation tell you of how your life can be changed for Pennies.
OPTION #1: Find a penny on the street. Take to the bank and open a savings account. For each penny you find make a trip to the bank and deposit it in you account. In only 100 trips to the bank your savings account will have $1.00 in it earning interest of, oh maybe 2% per and at the end of one year, having done more than invest a dollar you will have $1.02. This means that you will have earned 2 pennies in one year for finding 100 pennies, making 100 trips to the bank. WOW, that $1.00 went to work for you and you get 2 pennies without having to do anything. However, since you didn’t maintain a minimum balance in your account for a year you get charged a $10.00 service charge.
OKAY THAT DIDN’T WORK – IT IS MUCH BETTER IF OPTIONS #1 IS DONE WITH QUARTERS!
OPTIONS #2: From 1909 to 1982 one penny contained 95% Copper. (Except 1946). Each Penny weighs 3.11 Grams (except in 1946 2.11 grams). If we had a roll of pennies, or fifty pennies the total weight would be (after conversion to ounces) 5.486 ounces. Three rolls of pennies would be 16.458 ounces which is a little over a pound. Considering that these three rolls of pennies contain 95% Copper, we end up with 15.635 ounces of copper. (For this example I used only pennies from 1909 – 1982 and have excluded any pennies from 1946).
So 150 Pennies ($1.50) is equal to 15.635 ounces of copper.
On Feb 24, 2011 market value of copper closed at $4.436 per pound.
Therefore – (do the math) our $1.50, 15.635 ounces of pennies, is worth $4.34 if sold as scrap metal.
So instead of putting them in a savings account and earning $0.02 in a year you could earn $2.84
That’s a 189% Return on you investment.
Pennies equal to $15.00 would create a profit of $28.40
Pennies equal to $150.00 would create a profit of $284.00
It wouldn’t take long or much effort to become one of the wealthiest person in the world, just because you decided never to pass up a lone penny in the street.
And that is the reason the Federal Government decreased the Copper content of Pennies in 1983.
Option #3: The Free Room and Board Option. The following is the procedure to follow for Five Years of Free Room And Board:
Title 18 United States Code, Section 331
Whoever fraudulently alters, defaces, mutilates, impairs, diminishes,
falsifies, scales, or lightens any of the coins coined at the mints of
the United States, or any foreign coins which are by law made current
or are in actual use or circulation as money within the United States;
Whoever fraudulently possesses, passes, utters, publishes, or sells,
or attempts to pass, utter, publish, or sell, or brings into the
United States, any such coin, knowing the same to be altered,
defaced, mutilated, impaired, diminished, falsified, scaled, or lightened –
Shall be fined under this title or imprisoned not more than five years, or both
And that’s today’s tips on Becoming Financially or Federally Secure!