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Jul 8 - Man Cashes in 1.4 million Pennies



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 07-08-2005, 02:32 AM         #1
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Jul 8 - Man Cashes in 1.4 million Pennies
 

 
Edmond Knowles started saving pennies 38 years ago. He was storing them in four 55-gallon drums and three 20-gallon drums - nearly 1.4 million in all.

Knowles, who runs a gas station, cashed them in Wednesday, pocketing $13,804.59 after they were counted. "It's just something that happened," he said. "I started so long ago that I don't even remember why. Customers would come by and say: 'Ed, throw these in your drum'."

Coinstar Inc., a company that maintains coin-counting machines in banks and supermarkets, said Knowles' 1,380,459 pennies breaks the record of 1,048,013 previously held by Eugene Sukie of Barberton, Ohio.

Coinstar spokesman George White said the company's research and U.S. Census data indicate that coins worth more than $10 billion are sitting idle in American homes. White said the amount collected by Knowles is about the same amount that passes through a person's hands over the years. "Ed just took the time to close his hand," said White.



 http://apnews.myway.com/a .. D8ATI44G0.html



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