An LA couple discovered 1 million copper pennies within the crawlspace of an outdated household residence. Now comes the onerous half: Determining what to do with them.

• An LA couple discovered a million copper pennies within the crawlspace of an outdated residence.
• However now comes the onerous half: What on earth are you imagined to do with a million pennies?
• A number of banks have turned them down, and Coinstar costs an 8% payment they do not need to incur.

Discovering a million pennies certain appears like factor.

However for one LA couple, it is introduced on a fair proportion of complications — particularly, in making an attempt to determine what, precisely, you are imagined to do with a million pennies in 2023.

As first reported by LA station KTLA, John Reyes and his spouse have been cleansing out his father-in-law’s residence in Pico-Union, Los Angeles, final 12 months once they chanced upon crates, containers, and outdated financial institution baggage filled with pennies in a decent nook of a basement crawl area. Primarily based on the burden of the discoveries, they estimated they’d discovered at the least a million cash, or round $10,000 in chilly onerous copper.

“Among the banks do not even exist anymore,” Reyes advised KTLA.

Getting the cash out of the basement was troublesome unto itself: They have been so heavy, and there have been so lots of them, that it took hours to get them out of the basement, Reyes advised KTLA. However then got here the subsequent downside: Discovering somebody to take the pennies, that are all copper, not zinc. A number of banks — together with a Wells Fargo department — turned them down, and Reyes and his spouse did not need to pay the 8% Coinstar payment.

Reyes advised KTLA that one financial institution supervisor mentioned they did not even have area for all of the cash of their vault. “Do not carry them right here,” Reyes recounted being advised.

For now, they’ve listed the coin assortment on OfferUp for $25,000, which is greater than twice their worth, per KTLA. They’re nonetheless ready for somebody to specific curiosity in shopping for your complete assortment.

At $25,000, the gathering is costlier than another copper US coin assortment at present obtainable on eBay. The costliest itemizing inside these parameters on eBay proper now’s a $20,000 assortment of varied cash.

Particular person pennies have fetched properly over $100,000 at public sale. In 2018, a uncommon 1972 penny headed to public sale at $1.1 million — greater than 100 million occasions its buying and selling worth, per Barron’s. In 2022, a California public sale home offered 10 pennies for $1.1 million. Every of these cash was greater than 100 years outdated, per Nice Collections, the public sale home that dealt with the sale.

Reyes and his spouse aren’t the primary to stumble throughout main coin discoveries. In 2014, one other California couple discovered $10 million of gold cash buried of their yard. And in 2019, a pair in North Yorkshire, England, discovered $800,000 value of cash below their kitchen ground.

Reyes didn’t instantly reply to Insider’s request for remark exterior common enterprise hours. The American Numismatic Society didn’t instantly reply to Insider’s request for remark.