Household who discovered 1 million pennies in Los Angeles house have discovered a purchaser

Weeks after capturing the curiosity of your entire nation, a California household’s bounty of 1 million copper pennies has formally modified fingers.

John and Elizabeth Reyes, who found the huge cache of treasured metallic cash within the house that beforehand belonged to Elizabeth’s father, say they’ve accomplished a transaction and the pennies are within the fingers of their new proprietor.

The pennies had been discovered within the crawlspace of the historic Pico-Union house the place Elizabeth’s father, Fritz, lived together with his brother for many years.

Since Fritz handed and his brother moved out, the Reyes household, alongside Elizabeth’s sister, cousin and their spouses, have been cleansing out the 1900s-era house to prep it for renovations.

Whereas cleansing out a crawlspace, the household uncovered bins, crates and baggage of copper cash that Fritz had apparently stockpiled previous to the U.S. switching from copper to zinc pennies.

Fritz and his brother had been German immigrants born in wartime who had seen firsthand what a cloth scarcity seemed like, John Reyes stated. Fritz started accumulating the copper pennies, hoping they’d solely achieve worth over time.

A California household is making an attempt to determine what to do with 1 million pennies found within the crawlspace of a beloved one’s house in Los Angeles in 2022. (John Reyes)

Whereas it was an thrilling discovery, the 1000’s and 1000’s of kilos of pennies proved to be a bit extra of a trouble than the busy members of the family had time for. So John listed them on the market on-line.

Though the entire face worth of the cash was solely about $10,000, Reyes was asking for greater than twice that, hoping {that a} collector or investor is perhaps keen to purchase a lottery ticket within the type of 1000’s of pennies.

Several bags of copper pennies are seen in the car of John Reyes, who discovered 1 million pennies inside the home of his father-in-law in Los Angeles. Reyes said a sale has been made. (KTLA)
A number of baggage of copper pennies are seen within the automobile of John Reyes, who found 1 million pennies inside the house of his father-in-law in Los Angeles. Reyes stated a sale has been made. (KTLA)

Since sharing his story with KTLA, Reyes’ story went viral they usually obtained dozens of affords.

He confirmed to KTLA {that a} purchaser had been chosen and a transaction had been accomplished.

He didn’t specify the entire sale worth or how the customer managed to haul the huge quantity of cash out of their undisclosed hiding place within the Inland Empire.

The unidentified purchaser is a collector, Reyes stated.

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