Wednesday, March 16, 2011

Today's Lesson in Fiat Currency

We were amused by this story from Mira Mesa (San Diego County): a man named Thierry Cahez, upset with his bank, paid off a $6,500 credit card bill in pennies.

Apparently he was turned away by several branches before finding one that would accept the pennies. Of course, depending on how many of those pennies were pre-1982, it's possible that the copper in the pennies was worth as much as 2.5 times the amount he paid. The bank really should have been thanking him.

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