John Reyes, a California real estate agent, recently stumbled upon a valuable treasure while cleaning out his late father-in-law’s home in the Pico-Union neighborhood of Los Angeles with his wife and her extended family. In the basement’s crawl space, they found dozens of bank bags filled with pure copper pennies, estimated to total around one million. Reyes discovered that his late father-in-law, Fritz, and his brother hoarded these coins during World War II, when pennies were temporarily made of zinc to conserve copper, and kept them for decades. While the family values their find, they don’t have the time to sort through all the coins and prefer to sell the stash for $25,000 on the OfferUp resale site. Reyes believes that some interested party could take the entire collection off his hands, though he’s not sure of the value of the coins. Despite the family’s treasured penny collection, repeatedly carrying one million pennies to a Coinstar wasn’t worth an 8% fee, local banks balked, and even one Wells Fargo branch refused due to space. Interested parties can contact Reyes through Instagram.
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