Press-Republican

FYI...

October 26, 2012

Kentucky church cashes in a million coins

ASHLAND, Ky. — It started with a sermon about the value of a penny, and ended this week when three tons of them were delivered to a bank.

The Rev. Jim Varney, with the help of the Grayson Freewell Baptist Church and others, delivered one million pennies to a local bank.

The two-year effort netted $10,000 and a valuable lesson about the power of perseverance. Varney said the message of his sermon was that things like pennies might seem worthless and insignificant when there’s only a few of them, but they can add up to a lot.

The fact the goal was reached was all the more rewarding because about six months into the project, the church was burglarized and the approximately $500 in pennies that had collected were stolen.

The burglars were caught and order to make restitution, but not in pennies.

Cashing in that much change presented a logistical problem. A bank agreed to take the coins but asked that they be taken to various branches for counting. Transporting the many, many sacks of money also required the teamwork of a small army.

A bank spokesman said the money would be stored in a vault and then sent to the Federal Reserve.

Varney said the $10,000 would be deposited in the building fund and used to refurbish the steeple of the church, which was built in 1976.

Varney said Grayson Freewill Baptist would next try to amass 10,000 $1 bills, a task he doesn’t think will be as difficult as working with pennies. “Dollars are a lot easier to handle than pennies,” he said.

---

Details for this story were provided by The Independent in Ashland, Ky.

1
Text Only | Photo Reprints
FYI...
  • Why do wolves howl?

    Of all the myths that dog the wolf, none is more widely accepted than the idea that wolves howl at the moon. Images of wolves with their heads upturned, singing at the night sky, are as unquestioned as a goldfish's three-second memory or a dog's color-blindness (both also myths).

    April 24, 2014

  • treadmill-very-fast.jpg Tax deduction for a gym membership?

    April marks another tax season when millions of Americans will deduct expenses related to home ownership, children and education from their annual tax bill. These deductions exist because of their perceived value to society; they encourage behaviors that keep the wheels of the economy turning. So why shouldn't the tax code be revised to reward preventive health?

    April 23, 2014 1 Photo

  • Teens trading naked selfies for mugshots

    Will teenagers ever learn? You think yours will. Maybe so. But it's likely that was also the hope of the parents of children who were so shamed by nude photos of themselves that went south - how else can they go - that they killed themselves.

    April 22, 2014

  • Boston doctors can now prescribe you a bike

    The City of Boston this week is rolling out a new program that's whimsically known as "Prescribe-a-Bike." Part medicine, part welfare, the initiative allows doctors at Boston Medical Center to write "prescriptions" for low-income patients to get yearlong memberships to Hubway, the city's bike-share system, for only $5.

    April 21, 2014

  • Why Facebook is getting into the banking game

    Who would want to use Facebook as a bank? That's the question that immediately arises from news that the social network intends to get into the electronic money business.

    April 19, 2014

  • DayCareCosts.jpg Day care's cost can exceed college tuition in some states

    Most parents will deal with an even larger kid-related expense long before college, and it's a cost that very few of them are as prepared for: day care.

    April 18, 2014 1 Photo

  • Millions of Android phones, tablets vulnerable to Heartbleed bug

    Millions of smartphones and tablets running Google's Android operating system have the Heartbleed software bug, in a sign of how broadly the flaw extends beyond the Web and into consumer devices.

    April 17, 2014

  • Stepping forward: The real Colbert

    Letterman changed the late-night TV game between his run on NBC's "Late Night" and starting the "Late Show" franchise in 1993. And while it's tough to replace a pop-culture icon, Colbert, in terms of pedigree and sense of humor, makes the most sense.

    April 16, 2014

  • news_twitter.jpg Travelers fly on Air Twitter

    The enlightened age of social media has dawned over the airline industry, casting shadows over telephone call centers and on-site agents. Facebook and Twitter are racking up the friends and followers while the hold music plays on.

    April 15, 2014 1 Photo

  • 297px-Starbucks_Corporation_Logo_2011.svg.png Why Starbucks won't recycle your paper coffee cup

    When you drop that used white paper cup into the bin next to the door at a Starbucks, have you done your part to save the planet? Starbucks has long hoped that you would think so. After all, there's no better way to attract an affluent, eco-conscious clientele than to convince customers that your disposable product is "renewable."

    April 14, 2014 1 Photo

Videos: Editor Picks