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3Saints
Penny Sorter Member
USA
55 Posts |
 Posted - 01/30/2010 : 18:08:10
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University of Cincinnati students seek 1 billion pennies
Posted: Jan 26, 2010 7:02 PM EST
CINCINNATI, OH (FOX19) - Students at the University of Cincinnati plan to collect 1 billion pennies to help the school's $1 billion capital campaign.
The program is called "Proudly Pennies."
The university's student government on Tuesday began a campus-wide effort that will continue through the end of the school's fundraising campaign in 2013. The university says a billion pennies is worth $10 million and would stretch 11,837 miles if laid flat.
"We hope proudly pennies gets students and alumni thinking about proudly Cincinnati and motivates the UC family to get involved in the campaign," says UC Student Body President Tim Lolli.
The university says it already has raised $638 million toward its $1 billion campaign goal.
UC President Greg Williams got the student part of the campaign rolling Tuesday by pouring a coffee mug full of pennies into a collection jar. UC trustees also contributed a huge jar with thousands of pennies.
UC's goal is to be the finest urban research university in the country.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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kirkland
New Member
USA
0 Posts |
Posted - 01/30/2010 : 18:32:48
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| I hope they check those pennies for wheats and indians first! |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/30/2010 : 18:46:27
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| If not one of us should |
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3Saints
Penny Sorter Member
USA
55 Posts |
Posted - 01/30/2010 : 20:39:38
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quote:
Originally posted by dakota1955
If not one of us should
I was thinking of the supply side also...alumni...large donor looking for maybe 5k-10k-25k dollars worth of pennies. Massive zinc dump. |
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 01/30/2010 : 20:49:43
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Should we consider this a DUMP or a SOURCE?!?
Anyone got ten mill? |
Come to the new and improved realcent: http://realcent.org
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 01/30/2010 : 20:51:41
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quote:
Originally posted by 3Saints The university says a billion pennies is worth $10 million
It's a good thing we had the university to figure this out for us. Haha |
Come to the new and improved realcent: http://realcent.org
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 01/30/2010 : 21:03:28
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Has anyone given any thought to how the penny supply will be affected in that area and the surrounding areas?
This would be a major disruption in coinage distribution in that area,thus putting pressure on local banks to limit the amount of penny rolls one could receive.
I hope that they will deposit the coins when received so as to avert a shortage.
Just my 2 cents...
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kirkland
New Member
USA
0 Posts |
Posted - 01/30/2010 : 21:16:31
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| I agree, redneck. I'm sure, however, that the banks will have to request a large penny order from the Fed. |
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 01/31/2010 : 09:45:14
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quote:
Originally posted by kirkland
I agree, redneck. I'm sure, however, that the banks will have to request a large penny order from the Fed.
IF that were to happen, then perhaps some of the 2010 pennies will begin circulating in that area. Could be an upside to this.
I wonder how they are going to dispose of them??? Paying someone to roll them? Paying someone to count them for this program? Disposing of them at a fee based coin counter, thus losing money???
Makes one wonder how much of the money will actually be netted for the fundraiser.
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twocents
Penny Collector Member
398 Posts |
Posted - 01/31/2010 : 09:53:23
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| I have 100,000 zincers ready to contribute to the cause/swap. |
Just my two cents! |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/31/2010 : 09:57:53
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I think we have a few members in that area that would be happy to count and sort them for the University. Like PreservingThePast says.. those members may also be the first ones to see the new 2010 pennies.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/31/2010 : 10:48:40
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If you live in Ohio, your percents might go down. With that many pennies going to one location, they might have to order more coin from the FED.
Like PTP and HCBTT mentioned, 2010 and other zincs might start showing up in large quantities. |
You don't have to be the BEST you just have to be.......SLICK
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 01/31/2010 : 11:25:28
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Only a billion???, no problem, but they can only buy them with one oz round of.999 silver.
Hahahahahahah just kidding.....not even the US Mint has that much pennies in stock. |
"If you don't hold it, you don't own it"...Ponce |
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hobo finds
Penny Hoarding Member
838 Posts |
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Be Nice to BankTellers
Penny Sorter Member
USA
77 Posts |
Posted - 01/31/2010 : 18:02:29
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I have a mole on the inside of this operation. Alas, it is not literally one billion pennies. The billion pennies was a headline grabber. Rather, the students are trying to say they can raise 1% of the University's goal of $1 billion.
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Grandpa always told me, "Back in 1964..." I listened.
Selling copper cents @ $2.50/lb. + shipping. |
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 02/01/2010 : 13:48:32
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Quoted from the Proudly Cincinnati site:
"Proudly Cincinnati is now well beyond the halfway mark! $638,598,177"
I wonder how much the pennies idea has done toward that? I can't find a running total there.
I also like this:
"Contributors can also physically drop off their pennies in the Dean’s offices..."
Hahahahaha... Imagine a few of us going to a dean's office and making it impossible to get in or out. Literally. |
Come to the new and improved realcent: http://realcent.org
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 02/01/2010 : 14:26:18
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quote:
Originally posted by Be Nice to BankTellers
I have a mole on the inside of this operation. Alas, it is not literally one billion pennies. The billion pennies was a headline grabber. Rather, the students are trying to say they can raise 1% of the University's goal of $1 billion.
i was going to point out that they would need 100 billion pennies to equal 1 billion dollars. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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1 billion pennies needed >> connections anyone?
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