[interestrateripoff]

I'm currently putting all the money I find on the street in a jar and paying it off my mortgage.

Today was the first time I've got £1 in 2p so I've been and paid it off, along with 80p in 10p.

So far I'd paid off £3.50 in pound coins and 50ps. Although that was really £3.52 as I found another 2p on the way to the bank to pay it in.

Not filled the 1p bag yet and I'm probably about £3 short of 5ps.

Obviously I'm also overpaying by larger amounts but every penny counts.

Over the length of the mortgage all of these pennies will add up.

Although the wife does think I'm a bit insane and I don't think she'd take the pennies into the bank.

Over the lifetime of the mortgage I expect to pay off several hundred pounds this way.

[darwin]

interestrateripoff, on Jul 4 2009, 01:21 PM, said:

I'm currently putting all the money I find on the street in a jar and paying it off my mortgage.

Today was the first time I've got £1 in 2p so I've been and paid it off, along with 80p in 10p.

So far I'd paid off £3.50 in pound coins and 50ps. Although that was really £3.52 as I found another 2p on the way to the bank to pay it in.

Not filled the 1p bag yet and I'm probably about £3 short of 5ps.

Obviously I'm also overpaying by larger amounts but every penny counts.

Over the length of the mortgage all of these pennies will add up.

Although the wife does think I'm a bit insane and I don't think she'd take the pennies into the bank.

Over the lifetime of the mortgage I expect to pay off several hundred pounds this way.

Could be a shrewd move.

My grandmother got a hefty fine for not having a TV Licence. She started paying off the fine in a similar manner, 87p one week, then maybe £1.32 the next week, 43p the week after. Always a different figure.

In the end they got so tired of her ass they just wrote the fine off themselves.

[Fishman]

interestrateripoff, on Jul 4 2009, 01:21 PM, said:

I'm currently putting all the money I find on the street in a jar and paying it off my mortgage.

Today was the first time I've got £1 in 2p so I've been and paid it off, along with 80p in 10p.

So far I'd paid off £3.50 in pound coins and 50ps. Although that was really £3.52 as I found another 2p on the way to the bank to pay it in.

Not filled the 1p bag yet and I'm probably about £3 short of 5ps.

Obviously I'm also overpaying by larger amounts but every penny counts.

Over the length of the mortgage all of these pennies will add up.

Although the wife does think I'm a bit insane and I don't think she'd take the pennies into the bank.

Over the lifetime of the mortgage I expect to pay off several hundred pounds this way.

You should have posted this on the 'mundane' thread.

[dr ray]

interestrateripoff, on Jul 4 2009, 01:21 PM, said:

I'm currently putting all the money I find on the street in a jar and paying it off my mortgage.

Today was the first time I've got £1 in 2p so I've been and paid it off, along with 80p in 10p.

So far I'd paid off £3.50 in pound coins and 50ps. Although that was really £3.52 as I found another 2p on the way to the bank to pay it in.

Not filled the 1p bag yet and I'm probably about £3 short of 5ps.

Obviously I'm also overpaying by larger amounts but every penny counts.

Over the length of the mortgage all of these pennies will add up.

Although the wife does think I'm a bit insane and I don't think she'd take the pennies into the bank.

Over the lifetime of the mortgage I expect to pay off several hundred pounds this way.

Look under park benches and underneath where they chain up the supermarket trolleys. I've often found £1 there.

Also worth dredging ornamental pools in public places as people seem to throw coins in them for some reason. Take the kids with you with a fishing net and pretend you don't realise they are doing it. The cost of the net will pay for itself in minutes and the kids will think you are a great dad for buying it for them.

[Dopamine]

dr ray, on Jul 4 2009, 02:19 PM, said:

Look under park benches and underneath where they chain up the supermarket trolleys. I've often found £1 there.

Also worth dredging ornamental pools in public places as people seem to throw coins in them for some reason. Take the kids with you with a fishing net and pretend you don't realise they are doing it. The cost of the net will pay for itself in minutes and the kids will think you are a great dad for buying it for them.

No offence, but do you do rounds?

[BigPig]

You should start a video blog featuring all the interesting places you have found coins. In the coming dark days ahead, you may become a national celebrity and an inspiration to millions of others.

[Grrrr I'm a tiger]

http://www.telegraph.co.uk/news/1394783/Go...-man-freed.html

[crashologist]

Just keep your eyes open for them undated 20p pieces and your mortgage will be paid off in no time.

[interestrateripoff]

hotairmail, on Jul 4 2009, 03:18 PM, said:

http://www.telegraph.co.uk/news/1394783/Go...-man-freed.html

Excellent, I'll have to flog the golf balls at a car boot.

crashologist, on Jul 4 2009, 03:35 PM, said:

Just keep your eyes open for them undated 20p pieces and your mortgage will be paid off in no time.

I wonder how many of them are sat in banks. It could sort out there need for capital.

They could even rig an auction on ebay and get the bidding up to £100m for a coin and then claim all coins are worth said out suddenly they have all the capital they need for regulation requirements.

[interestrateripoff]

darwin, on Jul 4 2009, 01:42 PM, said:

Could be a shrewd move.

My grandmother got a hefty fine for not having a TV Licence. She started paying off the fine in a similar manner, 87p one week, then maybe £1.32 the next week, 43p the week after. Always a different figure.

In the end they got so tired of her ass they just wrote the fine off themselves.

Perhaps I should just take each coin in as I find it to pay down the debts then? That could be an interesting tactic I wonder at what point the bank would send me a letter if I kept paying it off that way.

They can't refuse legal tender can they?

Perhaps everyone on HPC should join in and see what happens with thousands of people paying a penny off the mortgage each time.

Just found 3p more in the park.

[dr ray]

Dopamine, on Jul 4 2009, 02:26 PM, said:

No offence, but do you do rounds?

Not sure what you mean - Ward Rounds?

I use to. Patients often kept loose change on the bedside cabinet to pay for a newspaper and if you were sly enough you could slide the coins into your white coat during the ward round while no one was watching.

Why do you ask? Did you lose change?












I am joking-really

[interestrateripoff]

Just paid off £1 in 1p and £1 in 2p that the wife had collected up.

Ended up paying £12.40 in total, £10 was interest from my reward account.

Once I can find out how to set up a paying from by online bank account I can then start to transfer the small amounts of interest from that to my mortgage.

They wouldn't accept my 5p as I hadn't got enough to fill a bag, and I was 2p off being able to give them another bag of 1ps.

Every little helps.

[dr ray]

happy?, on Jul 4 2009, 04:27 PM, said:

Bizarrely there's one on eBay for £100,000 - those in the know will get an EF one for about £25 - £30. When the bidding goes beyond £200 you know you're dealing with idiots. Mules are common, asses herd on eBay.

I noticed ordinary circulated shield type 20ps being sold on ebay - one went for £6 on 1st July
The seller said the date was on the front and made no claim it was rare or unusual but presumably the buyer thought having a date on the front made this a valuable coin.
Many ordinary 20p coins still for sale on ebay

One born every minute