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A penny saved is a penny blogged…

By Brian | December 12, 2008 | Share on Facebook

Still putting away some final items from the big House Renovation, and I came upon this, which seemed oddly appropriate these days:

When I was a kid, my grandfather gave me coin collecting books. Basically, nicely bound pieces of cardboard with circles cut out on the inside and years printed below them – one the size of pennies, one for nickels, one for dimes and one for quarters. I don’t know what happened to the nickels, dimes and quarters, but the penny book survived until we packed up to move out of the house, which means I still have it today, now that we’re back in.

Of course, once my grandfather gave me the books, he had to start giving me coins. I remember holding coins up to the light to read the years on them, so I could put them in my book (much like my kids go through their grandparents’ quarters to collect all fifty state quarters & put them in a similar book, also given to them by their grandparents, but I digress…)

Anyway, one of the oldest pennies in the book is this one from 1930. That’s a penny from The Great Depression, folks. Forget everything you know about interest rates and the time value of money. I can promise you that when this penny was minted, it was more valuable to the owner(s) than it is today.

I gotta say, Honest Abe’s holding up pretty well after 78 years. If only he could talk, huh? That would be . . . . . . well, exceedingly frightening, I suppose. Better he just sit there and stare to his left. Yes, yes – that’s better. That way, I won’t have nightmares when I go to sleep just after posting this to the blog. Definitely better. Definitely…

Topics: Money Talk, Random Acts of Blogging | 2 Comments »

2 Responses to “A penny saved is a penny blogged…”

  1. jason says at December 12th, 2008 at 12:42 pm :
    Talking I could handle, but if the face were to slowly turn towards me with a little grinding noise like the big bronze statue in Jason and the Argonauts (the old Ray Harryhausen version, not that TV thing a years ago), now that would be nightmare-inducing…

  2. Brian says at December 12th, 2008 at 2:27 pm :
    Heh…would it help if I could convince you that in 1930, pennies were actually made of carbonite?!?

    :-)