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Man Decides to Pay Off His Mortgage…With 62,000 Pennies

Pennies
Tim Boyle, Getty Images

Pennies add up to dollars. Just ask Thomas Daigle of Milford, MA., who paid off his mortgage in pennies.

Daigle dropped off two boxes, each weighing more than 400 pounds apiece, at Milford Federal Savings and Loan Association in April. The boxes contained more than 62,000 pennies, which he had saved for 35 years. So if you do the math, his final payment was around $620.00.

Daigle did not wish to disclose the exact amount of his payoff, but he did deliver the final payment on his loan on April 24, the day he and his wife Sandra celebrated their 35th anniversary. It was just a coincidence, though.

Daigle, who bought his home in 1977, said he always planned to pay off the mortgage in pennies. His reasoning? He wanted to make his last payment memorable.

“It was something I wanted to do,” Daigle told the Milford Daily News. “I always follow through…I was just praying I didn’t die first.”

He collected two-and-a-half pennies per day, eventually housing them in steel military rocket launcher ammo boxes. It became a passion, as he meticulously rolled the coins into 50 penny packs. The bank said every roll was perfectly counted.

Daigle did give the bank advance notice that he would be delivering his payment in pennies.

Now, instead of filling his days penny rolling, he works on the garden in the backyard of his fully paid for home.

[Milford Daily News]

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