German Banker Hand Counts $1.2 Million Inheritance Of Pennies For 6 Months
A German banker invested much of this year hand-counting coins from a man's inheritance, which is a total that amounted out to nearly $1.2 million, according to reports. It took the banker six months to complete the task.
Wolfgang Kemereit counted a boatload of coins that a now dead man accumulated on trips during his more than 30-year stint as a truck driver. The driver passed on several decades worth of coins — primarily pennies — to his family, but his family came across issues in May when they attempted to cash in the large collection of coins. This required the banker to spend months going through the hundreds of freezer bags filled with money.
"I held each piece in my hand," Kemereit told NDR. "I quite enjoy doing such things, so in that sense, it wasn't a problem."
Each was valued between one-cent and two-cents. The coins were the smallest units of Deutschmark (DM), a currency that was previously used by the Federal Republic of Germany until the euro was introduced in 2002.
DM's can still be traded in for euros at the rate set back in 2001, according to Deutsche Welle. Bundesbank, the central bank of Germany, announced that they would accept the trade of old currency for genuine cash in 2015.
"You can exchange unlimited amounts of DM banknotes and coins for euro indefinitely and free of charge at all Deutsche Bundesbank branches," Bundesbank's website read. "The equivalent in euro of the DM cash established by the Bundesbank will be paid out using the method of payment indicated in the 'Exchange DM-EUR' application form."
The deceased truck driver's family, therefore, packed bags full of coins into vans and headed to Bundesbank's branch in Oldenburg, a city in the state of Lower Saxony, Germany. Kemereit counted the inheritance daily for six months straight, but his hours spent doing the hefty task each day wasn't specified.
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