Cheeky Home Buyer Pays 17,000-GBP Deposit With Coins

Story ByJohn FengSub EditorJoseph GolderAgencyAsia Wire Report

Video Credit: AsiaWire

This video shows two dozen bank staff on the floor counting coins before they finally gave up after a home buyer has put down a 17,000-GBP deposit using only pocket change.

Employees with the Jinke Property Group in Jinan, capital of Shandong Province in East China,s said they “gave up” after four hours and ended up weighing the coins with a scale instead.

The unnamed buyer owns a local corner shop and decided to invest in a property inside the Jinkecheng Residential District on 29th May.

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Pictures Credit: AsiaWire

He showed up at the property office hauling no fewer than 16 water bottles full of 1-RMB (11 p) coins or smaller denominations, which made up his deposit of just over 150,000 (17,217 GBP).

Seven Jinke staff members started counting but a total of 26 ended up joining the group to help sift through the cash.

In the end they gave up and used a scale, recording a total weight of 83 kilogrammes (182 lb) and sorting them into bags of roughly 2,000 RMB (230 GBP) each.

The Jinke Property Group has revealed the homeowner purchased a unit worth 430,000 RMB (49,357 GBP), and he is expected to make further payments using more of his coins at home.

The corner shop owner told local media: “I sell fish, tofu, and bean sprouts. I get some coins here and some coins there. They come from the little things I sell.

“It’s small money so I just left it all at home, but after about five to eight years, I had nowhere else to put it.

“The bank didn’t want it, so I thought I’d get a car or a house.”

John Feng

I am a senior journalist and editor, and have worked for a number of different news agencies over the last decade. I am currently editor-in-chief of the Asia Wire Report news wire.

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