Then, one day, he decided to turn in the loose change. How would they be able to count all these pennies? One man, Otha Anders, is one of the rare exceptions in this regard because he's picked up every penny that he has ever come across for the last 45 years! The extra bonus of income came just in time for him to pay a medical bill.It is said that the world works in mysterious ways, and for Otha Anders and the result of his penny collection, that motto is certainly true! Anders sheepishly laughed with her before pleading with her again. Copyright 2012-2023 Social Sweethearts GmbH. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Anders and his friends hauled in the containers one by one. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. Anders worried they would turn him away. Which side of value did they fall under? To get the pennies to the Ruston Origina Bank in Ruston, LA, Anders needed help.He ended up getting a couple of his friends to help move the five-gallon jugs full of pennies into his truck and then into the bank. An error in the coin made it extremely valuable, and its value could only keep growing over time. But after collecting the one cent pieces for 45 years, you could have amassed a . "But if we can help Anders with his endeavors, we are happy to do so.". "I wanted the inner satisfaction that God and I acquired this collection.". Photo credit: United News International / YouTube. A Louisiana man finally decided to cash in hundreds of thousands of pennies that hed been saving for more than half his life, raking in more than $5,000 total, the News-Star reports. Here was a man who certainly lived by the adage "See a penny, pick it up. He also started making more and decisions that would give him more pennies. He would have continued to keep them and collect more if it wasnt for one problem that he encountered when he renewed his home affairs. How long has Otha Anders been saving his pennies? All rights reserved. That was the goal, but I couldnt stop. Mutual Fund and ETF data provided by Refinitiv Lipper. Nancy Bergeron/Ruston Daily Leader It took the bank over 5 hours to count the money and thats through a machine! Anders kept his pennies in five-gallon plastic jugs. That is a lot of pennies. But what was he going to do with his saved money? Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." Which side of value did they fall under? A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. There were simply too many to count so Anders could only guess that his collection contained hundreds of thousands of pennies but really, he had no idea. He couldnt believe it. (Fox 14) A Louisiana man who collected pennies for almost half a . The final amount was certainly not small. -- A Louisiana man recently cashed in hundreds of thousands of saved pennies, rollingthem to the bank on a dolly after collecting them for more than four decades.According to the Louisiana News Star, Otha Anders, 73, started collecting pennies 45 years ago when he spotted one on the ground. Even though one particular hobby of his raised a few eyebrows. It must have been fun watching the water jugs get filled with so much pennies because Otha decided to continue doing it for the years to come. Guy Who Saved Pennies For 45 Years Just Cashed Out. "We value his business, as we do all of our customers," she said. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. You know you see pennies all over. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Otha Anders of Louisiana had spent the past 45 years picking up pennies he found in the streets and putting these inside his giant piggy banks made of water jugs. Anders said, I would never spend a penny, I would break a dollar before giving up a penny. When the children he looked after figured out how important pennies were to him, they wanted to contribute. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, there have been days where I failed to pray and more often than not, a lost or dropped penny would show up to remind me. Anders said. He took . Thats especially true when it comes to coins - but - only certain kinds of coins. He was a man on a mission, and when his students at school found out about his strange fascination, they wanted to help.Theyd often come to his class with a handful of pennies to give to him but Anders had principles. (Fox 14). Otha Anders was a 73-year-old who worked with the Jackson School Board. You have to find 100 of them to get a dollar - it is a lot of work. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. He approached the questionable expression behind the desk and asked them to cash his pennies in. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". This cookie is set by GDPR Cookie Consent plugin. Back in 2015, he had to finally cash them in because his homeowner's insurance policy no longer covered his pennies, and he needed some extra cash. At the end of the labor intensive counting, the bank informed Otha he had saved a total of $5,136.14 all those 45 years! Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. "I became convinced that spotting a lost or dropped. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. Author: Frededreia Willis. The cookie is used to store the user consent for the cookies in the category "Analytics". Five of Anders' closest friends and family helped him and bank employees load the coins from the back of a pickup truck into the company's coin room. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Over a few years, a random collection of coins can amount to a fancy night out or give you the exact amount to buya beautiful outfit. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. Otha Anders had been collecting pennies for more than 4 decades and had always put his faith in them as he was a religious man. Share away, people! It all just started that one day when he found a penny in the street; he went on to collect more. He watched over in-school suspended children and absolutely loved his job. Since Anders could have collected a small fortune, he made it a point to have his collection covered under his house insurance, but when he renewed it, they turned him away. If I hadnt turned them in yesterday, I was not going to stop.. The manager of Ed's. Scientists Have Linked Selfies To Narcissism, Addiction And Mental Illness, Essential Oils And Brain Injuries: Heres What You Are Not Being Told, Rare Monkeypox Virus Has Started Reappearing, Heres What You Need To Know, Heart Surgeon Speaks Out About The True Cause Of Heart Disease, Kind FedEx Driver Shovels Snow Off Womans Porch When He Learns Her Husband Died, Man Builds A Tiny Blue House At Narrow Alley As Revenge To Stop Neighbors From Using It, I Dont Want To Live Anymore And I Want To Die. Read This First. All rights reserved. This soon became an obsession until he started saving his own pennies for his hobby. It squeaked and squawked as the wheels turned in pursuit. But why? AREVIK 25.12.2022 1.1k. Otha Anders from Ruston, Louisiana, knows that by being patient and collecting over a long period of time, pennies can amount to a significant paydaythat is sure to surprise anyone. Man Cashes In 500,000 Pennies Collected Over 45 Years. He explained to the outlet the coins hold meaning for him. Thats especially true when it comes to coins but only certain kinds of coins. A Maryland Dumping Site Was Actually A Black Cemetery. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? than 45 years ago when he found it on the ground. The same with coins that hold an error. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. This material may not be published, broadcast, rewritten, or redistributed. October 28, 2015 at 10:29 pm EDT. Quotes displayed in real-time or delayed by at least 15 minutes. This cookie is set by GDPR Cookie Consent plugin. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. What began as something fun turned into a full-blown obsession and an all-consuming hobby. The woman gave Anders a long look before calling her manager. — -- Otha Anders is a true believer in the phrase a pretty penny. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. But if we can help Anders with his endeavors, we are happy to do so.. Fifteen five-gallon plastic water jugs and half a million pennies later, Anders on Tuesday deposited $5,136.14 into his account to go toward a recent dental bill. This material may not be published, broadcast, rewritten, And with hundreds of thousands of coins, perhaps one had a valuable error. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. The trolley wheels squeaked as he walked into the bank. Anders took his haul to the Ruston Origin Bank. Anders was hesitant to finally hand in his collection, which he refused to do back in the 1970s, when the government was offering a $25 bonus for every $100 worth of pennies turned in, the News-Star notes. This just goes to show that the special meaning he had created with his pennies served him through his life, andstrengthening his relationship with God through this collection was worth more than the money he'd make. "I would never spend a penny," he said. This cookie is set by GDPR Cookie Consent plugin. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. I would never spend a penny, he said. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Hed been saving pennies he found on the street for 45 long years. 24/7 coverage of breaking news and live events. "I would never spend a penny," Anders said. We may earn a commission from links on this page. It is said that the world works in mysterious ways, and for Otha Anders and the result of his penny collection, that motto is certainly true ! After 45 years of saving the coins and storing them in five-gallon jugs, he wheeled his collection in on a dolly to see how much he had. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. How many were in there? Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. We value his business, as we do all of our customers, Cole said. Although Anders didnt have time on his side, he did have volume. Having collected pennies since the late 1960s, the 73-year-old from Louisiana finally deposited the savings in his bank to pay for a dental bill. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. Legal Statement. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. They were much heavier than youd think, and not to mention, there were fifteen of them! They were much heavier than youd think, and not to mention, there were fifteen of them! Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. The total came out to a whopping $5,136. Analytical cookies are used to understand how visitors interact with the website. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. But that's not all. It does not store any personal data. "But if we can help Anders with his endeavors, we are happy to do so.". But why? But now, he was about to find out. I would never spend a penny, he told the News-Star. Ultimately, Anders went out of his way to stop spending pennies and made sure that after every purchase, his change contained at least 3 to 4 pennies. 2023 FOX News Network, LLC. Anders loved his pennies, they were his prized collection. Though he reached out to the bank to notify them about the pennies, the bank's senior vice president Ryan Kilpatrick told the outlet he was shocked at the actual number. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. This means that on an average day, he had collected around 31 pennies. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years.For anyone whos trying to work it out, thats $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. Powered and implemented by FactSet Digital Solutions. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? Its unclear how much his collection weighed, but using the U.S. Mints estimate of 2.5 grams a coin, it might have been around 2,800 pounds. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. The plastic jugs were hacked open by an ax and hammer. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated. And that he did, he paid them for the pennies they gave him. Cool, isnt it? "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. Recently, he needed some money and thought that he did have some money stashed in his house; although he wasnt sure how much he actually had. The pennies were then poured into the coin machine with small plastic buckets. Guess Who Her Dad Is. He watched suspended kids and loved his job. "I wanted the inner satisfaction that God and I acquired this collection.". But Edmond Knowles did. I know its a crazy amount but this is a dear collection of mine that I need to cash out. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. "I would break a dollar before I would spend a penny," he said. Who would have thought a penny a day could someday bring you $5k! NEW YORK (CNN/Money) - Benjamin Franklin once said a penny saved is a penny earned, but he probably didn't think of saving over a million of them. Although Anders didnt have time on his side, he did have volume. I wanted to fill five five-gallon water jugs. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. La. "I will always tell the person that if it was a quarter, I would give it back, but since it is a penny, I'm keeping it. Disclaimer: All content is provided for fun and entertainment purposes only. Man saves coins for 45 years, cashes in over $5,000 in pennies. I would guesstimate about half a million pennies?. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! It has long been said that time is the most valuable commodity. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. Anders says he plans to use the cash to help pay a dental bill. It has long been said that time is the most valuable commodity. And as he got older his connection to god only felt stronger for it. It took five hours to count the pennies; the plastic jugs were hacked open and then the coins were poured into the coin machine bit by bit. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. Their eyes popped as they took in the sight of the sheer amount of pennies. into his account to go toward a recent dental bill. While he only deposited them when he found. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. How many are there?, she asked. I would say hes done a lot of collecting over the years.. But when they finally did, the amount Anders had saved all these years was incredible! https://www.youtube.com/watch?v=Orav4IyjgtE. By clicking Accept All, you consent to the use of ALL the cookies. It was a problem that left him devastated. If I would see a penny when Im gassing up, on the ground, or in a store, it would be a reminder to stop right there and say a prayer, he said. I would break a dollar before giving up a penny.. We value his business, as we do all of our customers, she said. Not many people think too much of a penny - it is just one cent. Otha Anders of Louisiana had spent the past 45 years picking up pennies he found in the streets and putting these inside his giant piggy banks made of water jugs. Although Anders collection contains mostly modern pennies, its crazy to think that if he held onto those coins long enough, theyd soon bring him a fortune as big as a million dollars! He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. In the end, Anders was always fair about how he came across his pretty pennies. According to the . Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. "I became convinced that. Anders said he has truly enjoyed looking at his penny collection to the extent that in the 1970s, when the U.S. government offered a $25 bonus for every $100 worth of pennies turned in, he refused to cash in his collection. Your California Privacy Rights/Privacy Policy. He took it as a sign to pray and give thanks. The extra bonus of income came just in time for him to pay a medical bill. Little did he know, just how many gifts he was going to receive. Guess how many pennies were in his 15 5-gallon jugs. After over 5 hours of counting and processing pennies in a machine at the bank, Anders had a total of$5,136.14 worth of pennies. It all just started that one day when he found a penny in the street; he went on to collect more. Our content is created to the best of our knowledge, yet it is of general nature and cannot in any way substitute an individual consultation by your doctor. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. It escalated from there. But when they finally did, the actual amount Anders had saved all these years was incredible! The coin reminded him to pray and give thanks. Once the first penny was saved, there was no stopping Anders from growing his collection to become the record-breaker that it was in 2015. Anders said he started collecting the coins in the late-1960s. Bank Vice President Jennie Cole said that Anders is a longtime customer whom the bank was happy to help, even though the magnitude of the pennies didnt make for a typical day at work. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. . All of us have random coins lying around thatdon't amount to much and cannot always be used to pay for something when we are out shopping. Although Anders' collection contains mostly modern pennies, its crazy to think that if he held onto those coins long enough, theyd soon bring him a fortune as big as a million dollars! He was reluctant to give his years of work away, but Anders also said that he has not lost the joy that comes from collecting coins. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. "I have not spent a penny in 40-plus years. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. These cookies will be stored in your browser only with your consent. Coins made of base metals, such as aluminum, have very little worth. Its shocking, for sure, he said. And as he got older his connection to god only felt stronger for it. Could you have the discipline to collect coins for almost 50 years? By. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. By Christie. I will always tell the person that if it was a quarter, I would give it back, but since it is a penny, Im keeping it., Black News and Black Views with a Whole Lotta Attitude. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. "We value his business, as we do all of our customers," she said. The machine bags had to be changed for every $50. His quirky hobby turned out to be a brilliant reminder of how much little things matter. The cookie is used to store the user consent for the cookies in the category "Other. I wanted the inner satisfaction that God and I acquired this collection.. But opting out of some of these cookies may affect your browsing experience. I would guesstimate about 400-500,000 pennies?. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. -- A Louisiana man recently cashed in hundreds of thousands of saved pennies, rolling them to the bank on a dolly after collecting them for more than four decades. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. If Anders had it his way, he would have kept his collection and continued to pick up pennies for many years to come but life would throw him a curveball. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. Turn on desktop notifications for breaking stories about interest? Published: 10/28/2015 8:46:47 AM. Market data provided by Factset. These cookies track visitors across websites and collect information to provide customized ads. Anders new home insurance didnt cover his penny collection, so he reluctantly decided it was time to visit the bank and cash in his most prized possession. Thankful, Anders deposited his haul to the Ruston Origin bank what about Anders coins '' she said became that... An average day, he had no idea that hed continue picking them for! On this page ever felt bogged down by the adage & quot ; I convinced! His 45-year-old penny collection is poured into the bank employees looked at Anders rolling his containers in on and! To pay a dental bill pennies for 45 long years penny was an God-given. Over time value could only imagine how many pennies were then poured into the bank, were! To the bank over 5 hours to count the money and thats through a machine bags to. Saved pennies for his hobby penny, more would keep appearing through his love is the most commodity. 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