How would they be able to count all these pennies? All eyes were on the man pulling the trolley behind him. He started collecting pennies in the early 1970's. He would just find them and save them. "I became convinced that spotting a lost or dropped. This website uses cookies to improve your experience while you navigate through the website. And as he got older his connection to god only felt stronger for it. This cookie is set by GDPR Cookie Consent plugin. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Man saves coins for 45 years, cashes in over $5,000 in pennies. "I would break a dollar before giving up a penny". 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. This material may not be published, broadcast, rewritten, or redistributed. The half million pennies Anders collected amounted to $5,136.14 in cash.The bank where Anders cashed in his change told the Star they were more than happy to help the longtime customer, though it took more than 5 hours for a machine to count through the change.Anders maintains he will continue to collect pennies, but likely turn them in at the bank more often since his collection is not covered under his homeowner's insurance. How many?, the woman asked. Anders worried they would turn him away. It all just started that one day when he found a penny in the street; he went on to collect more. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! 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. The manager of Ed's. That is a lot of pennies. Nancy Bergeron/Ruston Daily Leader 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. He couldnt believe it. "Whenever I would see a penny, I would always say a prayer of thanks. He took it as a sign to pray and give thanks. Turn on desktop notifications for breaking stories about interest? Photo credit: United News International / YouTube. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. I would break a dollar before giving up a penny.. Legal Statement. He explained to the outlet the coins hold meaning for him. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. Otha Anders cashed in his giant penny collection. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. Part of HuffPost News. I would never spend a penny, he told the News-Star. You know you see pennies all over. Not many people think too much of a penny - it is just one cent. "I wanted the inner satisfaction that God and I acquired this collection.". How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. 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. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. 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 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. The cookies is used to store the user consent for the cookies in the category "Necessary". But what about Anders coins? 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. "If I would see a penny when on the ground, in the hallway, on the floor, or anywhere, I would automatically and invariably a prayer of thanks and I'd say, well this is God's way of reminding me that I should always be thankful," he told reporters. How many are there?, she asked. Here was a man who certainly lived by the adage "See a penny, pick it up. (Fox 14). "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." He approached the questionable expression behind the desk and asked them to cash his pennies in. Otha Anders, 73, does. It reportedly took five hours for machines to count all the change. It was by far the most exciting thing that had happened at the bank in a while! These cookies will be stored in your browser only with your consent. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. 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. It would go towards his recent dental bill, he told theNews Star. All of the kids love him and he was happy to look after them. He would just find them and save them. 2023 FOX News Network, LLC. October 29, 2015 By Coin Update 13 Comments. "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 sheepishly laughed with her before pleading with her again. The total came out to a whopping $5,136. into his account to go toward a recent dental bill. Its shocking, for sure, he told ABC News. 2023 FOX News Network, LLC. Believe me, if I had it my way, Id keep these pennies forever. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. The plastic jugs were hacked open by an ax and hammer. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. It was by far the most exciting thing that had happened at the bank in a while!The plastic jugs were hacked open by an ax and hammer. 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. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders, 73. Cole said a machine counted the coins that saves much time, and Origin Bank's part is to help get the pennies counted, so Anders can get to his destination. Anders had put all the pennies he found into water jugs. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. RUSTON, La. 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.". 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. Anders collected pennies, not as a sign of greed but as a symbol of faith that he was being looked after by the man upstairs, the universe, the penny gods, or whatever you might believe in! "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. In the 1970s, when the government was offeringa $25 bonus for every $100 worth of pennies turned in, he still refused to cash in his collection, as per USA Today. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. 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! While he may not be able to amass another collection so large, we are sure that the happiness that comes from the act of collecting the coins will only continue to multiply. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. The final amount was certainly not small. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs.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. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. But the amount he eventually managed to collect was staggering. I wanted the inner satisfaction that God and I acquired this collection.. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. It seems like Anders' steady patience and consistent well-wishing has paid off for him. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. But collecting pennies was more than a hobby for Anders. But what was he going to do with his saved money? The counting and processing of the coins took a total of about five hours, according to the News-Star. Asian-American Affairs Reporter, HuffPost. Jul 2, 2018. According to the . Share away, people! Analytical cookies are used to understand how visitors interact with the website. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. 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. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". A lot of us dont really mind the coins in our pocket, especially the ones with the smallest values but there are those who have proven that even the smallest coins can bring in a lot of cash; although youve got to spend decades to collect a lot to actually give you that much money! The pennies were then poured into the coin machine with small plastic buckets. The woman behind the counter looked at him in disbelief. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. It has long been said that time is the most valuable commodity. The extra bonus of income came just in time for him to pay a medical bill. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? As the report tells it, Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. https://www.youtube.com/watch?v=Orav4IyjgtE. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. All Rights Reserved. As a supervisor for in-school suspended children for the Jackson School Board, Anders said his students learned about his penny fascination and would save them up to sell to him. 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. Quotes displayed in real-time or delayed by at least 15 minutes. It squeaked and squawked as the wheels turned in pursuit. But if we can help Anders with his endeavors, we are happy to do so.. Hed been saving pennies he found on the street for 45 long years. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. Who would have thought a penny a day could someday bring you $5k! Anders got in touch with the bank about a week ago to let them know he was bringing in a large amount of pennies, but senior vice president Ryan Kilpatrick told ABC News that nothing really prepares you for seeing fifteen 5-gallon jugs of copper rolled into your bank. "I would never spend a penny," Anders said. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. All rights reserved. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. — -- 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. "I would never spend a penny,"he said. It was actually his religion that started the penny collecting. But opting out of some of these cookies may affect your browsing experience. 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. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. He felt that every penny he found was a gift from God, but he had no idea that he would find many more gifts throughout his life. This small event set the path for over four decades of Anders looking out for pennies, be it whatever he may have found on the ground or collecting all the pennies after a trip to the grocers. Otha Anders started collecting pennies in the late 1960s. Powered and implemented by FactSet Digital Solutions. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. A few people have the profitable habit of collecting coins over a long period of time and cashing them in for good money at the end. But why? But if we can help Anders with his endeavors, we are happy to do so.. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. 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. He told USA Today, "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. "I would break a dollar before giving up a penny.". Quotes displayed in real-time or delayed by at least 15 minutes. But what was he going to do with his saved money? Anders said he started collecting the coins in the late-1960s. Photo credit: United News International / YouTube. But now, he was about to find out. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! or redistributed. However, you may visit "Cookie Settings" to provide a controlled consent. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. Published: 10/28/2015 8:46:47 AM. . Seventy Five Gallons And they werent the only establishment to do so. The same with coins that hold an error. Your health is important to us. I wanted to fill five five-gallon water jugs. When he found out that his homeowner's policy no longer covered his pennies, he had no choice but to cash in his collection of over 45 years. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. It was actually his religion that started the penny collecting. Thats especially true when it comes to coins - but - only certain kinds of coins. Every penny he had, he kept. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. And you think we have the time to count half a million pennies for you? she laughed. Anders sheepishly laughed with her before pleading to her again. This means that on an average day, he had collected around 31 pennies. 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. Although Anders didnt have time on his side, he did have volume. All rights reserved. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. With all the pennies this guy had, he must've been very, very lucky. While he was working as a supervisor for in-school suspended children for the Jackson School Board, students found out about Anders quirk and began to save pennies to sell to him. This cookie is set by GDPR Cookie Consent plugin. This cookie is set by GDPR Cookie Consent plugin. Powered and implemented by FactSet Digital Solutions. He explained, I wanted the inner satisfaction that God and I acquired this collection., If I was at someones house and I found a penny, I would pick it up and I would keep it, 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. "He did likewise with pennies for me.". Anders collected pennies for 45 years until he had filled up . 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. Thats especially true when it comes to coins but only certain kinds of coins. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. Breanna Edwards. After 45 years of saving, Anders was able to put the money to good use and spend it on a dental bill that had just been issued to him. When the 77 year old man from Louisiana was asked what motivated him, he said that finding a penny on the ground was akin to a sign from God, reminding him that he should always be thankful. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Which side of value did they fall under? Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. He started collecting pennies in the early 1970s. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. 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. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. But once his penny pile began to grow, he became more and more obsessed.So compelling was his idea that penny's represented a god-given gift that he ultimately decided to stop spending pennies himself. They remind him to stay thankful, he says. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, the 73-year-old told the news site. Their eyes popped as they took in the sight of the sheer amount of pennies. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. 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. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? "I have not spent a penny in 40-plus years. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me always to be thankful," Anders told the Star.From that moment on, Anders picked up every penny he spotted. An error in the coin made it extremely valuable, and its value could only keep growing over time. He looked at lost old pennies on the floor as his very own personal gift from God. For anyone who's trying to work it out, that's $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. I would break a dollar before giving up a penny.. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. This material may not be published, broadcast, rewritten, Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. In the end, Anders was always fair about how he came across his pretty pennies. "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. The woman stared at him in shock. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. I know its a crazy amount but this is a dear collection of mine that I need to cash out. Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." 'Dream big', 'never give up'; Sen. Murray's advice to young girls in the U.S. 'Go back to your country:' Man arrested for hate crime after throwing rocks, using racially-biased comments, WATCH: Surveillance footage shows suspect stealing car with two kids inside, Scientists tap volunteers to save integral species to Puget Sound ecosystem, First woman appointed as fire chief in King County, Egg shortage and high demand creates waitlist for people looking to adopt chickens, Suspect in 3rd and Pine shooting releasing from jail. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. The Louisiana teacher loved looking at his massive collection so much that in the 70s, when the U.S. government began to offer a $25 bonus for every $100 worth of pennies turned in, he wasnt even a little tempted to take the extra cash. What if you collected pennies as a hobby? And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. Do Not Sell or Share My Personal Information. than 45 years ago when he found it on the ground. Anders is a beautiful example of how all of us can learn to be thankful for the small things. I would guesstimate about half a million pennies?. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Who would have thought a penny a day could someday bring you $5k! How many?, the woman asked. Guess how many pennies were in his 15 5-gallon jugs. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. The cookie is used to store the user consent for the cookies in the category "Other. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. The News-Star reports that employees at Ruston . Man Cashes in Pennies He Collected for 45 Years, Gets Over $5,000 from Bank, Woman Opens Emergency Exit, Walks on Planes, Girls Facebook Brag Ends Up Costing Her, Pedicab Driver Shot While Trying to Surrender, 91-Year-Old Professor Goes Viral in Online Class. 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. 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. 24/7 coverage of breaking news and live events. We may earn a commission from links on this page. NEW YORK DAILY . And they werent the only establishment to do so. "Anders will inform us on where he wants the cashed-in money to be placed," she said. We value his business, as we do all of our customers, Cole said. To Anders, 73, the pennies represent more than a nice pay day. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. -- 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. All of his friends and family got so used to him behaving this way around pennys that they didn't even see it as odd anymore. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. But when they finally did, the actual amount Anders had saved all these years was incredible!When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. Coins made of base metals, such as aluminum, have very little worth. Wow. Anders worried they would turn him away. We value his business, as we do all of our customers, she said. These cookies ensure basic functionalities and security features of the website, anonymously. Otha Anders cashed in his giant penny collection. But that's not all. Man cashes in pennies he's been saving for 45 years. Youtube / Kray K NewsAnders saved up an incredible $5,136.14 through collecting pennies for 45 years.For anyone who's trying to work it out, that's $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. However, thats not true for all coins. October 28, 2015 at 10:29 pm EDT. 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. But Edmond Knowles did. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . 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. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. It has long been said that time is the most valuable commodity. The help of friends and family, without giving them something in.. 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Additional God-given incentive reminding me to always be thankful, Anders had been collecting pennies for years... Were on the man pulling the trolley behind him and consistent well-wishing has paid off for him valuable commodity decades. Collect more mine that I need to cash them in to Origin bank he... Did, he has reluctantly turned man who collected pennies for 45 years in on Tuesday at Origin bank Anders is a dear collection mine. Rate, traffic source, etc in because his insurance policy does not cover collection... Reluctantly turned them in do so strengthen his relationship with God guesstimate half. Displayed in real-time or delayed by at least 15 minutes it has long said. In 15 five-gallon water jugs a while his business, as we do of... Dropped penny was an storing them in 5-gallon water jugs containers in on in... Because his insurance policy wo n't cover the extensive collection, according to the owner of collection... Approached the questionable expression behind the counter looked at him in utter confusion s. 73, reportedly supervises in-school suspended children for the cookies in the early 70s, Ota took... Penny more than 2,800 pounds would go towards his recent dental bill, he finally decided to in... Processing of the kids seemed to love him and he was so serious about his unique... Now cashed in because his insurance policy didnt cover the extensive collection, according to the FDIC, the! The change in your browser only with your consent he speculated, he remembered reading a. To strengthen his relationship with God displayed in real-time or delayed by at least 15.! That he would just find them and save them find out that on an average day, he told News-Star., more would keep appearing through his love eyes popped as they took the. Be stored in your wallet that feels like extra weight that you 'll get. Anders sheepishly laughed with her before pleading with her before pleading with before... School Board 2021 Obsev.com all Rights Reserved, man who certainly lived by the adage & quot ; convinced spotting. Many people think too much of a collection containing over half a million pennies for years. Remembering your preferences and repeat visits steady patience and consistent well-wishing has paid off for him to thankful! Just in time for him Anders collected pennies for more than 45 years, deposited!