Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. -- 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. It took the bank over 5 hours to count the money and thats through a machine! The extra bonus of income came just in time for him to pay a medical bill. Although Anders didnt have time on his side, he did have volume. Back in 2015, he had to finally cash them in becausehis homeowners insurance policy no longer covered his pennies, and he needed some extra cash. 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. But now, he was about to find out. He also started making more and decisions that would give him more pennies. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. 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. However, you may visit "Cookie Settings" to provide a controlled consent. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. 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.. The woman stared at him in shock. It squeaked and squawked as the wheels turned in pursuit. 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. The plastic jugs had to be opened with an ax and hammer, and the bank was not prepared for such a large collection even though Anders had called a week prior to inform them that he would be coming with a colossal amount of pennies. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. How many?, the woman asked. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. 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. Photo credit: United News International / YouTube. The cookie is used to store the user consent for the cookies in the category "Performance". I wanted the inner satisfaction that God and I acquired this collection.. That led to a huge collection, stored in 15 five-gallon, plastic water jugs, adding up to about half a million pennies, which ultimately converted to $5,136.14. "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.". The 73-year-old had a family of his own. "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.". Thats especially true when it comes to coins - but - only certain kinds of coins. "Anders will inform us on where he wants the cashed-in money to be placed," she said. 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! 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. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. You also have the option to opt-out of these cookies. How would they be able to count all these pennies? Even though one particular hobby of his raised a few eyebrows. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. 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. Who would have thought a penny a day could someday bring you $5k! And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. And with hundreds of thousands of coins, perhaps one had a valuable error. 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? I know its a crazy amount but this is a dear collection of mine that I need to cash out. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. "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. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. 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. After that first coin, Anders said his penny pile began to grow and he ultimately stopped spending pennies and always made sure whenever he made a purchase, his change contained at least three to four pennies. "I would never spend a penny," Anders said. Asian-American Affairs Reporter, HuffPost. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. 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 would never spend a penny, he said. This cookie is set by GDPR Cookie Consent plugin. How many were in there? 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. Nancy Bergeron/Ruston Daily Leader They remind him to stay thankful, he says. These cookies will be stored in your browser only with your consent. Then, one day, he decided to turn in the loose change. Who would have thought a penny a day could someday bring you $5k! It was actually his religion that started the penny collecting. We value his business, as we do all of our customers, she said. 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. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. This cookie is set by GDPR Cookie Consent plugin. It would go towards his recent dental bill, he told theNews Star. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. 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. Anders' coin collecting habit started when he found a penny on the street decades ago. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? This material may not be published, broadcast, rewritten, This website uses cookies to improve your experience while you navigate through the website. 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. He walked into the bank, rolling a dolly behind him. Anders worried they would turn him away. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Coins made of base metals, such as aluminum, have very little worth. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. He never knew just how much money he would make. However, Anders always made sure that every penny that came his way from others was compensated properly. RUSTON, La. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. However, thats not true for all coins. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. (Fox 14). Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! 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. The trolley wheels squeaked as he walked into the bank. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! 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 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 wasn't even a little tempted to take the extra cash. But why? Youtube / Kray K News. 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. October 28, 2015 at 10:29 pm EDT. "I would break a dollar before giving up a penny.". This cookie is set by GDPR Cookie Consent plugin. ", | Special to The (Monroe, La.) The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. "I wanted the inner satisfaction that God and I acquired this collection.". Legal Statement. I wanted to fill five five-gallon water jugs. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. Change for the better: Man cashes in 45-year penny collection worth $5,000. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. 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. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. But collecting pennies was more than a hobby for Anders. It does not store any personal data. Anders and his friends hauled in the containers one by one. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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. This material may not be published, broadcast, rewritten, or redistributed. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. But Edmond Knowles did. Guess how many pennies were in his 15 5-gallon jugs. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Otha Anders cashed in his giant penny collection. An error in the coin made it extremely valuable, and its value could only keep growing over time. Anders sat next to the machine watching his collection go down the counter and the bank workers come in to the change the coin bag every 20 minutes, since the coin machine bags need to be changed after every $50. The cookie is used to store the user consent for the cookies in the category "Other. The total came out to a whopping $5,136. 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. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. RUSTON, La. 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. "But if we can help Anders with his endeavors, we are happy to do so.". Its shocking, for sure, he told ABC News. 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 what about Anders coins? Employees gathered to see the first five-gallon container being counted. "I have not spent a penny in 40-plus years. Anders was able to put his money to good use and spend it on a dental bill that had just been issued to him.It was a happy coincidence that he found himself with more money just as an expensive bill landed in his lap. 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. 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. "I would never spend a penny," he told the Star. You have to find 100 of them to get a dollar it is a lot of work. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. or redistributed. 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. The woman gave Anders a long look before calling her manager. With all the pennies this guy had, he must've been very, very lucky. Wow. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. 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. 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. Your California Privacy Rights/Privacy Policy. Anders took his haul to the Ruston Origin Bank. Anders loved his pennies, they were his prized collection. How long has Otha Anders been saving his pennies? The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. I would break a dollar before giving up a penny.. This means that on an average day, he had collected around 31 pennies. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. 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. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. We value his business, as we do all of our customers, Cole said. 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. 2023 FOX News Network, LLC. 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. 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. 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.Anders had no idea how much money his collection would amount to. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. Which side of value did they fall under? "I would never spend a penny,"he said. What began as something fun turned into a full-blown obsession and an all-consuming hobby. 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. Quotes displayed in real-time or delayed by at least 15 minutes. "But if we can help Anders with his endeavors, we are happy to do so.". And with hundreds of thousands of coins, perhaps one had a valuable error. Although Anders didnt have time on his side, he did have volume. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. And you think we have the time to count half a million pennies for you? she laughed. 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. But after collecting the one cent pieces for 45 years, you could have amassed a . "He did likewise with pennies for me.". 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. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. "I would break a dollar before giving up a penny. He started collecting pennies in the early 1970's. He would just find them and save 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. I would say hes done a lot of collecting over the years.. Believe me, if I had it my way, Id keep these pennies forever. 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. 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. 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. You know you see pennies all over. Total Savings. 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. But opting out of some of these cookies may affect your browsing experience. https://www.youtube.com/watch?v=Orav4IyjgtE. But why? 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 ! 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. The coin reminded him to pray and give thanks. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. That is a lot of pennies. "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. 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. All of the kids love him and he was happy to look after them. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. I would say hes done a lot of collecting over the years., Vice President Jennie Cole also said that Anders was a long-time customer whom they wanted to help.
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