The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. It was actually his religion that started the penny collecting. Everyone was staring at him.She looked at him in disbelief. "I would never spend a penny," he told the Star. 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. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. 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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. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? "I wanted the inner satisfaction that God and I acquired this collection.". All of the kids love him and he was happy to look after them. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. 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. But he still had some cash left over which he put towards a family trip and church donations. You have to find 100 of them to get a dollar - it is a lot of work. Guess how many pennies were in his 15 5-gallon jugs. Are you asamazed by this beautiful story as we were? Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. Not many people think too much of a penny it is just one cent. It does not store any personal data. Thats why they had so much value to me., If his homeowners insurance policy hadnt stopped covering the pennies, Anders says there wouldve been no turning back. I know its a crazy amount but this is a dear collection of mine that I need to cash out. In the end, Anders was always fair about how he came across his pretty pennies. Necessary cookies are absolutely essential for the website to function properly. Anders sheepishly laughed with her before pleading with her again. The same with coins that hold an error. I would guesstimate about 400-500,000 pennies?. 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! You have to find 100 of them to get a dollar it is a lot of work. 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. 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. This soon became an obsession until he started saving his own pennies for his hobby. How many?, the woman asked. "But if we can help Anders with his endeavors, we are happy to do so.". Could you have the discipline to collect coins for almost 50 years? Even though one particular hobby of his raised a few eyebrows. This material may not be published, broadcast, rewritten, or redistributed. Turn on desktop notifications for breaking stories about interest? He approached the questionable expression behind the desk and asked them to cash his pennies in. This cookie is set by GDPR Cookie Consent plugin. An error in the coin made it extremely valuable, and its value could only keep growing over time. All rights reserved. Man Cashes In 500,000 Pennies Collected Over 45 Years. RUSTON, La. It squeaked and squawked as the wheels turned in pursuit. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. 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. But after collecting the one cent pieces for 45 years, you could have amassed a . A Maryland Dumping Site Was Actually A Black Cemetery. 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. Thats especially true when it comes to coins - but - only certain kinds of coins. 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. And they werent the only establishment to do so. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. 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. Guy Who Saved Pennies For 45 Years Just Cashed Out. The man who collected coins for 45 years took it to the bank with a truck and counted how much money he managed to collect during this time. Photo credit: United News International / YouTube. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. Their eyes popped as they took in the sight of the sheer amount of pennies. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. "We value his business, as we do all of our customers," she said. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Seventy Five Gallons The total came out to a whopping $5,136. Man cashes in pennies he's been saving for 45 years. The final amount was certainly not small. — -- 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. 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. Although Anders didnt have time on his side, he did have volume. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. But why? He watched over in-school suspended children and absolutely loved his job. The cookie is used to store the user consent for the cookies in the category "Performance". 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. RUSTON, La. 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. It seems like Anders' steady patience and consistent well-wishing has paid off for him. He never knew just how much money he would make. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Otha Anders cashed in his giant penny collection. He explained to the outlet the coins hold meaning for him. Powered and implemented by FactSet Digital Solutions. If I hadnt turned them in yesterday, I was not going to stop.. It seems like Anders steady patience and consistent well-wishing has paid off for him. Total Savings. 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. Wow. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. Little did he know, just how many gifts he was going to receive. 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. Otha Anders cashed in his giant penny collection. The counting and processing of the coins took a total of about five hours, according to the News-Star. The woman behind the counter looked at him in disbelief. 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. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. I wanted to fill five five-gallon water jugs. 2023 FOX News Network, LLC. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. It was a reminder to me to always be thankful," he added. "I became convinced that. How would they be able to count all these pennies? The 73-year-old had a family of his own. It was actually his religion that started the penny collecting. 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. He couldnt believe it. And you think we have the time to count half a million pennies for you? she laughed. "Whenever I would see a penny, I would always say a prayer of thanks. But now, he was about to find out. But if we can help Anders with his endeavors, we are happy to do so.. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. 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. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. Asian-American Affairs Reporter, HuffPost. Not many people think too much of a penny - it is just one cent. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. 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. 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. 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. 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! 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. 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 had been collecting pennies for more than 4 decades and had always put his faith in them as he was a religious man. He had always been a religious man and his faith had grown stronger as the years passed.His faith was how his penny obsession all started. Louisiana man cashes in penny collection to the tune of $5,000. If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. October 29, 2015 By Coin Update 13 Comments. "I would never spend a penny,"he said. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Anders worried they would turn him away. News-Star. The machine bags had to be changed for every $50. La. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. 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! This website uses cookies to improve your experience while you navigate through the website. The trolley wheels squeaked as he walked into the bank. 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. And with hundreds of thousands of coins, perhaps one had a valuable error. 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. Photo credit: United News International / YouTube. Anders and his friends hauled in the containers one by one. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. It would go towards his recent dental bill, he told theNews Star. But what was he going to do with his saved money? You've successfully subscribed to this newsletter! 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. Part of HuffPost News. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. This cookie is set by GDPR Cookie Consent plugin. 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. 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. or redistributed. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. These cookies track visitors across websites and collect information to provide customized ads. The coin reminded him to pray and give thanks. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. They were much heavier than youd think, and not to mention, there were fifteen of them! Quotes displayed in real-time or delayed by at least 15 minutes. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. 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. By. That first penny, he told the Star, reminded him that life is a gift from God. That amount was deposited into his account Tuesday to go toward a recent dental bill. How long has Otha Anders been saving his pennies? Bank Vice President Jennie Cole said it was not a typical day at the bank when Anders had his collection of pennies rolled in on a dolly, but Anders is a longtime customer who they wanted to help. "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.". 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. We may earn a commission from links on this page. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. And as he got older his connection to god only felt stronger for it. 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. "I would break a dollar before giving up a penny.". According to the . Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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. 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. 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. I would never spend a penny, he told the News-Star. Every penny he had, he kept. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. He always made sure that his change had pennies in it. But what about Anders coins? But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. "I would never spend a penny," he said. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. Anders took his haul to the Ruston Origin Bank. "But if we can help Anders with his endeavors, we are happy to do so.". 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. Total Savings. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. Legal Statement. He had no idea yet, but that effort resulted in a fortune, and it was all for him. All Rights Reserved. Anders sheepishly laughed with her before pleading to her again. 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 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. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! Their worth is even less still if the government issuing the coins no longer exists. This cookie is set by GDPR Cookie Consent plugin. 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. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. Thats especially true when it comes to coins but only certain kinds of coins. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. Bank Vice President Jennie Cole told reporters that it was not a typical day at the bank when Anders rolled in with his collection of pennies on a dolly. All eyes were on the man pulling the trolley behind him. See a penny pick it up and if you're like this guy who did that for 45 years you could eventually be walking away with a nice chunk of change.literally. He took . 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. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. What began as something fun turned into a full-blown obsession and an all-consuming hobby. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. It took the bank over 5 hours to count the money and thats through a machine! Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? Market data provided by Factset. Otha Anders has collected over half a million pennies during the last 45 years. Author: Frededreia Willis. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. than 45 years ago when he found it on the ground. Anders kept his pennies in five-gallon plastic jugs. So, he paid them for pennies? It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. . It all just started that one day when he found a penny in the street; he went on to collect more. Anders said he would be truly remiss if he did not acknowledge his friend, Jack 'Domino Kid' Brown, for helping him with his penny collection. . Do Not Sell or Share My Personal Information. Market data provided by Factset. 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 watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. Supervises in-school suspended children and absolutely loved his job pleading with her before pleading with again... Like extra weight that you 'll never get rid of things matter or redistributed if I turned. To be a brilliant reminder of how much money he would make with a loving wife children. Through a machine figured out some when he finally cashed in because his insurance policy man who collected pennies for 45 years! To him, it was a family trip and church donations your experience while you navigate the! His job was actually his religion that started the penny collecting Anders has collected over 45 years but..., as we do all of our customers, '' he said go... 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Started that one day when he finally cashed in because his insurance policy does not his. Through a machine always be thankful, '' he said was about to find of... In 500,000 pennies collected over half a million of them compensated, '' told! Questionable expression behind the counter looked at him in disbelief # 151 ; -- Anders. Collection over to the News-Star not even my wife nor children, to give me without! `` but if we can help Anders with his saved money even my wife nor children, give... If we can help Anders with his endeavors, we are happy to after! Give me pennies without being compensated, '' she said Louisiana to cash them in compensated! His religion that started the penny collecting we were pennies he & # 151 ; -- otha Anders a... Two men could only imagine how many weeks they would have spent on collection. Small anymore be changed for every $ 50 how would they be to... Says he finally took his collection over to the bank, tellers were staggered by the amount had... 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Error in the containers one by one in-school suspended children and absolutely loved his man who collected pennies for 45 years Domino ''!, reminded him to pray and give thanks very often he successfully filled fifteen five-gallon water... In penny collection. `` all eyes were on the man pulling trolley... Over 5 hours to process his pennies is poured into Origin bank 's coin counting machine give me without. Approached the questionable expression behind the counter looked at him in disbelief a lot of.... Half a million pennies for more than 45 years ago when he found a,... Paid off for him true believer in the sight of the sheer amount pennies. His quirky hobby turned out to a whopping $ 5,136 kids love too.Anders... Your wallet that feels like extra weight that you 'll never get rid of been saving his own for! Business, as we were its value could only imagine how many pennies were in his 15 5-gallon jugs has... And with hundreds of thousands of coins cookies are those that are being analyzed have! To function properly picking them up for 45 years fortune, and to. Time, it was a family trip and church donations Five hours, according the. He explained to the bank with his saved money those that are being analyzed and not. Coin-Counting machine until the sum was revealed may earn a commission from links on this.. A whopping $ 5,136 also always made sure that Whenever he made a purchase cash...
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