His quirky hobby turned out to be a brilliant reminder of how much little things matter. Anders says he plans to use the cash to help pay a dental bill. I would guesstimate about half a million pennies?. 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. I would break a dollar before giving up a penny.. 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. Published: 10/28/2015 8:46:47 AM. It may inspire them to start a collection of their own. The cookies is used to store the user consent for the cookies in the category "Necessary". Hed been saving pennies he found on the street for 45 long years. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. And as he got older his connection to god only felt stronger for it. An error in the coin made it extremely valuable, and its value could only keep growing over time. Turn on desktop notifications for breaking stories about interest? But opting out of some of these cookies may affect your browsing experience. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. 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. This man had saved pennies for 45 years and just picked them up from the street. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. Its shocking, for sure, he told ABC News. "I would break a dollar before I would spend a penny," he said. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! It has long been said that time is the most valuable commodity. With all the pennies this guy had, he must've been very, very lucky. This is a staggering number! 2023 FOX News Network, LLC. 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. Analytical cookies are used to understand how visitors interact with the website. RUSTON, La. 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. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. 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. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. By Christie. That was the goal, but I couldnt stop. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. It took the bank over 5 hours to count the money and thats through a machine! Asian-American Affairs Reporter, HuffPost. "But if we can help Anders with his endeavors, we are happy to do so.". 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. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. But collecting pennies was more than a hobby for Anders. How long has Otha Anders been saving his pennies? "I would break a dollar before giving up a penny". 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. "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. All rights reserved. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. Anders sheepishly laughed with her before pleading to her again. According to the . "I would never spend a penny,"he said. Which side of value did they fall under? Breanna Edwards. 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 worried they would turn him away. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. 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. Your health is important to us. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. 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! How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. 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. 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. It squeaked and squawked as the wheels turned in pursuit. October 29, 2015 By Coin Update 13 Comments. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. Its shocking, for sure, he said. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. 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. Powered and implemented by FactSet Digital Solutions. 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. This 73-Year-Old Man Has Collected Pennies For 45 Years And Now He's Cashing Out For 45 years, Otha Anders saved his pennies. 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. 2023 BuzzFeed, Inc. All rights reserved. All of the kids love him and he was happy to look after them. Wow. Total Savings. 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 had put all the pennies he found into water jugs. That is a lot of pennies. 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. Jul 2, 2018. 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. But why? Powered and implemented by FactSet Digital Solutions. https://www.youtube.com/watch?v=Orav4IyjgtE. 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. However, Anders always made sure that every penny that came his way from others was compensated properly. The cookie is used to store the user consent for the cookies in the category "Other. We may earn a commission from links on this page. Louisiana man cashes in penny collection to the tune of $5,000. 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. NEW YORK DAILY . . We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. The same with coins that hold an error. "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.". He had no idea, but clearly, this would result in a fortune. "But if we can help Anders with his endeavors, we are happy to do so.". By. 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. All eyes were on the man pulling the trolley behind him. I wanted the inner satisfaction that God and I acquired this collection.. Not many people think too much of a penny it is just one cent. Photo credit: United News International / YouTube. What began as something fun turned into a full-blown obsession and an all-consuming hobby. But now, he was about to find out. While he only deposited them when he found. Anders wasa supervisor for in-school suspended children for the Jackson School Board in Louisiana, and when his students found out about his habit of collecting pennies, they would save up their money to sell to him. We value his business, as we do all of our customers, she said. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. Then, one day, he decided to turn in the loose change. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? How would they be able to count all these pennies? An error in the coin made it extremely valuable, and its value could only keep growing over time. He would just find them and save them. 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. Coins made of base metals, such as aluminum, have very little worth. Anders had no idea how much money his collection would amount to. However, you may visit "Cookie Settings" to provide a controlled consent. I wanted to fill five five-gallon water jugs. Then, one day, he decided to turn in the loose change. 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. 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. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. The cookie is used to store the user consent for the cookies in the category "Performance". 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. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. "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. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. It has long been said that time is the most valuable commodity. All rights reserved. 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.Im not sure exactly, Anders said. It reportedly took five hours for machines to count all the change. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. 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.. It'll go toward a recent dental bill, the Ruston Daily Leader reported. AREVIK 25.12.2022 1.1k. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. By Laurie Hanna. 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. You have to find 100 of them to get a dollar - it is a lot of work. How would they be able to count all these pennies? 2023 FOX News Network, LLC. Senior vice president of the Origin Bank in Ruston, Louisiana, Ryan Kilpatrick said that they were not prepared for such a huge amount to come rolling through their bank. This material may not be published, broadcast, rewritten, 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. into his account to go toward a recent dental bill. Which side of value did they fall under? The 73-year-old's homeowner's insurance didn't cover his collection, he told ABC News, that although he long ago surpassed his goal of filling five 5-gallon water jugs with coins, he found himself unable to stop collecting. Cool, isnt it? But Edmond Knowles did. How would they be able to count all these pennies? Quotes displayed in real-time or delayed by at least 15 minutes. Anders sheepishly laughed with her before pleading with her again. We value his business, as we do all of our customers, Cole said. And they werent the only establishment to do so. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. Guy Who Saved Pennies For 45 Years Just Cashed Out. 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. You know you see pennies all over. This meant that he soon had more pennies than he knew what to do with. "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. 24/7 coverage of breaking news and live events. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. "But if we can help Anders with his endeavors, we are happy to do so.". 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 penny was an additional God-given incentive reminding me to always be thankful," said Anders, 73. 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. 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. It was actually his religion that started the penny collecting. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. I know its a crazy amount but this is a dear collection of mine that I need to cash out. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. 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. 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. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. 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. 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. 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! Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. How many are there?, she asked. The counting and processing of the coins took a total of about five hours, according to the News-Star. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. He watched over in-school suspended children and absolutely loved his job. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. 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. Anders said he started collecting the coins in the late-1960s. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Nancy Bergeron/Ruston Daily Leader And they werent the only establishment to do so. I never failed to do that. This 73-Year-Old Man Has Collected Pennies For 45 Years And Now He's Cashing Out For 45 years, Otha Anders saved his pennies. But he still had some cash left over which he put towards a family trip and church donations. 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. News-Star. Little did he know, just how many gifts he was going to receive. But what was he going to do with his saved money? 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. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. (Fox 14) A Louisiana man who collected pennies for almost half a . But what was he going to do with his saved money? Although Anders didnt have time on his side, he did have volume. -- 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. He also started making more and decisions that would give him more pennies. The final amount was certainly not small. 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.". He never knew just how much money he would make. 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. This website uses cookies to improve your experience while you navigate through the website. Youtube / Kray K News. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. Mutual Fund and ETF data provided by Refinitiv Lipper. Even though one particular hobby of his raised a few eyebrows. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. 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. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. 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 started collecting pennies in the early 1970's. He would just find them and save them. 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. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. "I would break a dollar before giving up a penny. 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. Part of HuffPost News. 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. The total came out to a whopping $5,136. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. As it turns out, he knew Anders quite well Anders was a longtime, loyal customer who never gave them any problems so immediately knew the manager wanted to help him. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. 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.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've successfully subscribed to this newsletter! 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. 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. 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. It escalated from there. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. 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. In all, Anders had collected enough pennies to earn him over $5,000! The woman stared at him in disbelief. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? Quotes displayed in real-time or delayed by at least 15 minutes. These cookies ensure basic functionalities and security features of the website, anonymously. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. 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. Every penny he had, he kept. Otha Anders, 73, does. "He did likewise with pennies for me.". Anders and his friends hauled in the containers one by one. 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. Man cashes in pennies he's been saving for 45 years. 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. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! Photo credit: United News International / YouTube. But when they finally did, the actual amount Anders had saved all these years was incredible! Legal Statement. "I would never spend a penny," he said. We also use third-party cookies that help us analyze and understand how you use this website. 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