How many are there?, she asked. This soon became an obsession until he started saving his own pennies for his hobby. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? 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. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. 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. But what was he going to do with his saved money? A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. Hed been saving pennies he found on the street for 45 long years. The woman stared at him in disbelief. It does not store any personal data. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. So he decided it was time to cash in. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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 the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. Man cashes in pennies he's been saving for 45 years. Employees gathered to see the first five-gallon container being counted. This means that on an average day, he had collected around 31 pennies. 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 had saved pennies for most of his life a whole 45 years. But now, he was about to find out. He couldnt believe it. They were much heavier than youd think, and not to mention, there were fifteen of them! Necessary cookies are absolutely essential for the website to function properly. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. AREVIK 25.12.2022 1.1k. But why? 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. The coin reminded him to pray and give thanks. So, he paid them for pennies? He started collecting pennies in the early 1970s. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. It took the bank over 5 hours to count the money and thats through a machine! How many?, the woman asked. Then, one day, he decided to turn in the loose change. An error in the coin made it extremely valuable, and its value could only keep growing over time. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. RUSTON, La. But if we can help Anders with his endeavors, we are happy to do so.. ", | Special to The (Monroe, La.) He had no idea, but clearly, this would result in a fortune. Otha Anders has collected over half a million pennies during the last 45 years. Who would have thought a penny a day could someday bring you $5k! . When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. 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. And with hundreds of thousands of coins, perhaps one had a valuable error. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. This cookie is set by GDPR Cookie Consent plugin. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? It seems that this small habit was a touching way for Anders to strengthen his relationship with God. The cookie is used to store the user consent for the cookies in the category "Performance". 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. It was a reminder to me to always be thankful," he added. . Anders worried they would turn him away. How would they be able to count all these pennies? The coin reminded him to pray and give thanks. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. "I would break a dollar before giving up a penny". In all, Anders had collected enough pennies to earn him over $5,000! "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. Share away, people! But his wife couldnt help but question one habit that he had had for the last 45 years. 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.". How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. Photo credit: United News International / YouTube. 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! 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. 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. What began as something fun turned into a full-blown obsession and an all-consuming hobby. However, Anders always made sure that every penny that came his way from others was compensated properly. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. than 45 years ago when he found it on the ground. "I would break a dollar before giving up a penny.". The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. Not many people think too much of a penny it is just one cent. Thats especially true when it comes to coins but only certain kinds of coins. 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. Scientists Have Linked Selfies To Narcissism, Addiction And Mental Illness, Essential Oils And Brain Injuries: Heres What You Are Not Being Told, Rare Monkeypox Virus Has Started Reappearing, Heres What You Need To Know, Heart Surgeon Speaks Out About The True Cause Of Heart Disease, Kind FedEx Driver Shovels Snow Off Womans Porch When He Learns Her Husband Died, Man Builds A Tiny Blue House At Narrow Alley As Revenge To Stop Neighbors From Using It, I Dont Want To Live Anymore And I Want To Die. Read This First. Who would have thought a penny a day could someday bring you $5k! If I hadnt turned them in yesterday, I was not going to stop.. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 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. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. However, thats not true for all coins. Change for the better: Man cashes in 45-year penny collection worth $5,000. How many?, the woman asked. "I wanted the inner satisfaction that God and I acquired this collection.". For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. 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. But after collecting the one cent pieces for 45 years, you could have amassed a . He also started making more and decisions that would give him more pennies. I would say hes done a lot of collecting over the years.. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. The 73-year-old had a family of his own. RUSTON, La. -- 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. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. But what was he going to do with his saved money? "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. Guess Who Her Dad Is. Man saves coins for 45 years, cashes in over $5,000 in pennies. The counting and processing of the coins took a total of about five hours, according to the News-Star. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. It seems like Anders steady patience and consistent well-wishing has paid off for him. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. Guess how many pennies were in his 15 5-gallon jugs. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. Anders had put all the pennies he found into water jugs. . into his account to go toward a recent dental bill. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. But that's not all. The cookie is used to store the user consent for the cookies in the category "Analytics". What if you collected pennies as a hobby? Otha Anders started collecting pennies in the late 1960s. Quotes displayed in real-time or delayed by at least 15 minutes. However, you may visit "Cookie Settings" to provide a controlled consent. 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 never knew just how much money he would make. 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. But why? Soon his collection reached a full fifteen of them! For Anders, the process of collecting the coins meant more than the money he would make. But when they finally did, the actual amount Anders had saved all these years was incredible! "I became convinced that spotting a lost or dropped. Coins made of base metals, such as aluminum, have very little worth. Our content is created to the best of our knowledge, yet it is of general nature and cannot in any way substitute an individual consultation by your doctor. By clicking Accept All, you consent to the use of ALL the cookies. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. Im not sure exactly, Anders said. 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. 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! Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. 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 all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. 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. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. This material may not be published, broadcast, rewritten, or redistributed. Anders said he started collecting the coins in the late-1960s. If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. 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. 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. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. 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. Thats especially true when it comes to coins - but - only certain kinds of coins. He watched suspended kids and loved his job. These cookies ensure basic functionalities and security features of the website, anonymously. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? Although Anders didnt have time on his side, he did have volume. And they werent the only establishment to do so. According to the . Otha Anders saved his first penny more than 45 years ago when he found it on the ground. This cookie is set by GDPR Cookie Consent plugin. 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 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! Author: Frededreia Willis. Market data provided by Factset. 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. "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.". 2023 FOX News Network, LLC. "We value his business, as we do all of our customers," he said. This website uses cookies to improve your experience while you navigate through the website. "We value his business, as we do all of our customers," she said. 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. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. All rights reserved. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Quotes displayed in real-time or delayed by at least 15 minutes. Photo credit: United News International / YouTube. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. It was a problem that left him devastated. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . Anders said, I would never spend a penny, I would break a dollar before giving up a penny. When the children he looked after figured out how important pennies were to him, they wanted to contribute. Updated: 8:46 AM EDT October 28, 2015 . Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. 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 takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. October 29, 2015 By Coin Update 13 Comments. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. Analytical cookies are used to understand how visitors interact with the website. "I became convinced that. Anders had no idea how much money his collection would amount to. You have to find 100 of them to get a dollar it is a lot of work. Otha Anders, 73, does. "But if we can help Anders with his endeavors, we are happy to do so.". They were much heavier than youd think, and not to mention, there were fifteen of them! The total came out to a whopping $5,136. Could you have the discipline to collect coins for almost 50 years? Anders sheepishly laughed with her before pleading to her again. 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. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. I would break a dollar before giving up a penny.. Anders collected pennies for 45 years until he had filled up . I know its a crazy amount but this is a dear collection of mine that I need to cash out. 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. Anders' coin collecting habit started when he found a penny on the street decades ago. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. It escalated from there. Which side of value did they fall under? The woman stared at him in shock. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. His quirky hobby turned out to be a brilliant reminder of how much little things matter. "I would break a dollar before I would spend a penny," he said. And as he got older his connection to god only felt stronger for it. 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. 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. I would guesstimate about 400-500,000 pennies?. And they werent the only establishment to do so. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. The final amount was certainly not small. You've successfully subscribed to this newsletter! 24/7 coverage of breaking news and live events. And as he got older his connection to god only felt stronger for it. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. All Rights Reserved. "He did likewise with pennies for me." The machine bags had to be changed for every $50. We may earn a commission from links on this page. It was actually his religion that started the penny collecting. Anders says he plans to use the cash to help pay a dental bill. 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! Otha Anders cashed in his giant penny collection. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. This meant that he soon had more pennies than he knew what to do with. 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Anders loved his pennies, they were his prized collection. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! That amount was deposited into his account Tuesday to go toward a recent dental bill. Which side of value did they fall under? Anders worried they would turn him away. 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. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. I would never spend a penny, he told the News-Star. These cookies track visitors across websites and collect information to provide customized ads. A Maryland Dumping Site Was Actually A Black Cemetery. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? 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. The extra bonus of income came just in time for him to pay a medical bill. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Disclaimer: All content is provided for fun and entertainment purposes only. But the amount he eventually managed to collect was staggering. "But if we can help Anders with his endeavors, we are happy to do so.". The 73-year-old has some modest plans to spend his money. But what about Anders coins? "Anders will inform us on where he wants the cashed-in money to be placed," she said. 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. It was actually his religion that started the penny collecting. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. I wanted to fill five five-gallon water jugs. In the end, Anders was always fair about how he came across his pretty 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. That is a lot of pennies. '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. 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. You know you see pennies all over. La. He looked at lost old pennies on the floor as his very own personal gift from God. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. 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. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. 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. That was the goal, but I couldnt stop. 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. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. It would go towards his recent dental bill, he told theNews Star. By Christie. 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. "I would never spend a penny,"he said. 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. Establishment to do so. `` Anders got a penny on the street decades ago of! Up for 45 years, you may visit `` cookie Settings '' provide... Of the website to function properly an additional God-given incentive reminding me always... A controlled consent commission from links on this page walks, he remembered reading about a coin that... He found into water jugs better: man cashes in 45-year penny collection $. A collection of mine that I need to cash out most of his time... To get a dollar before giving up a penny, he puts inside the water! 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