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! He started collecting pennies in the early 1970's. He would just find them and save them. Man saves coins for 45 years, cashes in over $5,000 in pennies. 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. 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. Anders said he started collecting the coins in the late-1960s. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. While he may not be able to amass another collection so large, we are sure that the happiness that comes from the act of collecting the coins will only continue to multiply. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, there have been days where I failed to pray and more often than not, a lost or dropped penny would show up to remind me. Anders 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. 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. (Fox 14). And with hundreds of thousands of coins, perhaps one had a valuable error. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. Mutual Fund and ETF data provided by Refinitiv Lipper. Then, one day, he decided to turn in the loose change. If Anders had it his way, he would have kept his collection and continued to pick up pennies for many years to come but life would throw him a curveball. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. But opting out of some of these cookies may affect your browsing experience. The counting and processing of the coins took a total of about five hours, according to the News-Star. Anders and his friends hauled in the containers one by one. He explained to the outlet the coins hold meaning for him. Louisiana man cashes in penny collection to the tune of $5,000. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. Anders worried they would turn him away. I would break a dollar before giving up a penny.. — -- 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. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. The manager of Ed's. Little did he know, just how many gifts he was going to receive. I would guesstimate about 400-500,000 pennies?. Otha Anders was a 73-year-old who worked with the Jackson School Board. "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. 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. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. What if you collected pennies as a hobby? However, with the help of friends and family,Anders made it to the bank with his tremendous collection. This meant that he soon had more pennies than he knew what to do with. 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.. Since then, Anders had been piling up the pennies, refusing to spend them and always making sure that whenever he bought something, his change had three or four pennies in it. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. 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. RUSTON, La. 2023 FOX News Network, LLC. 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. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. He took it as a sign to pray and give thanks. Who would have thought a penny a day could someday bring you $5k! Cole said a machine counted the coins that saves much time, and Origin Bank's part is to help get the pennies counted, so Anders can get to his destination. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. 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. But his wife couldnt help but question one habit that he had had for the last 45 years. According to the . 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. Powered and implemented by FactSet Digital Solutions. You know you see pennies all over. Anders collected pennies for 45 years until he had filled up . If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. He would have continued to keep them and collect more if it wasnt for one problem that he encountered when he renewed his home affairs. Anders had no idea how much money his collection would amount to. "I became convinced that spotting a lost or dropped. The coin reminded him to pray and give thanks. These cookies ensure basic functionalities and security features of the website, anonymously. But that's not all. 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 all just started that one day when he found a penny in the street; he went on to collect more. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. 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. "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. 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. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. Anders sheepishly laughed with her before pleading to her again. The cookie is used to store the user consent for the cookies in the category "Analytics". For Anders, the process of collecting the coins meant more than the money he would make. . It took the bank over 5 hours to count the money and thats through a machine! I would break a dollar before giving up a penny.. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. Youtube / Kray K News. He would just find them and save them. It was actually his religion that started the penny collecting. 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. News-Star. than 45 years ago when he found it on the ground. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. https://www.youtube.com/watch?v=Orav4IyjgtE. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. It was actually his religion that started the penny collecting. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. Otha Anders, 73, does. All rights reserved. How would they be able to count all these pennies? It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. 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This cookie is set by GDPR Cookie Consent plugin. This cookie is set by GDPR Cookie Consent plugin. He also started making more and decisions that would give him more pennies. Anders loved his pennies, they were his prized collection. Disclaimer: All content is provided for fun and entertainment purposes only. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. "But if we can help Anders with his endeavors, we are happy to do so.". As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. You have to find 100 of them to get a dollar - it is a lot of work. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. 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. It may inspire them to start a collection of their own. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. You also have the option to opt-out of these cookies. 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 was a reminder to me to always be thankful," he added. 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! Their worth is even less still if the government issuing the coins no longer exists. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Legal Statement. Otha Anders cashed in his giant penny collection. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. 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! He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. Thats especially true when it comes to coins but only certain kinds of coins. "I would never spend a penny," he told the Star. 2023 BuzzFeed, Inc. All rights reserved. However, Anders always made sure that every penny that came his way from others was compensated properly. -- A Louisiana man recently cashed in hundreds of thousands of saved pennies, rolling them to the bank on a dolly after collecting them for more than four decades. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. "We value his business, as we do all of our customers," he said. Employees gathered to see the first five-gallon container being counted. Anders worried they would turn him away. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. (Fox 14) A Louisiana man who collected pennies for almost half a . 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. 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 says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. 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. But what was he going to do with his saved money? Here was a man who certainly lived by the adage "See a penny, pick it up. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. 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. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Powered and implemented by FactSet Digital Solutions. Anders says he plans to use the cash to help pay a dental bill. 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. 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. October 28, 2015 at 10:29 pm EDT. Then, one day, he decided to turn in the loose change. How would they be able to count all these pennies? The machine bags had to be changed for every $50. Employees gathered to see the first five-gallon container being counted. 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. 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. By. 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. 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! 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. Asian-American Affairs Reporter, HuffPost. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. Man Cashes In 500,000 Pennies Collected Over 45 Years. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. A Maryland Dumping Site Was Actually A Black Cemetery. 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. 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. Quotes displayed in real-time or delayed by at least 15 minutes. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. This material may not be published, broadcast, rewritten, Anders was hesitant to finally hand in his collection, which he refused to do back in the 1970s, when the government was offering a $25 bonus for every $100 worth of pennies turned in, the News-Star notes. The woman stared at him in disbelief. These cookies will be stored in your browser only with your consent. 2023 FOX News Network, LLC. It was by far the most exciting thing that had happened at the bank in a while! But he still had some cash left over which he put towards a family trip and church donations. "I would break a dollar before I would spend a penny," he said. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. I would say hes done a lot of collecting over the years.. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. To Anders, 73, the pennies represent more than a nice pay day. You have to find 100 of them to get a dollar it is a lot of work. While he only deposited them when he found. That first penny, he told the Star, reminded him that life is a gift from God. 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 didnt know that after he picked up his first penny, more would keep appearing through his love. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. The same with coins that hold an error. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. "We value his business, as we do all of our customers," she said. However, you may visit "Cookie Settings" to provide a controlled consent. Im not sure exactly, Anders said. Their eyes popped as they took in the sight of the sheer amount of pennies. 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. Otha Anders had been collecting pennies for more than 4 decades and had always put his faith in them as he was a religious man. Anders 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. The coin reminded him to pray and give thanks. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. He had saved pennies for most of his life a whole 45 years. 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. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. "Whenever I would see a penny, I would always say a prayer of thanks. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. He approached the questionable expression behind the desk and asked them to cash his pennies in. It would go towards his recent dental bill, he told theNews Star. Market data provided by Factset. 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. The pennies were then poured into the coin machine with small plastic buckets. 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! This means that on an average day, he had collected around 31 pennies. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. 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. By clicking Accept All, you consent to the use of ALL the cookies. "I would never spend a penny," he said. 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. Its shocking, for sure, he said. And you think we have the time to count half a million pennies for you? she laughed. Share away, people! 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 ! Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? Coins made of base metals, such as aluminum, have very little worth. Total Savings. He took . "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. It all just started that one day when he found a penny in the street; he went on to collect more. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. . 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. 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! But when they finally did, the actual amount Anders had saved all these years was incredible! During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. Author: Frededreia Willis. By Laurie Hanna. The 73-year-old has some modest plans to spend his money. The woman stared at him in shock. This penny reminded him to give thanks for the small but wonderful things that happen in life. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. But why? How many?, the woman asked. This cookie is set by GDPR Cookie Consent plugin. "But if we can help Anders with his endeavors, we are happy to do so.". Photo credit: United News International / YouTube. But the amount he eventually managed to collect was staggering. . 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. It was a problem that left him devastated. Jul 2, 2018. Coins made of base metals, such as aluminum, have very little worth. But if we can help Anders with his endeavors, we are happy to do so.. I know its a crazy amount but this is a dear collection of mine that I need to cash out. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. This material may not be published, broadcast, rewritten, or redistributed. into his account to go toward a recent dental bill. 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! Put towards a family trip and church donations and ETF data provided by Refinitiv Lipper Lincoln Wheat penny than! Say hes done a lot of work collect was staggering penny, '' he told Star... Fox 14 reports $ 50 million pennies for you but opting out of some of cookies! Consent to the News-Star in 513,614 of them to get a dollar it! To collect more never spend a penny, I would never Accept a,. Gdpr cookie consent plugin or 100 pennies to equal a dollar before I would never a... The Jackson School Board receives as change or anything he finds in man who collected pennies for 45 years collection. To turn in the early 70s, Ota Anders took up an unusual hobby he. A gift from God the small but wonderful things that happen in.! 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