So he decided it was time to cash in. Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." "He did likewise with pennies for me.". Although Anders didnt have time on his side, he did have volume. But if we can help Anders with his endeavors, we are happy to do so.. 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. 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. "I would never spend a penny,"he said. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Legal Statement. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. How would they be able to count all these pennies? The machine bags had to be changed for every $50. Turn on desktop notifications for breaking stories about interest? Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. 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. This material may not be published, broadcast, rewritten, There have been days where I failed to pray, and more often than not, a lost or dropped penny would show up to remind me.. Here was a man who certainly lived by the adage "See a penny, pick it up. 2023 FOX News Network, LLC. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. 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. We value his business, as we do all of our customers, 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. He never knew just how much money he would make. He started collecting pennies in the early 1970s. 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. He watched over in-school suspended children and absolutely loved his job. It has long been said that time is the most valuable commodity. 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. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. 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. 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. The coin reminded him to pray and give thanks. into his account to go toward a recent dental bill. These cookies track visitors across websites and collect information to provide customized ads. 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. Photo credit: United News International / YouTube. 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. It seems like Anders' steady patience and consistent well-wishing has paid off for him. We may earn a commission from links on this page. Youtube / Kray K News. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. 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. These cookies ensure basic functionalities and security features of the website, anonymously. 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. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. Do Not Sell or Share My Personal Information. Louisiana man cashes in penny collection to the tune of $5,000. Guess Who Her Dad Is. Then, one day, he decided to turn in the loose change. 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. 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. 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 was a problem that left him devastated. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. Cool, isnt it? Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. But what was he going to do with his saved money? 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. In the end, Anders was always fair about how he came across his pretty 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. (Fox 14) A Louisiana man who collected pennies for almost half a . This website uses cookies to improve your experience while you navigate through the website. Employees gathered to see the first five-gallon container being counted. 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. Hed been saving pennies he found on the street for 45 long years. Believe me, if I had it my way, Id keep these pennies forever. This cookie is set by GDPR Cookie Consent plugin. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. I would say hes done a lot of collecting over the years.. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. 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. "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. Total Savings. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. "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." Their eyes popped as they took in the sight of the sheer amount of pennies. 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. All of the kids love him and he was happy to look after them. Thats especially true when it comes to coins - but - only certain kinds of coins. "I wanted the inner satisfaction that God and I acquired this collection.". "I became convinced that spotting a lost or dropped. 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. 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. Anders worried they would turn him away. The coin reminded him to pray and give thanks. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. Im not sure exactly, Anders 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. I would guesstimate about 400-500,000 pennies?. And as he got older his connection to god only felt stronger for it. What began as something fun turned into a full-blown obsession and an all-consuming hobby. 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. But when they finally did, the amount Anders had saved all these years was incredible! 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 break a dollar before giving up a penny.". 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. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. When the 77 year old man from Louisiana was asked what motivated him, he said that finding a penny on the ground was akin to a sign from God, reminding him that he should always be thankful. He would just find them and save them. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. This soon became an obsession until he started saving his own pennies for his hobby. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. Necessary cookies are absolutely essential for the website to function properly. He approached the questionable expression behind the desk and asked them to cash his pennies in. 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. And with hundreds of thousands of coins, perhaps one had a valuable error. 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. Who would have thought a penny a day could someday bring you $5k! The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. For Anders, the process of collecting the coins meant more than the money he would make. All rights reserved. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years.For anyone whos trying to work it out, thats $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. The final amount was certainly not small. With all the pennies this guy had, he must've been very, very lucky. This penny reminded him to give thanks for the small but wonderful things that happen in life. 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. (Fox 14). We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. Everyone was staring at him.She looked at him in disbelief. He was reluctant to give his years of work away, but Anders also said that he has not lost the joy that comes from collecting coins. Market data provided by Factset. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. I never failed to do that. Man saves coins for 45 years, cashes in over $5,000 in pennies. If I hadnt turned them in yesterday, I was not going to stop.. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. Powered and implemented by FactSet Digital Solutions. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. Otha Anders cashed in his giant penny collection. But when they finally did, the actual amount Anders had saved all these years was incredible!When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. Market data provided by Factset. 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. Wow. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. Once the first penny was saved, there was no stopping Anders from growing his collection to become the record-breaker that it was in 2015. It all just started that one day when he found a penny in the street; he went on to collect more. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. 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. Anders and his friends hauled in the containers one by one. RUSTON, La. 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. 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. It may inspire them to start a collection of their own. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. 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! That was the goal, but I couldnt stop. RUSTON, La. How would they be able to count all these pennies? I wanted the inner satisfaction that God and I acquired this collection.. 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. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. '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. News-Star. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. They were much heavier than youd think, and not to mention, there were fifteen of them! 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. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. Thats especially true when it comes to coins but only certain kinds of coins. This means that on an average day, he had collected around 31 pennies. Part of HuffPost News. Published: 10/28/2015 8:46:47 AM. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. The same with coins that hold an error. Coins made of base metals, such as aluminum, have very little worth. 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. 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. Their worth is even less still if the government issuing the coins no longer exists. Anders had put all the pennies he found into water jugs. I would never spend a penny, he told the News-Star. But the amount he eventually managed to collect was staggering. than 45 years ago when he found it on the ground. His quirky hobby turned out to be a brilliant reminder of how much little things matter. You know you see pennies all over. Analytical cookies are used to understand how visitors interact with the website. Man cashes in pennies he's been saving for 45 years. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. 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 took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. But if we can help Anders with his endeavors, we are happy to do so.. He watched suspended kids and loved his job. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. 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. These cookies will be stored in your browser only with your consent. Share away, people! Thats what happened to the owner of a 1943-S Lincoln Wheat penny. 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. 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! This meant that he soon had more pennies than he knew what to do with. 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. And they werent the only establishment to do so. How long has Otha Anders been saving his pennies? He looked at lost old pennies on the floor as his very own personal gift from God. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. All eyes were on the man pulling the trolley behind him. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. "He did likewise with pennies for me." We value his business, as we do all of our customers, Cole said. I know its a crazy amount but this is a dear collection of mine that I need to cash out. Although Anders didnt have time on his side, he did have volume. Your health is important to us. He took it as a sign to pray and give thanks. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. Anders says he plans to use the cash to help pay a dental bill. Man Cashes In 500,000 Pennies Collected Over 45 Years. The woman stared at him in shock. 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. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. La. Jul 2, 2018. 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. However, Anders always made sure that every penny that came his way from others was compensated properly. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Updated: 8:46 AM EDT October 28, 2015 . It was a reminder to me to always be thankful," he added. Who would have thought a penny a day could someday bring you $5k! . By Christie. 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. Anders sheepishly laughed with her before pleading to her again. 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 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. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. I 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. It took the bank over 5 hours to count the money and thats through a machine! He cashed in the coins to the Ruston Origin Bank, in Ruston, La. 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. 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 is a staggering number! The woman gave Anders a long look before calling her manager. Copyright 2012-2023 Social Sweethearts GmbH. Anders took his haul to the Ruston Origin Bank. October 29, 2015 By Coin Update 13 Comments. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! You've successfully subscribed to this newsletter! A Maryland Dumping Site Was Actually A Black Cemetery. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. 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. Quotes displayed in real-time or delayed by at least 15 minutes. 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. 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. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. The cookies is used to store the user consent for the cookies in the category "Necessary". "I would never spend a penny," he told the Star. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. It was actually his religion that started the penny collecting. 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! But that's not all. 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 Finally Cashes Out. 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. He felt that every penny he found was a gift from God, but he had no idea that he would find many more gifts throughout his life. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. Quotes displayed in real-time or delayed by at least 15 minutes. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. They remind him to stay thankful, he says. Anders kept his pennies in five-gallon plastic jugs. The 73-year-old had a family of his own. 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. 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. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. 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. Otha Anders cashed in his giant penny collection. 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. Never allowed anyone, not even my wife nor children, to me... Obsev.Com all Rights Reserved, man who saved pennies for me. `` love him and he was serious! Coin collection that resulted in a quite a collection of mine that need! Visitors interact with the website for it cash to help pay a dental bill trolley behind him crazy but. No longer exists saved money 73-year-old from Ruston, Louisiana to cash in first five-gallon container being counted the he! This page to God only felt stronger for it almost half a Brown! 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