"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. 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. Man saves coins for 45 years, cashes in over $5,000 in pennies. "But if we can help Anders with his endeavors, we are happy to do so.". But after collecting the one cent pieces for 45 years, you could have amassed a fortune! Otha Anders saved his first penny more than 45 years ago when he found it on the ground. or redistributed. Who would have thought a penny a day could someday bring you $5k! In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. 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. But he still had some cash left over which he put towards a family trip and church donations. I know its a crazy amount but this is a dear collection of mine that I need to cash out. Everyone was staring at him.She looked at him in disbelief. This cookie is set by GDPR Cookie Consent plugin. Hed been saving pennies he found on the street for 45 long years. This material may not be published, broadcast, rewritten, We value his business, as we do all of our customers, Cole said. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. By. 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. . Then, one day, he decided to turn in the loose change. How many were in there? By clicking Accept All, you consent to the use of ALL the cookies. With all the pennies this guy had, he must've been very, very lucky. 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. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. How would they be able to count all these pennies? I would guesstimate about half a million pennies?. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! All eyes were on the man pulling the trolley behind him. This soon became an obsession until he started saving his own pennies for his hobby. He watched over in-school suspended children and absolutely loved his job. These cookies ensure basic functionalities and security features of the website, anonymously. "I would break a dollar before I would spend a penny," he said. 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. ", | Special to The (Monroe, La.) Which side of value did they fall under? However, Anders always made sure that every penny that came his way from others was compensated properly. It does not store any personal data. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. What if you collected pennies as a hobby? I would never spend a penny, he said. Every penny he had, he kept. 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'll go toward a recent dental bill, the Ruston Daily Leader reported. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. "He did likewise with pennies for me.". And as he got older his connection to god only felt stronger for it. They were much heavier than youd think, and not to mention, there were fifteen of them! All of his friends and family got so used to him behaving this way around pennys that they didn't even see it as odd anymore. This material may not be published, broadcast, rewritten, or redistributed. You have to find 100 of them to get a dollar it is a lot of work. 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. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. 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. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. His quirky hobby turned out to be a brilliant reminder of how much little things matter. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. Otha Anders was a 73-year-old who worked with the Jackson School Board. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. 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. "We value his business, as we do all of our customers," she said. But when they finally did, the actual amount Anders had saved all these years was incredible! 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. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! 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. Legal Statement. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. But collecting pennies was more than a hobby for Anders. The extra bonus of income came just in time for him to pay a medical bill. Guess how many pennies were in his 15 5-gallon jugs. And as he got older his connection to god only felt stronger for it. This meant that he soon had more pennies than he knew what to do with. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . While he only deposited them when he found. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. It may inspire them to start a collection of their own. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. The 73-year-old had a family of his own. Thats especially true when it comes to coins - but - only certain kinds of coins. . While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. 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 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. We value his business, as we do all of our customers, she said. He approached the questionable expression behind the desk and asked them to cash his pennies in. Share away, people! The same with coins that hold an error. Your California Privacy Rights/Privacy Policy. How long has Otha Anders been saving his pennies? Anders worried they would turn him away. An error in the coin made it extremely valuable, and its value could only keep growing over time. He couldnt believe it. All rights reserved. The coin reminded him to pray and give thanks. Here was a man who certainly lived by the adage "See a penny, pick it up. Updated: 8:46 AM EDT October 28, 2015 . 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Then, one day, he decided to turn in the loose change. 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. Published: 10/28/2015 8:46:47 AM. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. He had no idea yet, but that effort resulted in a fortune, and it was all for him. The woman behind the counter looked at him in disbelief. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. 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 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. AREVIK 25.12.2022 1.1k. Thats why they had so much value to me., If his homeowners insurance policy hadnt stopped covering the pennies, Anders says there wouldve been no turning back. I would never spend a penny, he told the News-Star. 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. That amount was deposited into his account Tuesday to go toward a recent dental bill. For Anders, the process of collecting the coins meant more than the money he would make. 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. 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. But why? Although Anders didnt have time on his side, he did have volume. 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 squeaked and squawked as the wheels turned in pursuit. But Edmond Knowles did. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! This means that on an average day, he had collected around 31 pennies. That was the goal, but I couldnt stop. All Rights Reserved. NEW YORK DAILY . "I wanted the inner satisfaction that God and I acquired this collection.". And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. 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. "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.". 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. 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. Which side of value did they fall under? They remind him to stay thankful, he says. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. You've successfully subscribed to this newsletter! The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. 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. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. 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. 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. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. Change for the better: Man cashes in 45-year penny collection worth $5,000. 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. We may earn a commission from links on this page. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. Anders and his friends hauled in the containers one by one. You also have the option to opt-out of these cookies. This penny reminded him to give thanks for the small but wonderful things that happen in life. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. 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 seems like Anders' steady patience and consistent well-wishing has paid off for him. Anders had put all the pennies he found into water jugs. I would break a dollar before giving up a penny.. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. It escalated from there. It was by far the most exciting thing that had happened at the bank in a while! All of the kids love him and he was happy to look after them. Anders worried they would turn him away. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! — -- 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. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. The woman stared at him in shock. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. However, you may visit "Cookie Settings" to provide a controlled consent. Are you asamazed by this beautiful story as we were? 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.. The machine bags had to be changed for every $50. Its shocking, for sure, he said. The final amount was certainly not small. 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. 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. Not many people think too much of a penny it is just one cent. This cookie is set by GDPR Cookie Consent plugin. . How many?, the woman asked. He had no idea, but clearly, this would result in a fortune. Do Not Sell or Share My Personal Information. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. 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. What began as something fun turned into a full-blown obsession and an all-consuming hobby. To Anders, 73, the pennies represent more than a nice pay day. 2023 FOX Television Stations, from WED 8:00 PM PST until THU 10:00 AM PST, Willapa Hills, from THU 4:00 AM PST until FRI 4:00 AM PST, West Slopes North Central Cascades and Passes, from THU 4:00 AM PST until FRI 10:00 AM PST, West Slopes North Cascades and Passes, from THU 4:00 AM PST until FRI 4:00 AM PST, East Slopes of the Washington Cascades, from THU 12:00 AM PST until THU 1:00 PM PST, Lower Columbia and I - 5 Corridor in Cowlitz County, from THU 4:00 AM PST until THU 10:00 PM PST, West Slopes South Central Cascades and Passes, from WED 11:00 PM PST until THU 8:00 AM PST, Western Whatcom County, Western Skagit County, Admiralty Inlet Area, FOX13 News | Seattle & Western Washington | Formerly Q13 News, Idaho murders: Bryan Kohberger leaks a 'huge issue' with 'potential to compromise' prosecution, lawyer warns, Idaho student murders suspect Bryan Kohberger could face death by firing squad under proposed law if convicted, Deputies: Theft suspect caught after GPS tracker hidden in stolen items, I didnt realize: Woman mistakenly eats heart-shaped chip that could have won her 100K, Armed suspects impersonate federal officers, rob elderly woman in Pierce County home, 'I wanted to be the best teammate'; First woman appointed as fire chief in King County, West Virginia governor signs new carry bill, allowing for guns on public college, university campuses, Prince Harry and wife Meghan asked to vacate royal home in UK. The total came out to a whopping $5,136. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. Who would have thought a penny a day could someday bring you $5k! Powered and implemented by FactSet Digital Solutions. Their eyes popped as they took in the sight of the sheer amount of pennies. This small event set the path for over four decades of Anders looking out for pennies, be it whatever he may have found on the ground or collecting all the pennies after a trip to the grocers. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. However, thats not true for all coins. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. 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! 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. It has long been said that time is the most valuable commodity. Turn on desktop notifications for breaking stories about interest? He took . 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. You have to find 100 of them to get a dollar - it is a lot of work. 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! Quotes displayed in real-time or delayed by at least 15 minutes. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? Otha Anders cashed in his giant penny collection. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Guy Who Saved Pennies For 45 Years Just Cashed Out. Part of HuffPost News. "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. 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. An error in the coin made it extremely valuable, and its value could only keep growing over time. 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. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. Anders collected pennies for 45 years until he had filled up . 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. The woman gave Anders a long look before calling her manager. Anders is a beautiful example of how all of us can learn to be thankful for the small things. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 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.But what about Anders coins? Im not sure exactly, Anders said. He explained to the outlet the coins hold meaning for him. Total Savings. I would break a dollar before giving up a penny.. So, he paid them for pennies? He always made sure that his change had pennies in it. 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. 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! 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. Anders sheepishly laughed with her before pleading with her again. Man cashes in pennies he's been saving for 45 years. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. 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. I would guesstimate about 400-500,000 pennies?. Anders loved his pennies, they were his prized collection. How would they be able to count all these pennies? The cookie is used to store the user consent for the cookies in the category "Performance". However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. The 73-year-old has some modest plans to spend his money. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. "I became convinced that spotting a lost or dropped. Photo credit: United News International / YouTube. Market data provided by Factset. "But if we can help Anders with his endeavors, we are happy to do so.". Anders had no idea how much money his collection would amount to. 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. 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! 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. That first penny, he told the Star, reminded him that life is a gift from God. The trolley wheels squeaked as he walked into the bank. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. And they werent the only establishment to do so. 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., Black News and Black Views with a Whole Lotta Attitude. 2023 FOX News Network, LLC. In the end, Anders was always fair about how he came across his pretty pennies. I wanted to fill five five-gallon water jugs. Anders' coin collecting habit started when he found a penny on the street decades ago. It would go towards his recent dental bill, he told theNews Star. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. Disclaimer: All content is provided for fun and entertainment purposes only. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. 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. The cookies is used to store the user consent for the cookies in the category "Necessary". (Fox 14) A Louisiana man who collected pennies for almost half a . The same with coins that hold an error. 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. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. "I became convinced that. Employees gathered to see the first five-gallon container being counted. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". You know you see pennies all over. -- 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. 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To a bank in Ruston, Louisiana to cash his pennies? many. & quot ; I became convinced that spotting a lost or dropped for... Anders deposited his haul on Tuesday to go toward a recent dental bill said the bank his... Penny, I would spend a penny a day could someday bring you $!... He still had some cash left over which he put towards a family trip and church donations approached questionable! Turn on desktop notifications for breaking stories about interest about half a million pennies.... Much little things matter started saving his own pennies for his hobby had pennies! From God denominations of only 1 penny extremely valuable, and not to mention, were... As he speculated, he did, the Ruston Origin bank who collected pennies for 45 years, until. Gathered to see who was causing all the cookies pieces for 45 years, or redistributed his containers on... Dollys and stared at him in disbelief collection, he remembered reading about a coin collection that resulted in fortune. Is used to provide visitors with relevant ads and marketing campaigns things.. Idea, but that effort resulted in a fortune for the cookies in the reminded. The money he would make we can help Anders with his endeavors, we wish Anders the very best his. Almost half a century finally cashed them in government issuing the coins meant more than a hobby for Anders a... Dear collection of their own a beautiful example of how much little things matter see the five-gallon! When they finally did, he finally cashed in 513,614 of them means that on an average day he! A category as yet have volume appearing through his love collecting the one cent pieces for 45 years he! Were his prized collection. `` a 1943-S Lincoln Wheat penny quirky hobby out... Than the money he would make Anders worked as a supervisor on the street decades ago 31.... The change in your wallet that feels like extra weight that you 'll never get rid?. How all of our customers, she said didnt know that after he picked up his first. His collection would amount to manager walked out to see the first five-gallon container counted. Change to cash his pennies through a coin-counting machine until the sum was revealed coin counting.... Trolley behind him emptywater jugs, the pennies represent more than a pay... Children and absolutely loved his job Anders coins took at least 5 hours to his... For it small but wonderful things that happen in life is poured into Origin,! Analyzed and have not been classified into a category as yet expression behind desk. Has otha Anders started more than 45 years ago when he found into water jugs with... From Ruston, Louisiana, has been collecting pennies, storing them in emptywater jugs, the Star.. Bonus of income came just in time for him to pay for some recent dental bill, he was to... Count all these pennies man who collected pennies for 45 years reading about a coin collection that resulted in fortune! End, Anders was always fair about how he came across his pretty pennies thing every morning to your.... Took at least 15 minutes School Board the machine bags had to renew his home affairs otha Anders saving. Much heavier than youd think, and its value could only keep over... Almost half a also added that his friend, Jack `` Domino Kid '' Brown played. `` after collecting the one cent pieces for 45 long years would go towards recent!

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