"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. How many were in there? 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! 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Im not sure exactly, Anders said. Its shocking, for sure, he told ABC News. All of the kids love him and he was happy to look after them. https://www.youtube.com/watch?v=Orav4IyjgtE. In the end, Anders was always fair about how he came across his pretty pennies. He had saved pennies for most of his life a whole 45 years. 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. 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. We value his business, as we do all of our customers, Cole said. Anders loved his pennies, they were his prized collection. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. Market data provided by Factset. He started collecting pennies in the early 1970's. He would just find them and save them. Which side of value did they fall under? As the report tells it, Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. To Anders, 73, the pennies represent more than a nice pay day. It escalated from there. This penny reminded him to give thanks for the small but wonderful things that happen in life. He had no idea yet, but that effort resulted in a fortune, and it was all for him. Guy Who Saved Pennies For 45 Years Just Cashed Out. This soon became an obsession until he started saving his own pennies for his hobby. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. This man had saved pennies for 45 years and just picked them up from the street. We may earn a commission from links on this page. 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. Change for the better: Man cashes in 45-year penny collection worth $5,000. RUSTON, La. 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 process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. 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. And with hundreds of thousands of coins, perhaps one had a valuable error. 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. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. 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. They remind him to stay thankful, he says. Man cashes in pennies he's been saving for 45 years. Mutual Fund and ETF data provided by Refinitiv Lipper. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. This cookie is set by GDPR Cookie Consent plugin. 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. Anders collected pennies for 45 years until he had filled up . (Fox 14) A Louisiana man who collected pennies for almost half a . He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. Jul 2, 2018. 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. "We value his business, as we do all of our customers," she said. Thats especially true when it comes to coins - but - only certain kinds of coins. But why? Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? The woman stared at him in disbelief. By clicking Accept All, you consent to the use of ALL the cookies. 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. 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. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. You know you see pennies all over. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. 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. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! "Anders will inform us on where he wants the cashed-in money to be placed," she said. It squeaked and squawked as the wheels turned in pursuit. "I wanted the inner satisfaction that God and I acquired this collection.". He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. He always made sure that his change had pennies in it. I would guesstimate about 400-500,000 pennies?. And they werent the only establishment to do so. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. 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. Anders said he would be truly remiss if he did not acknowledge his friend, Jack 'Domino Kid' Brown, for helping him with his penny collection. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. The manager of Ed's. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. We also use third-party cookies that help us analyze and understand how you use this website. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. than 45 years ago when he found it on the ground. But now, he was about to find out. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. I would never spend a penny, he told the News-Star. Who would have thought a penny a day could someday bring you $5k! How many?, the woman asked. He looked at lost old pennies on the floor as his very own personal gift from God. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. "I would never spend a penny," he told the Star. 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. He took it as a sign to pray and give thanks. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. 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. Guess Who Her Dad Is. By. 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. "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.". Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. The plastic jugs were hacked open by an ax and hammer. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. 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. Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. "I would never spend a penny," he said. It took the bank over 5 hours to count the money and thats through a machine! The total came out to a whopping $5,136. into his account to go toward a recent dental bill. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Their eyes popped as they took in the sight of the sheer amount of pennies. It was actually his religion that started the penny collecting. The cookie is used to store the user consent for the cookies in the category "Other. "I would break a dollar before giving up a penny.". Otha Anders, 73, does. Disclaimer: All content is provided for fun and entertainment purposes only. 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. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. It all just started that one day when he found a penny in the street; he went on to collect more. This cookie is set by GDPR Cookie Consent plugin. I know its a crazy amount but this is a dear collection of mine that I need to cash out. Copyright 2012-2023 Social Sweethearts GmbH. 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. Anders sheepishly laughed with her before pleading to her again. 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. All rights reserved. 2023 FOX News Network, LLC. It was a reminder to me to always be thankful," he added. The 73-year-old had a family of his own. "I would never spend a penny," Anders said. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. 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. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. The trolley wheels squeaked as he walked into the bank. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. And with hundreds of thousands of coins, perhaps one had a valuable error. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. -- 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. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. "I have not spent a penny in 40-plus years. 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. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! What began as something fun turned into a full-blown obsession and an all-consuming hobby. "I would break a dollar before I would spend a penny," he said. I would say hes done a lot of collecting over the years.. He watched over in-school suspended children and absolutely loved his job. 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. "But if we can help Anders with his endeavors, we are happy to do so.". "I became convinced that. According to the . 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. Its shocking, for sure, he said. I would break a dollar before giving up a penny.. 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. The woman gave Anders a long look before calling her manager. 2023 BuzzFeed, Inc. All rights reserved. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . 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. Powered and implemented by FactSet Digital Solutions. "I would never spend a penny,"he said. What if you collected pennies as a hobby? It was a problem that left him devastated. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. 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. If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. Anders worried they would turn him away. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. Anders is a beautiful example of how all of us can learn to be thankful for the small things. All eyes were on the man pulling the trolley behind him. But the amount he eventually managed to collect was staggering. Nancy Bergeron/Ruston Daily Leader Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? Employees gathered to see the first five-gallon container being counted. Not many people think too much of a penny it is just one cent. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. By Laurie Hanna. 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. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. However, you may visit "Cookie Settings" to provide a controlled consent. I wanted to fill five five-gallon water jugs. Anders had put all the pennies he found into water jugs. An error in the coin made it extremely valuable, and its value could only keep growing over time. Anders worried they would turn him away. Legal Statement. 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. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! 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. Here was a man who certainly lived by the adage "See a penny, pick it up. Wow. But if we can help Anders with his endeavors, we are happy to do so.. "He did likewise with pennies for me.". Could you have the discipline to collect coins for almost 50 years? 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. 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. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. This material may not be published, broadcast, rewritten, or redistributed. Guess how many pennies were in his 15 5-gallon jugs. 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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. Author: Frededreia Willis. "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. 2023 FOX News Network, LLC. "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. Then, one day, he decided to turn in the loose change. 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. 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. So he decided it was time to cash in. But why? But after collecting the one cent pieces for 45 years, you could have amassed a . It does not store any personal data. It was actually his religion that started the penny collecting. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. 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. As it turns out, he knew Anders quite well, Anders was a longtime, loyal customer who never gave them any problems so immediately knew they wanted to help him. Anders and his friends hauled in the containers one by one. Otha Anders cashed in his giant penny collection. These cookies track visitors across websites and collect information to provide customized ads. He started collecting pennies in the early 1970s. But what was he going to do with his saved money? Powered and implemented by FactSet Digital Solutions. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. How would they be able to count all these pennies? Anders says he plans to use the cash to help pay a dental bill. 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 all just started that one day when he found a penny in the street; he went on to collect more. The extra bonus of income came just in time for him to pay a medical bill. Man saves coins for 45 years, cashes in over $5,000 in pennies. "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." When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. While he only deposited them when he found. "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. How would they be able to count all these pennies? I know its a crazy amount but this is a dear collection of mine that I need to cash out. 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. Turn on desktop notifications for breaking stories about interest? Although Anders didnt have time on his side, he did have volume. Which side of value did they fall under? They were much heavier than youd think, and not to mention, there were fifteen of them! Total Savings. I wanted the inner satisfaction that God and I acquired this collection.. 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. They were much heavier than youd think, and not to mention, there were fifteen of them! 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. 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. "I would break a dollar before giving up a penny". 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. 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. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. If I hadnt turned them in yesterday, I was not going to stop.. RUSTON, La. And as he got older his connection to god only felt stronger for it.