But what was he going to do with his saved money? Its shocking, for sure, he said. He never knew just how much money he would make. Quotes displayed in real-time or delayed by at least 15 minutes. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. Mutual Fund and ETF data provided by Refinitiv Lipper. But his wife couldnt help but question one habit that he had had for the last 45 years. Believe me, if I had it my way, Id keep these pennies forever. The extra bonus of income came just in time for him to pay a medical bill. "I would break a dollar before giving up a penny.". However, you may visit "Cookie Settings" to provide a controlled consent. If I hadnt turned them in yesterday, I was not going to stop.. It was a reminder to me to always be thankful," he added. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. Anders collected pennies for 45 years until he had filled up . This soon became an obsession until he started saving his own pennies for his hobby. NEW YORK DAILY . Then, one day, he decided to turn in the loose change. 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. Otha Anders was a 73-year-old who worked with the Jackson School Board. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. So he decided it was time to cash in. It'll go toward a recent dental bill, the Ruston Daily Leader reported. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. Do Not Sell or Share My Personal Information. He always made sure that his change had pennies in it. The plastic jugs were hacked open by an ax and hammer. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. Man saves coins for 45 years, cashes in over $5,000 in pennies. Change for the better: Man cashes in 45-year penny collection worth $5,000. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. "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. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? 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. But now, he was about to find out. -- 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. 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. Cool, isnt it? 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. All eyes were on the man pulling the trolley behind him. Otha Anders has collected over half a million pennies during the last 45 years. All Rights Reserved. That was the goal, but I couldnt stop. Published: 10/28/2015 8:46:47 AM. 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! It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. 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 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. Legal Statement. It would go towards his recent dental bill, he told theNews Star. How many are there?, she asked. 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. 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. Its unclear how much his collection weighed, but using the U.S. Mints estimate of 2.5 grams a coin, it might have been around 2,800 pounds. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. or redistributed. AREVIK 25.12.2022 1.1k. They were much heavier than youd think, and not to mention, there were fifteen of them! Anders sheepishly laughed with her before pleading to her again. "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. The cookie is used to store the user consent for the cookies in the category "Analytics". Author: Frededreia Willis. However, Anders always made sure that every penny that came his way from others was compensated properly. Powered and implemented by FactSet Digital Solutions. Not many people think too much of a penny - it is just one cent. "I would never spend a penny," Anders said. 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. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. I know its a crazy amount but this is a dear collection of mine that I need to cash out. The total came out to a whopping $5,136. In the end, Anders was always fair about how he came across his pretty pennies. 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 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. Otha Anders cashed in his giant penny collection. The trolley wheels squeaked as he walked into the bank. Thats especially true when it comes to coins - but - only certain kinds of coins. "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.". 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. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. 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. 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. Soon his collection reached a full fifteen of them! He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. 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. into his account to go toward a recent dental bill. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. We value his business, as we do all of our customers, Cole said. A Maryland Dumping Site Was Actually A Black Cemetery. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? 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. But what about Anders coins? What if you collected pennies as a hobby? Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. Otha Anders, 73, does. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. 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. Total Savings. Legal Statement. But now, he was about to find out. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. Man Cashes In 500,000 Pennies Collected Over 45 Years. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. He had no idea yet, but that effort resulted in a fortune, and it was all for him. 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. How long has Otha Anders been saving his pennies? 2023 FOX News Network, LLC. 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. 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. It has long been said that time is the most valuable commodity. This penny reminded him to give thanks for the small but wonderful things that happen in life. Their worth is even less still if the government issuing the coins no longer exists. Powered and implemented by FactSet Digital Solutions. This website uses cookies to improve your experience while you navigate through the website. October 29, 2015 By Coin Update 13 Comments. This material may not be published, broadcast, rewritten, 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. Which side of value did they fall under? 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. It escalated from there. RUSTON, La. Anders and his friends hauled in the containers one by one. Not many people think too much of a penny it is just one cent. But what was he going to do with his saved money? 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! It was a problem that left him devastated. The final amount was certainly not small. Anders says he plans to use the cash to help pay a dental bill. Coins made of base metals, such as aluminum, have very little worth. "Anders will inform us on where he wants the cashed-in money to be placed," she said. "But if we can help Anders with his endeavors, we are happy to do so.". The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. How many were in there? "I would break a dollar before giving up a penny". 24/7 coverage of breaking news and live events. It all just started that one day when he found a penny in the street; he went on to collect more. "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. However, thats not true for all coins. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. This cookie is set by GDPR Cookie Consent plugin. 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. 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. Quotes displayed in real-time or delayed by at least 15 minutes. The 73-year-old has some modest plans to spend his money. I would break a dollar before giving up a penny.. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. 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. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. 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. The News-Star reports that employees at Ruston . He would just find them and save them. 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. Even though one particular hobby of his raised a few eyebrows. . Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. And they werent the only establishment to do so. It reportedly took five hours for machines to count all the change. 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. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! With all the pennies this guy had, he must've been very, very lucky. 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. Part of HuffPost News. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. (Fox 14). "But if we can help Anders with his endeavors, we are happy to do so.". But if we can help Anders with his endeavors, we are happy to do so.. Everyone was staring at him.She looked at him in disbelief. 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. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. Employees gathered to see the first five-gallon container being counted. Coins made of base metals, such as aluminum, have very little worth. I would guesstimate about 400-500,000 pennies?. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? 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. 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. He explained to the outlet the coins hold meaning for him. The woman stared at him in shock. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". An error in the coin made it extremely valuable, and its value could only keep growing over time. than 45 years ago when he found it on the ground. 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. He had saved pennies for most of his life a whole 45 years. The coin reminded him to pray and give thanks. Asian-American Affairs Reporter, HuffPost. 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. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. So, he paid them for pennies? Thats especially true when it comes to coins but only certain kinds of coins. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. The pennies were then poured into the coin machine with small plastic buckets. Here was a man who certainly lived by the adage "See a penny, pick it up. This material may not be published, broadcast, rewritten, or redistributed. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. And you think we have the time to count half a million pennies for you? she laughed. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. Copyright 2012-2023 Social Sweethearts GmbH. — -- 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. 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