The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. 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. 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. Are you asamazed by this beautiful story as we were? Your California Privacy Rights/Privacy Policy. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. 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. Here was a man who certainly lived by the adage "See a penny, pick it up. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. News-Star. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. He took . 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. It seems like Anders steady patience and consistent well-wishing has paid off for him. But Edmond Knowles did. Youtube / Kray K News. "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. This penny reminded him to give thanks for the small but wonderful things that happen in life. A Maryland Dumping Site Was Actually A Black Cemetery. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. Anders worried they would turn him away. We also use third-party cookies that help us analyze and understand how you use this website. They remind him to stay thankful, he says. 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. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. 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. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. "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.". Author: Frededreia Willis. Turn on desktop notifications for breaking stories about interest? However, thats not true for all coins. 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. 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. 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. Anders sheepishly laughed with her before pleading to her again. 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. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. 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. Wow. You know you see pennies all over. That was the goal, but I couldnt stop. Anders had no idea how much money his collection would amount to. "I became convinced that spotting a lost or dropped. 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. But what was he going to do with his saved money? How many were in there? They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. Seventy Five Gallons "I would break a dollar before giving up a penny.". Copyright 2012-2023 Social Sweethearts GmbH. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. 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. This means that on an average day, he had collected around 31 pennies. Legal Statement. Everyone was staring at him.She looked at him in disbelief. This material may not be published, broadcast, rewritten, And you think we have the time to count half a million pennies for you? she laughed. I would break a dollar before giving up a penny.. It was a problem that left him devastated. October 28, 2015 at 10:29 pm EDT. 2023 FOX News Network, LLC. Little did he know, just how many gifts he was going to receive. The final amount was certainly not small. Anders and his friends hauled in the containers one by one. But the amount he eventually managed to collect was staggering. 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. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. What if you collected pennies as a hobby? This is a staggering number! This material may not be published, broadcast, rewritten, or redistributed. 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 cookie is set by GDPR Cookie Consent plugin. October 29, 2015 By Coin Update 13 Comments. Cool, isnt 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., Black News and Black Views with a Whole Lotta Attitude. All Rights Reserved. Otha Anders has collected over half a million pennies during the last 45 years. 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. "He did likewise with pennies for me." 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. An error in the coin made it extremely valuable, and its value could only keep growing over time. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. 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. 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. 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. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! It has long been said that time is the most valuable commodity. "But if we can help Anders with his endeavors, we are happy to do so.". The extra bonus of income came just in time for him to pay a medical bill.It is said that the world works in mysterious ways, and for Otha Anders and the result of his penny collection, that motto is certainly true! Which side of value did they fall under? He always made sure that his change had pennies in it. "We value his business, as we do all of our customers," she said. I would guesstimate about half a million pennies?. 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. Not many people think too much of a penny it is just one cent. 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. He started collecting pennies in the early 1970s. Coins made of base metals, such as aluminum, have very little worth. 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.. But if we can help Anders with his endeavors, we are happy to do so.. "He did likewise with pennies for me.". 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. 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. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? But what about Anders coins? Anders took his haul to the Ruston Origin Bank. 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! "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. He never knew just how much money he would make. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. The total came out to a whopping $5,136. However, Anders always made sure that every penny that came his way from others was compensated properly. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. But what was he going to do with his saved money? Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. Then, one day, he decided to turn in the loose change. The coin reminded him to pray and give thanks. 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. Over a few years, a random collection of coins can amount to a fancy night out or give you the exact amount to buya beautiful outfit. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. NEW YORK DAILY . 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. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. Breanna Edwards. He explained to the outlet the coins hold meaning for him. "I would break a dollar before I would spend a penny," he said. Otha Anders cashed in his giant penny collection. Anders loved his pennies, they were his prized collection. Published: 10/28/2015 8:46:47 AM. It was actually his religion that started the penny collecting. 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. 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. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. 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. 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. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. 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. 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. I would never spend a penny, he told the News-Star. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. You have to find 100 of them to get a dollar it is a lot of work. 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. And with hundreds of thousands of coins, perhaps one had a valuable error. The counting and processing of the coins took a total of about five hours, according to the News-Star. He approached the questionable expression behind the desk and asked them to cash his pennies in. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! Thats especially true when it comes to coins - but - only certain kinds of coins. This cookie is set by GDPR Cookie Consent plugin. Nancy Bergeron/Ruston Daily Leader All of the kids love him and he was happy to look after them. 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. Jul 2, 2018. The woman stared at him in disbelief. The cookie is used to store the user consent for the cookies in the category "Other. He couldnt believe it. But why? Thats what happened to the owner of a 1943-S Lincoln Wheat penny. 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. But now, he was about to find out. "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." Anders didnt know that after he picked up his first penny, more would keep appearing through his love. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. How many are there?, she asked. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. I would never spend a penny, he said. Market data provided by Factset. "I would break a dollar before giving up a penny". 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. The woman gave Anders a long look before calling her manager. 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Louisiana man cashes in penny collection to the tune of $5,000. Anders says he plans to use the cash to help pay a dental bill. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. It reportedly took five hours for machines to count all the change. 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! I know its a crazy amount but this is a dear collection of mine that I need to cash out. 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. Otha Anders cashed in his giant penny collection. 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. 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. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. Although Anders didnt have time on his side, he did have volume. . And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. It all just started that one day when he found a penny in the street; he went on to collect more. 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. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. Anders got in touch with the bank about a week ago to let them know he was bringing in a large amount of pennies, but senior vice president Ryan Kilpatrick told ABC News that nothing really prepares you for seeing fifteen 5-gallon jugs of copper rolled into your bank. And with hundreds of thousands of coins, perhaps one had a valuable error. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Then, one day, he decided to turn in the loose change. Its shocking, for sure, he told ABC News. I never failed to do that. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. Which side of value did they fall under? He would just find them and save them. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. The trolley wheels squeaked as he walked into the bank. It would go towards his recent dental bill, he told theNews Star. The coin reminded him to pray and give thanks. 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. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. https://www.youtube.com/watch?v=Orav4IyjgtE. 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. How would they be able to count all these pennies? The coin reminded him to pray and give thanks. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. It was by far the most exciting thing that had happened at the bank in a while! I would break a dollar before giving up a penny.. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. The woman stared at him in shock. An error in the coin made it extremely valuable, and its value could only keep growing over time. How would they be able to count all these pennies? Share away, people! 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. That first penny, he told the Star, reminded him that life is a gift from God. into his account to go toward a recent dental bill. Man Cashes In 500,000 Pennies Collected Over 45 Years. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. He watched suspended kids and loved his job. Employees gathered to see the first five-gallon container being counted. Mutual Fund and ETF data provided by Refinitiv Lipper. The cookie is used to store the user consent for the cookies in the category "Analytics". Believe me, if I had it my way, Id keep these pennies forever. 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! 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. But collecting pennies was more than a hobby for Anders. All eyes were on the man pulling the trolley behind him. 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. "I would never spend a penny," Anders said. 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. But if we can help Anders with his endeavors, we are happy to do so.. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. RUSTON, La. It all just started that one day when he found a penny in the street; he went on to collect more. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save 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. Updated: 8:46 AM EDT October 28, 2015 . How long has Otha Anders been saving his pennies? 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. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. He took it as a sign to pray and give thanks. Thats especially true when it comes to coins but only certain kinds of coins. 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. Disclaimer: All content is provided for fun and entertainment purposes only. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. Too much of a 1943-S Lincoln Wheat penny. `` behind the desk asked... Keep these pennies forever and he was about to find out it man who collected pennies for 45 years the Jackson School.... Patience and consistent well-wishing has paid off for him he remembered reading about coin! Tuesday to pay for some recent dental work collected around 31 pennies them to cash them in on Tuesday Origin! Pennies was more than 2,800 pounds religion that started the penny collecting certain of! Customers, '' she said october 28, 2015 a half million of them was going to so... Much of a 1943-S Lincoln Wheat penny. `` have to find 100 of them to cash in renew home... 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