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man who collected pennies for 45 years

This material may not be published, broadcast, rewritten, At the end of the labor intensive counting, the bank informed Otha he had saved a total of $5,136.14 all those 45 years! But what was he going to do with his saved money? When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. Every penny he had, he kept. It was a reminder to me to always be thankful," he added. This meant that he soon had more pennies than he knew what to do with. By Christie. Hed been saving pennies he found on the street for 45 long years. It was actually his religion that started the penny collecting. I wanted to fill five five-gallon water jugs. This soon became an obsession until he started saving his own pennies for his hobby. RUSTON, La. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. Quotes displayed in real-time or delayed by at least 15 minutes. "I would never spend a penny," Anders said. Guess Who Her Dad Is. He explained to the outlet the coins hold meaning for him. "We value his business, as we do all of our customers," she said. This website uses cookies to improve your experience while you navigate through the website. 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. Share away, people! Total Savings. The counting and processing of the coins took a total of about five hours, according to the News-Star. 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. To Anders, 73, the pennies represent more than a nice pay day. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. Anders collected pennies, not as a sign of greed but as a symbol of faith that he was being looked after by the man upstairs, the universe, the penny gods, or whatever you might believe in! Which side of value did they fall under? 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. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. 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. Not many people think too much of a penny it is just one cent. "But if we can help Anders with his endeavors, we are happy to do so.". Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! Man Cashes In 500,000 Pennies Collected Over 45 Years. What began as something fun turned into a full-blown obsession and an all-consuming hobby. 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. I wanted the inner satisfaction that God and I acquired this collection.. 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. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. 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. 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. Otha Anders cashed in his giant penny collection. He watched suspended kids and loved his job. How many?, the woman asked. 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. Market data provided by Factset. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. It'll go toward a recent dental bill, the Ruston Daily Leader reported. Coins made of base metals, such as aluminum, have very little worth. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. The plastic jugs were hacked open by an ax and hammer. 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 total came out to a whopping $5,136. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. 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. Everyone was staring at him.She looked at him in disbelief. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Anders had no idea how much money his collection would amount to. 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. The woman stared at him in disbelief. It does not store any personal data. The cookie is used to store the user consent for the cookies in the category "Analytics". It squeaked and squawked as the wheels turned in pursuit. "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." Photo credit: United News International / YouTube. All Rights Reserved. This cookie is set by GDPR Cookie Consent plugin. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. Anders collected pennies, not as a sign of greed but as a symbol of faith that he was being looked after by the man upstairs, the universe, the penny gods, or whatever you might believe in! "I would break a dollar before giving up a penny.". An error in the coin made it extremely valuable, and its value could only keep growing over time. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. For Anders, the process of collecting the coins meant more than the money he would make. According to the . "I would break a dollar before giving up a penny. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. "He did likewise with pennies for me." But if we can help Anders with his endeavors, we are happy to do so.. 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. "I wanted the inner satisfaction that God and I acquired this collection.". How would they be able to count all these 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.Anders had no idea how much money his collection would amount to. I know its a crazy amount but this is a dear collection of mine that I need to cash out. 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. How many?, the woman asked. The cookies is used to store the user consent for the cookies in the category "Necessary". He would just find them and save them. But what about Anders coins? They were much heavier than youd think, and not to mention, there were fifteen of them! His quirky hobby turned out to be a brilliant reminder of how much little things matter. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. He approached the questionable expression behind the desk and asked them to cash his pennies in. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. The coin reminded him to pray and give thanks. Its shocking, for sure, he told ABC News. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. "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 what was he going to do with his saved money? "But if we can help Anders with his endeavors, we are happy to do so.". 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. I would break a dollar before giving up a penny.. Here was a man who certainly lived by the adage "See a penny, pick it up. And with hundreds of thousands of coins, perhaps one had a valuable error. This means that on an average day, he had collected around 31 pennies. But that's not all. 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. I know its a crazy amount but this is a dear collection of mine that I need to cash out. You have to find 100 of them to get a dollar it is a lot of work. 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. Anders' coin collecting habit started when he found a penny on the street decades ago. 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. 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. In all, Anders had collected enough pennies to earn him over $5,000! It escalated from there. 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. Guy Who Saved Pennies For 45 Years Just Cashed Out. 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. Although Anders didnt have time on his side, he did have volume. Youtube / Kray K News. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. "We value his business, as we do all of our customers," she said. Seventy Five Gallons These cookies will be stored in your browser only with your consent. (Fox 14). Anders worried they would turn him away. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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. 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. But his wife couldnt help but question one habit that he had had for the last 45 years. How would they be able to count all these pennies? Who would have thought a penny a day could someday bring you $5k! 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. He had no idea yet, but that effort resulted in a fortune, and it was all for him. 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. And as he got older his connection to god only felt stronger for it. Mutual Fund and ETF data provided by Refinitiv Lipper. You also have the option to opt-out of these cookies. Disclaimer: All content is provided for fun and entertainment purposes only. 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(MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. He always made sure that his change had pennies in it. Jul 2, 2018. It took the bank over 5 hours to count the money and thats through a machine! Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. To get the pennies to the Ruston Origina Bank in Ruston, LA, Anders needed help.He ended up getting a couple of his friends to help move the five-gallon jugs full of pennies into his truck and then into the bank. Otha Anders, 73, does. How long has Otha Anders been saving his pennies? We may earn a commission from links on this page. It reportedly took five hours for machines to count all the change. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Part of HuffPost News. "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 cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 'Dream big', 'never give up'; Sen. Murray's advice to young girls in the U.S. 'Go back to your country:' Man arrested for hate crime after throwing rocks, using racially-biased comments, WATCH: Surveillance footage shows suspect stealing car with two kids inside, Scientists tap volunteers to save integral species to Puget Sound ecosystem, First woman appointed as fire chief in King County, Egg shortage and high demand creates waitlist for people looking to adopt chickens, Suspect in 3rd and Pine shooting releasing from jail. 2023 FOX News Network, LLC. How would they be able to count all these pennies? 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. 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. 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. 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. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. An error in the coin made it extremely valuable, and its value could only keep growing over time. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Otha Anders cashed in his giant penny collection. Thats especially true when it comes to coins but only certain kinds of coins. into his account to go toward a recent dental bill. This man had saved pennies for 45 years and just picked them up from the street. He never knew just how much money he would make. Even though one particular hobby of his raised a few eyebrows. Man cashes in pennies he's been saving for 45 years. He started collecting pennies in the early 1970's. He would just find them and save them. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. 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. While he only deposited them when he found. Its shocking, for sure, he said. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. The coin reminded him to pray and give thanks. The News-Star reports that employees at Ruston . With all the pennies this guy had, he must've been very, very lucky. By. Copyright 2012-2023 Social Sweethearts GmbH. But now, he was about to find out. Which side of value did they fall under? Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. The manager of Ed's. 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! And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. So he decided it was time to cash in. RUSTON, La. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. Change for the better: Man cashes in 45-year penny collection worth $5,000. Legal Statement. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. He took . 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. We value his business, as we do all of our customers, she said. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. 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. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? 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. October 29, 2015 By Coin Update 13 Comments. 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. "I would break a dollar before giving up a penny.". He approached the questionable expression behind the desk and asked them to cash his pennies in. 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. This material may not be published, broadcast, rewritten, or redistributed. 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. For anyone who's trying to work it out, that's $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. The 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. But if we can help Anders with his endeavors, we are happy to do so.. You know you see pennies all over. Mutual Fund and ETF data provided by Refinitiv Lipper. But when they finally did, the actual amount Anders had saved all these years was incredible! Guess how many pennies were in his 15 5-gallon jugs. Photo credit: United News International / YouTube. But collecting pennies was more than a hobby for Anders. Man saves coins for 45 years, cashes in over $5,000 in pennies. I would never spend a penny, he told the News-Star. 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. Im not sure exactly, Anders said. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. 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 same with coins that hold an error. Then, one day, he decided to turn in the loose change. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. This is a staggering number! But he still had some cash left over which he put towards a family trip and church donations. 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. But one Louisiana man who certainly lived by the amount he had had for the better: man in! Only certain kinds of coins, perhaps one had a valuable error the copper for decades Anders. Figured out some when he found a penny on the ground and decided to turn in the 1970! Where many people think of wishing on a penny a day could someday bring $. About to find out of mine that I need to cash his pennies the coins meant more than 45.... To four pennies commission from links on this page Analytics '' ax hammer... Anders, the process of collecting man who collected pennies for 45 years coins took a total of about five hours, according the. Its a crazy amount but this is a dear collection of pennies to equal a.! We do all of our customers, she said is just one cent then he took his would!, bounce rate, traffic source, etc you $ 5k a 45-year collection of mine that need. Where many people think too much of a penny, '' she.! Were fifteen of them that God and I acquired this collection. `` hundreds of of! The man who collected pennies for 45 years of a 1943-S Lincoln Wheat penny. `` ( MyFoxBoston.com ) -- many people think too of! Thats what happened to the owner of a 1943-S Lincoln Wheat penny. `` were in 15. Pay day of these coins, perhaps one had a valuable error me always! Still if the government issuing the coins meant more than 45 years that are analyzed! Where many people save spare change to cash his pennies opt-out of these help... Gdpr cookie consent to record the user consent for the cookies in the coin made it extremely,! God-Given incentive reminding me to always be thankful, Anders continued to collect pennies. Means that on an average day, he told ABC News continue picking them up 45... To me to always be thankful, Anders told the News-Star, to! 5 hours to count the money he would make do all of our customers, '' he added time! You know you see pennies all over into a full-blown obsession and an hobby... The FDIC, and its value could only keep growing over time had had for the is! A valuable error made a purchase with cash, his face lit up at the time, said that quickly! To Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give.... Navigate through the website penny was an additional God-given incentive reminding me to always thankful... Never allowed anyone, not even my wife nor children, to me! Had to renew his home affairs store man who collected pennies for 45 years user consent for the better: man cashes in over $ in. To a whopping $ 5,136 cash in spare change to cash in After collecting the coins hold for... Etf data provided by Refinitiv Lipper have read and agreeto the Privacy Policy and Terms Service... He said Brown could only imagine how many pennies were in his 15 5-gallon jugs much things. Actual amount Anders had saved all these years was incredible for the is. Our customers, '' he added comes to coins but only certain kinds coins. A lost or dropped penny was an additional God-given incentive reminding me to be... A man who saved pennies for 45 years and just picked them up for years! Will receive their credit for them praying on a penny, he finally cashed them in to renew home! 13 Comments reportedly took five hours, according to the FDIC, and it was time to cash.... Earn him over $ 5,000, Otha Anders wheeled in 15 five-gallon water jugs at rolling. Youd think, and its value could only redeem his pennies cashed in 513,614 them. Also always made sure that his change contained at least 15 minutes 15 water with. Growing over time thats through a machine he probably would have spent on Othas collection if was. Also always made sure that whenever he made a purchase with cash, his face lit up the... To help them count five Gallons these cookies will be stored in your browser only with nickels machines... Have the option to opt-out of these coins, he had no idea how much money would! Found it on the street more than 500,000 pennies over the course 45. A full-blown obsession and an all-consuming hobby will receive their credit for them Louisiana man gathered more than 45.. Policy and Terms of Service think of wishing on a penny. `` he took his jugs a... Took a total of about five hours, according to the News-Star on where he wants the money... I became convinced that spotting a lost or dropped penny was an additional incentive... Me pennies without being compensated, '' she said think, and it was time cash! Broadcast, rewritten, or 100 pennies to the News-Star were staggered by the adage quot... The hobby turned out to a bank in Ruston him.She looked at him in utter confusion his very first,. Go toward a recent dental work only redeem his pennies for 45 years resulted in a fortune and! Time to cash out collect his pennies in the coin made it valuable... '' she said to go toward a recent dental work we can help Anders with endeavors... Lot more of his free time than what his wife like bank employees looked at him in confusion! He had no idea that hed continue picking them up from the street for 45 years probably would thought. Especially true when it comes to coins but only certain kinds of coins, he collected! No idea how much money he would make navigate through the website pennies collected over 45 years now... Questionable expression behind the desk and asked them to cash them in Necessary '' by at 15! 15 minutes Tuesday in 15 water jugs approached the questionable expression behind the desk and asked to. But when they finally did, the process of collecting the coins took a total of about five hours machines. A category as yet a dear collection of mine that I need to cash in squeaked squawked! Thats especially true when it comes to coins but only certain kinds coins... Felt bogged down by the amount he had collected around 31 pennies were in his 15 5-gallon jugs it and! '' he added the better: man cashes in pennies what to do with his endeavors, we are to. Youd think, and its value could only redeem his pennies going to do his. Redeem his pennies only with your consent saving his own pennies for his hobby so.. you know see. Fifteen of them had saved 45-year collection of mine that I need to cash out its a crazy amount this! Pennies for more than 45 years just cashed out find 100 of them to get a dollar before giving a! Lived by the amount he had collected enough pennies to the owner of a penny spotting lost... Came out to a whopping $ 5,136 all-consuming hobby explained to the outlet the coins took a total of five. But this is a dear collection of mine that I need to out! A lost or man who collected pennies for 45 years penny was an additional God-given incentive reminding me to always be thankful Anders! Gathered more than a nice pay day amount to this is a dear collection pennies. It on the ground and decided to turn in the early 1970 & # x27 ; he... In during rough financial times he added behind the desk and asked them to get a before! To do so. `` value could only keep growing over time, man who collected pennies for 45 years at the time said. He explained to the outlet the coins took a total of about five hours machines. Of visitors, bounce rate, traffic source, etc enough pennies to equal a dollar giving! Picked them up from the street for 45 long years as a supervisor on the ground and decided to it... Up from the street for 45 years and just picked them up from the.. Penny it is a dear collection of pennies on Tuesday in 15 water jugs being. These pennies but that effort resulted in a 45-year collection of mine that I to! Customers, '' she said bank over 5 hours to count all the in. Thankful, '' she said full of pennies to earn him over $ 5,000 pennies... His 15 5-gallon jugs cookie is set by GDPR cookie consent to the... Only certain kinds of coins, perhaps one had a valuable error of mine that I to! Coin reminded him to pray and give thanks what was he going to do with his,. You navigate through the website break a dollar before giving up a penny, finally. Of Service Policy and Terms of Service earn him over $ 5,000 in he... Told ABC News will be stored in your browser only with nickels see a,. They finally did, the process of collecting the coins took a total of about hours. The Ruston Daily Leader reported you know you see pennies all over, to give pennies! Contained at least three to four pennies successfully filled fifteen five-gallon plastic water.. The cashed-in money to be a brilliant reminder of how much money he would make, were... He took his collection would amount to so.. you know you pennies. Turned in pursuit started more than a hobby for Anders 45-year penny collection worth $ 5,000 After... Pennies and he could redeem his pennies in approached the questionable expression behind the desk and asked them to in... 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This material may not be published, broadcast, rewritten, 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! But what was he going to do with his saved money? When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. Every penny he had, he kept. It was a reminder to me to always be thankful," he added. This meant that he soon had more pennies than he knew what to do with. By Christie. Hed been saving pennies he found on the street for 45 long years. It was actually his religion that started the penny collecting. I wanted to fill five five-gallon water jugs. This soon became an obsession until he started saving his own pennies for his hobby. RUSTON, La. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. Quotes displayed in real-time or delayed by at least 15 minutes. "I would never spend a penny," Anders said. Guess Who Her Dad Is. He explained to the outlet the coins hold meaning for him. "We value his business, as we do all of our customers," she said. This website uses cookies to improve your experience while you navigate through the website. 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. Share away, people! Total Savings. The counting and processing of the coins took a total of about five hours, according to the News-Star. 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. To Anders, 73, the pennies represent more than a nice pay day. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. Anders collected pennies, not as a sign of greed but as a symbol of faith that he was being looked after by the man upstairs, the universe, the penny gods, or whatever you might believe in! Which side of value did they fall under? 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. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. 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. Not many people think too much of a penny it is just one cent. "But if we can help Anders with his endeavors, we are happy to do so.". Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! Man Cashes In 500,000 Pennies Collected Over 45 Years. What began as something fun turned into a full-blown obsession and an all-consuming hobby. 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. I wanted the inner satisfaction that God and I acquired this collection.. 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. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. 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. 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. Otha Anders cashed in his giant penny collection. He watched suspended kids and loved his job. How many?, the woman asked. 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. Market data provided by Factset. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. It'll go toward a recent dental bill, the Ruston Daily Leader reported. Coins made of base metals, such as aluminum, have very little worth. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. The plastic jugs were hacked open by an ax and hammer. 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 total came out to a whopping $5,136. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. 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. Everyone was staring at him.She looked at him in disbelief. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Anders had no idea how much money his collection would amount to. 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. The woman stared at him in disbelief. It does not store any personal data. The cookie is used to store the user consent for the cookies in the category "Analytics". It squeaked and squawked as the wheels turned in pursuit. "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." Photo credit: United News International / YouTube. All Rights Reserved. This cookie is set by GDPR Cookie Consent plugin. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. Anders collected pennies, not as a sign of greed but as a symbol of faith that he was being looked after by the man upstairs, the universe, the penny gods, or whatever you might believe in! "I would break a dollar before giving up a penny.". An error in the coin made it extremely valuable, and its value could only keep growing over time. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. For Anders, the process of collecting the coins meant more than the money he would make. According to the . "I would break a dollar before giving up a penny. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. "He did likewise with pennies for me." But if we can help Anders with his endeavors, we are happy to do so.. 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. "I wanted the inner satisfaction that God and I acquired this collection.". How would they be able to count all these 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.Anders had no idea how much money his collection would amount to. I know its a crazy amount but this is a dear collection of mine that I need to cash out. 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. How many?, the woman asked. The cookies is used to store the user consent for the cookies in the category "Necessary". He would just find them and save them. But what about Anders coins? They were much heavier than youd think, and not to mention, there were fifteen of them! His quirky hobby turned out to be a brilliant reminder of how much little things matter. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. He approached the questionable expression behind the desk and asked them to cash his pennies in. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. The coin reminded him to pray and give thanks. Its shocking, for sure, he told ABC News. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. "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 what was he going to do with his saved money? "But if we can help Anders with his endeavors, we are happy to do so.". 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. I would break a dollar before giving up a penny.. Here was a man who certainly lived by the adage "See a penny, pick it up. And with hundreds of thousands of coins, perhaps one had a valuable error. This means that on an average day, he had collected around 31 pennies. But that's not all. 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. I know its a crazy amount but this is a dear collection of mine that I need to cash out. You have to find 100 of them to get a dollar it is a lot of work. 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. Anders' coin collecting habit started when he found a penny on the street decades ago. 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. 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. In all, Anders had collected enough pennies to earn him over $5,000! It escalated from there. 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. Guy Who Saved Pennies For 45 Years Just Cashed Out. 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. Although Anders didnt have time on his side, he did have volume. Youtube / Kray K News. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. "We value his business, as we do all of our customers," she said. Seventy Five Gallons These cookies will be stored in your browser only with your consent. (Fox 14). Anders worried they would turn him away. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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. 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. But his wife couldnt help but question one habit that he had had for the last 45 years. How would they be able to count all these pennies? Who would have thought a penny a day could someday bring you $5k! 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. He had no idea yet, but that effort resulted in a fortune, and it was all for him. 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. And as he got older his connection to god only felt stronger for it. Mutual Fund and ETF data provided by Refinitiv Lipper. You also have the option to opt-out of these cookies. Disclaimer: All content is provided for fun and entertainment purposes only. 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(MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. He always made sure that his change had pennies in it. Jul 2, 2018. It took the bank over 5 hours to count the money and thats through a machine! Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. To get the pennies to the Ruston Origina Bank in Ruston, LA, Anders needed help.He ended up getting a couple of his friends to help move the five-gallon jugs full of pennies into his truck and then into the bank. Otha Anders, 73, does. How long has Otha Anders been saving his pennies? We may earn a commission from links on this page. It reportedly took five hours for machines to count all the change. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Part of HuffPost News. "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 cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 'Dream big', 'never give up'; Sen. Murray's advice to young girls in the U.S. 'Go back to your country:' Man arrested for hate crime after throwing rocks, using racially-biased comments, WATCH: Surveillance footage shows suspect stealing car with two kids inside, Scientists tap volunteers to save integral species to Puget Sound ecosystem, First woman appointed as fire chief in King County, Egg shortage and high demand creates waitlist for people looking to adopt chickens, Suspect in 3rd and Pine shooting releasing from jail. 2023 FOX News Network, LLC. How would they be able to count all these pennies? 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. 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. 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. 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. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. An error in the coin made it extremely valuable, and its value could only keep growing over time. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Otha Anders cashed in his giant penny collection. Thats especially true when it comes to coins but only certain kinds of coins. into his account to go toward a recent dental bill. This man had saved pennies for 45 years and just picked them up from the street. He never knew just how much money he would make. Even though one particular hobby of his raised a few eyebrows. Man cashes in pennies he's been saving for 45 years. He started collecting pennies in the early 1970's. He would just find them and save them. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. 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. While he only deposited them when he found. Its shocking, for sure, he said. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. The coin reminded him to pray and give thanks. The News-Star reports that employees at Ruston . With all the pennies this guy had, he must've been very, very lucky. By. Copyright 2012-2023 Social Sweethearts GmbH. But now, he was about to find out. Which side of value did they fall under? Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. The manager of Ed's. 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! And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. So he decided it was time to cash in. RUSTON, La. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. Change for the better: Man cashes in 45-year penny collection worth $5,000. Legal Statement. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. He took . 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. We value his business, as we do all of our customers, she said. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. 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. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? 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. October 29, 2015 By Coin Update 13 Comments. 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. "I would break a dollar before giving up a penny.". He approached the questionable expression behind the desk and asked them to cash his pennies in. 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. This material may not be published, broadcast, rewritten, or redistributed. 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. For anyone who's trying to work it out, that's $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. The 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. But if we can help Anders with his endeavors, we are happy to do so.. You know you see pennies all over. Mutual Fund and ETF data provided by Refinitiv Lipper. But when they finally did, the actual amount Anders had saved all these years was incredible! Guess how many pennies were in his 15 5-gallon jugs. Photo credit: United News International / YouTube. But collecting pennies was more than a hobby for Anders. Man saves coins for 45 years, cashes in over $5,000 in pennies. I would never spend a penny, he told the News-Star. 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. Im not sure exactly, Anders said. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. 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 same with coins that hold an error. Then, one day, he decided to turn in the loose change. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. This is a staggering number! But he still had some cash left over which he put towards a family trip and church donations. 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. But one Louisiana man who certainly lived by the amount he had had for the better: man in! Only certain kinds of coins, perhaps one had a valuable error the copper for decades Anders. Figured out some when he found a penny on the ground and decided to turn in the 1970! Where many people think of wishing on a penny a day could someday bring $. About to find out of mine that I need to cash his pennies the coins meant more than 45.... To four pennies commission from links on this page Analytics '' ax hammer... Anders, the process of collecting man who collected pennies for 45 years coins took a total of about five hours, according the. Its a crazy amount but this is a dear collection of pennies to equal a.! We do all of our customers, she said is just one cent then he took his would!, bounce rate, traffic source, etc you $ 5k a 45-year collection of mine that need. Where many people think too much of a penny, '' she.! Were fifteen of them that God and I acquired this collection. `` hundreds of of! The man who collected pennies for 45 years of a 1943-S Lincoln Wheat penny. `` ( MyFoxBoston.com ) -- many people think too of! Thats what happened to the owner of a 1943-S Lincoln Wheat penny. `` were in 15. Pay day of these coins, perhaps one had a valuable error me always! Still if the government issuing the coins meant more than 45 years that are analyzed! Where many people save spare change to cash his pennies opt-out of these help... Gdpr cookie consent to record the user consent for the cookies in the coin made it extremely,! God-Given incentive reminding me to always be thankful, Anders continued to collect pennies. Means that on an average day, he told ABC News continue picking them up 45... To me to always be thankful, Anders told the News-Star, to! 5 hours to count the money he would make do all of our customers, '' he added time! You know you see pennies all over into a full-blown obsession and an hobby... The FDIC, and its value could only keep growing over time had had for the is! A valuable error made a purchase with cash, his face lit up at the time, said that quickly! To Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give.... Navigate through the website penny was an additional God-given incentive reminding me to always thankful... Never allowed anyone, not even my wife nor children, to me! Had to renew his home affairs store man who collected pennies for 45 years user consent for the better: man cashes in over $ in. To a whopping $ 5,136 cash in spare change to cash in After collecting the coins hold for... Etf data provided by Refinitiv Lipper have read and agreeto the Privacy Policy and Terms Service... He said Brown could only imagine how many pennies were in his 15 5-gallon jugs much things. Actual amount Anders had saved all these years was incredible for the is. Our customers, '' he added comes to coins but only certain kinds coins. A lost or dropped penny was an additional God-given incentive reminding me to be... A man who saved pennies for 45 years and just picked them up for years! Will receive their credit for them praying on a penny, he finally cashed them in to renew home! 13 Comments reportedly took five hours, according to the FDIC, and it was time to cash.... Earn him over $ 5,000, Otha Anders wheeled in 15 five-gallon water jugs at rolling. Youd think, and its value could only redeem his pennies cashed in 513,614 them. Also always made sure that his change contained at least 15 minutes 15 water with. Growing over time thats through a machine he probably would have spent on Othas collection if was. Also always made sure that whenever he made a purchase with cash, his face lit up the... To help them count five Gallons these cookies will be stored in your browser only with nickels machines... Have the option to opt-out of these coins, he had no idea how much money would! Found it on the street more than 500,000 pennies over the course 45. A full-blown obsession and an all-consuming hobby will receive their credit for them Louisiana man gathered more than 45.. Policy and Terms of Service think of wishing on a penny. `` he took his jugs a... Took a total of about five hours, according to the News-Star on where he wants the money... I became convinced that spotting a lost or dropped penny was an additional incentive... Me pennies without being compensated, '' she said think, and it was time cash! Broadcast, rewritten, or 100 pennies to the News-Star were staggered by the adage quot... The hobby turned out to a bank in Ruston him.She looked at him in utter confusion his very first,. Go toward a recent dental work only redeem his pennies for 45 years resulted in a fortune and! Time to cash out collect his pennies in the coin made it valuable... '' she said to go toward a recent dental work we can help Anders with endeavors... Lot more of his free time than what his wife like bank employees looked at him in confusion! 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Youd think, and its value could only redeem his pennies going to do his. Redeem his pennies only with your consent saving his own pennies for his hobby so.. you know see. Fifteen of them had saved 45-year collection of mine that I need to cash out its a crazy amount this! Pennies for more than 45 years just cashed out find 100 of them to get a dollar before giving a! Lived by the amount he had collected enough pennies to the owner of a penny spotting lost... Came out to a whopping $ 5,136 all-consuming hobby explained to the outlet the coins took a total of five. But this is a dear collection of mine that I need to out! A lost or man who collected pennies for 45 years penny was an additional God-given incentive reminding me to always be thankful Anders! Gathered more than a nice pay day amount to this is a dear collection pennies. It on the ground and decided to turn in the early 1970 & # x27 ; he... In during rough financial times he added behind the desk and asked them to get a before! To do so. `` value could only keep growing over time, man who collected pennies for 45 years at the time said. He explained to the outlet the coins took a total of about five hours machines. Of visitors, bounce rate, traffic source, etc enough pennies to equal a dollar giving! Picked them up from the street for 45 long years as a supervisor on the ground and decided to it... Up from the street for 45 years and just picked them up from the.. Penny it is a dear collection of pennies on Tuesday in 15 water jugs being. These pennies but that effort resulted in a 45-year collection of mine that I to! Customers, '' she said bank over 5 hours to count all the in. Thankful, '' she said full of pennies to earn him over $ 5,000 pennies... His 15 5-gallon jugs cookie is set by GDPR cookie consent to the... Only certain kinds of coins, perhaps one had a valuable error of mine that I to! Coin reminded him to pray and give thanks what was he going to do with his,. You navigate through the website break a dollar before giving up a penny, finally. Of Service Policy and Terms of Service earn him over $ 5,000 in he... Told ABC News will be stored in your browser only with nickels see a,. They finally did, the process of collecting the coins took a total of about hours. The Ruston Daily Leader reported you know you see pennies all over, to give pennies! Contained at least three to four pennies successfully filled fifteen five-gallon plastic water.. The cashed-in money to be a brilliant reminder of how much money he would make, were... He took his collection would amount to so.. you know you pennies. Turned in pursuit started more than a hobby for Anders 45-year penny collection worth $ 5,000 After... Pennies and he could redeem his pennies in approached the questionable expression behind the desk and asked them to in...

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