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 had been collecting pennies for more than 4 decades and had always put his faith in them as he was a religious man. Total Savings. "I would never spend a penny," he said. 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. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. You have to find 100 of them to get a dollar it is a lot of work. . The machine bags had to be changed for every $50. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. The woman gave Anders a long look before calling her manager. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. Then, one day, he decided to turn in the loose change. 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. He would just find them and save 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.". I wanted the inner satisfaction that God and I acquired this collection.. It has long been said that time is the most valuable commodity. Anders collected pennies for 45 years until he had filled up . Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. It was actually his religion that started the penny collecting. He had no idea yet, but that effort resulted in a fortune, and it was all for him. What if you collected pennies as a hobby? He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. Man saves coins for 45 years, cashes in over $5,000 in pennies. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! Believe me, if I had it my way, Id keep these pennies forever. They were much heavier than youd think, and not to mention, there were fifteen of them! Powered and implemented by FactSet Digital Solutions. And you think we have the time to count half a million pennies for you? she laughed. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. "He did likewise with pennies for me.". But the amount he eventually managed to collect was staggering. It seems like Anders' steady patience and consistent well-wishing has paid off for him. While he only deposited them when he found. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. "I will always tell the person that if it was a quarter, I would give it back, but since it is a penny, I'm keeping it. (Fox 14). 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! This cookie is set by GDPR Cookie Consent plugin. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. 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. Jul 2, 2018. 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. Disclaimer: All content is provided for fun and entertainment purposes only. 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. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. Bank Vice President Jennie Cole said that Anders is a longtime customer whom the bank was happy to help, even though the magnitude of the pennies didnt make for a typical day at work. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 2023 BuzzFeed, Inc. All rights reserved. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. The cookies is used to store the user consent for the cookies in the category "Necessary". How long has Otha Anders been saving his pennies? "We value his business, as we do all of our customers," she said. It took five hours to count the pennies; the plastic jugs were hacked open and then the coins were poured into the coin machine bit by bit. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. 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. 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.". Mutual Fund and ETF data provided by Refinitiv Lipper. But after collecting the one cent pieces for 45 years, you could have amassed a . October 29, 2015 By Coin Update 13 Comments. But collecting pennies was more than a hobby for Anders. Quotes displayed in real-time or delayed by at least 15 minutes. -- A Louisiana man recently cashed in hundreds of thousands of saved pennies, rolling them to the bank on a dolly after collecting them for more than four decades. Could you have the discipline to collect coins for almost 50 years? 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. 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. Although Anders didnt have time on his side, he did have volume. 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. The cookie is used to store the user consent for the cookies in the category "Analytics". Necessary cookies are absolutely essential for the website to function properly. 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.. All of the kids love him and he was happy to look after them. Who would have thought a penny a day could someday bring you $5k! 2023 FOX News Network, LLC. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years.For anyone whos trying to work it out, thats $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. Anders had put all the pennies he found into water jugs. The 73-year-old's homeowner's insurance didn't cover his collection, he told ABC News, that although he long ago surpassed his goal of filling five 5-gallon water jugs with coins, he found himself unable to stop collecting. Soon his collection reached a full fifteen of them! His quirky hobby turned out to be a brilliant reminder of how much little things matter. However, Anders always made sure that every penny that came his way from others was compensated properly. And with hundreds of thousands of coins, perhaps one had a valuable error. 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. By Christie. You also have the option to opt-out of these cookies. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. It all just started that one day when he found a penny in the street; he went on to collect more. Your California Privacy Rights/Privacy Policy. "I became convinced that spotting a lost or dropped. But when they finally did, the actual amount Anders had saved all these years was incredible! But he still had some cash left over which he put towards a family trip and church donations. Published: 10/28/2015 8:46:47 AM. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. Legal Statement. "We value his business, as we do all of our customers," he said. They were much heavier than youd think, and not to mention, there were fifteen of them! 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. AREVIK 25.12.2022 1.1k. Which side of value did they fall under? These cookies ensure basic functionalities and security features of the website, anonymously. 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. 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. Although Anders didnt have time on his side, he did have volume. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. These cookies track visitors across websites and collect information to provide customized ads. 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 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. It seems like Anders steady patience and consistent well-wishing has paid off for him. It all just started that one day when he found a penny in the street; he went on to collect more. By. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders, 73. Otha Anders cashed in his giant penny collection. "Anders will inform us on where he wants the cashed-in money to be placed," she said. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. An error in the coin made it extremely valuable, and its value could only keep growing over time. You have to find 100 of them to get a dollar - it is a lot of work. Share away, people! Thats what happened to the owner of a 1943-S Lincoln Wheat penny. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. How would they be able to count all these pennies? This penny reminded him to give thanks for the small but wonderful things that happen in life. 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. I would guesstimate about 400-500,000 pennies?. 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 ! Otha Anders cashed in his giant penny collection. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. 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 Ander was a supervisor on the Jackson School Board and was passionate about his job. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! An error in the coin made it extremely valuable, and its value could only keep growing over time. "I would never spend a penny,"he said. The woman behind the counter looked at him in disbelief. Anders had no idea how much money his collection would amount to. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Then, one day, he decided to turn in the loose change. Otha Anders started collecting pennies in the late 1960s. The cookie is used to store the user consent for the cookies in the category "Performance". 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. 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. He explained to the outlet the coins hold meaning for him. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. "I would break a dollar before I would spend a penny," he said. "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. The woman stared at him in disbelief. I would guesstimate about half a million pennies?. And with hundreds of thousands of coins, perhaps one had a valuable error. Anders sheepishly laughed with her before pleading with her again. . Everyone was staring at him.She looked at him in disbelief. The coin reminded him to pray and give thanks. Thats especially true when it comes to coins but only certain kinds of coins. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. "I would never spend a penny," he told the Star. I never failed to do that. He started collecting pennies in the early 1970s. It has long been said that time is the most valuable commodity. If I would see a penny when Im gassing up, on the ground, or in a store, it would be a reminder to stop right there and say a prayer, he said. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Im not sure exactly, Anders said. 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. Anders' coin collecting habit started when he found a penny on the street decades ago. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of 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. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. He couldnt believe it. 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. "There have been days where I failed to pray and more often than not, a lost or dropped penny would show up to remind me.". It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. 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. 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. It must have been fun watching the water jugs get filled with so much pennies because Otha decided to continue doing it for the years to come. We may earn a commission from links on this page. In all, Anders had collected enough pennies to earn him over $5,000! It'll go toward a recent dental bill, the Ruston Daily Leader reported. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! Guess Who Her Dad Is. 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. October 28, 2015 at 10:29 pm EDT. How many?, the woman asked. We also use third-party cookies that help us analyze and understand how you use this website. That is a lot of pennies. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. Total Savings. 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! 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. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Powered and implemented by FactSet Digital Solutions. Legal Statement. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? For Anders, the process of collecting the coins meant more than the money he would make. 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. A Maryland Dumping Site Was Actually A Black Cemetery. He always made sure that his change had pennies in it. I know its a crazy amount but this is a dear collection of mine that I need to cash out. He walked into the bank, rolling a dolly behind him. 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. Coins made of base metals, such as aluminum, have very little worth. So, he paid them for pennies? But that's not all. He also started making more and decisions that would give him more pennies. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. The same with coins that hold an error. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. This meant that he soon had more pennies than he knew what to do with. "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. But what was he going to do with his saved money? He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. "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. He looked at lost old pennies on the floor as his very own personal gift from God. The manager of Ed's. But if we can help Anders with his endeavors, we are happy to do so.. 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. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. All eyes were on the man pulling the trolley behind him. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. RUSTON, La. 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. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. Little did he know, just how many gifts he was going to receive. These cookies will be stored in your browser only with your consent. Louisiana man cashes in penny collection to the tune of $5,000. NEW YORK DAILY . His quirky hobby turned out to be a brilliant reminder of how much little things matter. 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 what about Anders coins? "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. How many?, the woman asked. "I would break a dollar before giving up a penny. The cookie is used to store the user consent for the cookies in the category "Other. The half million pennies Anders collected amounted to $5,136.14 in cash.The bank where Anders cashed in his change told the Star they were more than happy to help the longtime customer, though it took more than 5 hours for a machine to count through the change.Anders maintains he will continue to collect pennies, but likely turn them in at the bank more often since his collection is not covered under his homeowner's insurance. Market data provided by Factset. That led to a huge collection, stored in 15 five-gallon, plastic water jugs, adding up to about half a million pennies, which ultimately converted to $5,136.14. He watched over in-school suspended children and absolutely loved his job. 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. 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. He approached the questionable expression behind the desk and asked them to cash his pennies in. The News-Star reports that employees at Ruston . Hed been saving pennies he found on the street for 45 long years. Back in 2015, he had to finally cash them in because his homeowner's insurance policy no longer covered his pennies, and he needed some extra cash. It may inspire them to start a collection of their own. 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. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. Market data provided by Factset. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. The extra bonus of income came just in time for him to pay a medical bill. Anders said, I would never spend a penny, I would break a dollar before giving up a penny. When the children he looked after figured out how important pennies were to him, they wanted to contribute. Asian-American Affairs Reporter, HuffPost. What began as something fun turned into a full-blown obsession and an all-consuming hobby. 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. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. All of his friends and family got so used to him behaving this way around pennys that they didn't even see it as odd anymore. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. Anders and his friends hauled in the containers one by one. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. To Anders, 73, the pennies represent more than a nice pay day. This man had saved pennies for 45 years and just picked them up from the street. Seventy Five Gallons 2023 FOX News Network, LLC. 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. And they werent the only establishment to do so. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. You've successfully subscribed to this newsletter! Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. According to the . 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. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? The coin reminded him to pray and give thanks. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. However, thats not true for all coins. 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. It squeaked and squawked as the wheels turned in pursuit. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Anders kept his pennies in five-gallon plastic jugs. 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. Pennies in the loose change have amassed a kids seemed to love him too.Anders a... Dollys and stared at him in utter confusion took at least 15 minutes my... 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