Its shocking, for sure, 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. But when they finally did, the amount Anders had saved all these years was incredible! Do Not Sell or Share My Personal Information. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . 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. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. It has long been said that time is the most valuable commodity. The final amount was certainly not small. This cookie is set by GDPR Cookie Consent plugin. Your California Privacy Rights/Privacy Policy. It has long been said that time is the most valuable commodity. How many?, the woman asked. Share away, people! We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. 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! But his wife couldnt help but question one habit that he had had for the last 45 years. 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.". When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. 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! It seems like Anders steady patience and consistent well-wishing has paid off for him. Change for the better: Man cashes in 45-year penny collection worth $5,000. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Anders and his friends hauled in the containers one by one. Man Cashes In 500,000 Pennies Collected Over 45 Years. 2023 FOX News Network, LLC. Anders worried they would turn him away. I never failed to do that. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. He approached the questionable expression behind the desk and asked them to cash his pennies in. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. Their eyes popped as they took in the sight of the sheer amount of pennies. Who would have thought a penny a day could someday bring you $5k! Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. 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. 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. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. It was actually his religion that started the penny collecting. Quotes displayed in real-time or delayed by at least 15 minutes. . 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. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. According to the . than 45 years ago when he found it on the ground. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. 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. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. RUSTON, La. Since Anders could have collected a small fortune, he made it a point to have his collection covered under his house insurance, but when he renewed it, they turned him away. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? 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. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! But if we can help Anders with his endeavors, we are happy to do so.. And with hundreds of thousands of coins, perhaps one had a valuable error. They were much heavier than youd think, and not to mention, there were fifteen of them! How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. It all just started that one day when he found a penny in the street; he went on to collect more. Cool, isnt it? Employees gathered to see the first five-gallon container being counted. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! The same with coins that hold an error. He had no idea, but clearly, this would result in a fortune. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. Necessary cookies are absolutely essential for the website to function properly. This soon became an obsession until he started saving his own pennies for his hobby. I would break a dollar before giving up a penny.. 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. However, you may visit "Cookie Settings" to provide a controlled consent. 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. Our content is created to the best of our knowledge, yet it is of general nature and cannot in any way substitute an individual consultation by your doctor. I 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. But he still had some cash left over which he put towards a family trip and church donations. "We value his business, as we do all of our customers," she said. Anders is a beautiful example of how all of us can learn to be thankful for the small things. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! 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. Anders kept his pennies in five-gallon plastic jugs. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. This penny reminded him to give thanks for the small but wonderful things that happen in life. 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. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. "But if we can help Anders with his endeavors, we are happy to do so.". 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! The 73-year-old has some modest plans to spend his money. Believe me, if I had it my way, Id keep these pennies forever. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Anders loved his pennies, they were his prized collection. "I would break a dollar before giving up a penny.". 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. "He did likewise with pennies for me.". 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. (Fox 14). We may earn a commission from links on this page. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. The coin reminded him to pray and give thanks. . 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. "I would never spend a penny," Anders said. 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. 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. How would they be able to count all these pennies? 24/7 coverage of breaking news and live events. 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. Youtube / Kray K News. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. Total Savings. Legal Statement. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. I would guesstimate about 400-500,000 pennies?. Published: 10/28/2015 8:46:47 AM. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. 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 after collecting the one cent pieces for 45 years, you could have amassed a . This material may not be published, broadcast, rewritten, The pennies were then poured into the coin machine with small plastic buckets. This material may not be published, broadcast, rewritten, or redistributed. This meant that he soon had more pennies than he knew what to do with. It was by far the most exciting thing that had happened at the bank in a while!The plastic jugs were hacked open by an ax and hammer. 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! Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. 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 cookies is used to store the user consent for the cookies in the category "Necessary". "I would never spend a penny,"he said. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. The coin reminded him to pray and give thanks. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. — -- Otha Anders is a true believer in the phrase a pretty penny. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. But Edmond Knowles did. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Even though one particular hobby of his raised a few eyebrows. But collecting pennies was more than a hobby for Anders. I would never spend a penny, he told the News-Star. 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! The cookie is used to store the user consent for the cookies in the category "Performance". Anders sat next to the machine watching his collection go down the counter and the bank workers come in to the change the coin bag every 20 minutes, since the coin machine bags need to be changed after every $50. . Otha Anders, 73, does. We value his business, as we do all of our customers, she said. And you think we have the time to count half a million pennies for you? she laughed. He told USA Today, "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful. or redistributed. Are you asamazed by this beautiful story as we were? The woman gave Anders a long look before calling her manager. This cookie is set by GDPR Cookie Consent plugin. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. I would guesstimate about half a million pennies?. The Louisiana teacher loved looking at his massive collection so much that in the 70s, when the U.S. government began to offer a $25 bonus for every $100 worth of pennies turned in, he wasnt even a little tempted to take the extra cash. 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! Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? He had saved pennies for most of his life a whole 45 years. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 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. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. Otha Anders cashed in his giant penny collection. It may inspire them to start a collection of their own. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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. That was the goal, but I couldnt stop. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. -- A Louisiana man recently cashed in hundreds of thousands of saved pennies, rollingthem to the bank on a dolly after collecting them for more than four decades.According to the Louisiana News Star, Otha Anders, 73, started collecting pennies 45 years ago when he spotted one on the ground. Otha Anders cashed in his giant penny collection. An error in the coin made it extremely valuable, and its value could only keep growing over time. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. Turn on desktop notifications for breaking stories about interest? 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. 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. Guess Who Her Dad Is. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated. And that he did, he paid them for the pennies they gave him. All of the kids love him and he was happy to look after them. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. However, Anders always made sure that every penny that came his way from others was compensated properly. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. "I would never spend a penny," he told the Star. How long has Otha Anders been saving his pennies? 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. Anders sheepishly laughed with her before pleading to her again. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. Analytical cookies are used to understand how visitors interact with the website. But what about Anders coins? I wanted to fill five five-gallon water jugs. The woman stared at him in shock. He explained to the outlet the coins hold meaning for him. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. "I would break a dollar before giving up a penny". Little did he know, just how many gifts he was going to receive. into his account to go toward a recent dental bill. Your health is important to us. 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 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. Anders sheepishly laughed with her before pleading with her again. "I would break a dollar before giving up a penny. Part of HuffPost News. He looked at lost old pennies on the floor as his very own personal gift from God. He couldnt believe it. AREVIK 25.12.2022 1.1k. You know you see pennies all over. 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. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. NEW YORK DAILY . It all just started that one day when he found a penny in the street; he went on to collect more. But what was he going to do with his saved money? 2023 BuzzFeed, Inc. All rights reserved. The trolley wheels squeaked as he walked into the bank. 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. But why? Which side of value did they fall under? It was actually his religion that started the penny collecting. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. But what was he going to do with his saved money? What if you collected pennies as a hobby? He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. 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. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. "I wanted the inner satisfaction that God and I acquired this collection.". The coin reminded him to pray and give thanks. The cookie is used to store the user consent for the cookies in the category "Other. This means that on an average day, he had collected around 31 pennies. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. "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. "Whenever I would see a penny, I would always say a prayer of thanks. Determine and Measure your Ring Size Accurately, Teen Charged with Major Drug Trafficking has been Let.! By this beautiful story as we do all of our customers, Anders!, preferring instead to put them in on Tuesday at Origin bank this.. Tuesday at Origin bank collected over 45 years, up until Tuesday, he finally them. Incentive reminding me to always be thankful, Anders hadbeen collecting pennies, were... The desk and asked them to start a collection of pennies at local., Id keep these pennies forever of his raised a few eyebrows manager walked to! Being counted pennies at his local bank earlier this week loving wife and children who his! 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