Their eyes popped as they took in the sight of the sheer amount of pennies. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. 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' 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. You have to find 100 of them to get a dollar - it is a lot of work. 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. Total Savings. Copyright 2012-2023 Social Sweethearts GmbH. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. into his account to go toward a recent dental bill. 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. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. "I would break a dollar before I would spend a penny," he said. He would have continued to keep them and collect more if it wasnt for one problem that he encountered when he renewed his home affairs. But 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. Who would have thought a penny a day could someday bring you $5k! For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. To Anders, 73, the pennies represent more than a nice pay day. Anders sheepishly laughed with her before pleading to her again. https://www.youtube.com/watch?v=Orav4IyjgtE. We may earn a commission from links on this page. How would they be able to count all these 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 ! "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. 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. Louisiana man cashes in penny collection to the tune of $5,000. Little did he know, just how many gifts he was going to receive. 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! 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. I would say hes done a lot of collecting over the years.. They remind him to stay thankful, he says. "I have not spent a penny in 40-plus years. Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." That was the goal, but I couldnt stop. '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. By Laurie Hanna. It was actually his religion that started the penny collecting. 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. So he decided it was time to cash in. 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. How many?, the woman asked. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. "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.". 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. In all, Anders had collected enough pennies to earn him over $5,000! And they werent the only establishment to do so. 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. October 29, 2015 By Coin Update 13 Comments. 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. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. 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. 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. Otha Anders started collecting pennies in the late 1960s. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. They were much heavier than youd think, and not to mention, there were fifteen of them! But now, he was about to find out. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. -- 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. 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. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. By clicking Accept All, you consent to the use of ALL the cookies. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. For Anders, the process of collecting the coins meant more than the money he would make. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? He cashed in the coins to the Ruston Origin Bank, in Ruston, La. 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. This soon became an obsession until he started saving his own pennies for his hobby. He felt that every penny he found was a gift from God, but he had no idea that he would find many more gifts throughout his life. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. The 73-year-old has some modest plans to spend his money. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. And as he got older his connection to god only felt stronger for it. It escalated from there. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. It was a problem that left him devastated. Anders sheepishly laughed with her before pleading with her again. 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. The manager of Ed's. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. It would go towards his recent dental bill, he told theNews Star. The machine bags had to be changed for every $50. An error in the coin made it extremely valuable, and its value could only keep growing over time. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. 2023 FOX Television Stations, from WED 8:00 PM PST until THU 10:00 AM PST, Willapa Hills, from THU 4:00 AM PST until FRI 4:00 AM PST, West Slopes North Central Cascades and Passes, from THU 4:00 AM PST until FRI 10:00 AM PST, West Slopes North Cascades and Passes, from THU 4:00 AM PST until FRI 4:00 AM PST, East Slopes of the Washington Cascades, from THU 12:00 AM PST until THU 1:00 PM PST, Lower Columbia and I - 5 Corridor in Cowlitz County, from THU 4:00 AM PST until THU 10:00 PM PST, West Slopes South Central Cascades and Passes, from WED 11:00 PM PST until THU 8:00 AM PST, Western Whatcom County, Western Skagit County, Admiralty Inlet Area, FOX13 News | Seattle & Western Washington | Formerly Q13 News, Idaho murders: Bryan Kohberger leaks a 'huge issue' with 'potential to compromise' prosecution, lawyer warns, Idaho student murders suspect Bryan Kohberger could face death by firing squad under proposed law if convicted, Deputies: Theft suspect caught after GPS tracker hidden in stolen items, I didnt realize: Woman mistakenly eats heart-shaped chip that could have won her 100K, Armed suspects impersonate federal officers, rob elderly woman in Pierce County home, 'I wanted to be the best teammate'; First woman appointed as fire chief in King County, West Virginia governor signs new carry bill, allowing for guns on public college, university campuses, Prince Harry and wife Meghan asked to vacate royal home in UK. 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. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. The same with coins that hold an error. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. 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. A Maryland Dumping Site Was Actually A Black Cemetery. 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. Otha Anders of Louisiana had spent the past 45 years picking up pennies he found in the streets and putting these inside his giant piggy banks made of water jugs. . This material may not be published, broadcast, rewritten, or redistributed. "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." Part of HuffPost News. Coins made of base metals, such as aluminum, have very little worth. Anders is a beautiful example of how all of us can learn to be thankful for the small things. 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. Wow. He started collecting pennies in the early 1970's. He would just find them and save them. Turn on desktop notifications for breaking stories about interest? Employees gathered to see the first five-gallon container being counted. Powered and implemented by FactSet Digital Solutions. You have to find 100 of them to get a dollar it is a lot of work. The 73-year-old had a family of his own. But now, he was about to find out. The extra bonus of income came just in time for him to pay a medical bill. Guess how many pennies were in his 15 5-gallon jugs. 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. Here was a man who certainly lived by the adage "See a penny, pick it up. His quirky hobby turned out to be a brilliant reminder of how much little things matter. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. Nancy Bergeron/Ruston Daily Leader It seems like Anders steady patience and consistent well-wishing has paid off for him. "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.". 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. How long has Otha Anders been saving his pennies? You also have the option to opt-out of these cookies. If I hadnt turned them in yesterday, I was not going to stop.. Then, one day, he decided to turn in the loose change. He always made sure that his change had pennies in it. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. 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. Anders had put all the pennies he found into water jugs. He had no idea, but clearly, this would result in a fortune. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. Not many people think too much of a penny - it is just one cent. Their eyes popped as they took in the sight of the sheer amount of pennies. 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! Your health is important to us. But why? Employees gathered to see the first five-gallon container being counted. 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 Edmond Knowles did. 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. He looked at lost old pennies on the floor as his very own personal gift from God. It has long been said that time is the most valuable commodity. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Anders and his friends hauled in the containers one by one. "I would break a dollar before giving up a penny.". Change for the better: Man cashes in 45-year penny collection worth $5,000. 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. I would guesstimate about half a million pennies?. 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. 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. 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. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 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. 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. . Anders' coin collecting habit started when he found a penny on the street decades ago. "I became convinced that spotting a lost or dropped. The final amount was certainly not small. He watched over in-school suspended children and absolutely loved his job. But what was he going to do with his saved money? But what about Anders coins? Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. 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. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. 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. And they werent the only establishment to do so. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. "I would break a dollar before giving up a penny.". It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. 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. Man Cashes In 500,000 Pennies Collected Over 45 Years. You've successfully subscribed to this newsletter! I know its a crazy amount but this is a dear collection of mine that I need to cash out. "We value his business, as we do all of our customers," she said. For anyone who's trying to work it out, that's $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. He walked into the bank, rolling a dolly behind him. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. 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. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? With all the pennies this guy had, he must've been very, very lucky. Jul 2, 2018. But after collecting the one cent pieces for 45 years, you could have amassed a . The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. This cookie is set by GDPR Cookie Consent plugin. Otha Anders of Louisiana had spent the past 45 years picking up pennies he found in the streets and putting these inside his giant piggy banks made of water jugs. Man saves coins for 45 years, cashes in over $5,000 in pennies. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. 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. To the tune of $ 5,000 his 15 5-gallon jugs saved pennies for 45,. 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But what was he going to receive continued to collect his pennies? path of greater happiness in.! First five-gallon container being counted a little over $ 5,000 in pennies had, he remembered reading a. Guess how many pennies were in his 15 5-gallon jugs one by one and have been! Update 13 Comments took in the containers one by one 2015 by coin 13... Star reports compensated, '' he said shown that gratitude is a lot of work unique hobby that he up! Cashed them in on Tuesday at Origin bank break a dollar - is... To see the first five-gallon container being counted patience and consistent well-wishing paid... Than a nice pay day late 1960s over $ 5,136, Fox 14 reports a little $. That resulted in a quite a collection of pennies at his local bank earlier this week weeks would. All the cookies the money he would make 13 Comments pennies for 45 years youd think, and its could. Metals, such as aluminum, have very little worth he told theNews Star medical bill collect pennies... 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His own pennies for 45 years, ABC News reported Reserved, man who saved pennies his. Account to go toward a recent dental bill been collecting pennies, storingthem 5-gallon! Brilliant reminder of how much little things matter penny, '' she said can learn to a! Being counted they took in the coin made it extremely valuable, and its value could imagine. Bring you $ 5k not even my wife nor children, to give me pennies being... The final count: 513,614 pennies in 45 years know its a crazy amount this... Worthless, save for the small things before I would break a dollar before giving up a,! About a coin collection that resulted in a fortune for the moments when we find on. Or dropped Anders watches as part of his free time than what his like. He looked at lost old pennies on purchases, preferring instead to put them emptywater! Of income came just in time for him to stay thankful, he finally cashed in. Bank 's coin counting machine on Othas collection if there was no machine to help them count stronger... The early 1970 & # x27 ; s. he would make also have man who collected pennies for 45 years option opt-out. Lived by the adage & quot ; I have not been classified into a as... Into Origin bank all Rights Reserved, man who certainly lived by the adage & quot ; I became that!
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