This cookie is set by GDPR Cookie Consent plugin. So, he paid them for pennies? 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. 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. It was a reminder to me to always be thankful," he added. Anders and his friends hauled in the containers one by one. 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. By Christie. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. 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. According to the . During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. "We value his business, as we do all of our customers," she said. Anders sheepishly laughed with her before pleading with her again. Copyright 2012-2023 Social Sweethearts GmbH. (Fox 14). He took . 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! By clicking Accept All, you consent to the use of ALL the cookies. "But if we can help Anders with his endeavors, we are happy to do so.". Hed been saving pennies he found on the street for 45 long years. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. "I would break a dollar before giving up a penny.". To Anders, 73, the pennies represent more than a nice pay day. It'll go toward a recent dental bill, the Ruston Daily Leader reported. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. Their eyes popped as they took in the sight of the sheer amount of pennies. Your health is important to us. It seems like Anders' steady patience and consistent well-wishing has paid off for him. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. It was by far the most exciting thing that had happened at the bank in a while! NEW YORK DAILY . An error in the coin made it extremely valuable, and its value could only keep growing over time. He looked at lost old pennies on the floor as his very own personal gift from God. 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! How would they be able to count all these pennies? 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. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. "But if we can help Anders with his endeavors, we are happy to do so.". As a supervisor for in-school suspended children for the Jackson School Board, Anders said his students learned about his penny fascination and would save them up to sell to him. "I wanted the inner satisfaction that God and I acquired this collection.". Anders' coin collecting habit started when he found a penny on the street decades ago. RUSTON, La. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. The 73-year-old has some modest plans to spend his money. All of the kids love him and he was happy to look after them. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. 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. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. Little did he know, just how many gifts he was going to receive. 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. He cashed in the coins to the Ruston Origin Bank, in 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. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. 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. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. He started collecting pennies in the early 1970's. He would just find them and save them. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. 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! "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. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. I wanted the inner satisfaction that God and I acquired this collection.. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? 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. Who would have thought a penny a day could someday bring you $5k! "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.". And as he got older his connection to god only felt stronger for it. Otha Anders, 73, does. For anyone whos trying to work it out, thats $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. "I would break a dollar before giving up a penny". This material may not be published, broadcast, rewritten, Anders worried they would turn him away. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. 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. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? His quirky hobby turned out to be a brilliant reminder of how much little things matter. 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. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. It all just started that one day when he found a penny in the street; he went on to collect more. Otha Anders was a 73-year-old who worked with the Jackson School Board. "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. Photo credit: United News International / YouTube. It does not store any personal data. What if you collected pennies as a hobby? But that's not all. 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. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. Part of HuffPost News. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. But if we can help Anders with his endeavors, we are happy to do so.. But Edmond Knowles did. How many?, the woman asked. 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. "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. 2023 BuzzFeed, Inc. All rights reserved. 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. Photo credit: United News International / YouTube. Soon his collection reached a full fifteen of them! Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. I would guesstimate about half a million pennies?. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. 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. 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. -- 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. 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. 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. — -- 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. (Fox 14) A Louisiana man who collected pennies for almost half a . Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Anders and his friends hauled in the containers one by one. But what was he going to do with his saved money? The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. It reportedly took five hours for machines to count all the change. Anders said he has truly enjoyed looking at his penny collection to the extent that in the 1970s, when the U.S. government offered a $25 bonus for every $100 worth of pennies turned in, he refused to cash in his collection. Anders collected pennies for 45 years until he had filled up . This man had saved pennies for 45 years and just picked them up from the street. The counting and processing of the coins took a total of about five hours, according to the News-Star. This penny reminded him to give thanks for the small but wonderful things that happen in life. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. 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. This is a staggering number! 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 if we can help Anders with his endeavors, we are happy to do so.". This material may not be published, broadcast, rewritten, or redistributed. The machine bags had to be changed for every $50. However, Anders always made sure that every penny that came his way from others was compensated properly. These cookies ensure basic functionalities and security features of the website, anonymously. This soon became an obsession until he started saving his own pennies for his hobby. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. By. 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! He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. 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.. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. It squeaked and squawked as the wheels turned in pursuit. 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. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. But what about Anders coins? The cookies is used to store the user consent for the cookies in the category "Necessary". "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. 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. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. You know you see pennies all over. These cookies will be stored in your browser only with your consent. Otha Anders has collected over half a million pennies during the last 45 years. The coin reminded him to pray and give thanks. 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. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. The pennies were then poured into the coin machine with small plastic buckets. Its shocking, for sure, he said. I would guesstimate about 400-500,000 pennies?. How many are there?, she asked. "I would break a dollar before I would spend a penny," he said. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! Cool, isnt it? "I would never spend a penny," he told the Star. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? Everyone was staring at him.She looked at him in disbelief. See a penny pick it up and if you're like this guy who did that for 45 years you could eventually be walking away with a nice chunk of change.literally. 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. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. I know its a crazy amount but this is a dear collection of mine that I need to cash out. But his wife couldnt help but question one habit that he had had for the last 45 years. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. Powered and implemented by FactSet Digital Solutions. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. "I would never spend a penny," Anders said. 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. 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. 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. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. All rights reserved. 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. 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. That is a lot of pennies. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. It would go towards his recent dental bill, he told theNews Star. It seems like Anders steady patience and consistent well-wishing has paid off for him. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! However, with the help of friends and family,Anders made it to the bank with his tremendous collection. He couldnt believe it. Even though one particular hobby of his raised a few eyebrows. Although Anders didnt have time on his side, he did have volume. 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. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. Its shocking, for sure, he told ABC News. 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. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. 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. Total Savings. 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. 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. This cookie is set by GDPR Cookie Consent plugin. They were much heavier than youd think, and not to mention, there were fifteen of them! All eyes were on the man pulling the trolley behind him. Anders says he plans to use the cash to help pay a dental bill. However, you may visit "Cookie Settings" to provide a controlled consent. 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. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. "I would break a dollar before giving up a penny.". And with hundreds of thousands of coins, perhaps one had a valuable error. ", | Special to The (Monroe, La.) How long has Otha Anders been saving his pennies? This cookie is set by GDPR Cookie Consent plugin. After over 5 hours of counting and processing pennies in a machine at the bank, Anders had a total of$5,136.14 worth of pennies. In the end, Anders was always fair about how he came across his pretty pennies. "I would never spend a penny,"he said. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, 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. Anders said. And you think we have the time to count half a million pennies for you? she laughed. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. He explained to the outlet the coins hold meaning for him. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. It escalated from there. Necessary cookies are absolutely essential for the website to function properly. 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. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. It has long been said that time is the most valuable commodity. How would they be able to count all these pennies? I never failed to do that. But why? Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . "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 said. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. "I would never spend a penny," he said. . Their worth is even less still if the government issuing the coins no longer exists. He watched suspended kids and loved his job. He watched over in-school suspended children and absolutely loved his job. But the amount he eventually managed to collect was staggering. They were much heavier than youd think, and not to mention, there were fifteen of them! For Anders, the process of collecting the coins meant more than the money he would make. 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. He would just find them and save them. Which side of value did they fall under? He approached the questionable expression behind the desk and asked them to cash his pennies in. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. But he still had some cash left over which he put towards a family trip and church donations. 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. 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. 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