Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. 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 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! 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How many are there?, she asked. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. "I became convinced that spotting a lost or dropped. 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 ! It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. But what was he going to do with his saved money? All rights reserved. — -- 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. Seventy Five Gallons If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. Then, one day, he decided to turn in the loose change. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. 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! 24/7 coverage of breaking news and live events. He couldnt believe it. The News-Star reports that employees at Ruston . It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. How many were in there? 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. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! Guess Who Her Dad Is. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. Then, one day, he decided to turn in the loose change. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! Anders kept his pennies in five-gallon plastic jugs. All rights reserved. Their eyes popped as they took in the sight of the sheer amount of pennies. For Anders, the process of collecting the coins meant more than the money he would make. I would never spend a penny, he told the News-Star. You have to find 100 of them to get a dollar it is a lot of work. "I became convinced that. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. Anders' coin collecting habit started when he found a penny on the street decades ago. These cookies will be stored in your browser only with your consent. He watched over in-school suspended children and absolutely loved his job. That is a lot of pennies. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. 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. "We value his business, as we do all of our customers," she said. La. RUSTON, La. 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. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Photo credit: United News International / YouTube. He never knew just how much money he would make. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. While he was working as a supervisor for in-school suspended children for the Jackson School Board, students found out about Anders quirk and began to save pennies to sell to him. NEW YORK DAILY . After 45 years of saving the coins and storing them in five-gallon jugs, he wheeled his collection in on a dolly to see how much he had. At the end of the labor intensive counting, the bank informed Otha he had saved a total of $5,136.14 all those 45 years! But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. He would just find them and save them. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. Turn on desktop notifications for breaking stories about interest? But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. They were much heavier than youd think, and not to mention, there were fifteen of them! After that first coin, Anders said his penny pile began to grow and he ultimately stopped spending pennies and always made sure whenever he made a purchase, his change contained at least three to four pennies. If I hadnt turned them in yesterday, I was not going to stop.. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. 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. I wanted to fill five five-gallon water jugs. He had no idea yet, but that effort resulted in a fortune, and it was all for him. 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. The woman gave Anders a long look before calling her manager. 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. 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. 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. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. "He did likewise with pennies for me." But when they finally did, the actual amount Anders had saved all these years was incredible! Then he took his jugs to a bank in Ruston, Louisiana to cash them in. 2023 BuzzFeed, Inc. All rights reserved. We also use third-party cookies that help us analyze and understand how you use this website. 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. Published: 10/28/2015 8:46:47 AM. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. "But if we can help Anders with his endeavors, we are happy to do so.". It has long been said that time is the most valuable commodity. 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. AREVIK 25.12.2022 1.1k. And they werent the only establishment to do so. Louisiana man cashes in penny collection to the tune of $5,000. 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 does not store any personal data. We value his business, as we do all of our customers, she said. Employees gathered to see the first five-gallon container being counted. 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. 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. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. than 45 years ago when he found it on the ground. Not many people think too much of a penny - it is just one cent. I would break a dollar before giving up a penny.. "But if we can help Anders with his endeavors, we are happy to do so.". The cookies is used to store the user consent for the cookies in the category "Necessary". And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. "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." Although Anders didnt have time on his side, he did have volume. We may earn a commission from links on this page. 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. 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. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. It would go towards his recent dental bill, he told theNews Star. Analytical cookies are used to understand how visitors interact with the website. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. 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. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! "I would break a dollar before giving up a penny.". The counting and processing of the coins took a total of about five hours, according to the News-Star. The woman behind the counter looked at him in disbelief. Which side of value did they fall under? "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. Man Cashes In 500,000 Pennies Collected Over 45 Years. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. "I would never spend a penny," he told the Star. Thats especially true when it comes to coins - but - only certain kinds of coins. 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. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. Youtube / Kray K News. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. I know its a crazy amount but this is a dear collection of mine that I need to cash out. This cookie is set by GDPR Cookie Consent plugin. That was the goal, but I couldnt stop. Powered and implemented by FactSet Digital Solutions. 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. It seems like Anders' steady patience and consistent well-wishing has paid off for him. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. 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 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. Your California Privacy Rights/Privacy Policy. To Anders, 73, the pennies represent more than a nice pay day. I would say hes done a lot of collecting over the years.. This meant that he soon had more pennies than he knew what to do with. So, he paid them for pennies? 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. . The plastic jugs were hacked open by an ax and hammer. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. The coin reminded him to pray and give thanks. Change for the better: Man cashes in 45-year penny collection worth $5,000. "We value his business, as we do all of our customers," she 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! Otha Anders, 73, does. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. Hed been saving pennies he found on the street for 45 long years. All of the kids love him and he was happy to look after them. It was a problem that left him devastated. Jul 2, 2018. The 73-year-old has some modest plans to spend his money. 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Coins made of base metals, such as aluminum, have very little worth. October 29, 2015 By Coin Update 13 Comments. 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. This material may not be published, broadcast, rewritten, or redistributed. The pennies were then poured into the coin machine with small plastic buckets. 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