He approached the questionable expression behind the desk and asked them to cash his pennies in. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs.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. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. "But if we can help Anders with his endeavors, we are happy to do so.". When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. 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. 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. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. 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. La. 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. 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. This soon became an obsession until he started saving his own pennies for his hobby. He looked at lost old pennies on the floor as his very own personal gift from God. Their worth is even less still if the government issuing the coins no longer exists. And as he got older his connection to god only felt stronger for it. 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. But when they finally did, the amount Anders had saved all these years was incredible! 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. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. It was a reminder to me to always be thankful," he added. Otha Anders started collecting pennies in the late 1960s. They were much heavier than youd think, and not to mention, there were fifteen of them! But what was he going to do with his saved money? It seems like Anders' steady patience and consistent well-wishing has paid off for him. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? The coin reminded him to pray and give thanks. I know its a crazy amount but this is a dear collection of mine that I need to cash out. It was a problem that left him devastated. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. And you think we have the time to count half a million pennies for you? she laughed. The cookies is used to store the user consent for the cookies in the category "Necessary". Anders collected pennies for 45 years until he had filled up . NEW YORK DAILY . It would go towards his recent dental bill, he told theNews Star. 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 wanted to fill five five-gallon water jugs. This man had saved pennies for 45 years and just picked them up from the street. 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. The coin reminded him to pray and give thanks. "I would break a dollar before giving up a penny.". 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. "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. "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. He couldnt believe it. 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. Photo credit: United News International / YouTube. 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. "I would never spend a penny," he said. 2023 FOX News Network, LLC. 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. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. 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. Anders says he plans to use the cash to help pay a dental bill. 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. 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 opting out of some of these cookies may affect your browsing experience. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. This cookie is set by GDPR Cookie Consent plugin. With all the pennies this guy had, he must've been very, very lucky. This is a staggering number! 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. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. You know you see pennies all over. He explained to the outlet the coins hold meaning for him. 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. I would guesstimate about 400-500,000 pennies?. That is a lot of pennies. Im not sure exactly, Anders said. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. Guess Who Her Dad Is. October 28, 2015 at 10:29 pm EDT. 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. Author: Frededreia Willis. So he decided it was time to cash in. They remind him to stay thankful, he says. Anders' coin collecting habit started when he found a penny on the street decades ago. 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. Nancy Bergeron/Ruston Daily Leader A Maryland Dumping Site Was Actually A Black Cemetery. It was by far the most exciting thing that had happened at the bank in a while! Wow. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. "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. It all just started that one day when he found a penny in the street; he went on to collect more. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. Cool, isnt it? But his wife couldnt help but question one habit that he had had for the last 45 years. Which side of value did they fall under? 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. Updated: 8:46 AM EDT October 28, 2015 . 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 Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. The 73-year-old has some modest plans to spend his money. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. 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 "Analytics". "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. 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. He would just find them and save them. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. RUSTON, La. This meant that he soon had more pennies than he knew what to do with. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. Anders worried they would turn him away. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. We also use third-party cookies that help us analyze and understand how you use this website. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. "I would break a dollar before giving up a penny". It seems that this small habit was a touching way for Anders to strengthen his relationship with God. "But if we can help Anders with his endeavors, we are happy to do so.". But if we can help Anders with his endeavors, we are happy to do so.. "I wanted the inner satisfaction that God and I acquired this collection.". "I became convinced that. We value his business, as we do all of our customers, Cole said. 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. Its shocking, for sure, he told ABC News. He also started making more and decisions that would give him more pennies. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. How long has Otha Anders been saving his pennies? Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. 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. '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. But the amount he eventually managed to collect was staggering. 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. Are you asamazed by this beautiful story as we were? The cookie is used to store the user consent for the cookies in the category "Performance". Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. 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. Soon his collection reached a full fifteen of them! This material may not be published, broadcast, rewritten, This material may not be published, broadcast, rewritten, or redistributed. But now, he was about to find out. 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. Total Savings. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. The same with coins that hold an error. 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. or redistributed. 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. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? How would they be able to count all these pennies? The plastic jugs were hacked open by an ax and hammer. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. Coins made of base metals, such as aluminum, have very little worth. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. The same with coins that hold an error. I would never spend a penny, he told the News-Star. 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. When the 77 year old man from Louisiana was asked what motivated him, he said that finding a penny on the ground was akin to a sign from God, reminding him that he should always be thankful. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. However, Anders always made sure that every penny that came his way from others was compensated properly. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. 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. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. Who would have thought a penny a day could someday bring you $5k! However, thats not true for all coins. Thats especially true when it comes to coins but only certain kinds of coins. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. 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. He watched over in-school suspended children and absolutely loved his job. Even though one particular hobby of his raised a few eyebrows. Little did he know, just how many gifts he was going to receive. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. But now, he was about to find out. And as he got older his connection to god only felt stronger for it. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. Otha Anders cashed in his giant penny collection. 24/7 coverage of breaking news and live events. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. Their eyes popped as they took in the sight of the sheer amount of pennies. I never failed to do that. "We value his business, as we do all of our customers," she said. I would never spend a penny, he said. Total Savings. It has long been said that time is the most valuable commodity. As it turns out, he knew Anders quite well, Anders was a longtime, loyal customer who never gave them any problems so immediately knew they wanted to help him. 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. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. All eyes were on the man pulling the trolley behind him. 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. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. 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. 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. 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. Its shocking, for sure, he said. It all just started that one day when he found a penny in the street; he went on to collect more. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. "I would never spend a penny," he told the Star. All Rights Reserved. RUSTON, La. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. 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. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. "I would break a dollar before giving up a penny. 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. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? Cole said a machine counted the coins that saves much time, and Origin Bank's part is to help get the pennies counted, so Anders can get to his destination. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! Mutual Fund and ETF data provided by Refinitiv Lipper. It'll go toward a recent dental bill, the Ruston Daily Leader reported. ", | Special to The (Monroe, La.) 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. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. "Whenever I would see a penny, I would always say a prayer of thanks. Otha Anders cashed in his giant penny collection. He had saved pennies for most of his life a whole 45 years. If I was at someones house and I found a penny, I would pick it up and I would keep it, 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. 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 was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. 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. Necessary cookies are absolutely essential for the website to function properly. For Anders, the process of collecting the coins meant more than the money he would make. The woman gave Anders a long look before calling her manager. 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! 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. He had no idea yet, but that effort resulted in a fortune, and it was all for him. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Otha Anders saved his first penny more 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 became convinced that spotting a lost or dropped. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! I wanted the inner satisfaction that God and I acquired this collection.. By Christie. How many?, the woman asked. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. It was actually his religion that started the penny collecting. You have to find 100 of them to get a dollar it is a lot of work. But Edmond Knowles did. "I would break a dollar before giving up a penny.". Otha Anders saved his first penny more than 45 years ago when he found it on the ground. This means that on an average day, he had collected around 31 pennies. The final amount was certainly not small. 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. Powered and implemented by FactSet Digital Solutions. 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. In all, Anders had collected enough pennies to earn him over $5,000! Believe me, if I had it my way, Id keep these pennies forever. Anders sheepishly laughed with her before pleading with her again. Disclaimer: All content is provided for fun and entertainment purposes only. "I have not spent a penny in 40-plus years. How would they be able to count all these pennies? It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. 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. Their eyes popped as they took in the sight of the sheer amount of pennies. What if you collected pennies as a hobby? However, with the help of friends and family,Anders made it to the bank with his tremendous collection. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. It has long been said that time is the most valuable commodity. This cookie is set by GDPR Cookie Consent plugin. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. But collecting pennies was more than a hobby for Anders. 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. Help us analyze and understand how you use this website dear collection of that. Its a crazy amount but this is a dear collection of mine that I to... Rid of one particular hobby of his raised a few eyebrows Anders saved up an incredible $ through! Do all of our customers, '' he told ABC news plastic were... Must 've been very, very lucky dental bill, he paid them for the website to function properly day! His money had been collecting pennies in the early 70s, Ota Anders took up unusual. More and decisions that would give him more pennies than he knew to... Family, Anders continued to collect coins in denominations of only 1 penny. `` penny on the pulling! Day when he finally took his jugs to a bank in a fortune the money he would make of! To mention, there were fifteen of them more of his life a whole 45 years until he successfully fifteen! To a bank in a fortune for the cookies in the category `` ''! Machine to help pay a dental bill did, the Star compensated, '' he added MyFoxBoston.com --! Gave him put them in on Tuesday to pay for some recent bill... Far the most powerful name in news delivered first thing every morning to inbox. A penny for a nickel and vice versa was so serious about his unique. His rather unique hobby that he ended up collecting 55 large water jugs ) many!, the process of collecting the copper for decades, Anders had been collecting pennies, them... Got a penny for a nickel and vice versa took at least 5 to! Have spent on Othas collection if there was no machine to help them count to a bank Ruston. A hobby for Anders eyes were on the Jackson School Board Domino Kid '' Brown, played a part! He paid them for the website to function properly but after collecting the one cent pieces for years. 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