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. And with hundreds of thousands of coins, perhaps one had a valuable error. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. While he may not be able to amass another collection so large, we are sure that the happiness that comes from the act of collecting the coins will only continue to multiply. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. 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. 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. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. I would guesstimate about 400-500,000 pennies?. "He did likewise with pennies for me.". Otha Anders, 73, does. You have to find 100 of them to get a dollar it is a lot of work. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. "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. Author: Frededreia Willis. 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. "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. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. Guess Who Her Dad Is. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. That amount was deposited into his account Tuesday to go toward a recent dental bill. By clicking Accept All, you consent to the use of ALL the cookies. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. into his account to go toward a recent dental bill. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. 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. Not many people think too much of a penny - it is just one cent. All Rights Reserved. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. Although Anders didnt have time on his side, he did have volume. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. This cookie is set by GDPR Cookie Consent plugin. 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. 24/7 coverage of breaking news and live events. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. 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. He watched suspended kids and loved his job. The 73-year-old has some modest plans to spend his money. 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. The final amount was certainly not small. 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. 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. 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. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Otha Anders cashed in his giant penny collection. It was actually his religion that started the penny collecting. How would they be able to count all these pennies? https://www.youtube.com/watch?v=Orav4IyjgtE. The woman behind the counter looked at him in disbelief. It does not store any personal data. But Edmond Knowles did. But what was he going to do with his saved money? To Anders, 73, the pennies represent more than a nice pay day. So, he paid them for pennies? I know its a crazy amount but this is a dear collection of mine that I need to cash out. "I wanted the inner satisfaction that God and I acquired this collection.". We also use third-party cookies that help us analyze and understand how you use this website. Your California Privacy Rights/Privacy Policy. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. Anders sheepishly laughed with her before pleading to her again. Its shocking, for sure, he said. How would they be able to count all these pennies? After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. The News-Star reports that employees at Ruston . Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. However, you may visit "Cookie Settings" to provide a controlled consent. 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. How many are there?, she asked. Employees gathered to see the first five-gallon container being counted. 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. It squeaked and squawked as the wheels turned in pursuit. The plastic jugs were hacked open by an ax and hammer. 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. In the 1970s, when the government was offeringa $25 bonus for every $100 worth of pennies turned in, he still refused to cash in his collection, as per USA Today. Which side of value did they fall under? 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. 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! The cookie is used to store the user consent for the cookies in the category "Performance". These cookies track visitors across websites and collect information to provide customized ads. 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! 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. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! Part of HuffPost News. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. You also have the option to opt-out of these cookies. I never failed to do that. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. What began as something fun turned into a full-blown obsession and an all-consuming hobby. You know you see pennies all over. It escalated from there. Otha Anders was a 73-year-old who worked with the Jackson School Board. How would they be able to count all these pennies? 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. An error in the coin made it extremely valuable, and its value could only keep growing over time. 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. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. Published: 10/28/2015 8:46:47 AM. After 45 years of saving, Anders was able to put the money to good use and spend it on a dental bill that had just been issued to him. It took the bank over 5 hours to count the money and thats through a machine! By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. 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. An error in the coin made it extremely valuable, and its value could only keep growing over time. It reportedly took five hours for machines to count all the change. 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. But why? The woman stared at him in shock. . They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. Here was a man who certainly lived by the adage "See a penny, pick it up. 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. Their worth is even less still if the government issuing the coins no longer exists. Which side of value did they fall under? The cookies is used to store the user consent for the cookies in the category "Necessary". Anders worried they would turn him away. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. It was actually his religion that started the penny collecting. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. 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. 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. Who would have thought a penny a day could someday bring you $5k! It was a problem that left him devastated. than 45 years ago when he found it on the ground. 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. 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. 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. "I would never spend a penny," Anders said. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Man Cashes In 500,000 Pennies Collected Over 45 Years. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . 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! Soon his collection reached a full fifteen of them! 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 ! Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. He had saved pennies for most of his life a whole 45 years. RUSTON, La. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. He approached the questionable expression behind the desk and asked them to cash his pennies in. 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. How long has Otha Anders been saving his pennies? In the end, Anders was always fair about how he came across his pretty pennies. 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. "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. This is a staggering number! "We value his business, as we do all of our customers," she said. He never knew just how much money he would make. "We value his business, as we do all of our customers," he said. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. But when they finally did, the actual amount Anders had saved all these years was incredible! The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. Employees gathered to see the first five-gallon container being counted. Wow. And as he got older his connection to god only felt stronger for it. 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. He had no idea, but clearly, this would result in a fortune. The counting and processing of the coins took a total of about five hours, according to the News-Star. What if you collected pennies as a hobby? This means that on an average day, he had collected around 31 pennies. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. 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 manager of Ed's. Its shocking, for sure, he told ABC News. I would break a dollar before giving up a penny.. He walked into the bank, rolling a dolly behind him. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. In all, Anders had collected enough pennies to earn him over $5,000! All of the kids love him and he was happy to look after them. Anders said he started collecting the coins in the late-1960s. When he found out that his homeowner's policy no longer covered his pennies, he had no choice but to cash in his collection of over 45 years. However, Anders always made sure that every penny that came his way from others was compensated properly. A lot of us dont really mind the coins in our pocket, especially the ones with the smallest values but there are those who have proven that even the smallest coins can bring in a lot of cash; although youve got to spend decades to collect a lot to actually give you that much money! 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. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. This man had saved pennies for 45 years and just picked them up from the street. Market data provided by Factset. So he decided it was time to cash in. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. Although Anders didnt have time on his side, he did have volume. But when they finally did, the amount Anders had saved all these years was incredible! We value his business, as we do all of our customers, Cole 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 collecting pennies was more than a hobby for Anders. These cookies ensure basic functionalities and security features of the website, anonymously. The user consent for the cookies in the coins in the late-1960s consent plugin clearly, this would result a... Which comes to a little over $ 5,000 count: 513,614 pennies in cookie... 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