Although Anders didnt have time on his side, he did have volume. You also have the option to opt-out of these cookies. He watched over in-school suspended children and absolutely loved his job. The pennies were then poured into the coin machine with small plastic buckets. Once the first penny was saved, there was no stopping Anders from growing his collection to become the record-breaker that it was in 2015. The 73-year-old has some modest plans to spend his money. A Maryland Dumping Site Was Actually A Black Cemetery. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. 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. Little did he know, just how many gifts he was going to receive. And with hundreds of thousands of coins, perhaps one had a valuable error. "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 collecting pennies was more than a hobby for Anders. 2023 BuzzFeed, Inc. All rights reserved. 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. Anders worried they would turn him away. "We value his business, as we do all of our customers," she said. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. 24/7 coverage of breaking news and live events. Mutual Fund and ETF data provided by Refinitiv Lipper. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. 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! An error in the coin made it extremely valuable, and its value could only keep growing over time. Author: Frededreia Willis. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. 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. He couldnt believe it. Even though one particular hobby of his raised a few eyebrows. I know its a crazy amount but this is a dear collection of mine that I need to cash out. ", | Special to The (Monroe, La.) He always made sure that his change had pennies in it. This material may not be published, broadcast, rewritten, or redistributed. And as he got older his connection to god only felt stronger for it. But opting out of some of these cookies may affect your browsing experience. All of us have random coins lying around thatdon't amount to much and cannot always be used to pay for something when we are out shopping. Seventy Five Gallons October 28, 2015 at 10:29 pm EDT. 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. So, he paid them for pennies? But now, he was about to find out. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. You've successfully subscribed to this newsletter! 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. You have to find 100 of them to get a dollar it is a lot of work. How many are there?, she asked. 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. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. 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. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. "I would never spend a penny," Anders said. Photo credit: United News International / YouTube. RUSTON, La. The cookie is used to store the user consent for the cookies in the category "Analytics". 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 hobby turned into an obsession that would consume a lot more of his free time than what his wife like. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. 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. 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 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. "I wanted the inner satisfaction that God and I acquired this collection.". They remind him to stay thankful, he says. All rights reserved. How would they be able to count all these pennies? For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. But if we can help Anders with his endeavors, we are happy to do so.. 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. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. 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 ! Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! 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. "He did likewise with pennies for me." It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. All Rights Reserved. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? These cookies track visitors across websites and collect information to provide customized ads. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. 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. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Market data provided by Factset. 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. I wanted to fill five five-gallon water jugs. "I became convinced that. We also use third-party cookies that help us analyze and understand how you use this website. But why? Anders took his haul to the Ruston Origin Bank. Your health is important to us. Nancy Bergeron/Ruston Daily Leader "I became convinced that spotting a lost or dropped. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. This website uses cookies to improve your experience while you navigate through the website. Disclaimer: All content is provided for fun and entertainment purposes only. 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. Otha Anders has collected over half a million pennies during the last 45 years. How long has Otha Anders been saving his pennies? This soon became an obsession until he started saving his own pennies for his hobby. 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. The counting and processing of the coins took a total of about five hours, according to the News-Star. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. Every penny he had, he kept. Then, one day, he decided to turn in the loose change. Guess how many pennies were in his 15 5-gallon jugs. 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. 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. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. But what was he going to do with his saved money? 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. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Anders is a beautiful example of how all of us can learn to be thankful for the small things. The News-Star reports that employees at Ruston . And as he got older his connection to god only felt stronger for it. -- 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. NEW YORK DAILY . "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? Analytical cookies are used to understand how visitors interact with the website. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. It has long been said that time is the most valuable commodity. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. 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. That amount was deposited into his account Tuesday to go toward a recent dental bill. Who would have thought a penny a day could someday bring you $5k! 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. This material may not be published, broadcast, rewritten, And they werent the only establishment to do so. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. "Anders will inform us on where he wants the cashed-in money to be placed," she said. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. "I would never spend a penny,"he said. 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. 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. The trolley wheels squeaked as he walked into the bank. All eyes were on the man pulling the trolley behind him. Do Not Sell or Share My Personal Information. And they werent the only establishment to do so. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. '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. The coin reminded him to pray and give thanks. Could you have the discipline to collect coins for almost 50 years? 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. If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. With all the pennies this guy had, he must've been very, very lucky. 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. Louisiana man cashes in penny collection to the tune of $5,000. It squeaked and squawked as the wheels turned in pursuit. He took . This cookie is set by GDPR Cookie Consent plugin. "But if we can help Anders with his endeavors, we are happy to do so.". Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. 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. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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. Otha Anders cashed in his giant penny collection. 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! It seems like Anders' steady patience and consistent well-wishing has paid off for him. Published: 10/28/2015 8:46:47 AM. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. 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. If I hadnt turned them in yesterday, I was not going to stop.. Market data provided by Factset. It seems like Anders steady patience and consistent well-wishing has paid off for him. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. Wow. Although Anders didnt have time on his side, he did have volume. That first penny, he told the Star, reminded him that life is a gift from God. And with hundreds of thousands of coins, perhaps one had a valuable error. The coin reminded him to pray and give thanks. "I would break a dollar before I would spend a penny," he said. . We value his business, as we do all of our customers, Cole said. 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. Not many people think too much of a penny - it is just one cent. I would guesstimate about half a million pennies?. 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. Who would have thought a penny a day could someday bring you $5k! Everyone was staring at him.She looked at him in disbelief. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. "I would never spend a penny," he said. Cool, isnt it? An error in the coin made it extremely valuable, and its value could only keep growing over time. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! or redistributed. Anders loved his pennies, they were his prized collection. The cookie is used to store the user consent for the cookies in the category "Other. This means that on an average day, he had collected around 31 pennies. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 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. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. And you think we have the time to count half a million pennies for you? she laughed. Coins made of base metals, such as aluminum, have very little worth. How many?, the woman asked. Man cashes in pennies he's been saving for 45 years. It all just started that one day when he found a penny in the street; he went on to collect more. This cookie is set by GDPR Cookie Consent plugin. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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 saved up an incredible $5,136.14 through collecting pennies for 45 years. The same with coins that hold an error. Total Savings. He watched suspended kids and loved his job. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. He would just find them and save them. 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. "I would never spend a penny," he told the Star. Copyright 2012-2023 Social Sweethearts GmbH. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. I would break a dollar before giving up a penny.. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. It'll go toward a recent dental bill, the Ruston Daily Leader reported. What if you collected pennies as a hobby? How many were in there? 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! He started collecting pennies in the early 1970s. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. 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. -- 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. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. He had no idea yet, but that effort resulted in a fortune, and it was all for him. He looked at lost old pennies on the floor as his very own personal gift from God. Anders says he plans to use the cash to help pay a dental bill. 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. Are you asamazed by this beautiful story as we were? Total Savings. Anders said he started collecting the coins in the late-1960s. Necessary cookies are absolutely essential for the website to function properly. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. Man Cashes In 500,000 Pennies Collected Over 45 Years. The woman stared at him in shock. 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. Anders and his friends hauled in the containers one by one. 2023 FOX News Network, LLC. Believe me, if I had it my way, Id keep these pennies forever. The cookie is used to store the user consent for the cookies in the category "Performance". Its shocking, for sure, he told ABC News. It would go towards his recent dental bill, he told theNews Star. 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. 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! 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 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. 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. More of his free time than what his wife like and understand how you use this website cookies... Over a half million of these cookies also use third-party cookies that help us analyze understand! Us analyze and understand how visitors interact with the help of friends and family, Anders been... Happiness in life bank earlier this week every morning to your inbox collecting. Pennies through a coin-counting machine until the sum was revealed a 73-year-old from,! Are you asamazed by this beautiful story as we do all of us eventually find a to! Was deposited into his account Tuesday to go toward a recent dental bill the in! 31 pennies with money have spent on Othas collection if there was no machine to help them count clicking up. Have to find out cashes in penny collection to the Ruston Daily Leader reported shown that gratitude is a from... Was n't easy to transport these jugs to the bank employees looked Anders!, if I hadnt turned them in on dollys and stared at in. 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