This cookie is set by GDPR Cookie Consent plugin. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. "Whenever I would see a penny, I would always say a prayer of thanks. or redistributed. 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. 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. Share away, people! 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. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. It does not store any personal data. He couldnt believe it. Youtube / Kray K News. Market data provided by Factset. The extra bonus of income came just in time for him to pay a medical bill. Thats especially true when it comes to coins - but - only certain kinds of coins. We may earn a commission from links on this page. It seems like Anders' steady patience and consistent well-wishing has paid off for him. How would they be able to count all these pennies? "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. "I would break a dollar before giving up a penny". "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." For anyone who's trying to work it out, that's $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. 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. into his account to go toward a recent dental bill. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. Quotes displayed in real-time or delayed by at least 15 minutes. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. It seems like Anders steady patience and consistent well-wishing has paid off for him. Although Anders didnt have time on his side, he did have volume. All of the kids love him and he was happy to look after them. He approached the questionable expression behind the desk and asked them to cash his pennies in. 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. How would they be able to count all these pennies? The 73-year-old has some modest plans to spend his money. Anders took his haul to the Ruston Origin Bank. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Total Savings. The cookie is used to store the user consent for the cookies in the category "Analytics". When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . He explained to the outlet the coins hold meaning for him. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. This means that on an average day, he had collected around 31 pennies. The machine bags had to be changed for every $50. 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. "I would break a dollar before giving up a penny. But opting out of some of these cookies may affect your browsing experience. 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. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. This website uses cookies to improve your experience while you navigate through the website. Anders collected pennies for 45 years until he had filled up . Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. "I would break a dollar before giving up a penny.". 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. Guess Who Her Dad Is. However, you may visit "Cookie Settings" to provide a controlled consent. He had no idea, but clearly, this would result in a fortune. 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 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. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. I would say hes done a lot of collecting over the years.. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. Their eyes popped as they took in the sight of the sheer amount of pennies. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. But after collecting the one cent pieces for 45 years, you could have amassed a . Anders' coin collecting habit started when he found a penny on the street decades ago. Since then, Anders had been piling up the pennies, refusing to spend them and always making sure that whenever he bought something, his change had three or four pennies in it. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. I would break a dollar before giving up a penny.. The 73-year-old had a family of his own. We value his business, as we do all of our customers, she said. He never knew just how much money he would make. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. You have to find 100 of them to get a dollar it is a lot of work. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. 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 ! 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. Hed been saving pennies he found on the street for 45 long years. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. These cookies ensure basic functionalities and security features of the website, anonymously. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. Believe me, if I had it my way, Id keep these pennies forever. It has long been said that time is the most valuable commodity. This cookie is set by GDPR Cookie Consent plugin. Asian-American Affairs Reporter, HuffPost. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. Otha Anders has collected over half a million pennies during the last 45 years. And as he got older his connection to god only felt stronger for it. 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. Anders loved his pennies, they were his prized collection. Your health is important to us. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. It all just started that one day when he found a penny in the street; he went on to collect more. He watched suspended kids and loved his job. "But if we can help Anders with his endeavors, we are happy to do so.". Employees gathered to see the first five-gallon container being counted. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. October 29, 2015 By Coin Update 13 Comments. 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. "I would break a dollar before I would spend a penny," he said. Which side of value did they fall under? Anders had put all the pennies he found into water jugs. 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. But if we can help Anders with his endeavors, we are happy to do so.. Otha Anders from Ruston, Louisiana, knows that by being patient and collecting over a long period of time, pennies can amount to a significant paydaythat is sure to surprise anyone. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. Nancy Bergeron/Ruston Daily Leader "I would never spend a penny," he told the Star. Anders worried they would turn him away. Employees gathered to see the first five-gallon container being counted. Guy Who Saved Pennies For 45 Years Just Cashed Out. This material may not be published, broadcast, rewritten, or redistributed. 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. 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. . 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. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. But collecting pennies was more than a hobby for Anders. 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. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. (Fox 14) A Louisiana man who collected pennies for almost half a . They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. Copyright 2012-2023 Social Sweethearts GmbH. "He did likewise with pennies for me." Seventy Five Gallons A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. Anders sheepishly laughed with her before pleading with her again. 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. '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. He took it as a sign to pray and give thanks. 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 wasnt even a little tempted to take the extra cash. 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. "He did likewise with pennies for me.". (Fox 14). 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. In the end, Anders was always fair about how he came across his pretty pennies. It was by far the most exciting thing that had happened at the bank in a while! 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! I know its a crazy amount but this is a dear collection of mine that I need to cash out. You've successfully subscribed to this newsletter! Anders had no idea how much money his collection would amount to. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. 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. You know you see pennies all over. But why? Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. But what about Anders coins? The News-Star reports that employees at Ruston . 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. 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 woman stared at him in disbelief. 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. The manager of Ed's. But his wife couldnt help but question one habit that he had had for the last 45 years. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. "We value his business, as we do all of our customers," she said. But if we can help Anders with his endeavors, we are happy to do so.. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! Then he took his jugs to a bank in Ruston, Louisiana to cash them in. RUSTON, La. "But if we can help Anders with his endeavors, we are happy to do so.". So he decided it was time to cash in. 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. 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. The coin reminded him to pray and give thanks. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. It has long been said that time is the most valuable commodity. We also use third-party cookies that help us analyze and understand how you use this website. "We value his business, as we do all of our customers," 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. NEW YORK DAILY . It squeaked and squawked as the wheels turned in pursuit. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. All rights reserved. Anders kept his pennies in five-gallon plastic jugs. And they werent the only establishment to do so. Author: Frededreia Willis. It was actually his religion that started the penny collecting. https://www.youtube.com/watch?v=Orav4IyjgtE. The same with coins that hold an error. 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. 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. 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.". Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. October 28, 2015 at 10:29 pm EDT. "I would never spend a penny," Anders said. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. Louisiana man cashes in penny collection to the tune of $5,000. 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! And as he got older his connection to god only felt stronger for it. How would they be able to count all these pennies? 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. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. But what was he going to do with his saved money? Legal Statement. They were much heavier than youd think, and not to mention, there were fifteen of them! Its shocking, for sure, he said. The coin reminded him to pray and give thanks. Legal Statement. Youtube / Kray K NewsAnders saved up an incredible $5,136.14 through collecting pennies for 45 years.For anyone who's trying to work it out, that's $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. The cookie is used to store the user consent for the cookies in the category "Performance". 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. 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. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. Updated: 8:46 AM EDT October 28, 2015 . Coins made of base metals, such as aluminum, have very little worth. By Christie. Photo credit: United News International / YouTube. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. 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. We value his business, as we do all of our customers, Cole said. 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. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. It was actually his religion that started the penny collecting. Penny collection to the bank in a fortune haul to the bank, tellers were staggered the... The manager walked out to see the first five-gallon container being counted it seems like Anders steady patience and well-wishing. Gdpr cookie consent plugin 15 minutes his religion that started the penny collecting passionate... Stopped spending pennies on Tuesday at Origin bank you could have amassed.! Prayer of thanks and they werent the only establishment to do with his endeavors, we are happy look. Amount he had collected around 31 pennies Reserved, man who collected pennies 45. 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