Guy Who Saved Pennies For 45 Years Just Cashed Out. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. 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. Everyone was staring at him.She looked at him in disbelief. 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. It may inspire them to start a collection of their own. "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.". By Laurie Hanna. Although Anders didnt have time on his side, he did have volume. 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. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. 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 took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. "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. 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. "I have not spent a penny in 40-plus years. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? Coins made of base metals, such as aluminum, have very little worth. 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. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. I would never spend a penny, he said. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. "Whenever I would see a penny, I would always say a prayer of 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 worried they would turn him away. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. Anders sheepishly laughed with her before pleading to her again. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. "But if we can help Anders with his endeavors, we are happy to do so.". (Fox 14) A Louisiana man who collected pennies for almost half a . But opting out of some of these cookies may affect your browsing experience. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. It all just started that one day when he found a penny in the street; he went on to collect more. 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. Guess Who Her Dad Is. You also have the option to opt-out of these cookies. 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. How long has Otha Anders been saving his pennies? "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. It does not store any personal data. Updated: 8:46 AM EDT October 28, 2015 . What if you collected pennies as a hobby? "But if we can help Anders with his endeavors, we are happy to do so.". He explained, I wanted the inner satisfaction that God and I acquired this collection., If I was at someones house and I found a penny, I would pick it up and I would keep it, I will always tell the person that if it was a quarter, I would give it back, but since it is a penny, Im keeping it. Although Anders 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! '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. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. And you think we have the time to count half a million pennies for you? she laughed. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. 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. The counting and processing of the coins took a total of about five hours, according to the News-Star. 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 . Who would have thought a penny a day could someday bring you $5k! "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. Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." You know you see pennies all over. Seventy Five Gallons 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! We also use third-party cookies that help us analyze and understand how you use this website. "I would break a dollar before I would spend a penny," he said. Are you asamazed by this beautiful story as we were? "We value his business, as we do all of our customers," she said. This means that on an average day, he had collected around 31 pennies. That was the goal, but I couldnt stop. 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. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. Otha Anders cashed in his giant penny collection. But that's not all. It took the bank over 5 hours to count the money and thats through a machine! He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. "I became convinced that. Powered and implemented by FactSet Digital Solutions. 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. 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. 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 cookie is set by GDPR Cookie Consent plugin. "I would never spend a penny," he said. "I wanted the inner satisfaction that God and I acquired this collection.". Wow. According to the . They remind him to stay thankful, he says. 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. But why? Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Anders kept his pennies in five-gallon plastic jugs. How would they be able to count all these pennies? And with hundreds of thousands of coins, perhaps one had a valuable error. Then, one day, he decided to turn in the loose change. 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 cashed in the coins to the Ruston Origin Bank, in Ruston, La. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. 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. Man saves coins for 45 years, cashes in over $5,000 in pennies. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. The cookie is used to store the user consent for the cookies in the category "Other. It all just started that one day when he found a penny in the street; he went on to collect more. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? AREVIK 25.12.2022 1.1k. 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. It escalated from there. Asian-American Affairs Reporter, HuffPost. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. "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." 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. But what was he going to do with his saved money? He couldnt believe it. And they werent the only establishment to do so. 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. Not many people think too much of a penny - it is just one cent. 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. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. The cookie is used to store the user consent for the cookies in the category "Analytics". Their worth is even less still if the government issuing the coins no longer exists. 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. It would go towards his recent dental bill, he told theNews Star. Breanna Edwards. By. Otha Anders cashed in his giant penny collection. But his wife couldnt help but question one habit that he had had for the last 45 years. I would break a dollar before giving up a penny.. Anders sheepishly laughed with her before pleading with her again. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. 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. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. 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.". An error in the coin made it extremely valuable, and its value could only keep growing over time. But the amount he eventually managed to collect was staggering. Which side of value did they fall under? By clicking Accept All, you consent to the use of ALL the cookies. We value his business, as we do all of our customers, Cole said. 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. 2023 FOX News Network, LLC. That is a lot of pennies. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. 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. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. "We value his business, as we do all of our customers," she said. This cookie is set by GDPR Cookie Consent plugin. With all the pennies this guy had, he must've been very, very lucky. But what about Anders coins? And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. The extra bonus of income came just in time for him to pay a medical bill. . 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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 know its a crazy amount but this is a dear collection of mine that I need to cash out. 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 looked at lost old pennies on the floor as his very own personal gift from God. "I would break a dollar before giving up a penny.". (Fox 14). I never failed to do that. "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. 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. The 73-year-old had a family of his own. Louisiana man cashes in penny collection to the tune of $5,000. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. 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 collected pennies for 45 years until he had filled up . 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. Anders said, I would never spend a penny, I would break a dollar before giving up a penny. When the children he looked after figured out how important pennies were to him, they wanted to contribute. He approached the questionable expression behind the desk and asked them to cash his pennies in. The plastic jugs were hacked open by an ax and hammer. It was by far the most exciting thing that had happened at the bank in a while! NEW YORK DAILY . The final amount was certainly not small. He watched suspended kids and loved his job. Otha Anders, 73, does. Mutual Fund and ETF data provided by Refinitiv Lipper. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. 24/7 coverage of breaking news and live events. He always made sure that his change had pennies in 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. This man had saved pennies for 45 years and just picked them up from the street. I wanted the inner satisfaction that God and I acquired this collection.. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. They were much heavier than youd think, and not to mention, there were fifteen of them! Their eyes popped as they took in the sight of the sheer amount of pennies. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! It seems like Anders' steady patience and consistent well-wishing has paid off for him. . 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. 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. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. All eyes were on the man pulling the trolley behind him. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. "I would break a dollar before giving up a penny.". Your health is important to us. 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.Im not sure exactly, Anders said. Anders took his haul to the Ruston Origin Bank. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. He speculated man who collected pennies for 45 years he had saved pennies for 45 years until he successfully filled fifteen plastic... Friends and family, Anders had been collecting pennies, storing them in on dollys and at! We value his business, as we do all of our customers, Cole said fifteen... ' steady patience and consistent well-wishing has paid off for him five hours, according the... 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