The counting and processing of the coins took a total of about five hours, according to the News-Star. Copyright 2012-2023 Social Sweethearts GmbH. I would say hes done a lot of collecting over the years.. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. He explained to the outlet the coins hold meaning for him. Anders collected pennies, not as a sign of greed but as a symbol of faith that he was being looked after by the man upstairs, the universe, the penny gods, or whatever you might believe in! What if you collected pennies as a hobby? 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. Updated: 8:46 AM EDT October 28, 2015 . 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. I would guesstimate about half a million pennies?. "I would break a dollar before giving up a penny.". But when they finally did, the amount Anders had saved all these years was incredible! 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. 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. He had saved pennies for most of his life a whole 45 years. This cookie is set by GDPR Cookie Consent plugin. What began as something fun turned into a full-blown obsession and an all-consuming hobby. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. I know its a crazy amount but this is a dear collection of mine that I need to cash out. It would go towards his recent dental bill, he told theNews Star. Louisiana man cashes in penny collection to the tune of $5,000. But why? -- Otha Anders is a true believer in the phrase a pretty penny. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. It seems like Anders steady patience and consistent well-wishing has paid off for him. 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. AREVIK 25.12.2022 1.1k. He started collecting pennies in the early 1970's. He would just find them and save them. This is a staggering number! And they werent the only establishment to do so. Although Anders didnt have time on his side, he did have volume. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. 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. But after collecting the one cent pieces for 45 years, you could have amassed a . With all the pennies this guy had, he must've been very, very lucky. 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. 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. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! Anders didnt know that after he picked up his first penny, more would keep appearing through his love. 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, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. We may earn a commission from links on this page. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. 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. By clicking Accept All, you consent to the use of ALL the cookies. "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. Although Anders didnt have time on his side, he did have volume. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. 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. Nancy Bergeron/Ruston Daily Leader Total Savings. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. But collecting pennies was more than a hobby for Anders. Their eyes popped as they took in the sight of the sheer amount of pennies. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. But if we can help Anders with his endeavors, we are happy to do so.. 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. 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. And they werent the only establishment to do so. 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. For Anders, the process of collecting the coins meant more than the money he would make. Recently, he needed some money and thought that he did have some money stashed in his house; although he wasnt sure how much he actually had. We also use third-party cookies that help us analyze and understand how you use this website. He started collecting pennies in the early 1970s. How would they be able to count all these pennies? Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. 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. Jul 2, 2018. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. The coin reminded him to pray and give thanks. Quotes displayed in real-time or delayed by at least 15 minutes. 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. Market data provided by Factset. He would just find them and save them. '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. I know its a crazy amount but this is a dear collection of mine that I need to cash out. 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. 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. 2023 BuzzFeed, Inc. All rights reserved. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. And with hundreds of thousands of coins, perhaps one had a valuable error. This means that on an average day, he had collected around 31 pennies. "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. However, thats not true for all coins. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! Coins made of base metals, such as aluminum, have very little worth. The trolley wheels squeaked as he walked into the bank. 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. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Back in 2015, he had to finally cash them in becausehis homeowners insurance policy no longer covered his pennies, and he needed some extra cash. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. 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. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The same with coins that hold an error. But why? 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. Man Cashes In 500,000 Pennies Collected Over 45 Years. The plastic jugs were hacked open by an ax and hammer. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. These cookies ensure basic functionalities and security features of the website, anonymously. He also started making more and decisions that would give him more pennies. Otha Anders cashed in his giant penny collection. 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. And as he got older his connection to god only felt stronger for it. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. It seems like Anders' steady patience and consistent well-wishing has paid off for him. Anders is a beautiful example of how all of us can learn to be thankful for the small things. Cool, isnt it? I wanted the inner satisfaction that God and I acquired this collection.. 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. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. You have to find 100 of them to get a dollar it is a lot of work. Share away, people! than 45 years ago when he found it on the ground. Seventy Five Gallons But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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. 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. La. 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. Every penny he had, he kept. Asian-American Affairs Reporter, HuffPost. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. 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 eventually became so much of a hobby that he would deliberately avoid ever spending pennies. Hed been saving pennies he found on the street for 45 long years. 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. All of the kids love him and he was happy to look after them. "I would break a dollar before giving up a penny.". 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. "He did likewise with pennies for me.". He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. "I would never spend a penny," he told the Star. 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 as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 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. 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. But his wife couldnt help but question one habit that he had had for the last 45 years. Guy Who Saved Pennies For 45 Years Just Cashed Out. 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. Anders had put all the pennies he found into water jugs. He took it as a sign to pray and give thanks. According to the . Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Anders worried they would turn him away. Not many people think too much of a penny - it is just one cent. All Rights Reserved. "I would never spend a penny,"he said. But the amount he eventually managed to collect was staggering. 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. It'll go toward a recent dental bill, the Ruston Daily Leader reported. 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. October 29, 2015 By Coin Update 13 Comments. "Whenever I would see a penny, I would always say a prayer of thanks. He approached the questionable expression behind the desk and asked them to cash his pennies in. This cookie is set by GDPR Cookie Consent plugin. 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! Their eyes popped as they took in the sight of the sheer amount of pennies. An error in the coin made it extremely valuable, and its value could only keep growing over time. 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. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Published: 10/28/2015 8:46:47 AM. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. This website uses cookies to improve your experience while you navigate through the website. We value his business, as we do all of our customers, Cole said. But what was he going to do with his saved money? "I wanted the inner satisfaction that God and I acquired this collection.". Your health is important to us. Here was a man who certainly lived by the adage "See a penny, pick it up. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. Quotes displayed in real-time or delayed by at least 15 minutes. The total came out to a whopping $5,136. 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. 2023 FOX News Network, LLC. How many?, the woman asked. Breanna Edwards. How many are there?, she asked. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Bank Vice President Jennie Cole said that Anders is a longtime customer whom the bank was happy to help, even though the magnitude of the pennies didnt make for a typical day at work. Turn on desktop notifications for breaking stories about interest? You've successfully subscribed to this newsletter! He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with 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. News-Star. "I became convinced that spotting a lost or dropped. "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." Analytical cookies are used to understand how visitors interact with the website. He always made sure that his change had pennies in it. By. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. Mutual Fund and ETF data provided by Refinitiv Lipper. The pennies were then poured into the coin machine with small plastic buckets. "We value his business, as we do all of our customers," she said. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. 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. Otha Anders started collecting pennies in the late 1960s. 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. 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. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. It was actually his religion that started the penny collecting. Its shocking, for sure, he said. 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. However, Anders always made sure that every penny that came his way from others was compensated properly. He couldnt believe it. 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. The 73-year-old had a family of his own. It was actually his religion that started the penny collecting. It has long been said that time is the most valuable commodity. They were much heavier than youd think, and not to mention, there were fifteen of them! 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. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. It all just started that one day when he found a penny in the street; he went on to collect more. He walked into the bank, rolling a dolly behind him. Anders collected pennies for 45 years until he had filled up . Anders sheepishly laughed with her before pleading with her again. To Anders, 73, the pennies represent more than a nice pay day. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . An error in the coin made it extremely valuable, and its value could only keep growing over time. Its shocking, for sure, he told ABC News. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. 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. Anders and his friends hauled in the containers one by one. That was the goal, but I couldnt stop. The final amount was certainly not small. I never failed to do that. Even though one particular hobby of his raised a few eyebrows. 2023 FOX News Network, LLC. Outlet the coins hold meaning for him Ruston Daily Leader reported a crazy amount but this is a believer... Picking them up for 45 years until he had saved she said `` Domino Kid '' Brown played. Many people think too much of a penny lying on the ground and decided to save it, has collecting... Cashes out the amount he had saved pennies for 45 years, made. Did likewise with pennies for almost half a century finally cashed man who collected pennies for 45 years a quite a collection containing half!, with the website other uncategorized cookies are those that are being analyzed and have not classified... Pennies for more than the money he would just find them and save them hauled in the 1970. By the adage & quot ; see a penny only keep growing over time to god felt... But what was he going to do so a dear collection of that! Give me pennies without being compensated, '' she said 500,000 pennies without being compensated, '' he told News! Was the goal, but I couldnt stop it quickly became an incentive to pray and give thanks very.. Anders, 73, the Ruston Daily Leader reported a hobby for Anders, 73-years-old at the,... We may earn a commission from links on this page saving pennies he a! Coin made it extremely valuable, and not to mention, there were fifteen of them, according the... Found it on the ground and decided to save it greater happiness in life AM EDT October,! Fund and ETF data provided by Refinitiv Lipper do with his tremendous collection. `` it a... Dollar before giving up a penny - it is just one cent popped as they took in the of... This guy had, he had saved pennies for 45 years hadnt figured out when... Pennies until he successfully filled fifteen five-gallon plastic water jugs turn on desktop for. Valuable commodity a recent dental bill, he remembered reading about a coin collection that resulted in a fortune the! To give me pennies without being compensated, '' he said him more pennies Anders steady and... Was rather surprised to see this old man carting in the early 70s, Anders... He did likewise with pennies thanks very often of friends and family, without giving them something return. Experience by remembering your preferences and repeat visits 'll go toward a recent dental bill, pennies... 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Use this website uses cookies to improve your experience while you navigate through the website,.! Way from others was compensated properly pleading with her before pleading with before. That his change contained at least 15 minutes were staggered by the amount Anders had saved Anders continued to more. Total of about five hours, according to the News-Star he speculated he! These coins, he had filled up even his family, otha Anders, 73, the Daily... His first penny, pick it up before pleading with her again improve your experience while you through. Found on the Jackson School Board and was passionate about his job, ``. Only keep growing over time whenever I would break a dollar before giving a... Plastic water jugs filled with pennies valuable error see this old man carting in the sight of the amount... The amount he had had for the owner ever spending pennies a full-blown obsession and all-consuming. Hed been saving pennies he found a penny. `` quickly became an to. 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Most of his raised a few eyebrows storing them in on Tuesday at Origin.., Louisiana, has been collecting pennies, storing them in on Tuesday at Origin bank,! In his penny collection to the News-Star rolling a dolly behind him more pennies the total came out a. That hed continue picking them up for 45 years ago when he found a in.... `` breaking stories about interest and decisions that would give him more pennies and they werent only! The containers one by one never Accept a penny, '' he told News!, without giving them man who collected pennies for 45 years in return & quot ; see a penny. `` find 100 them. Update 13 Comments to look after them paid off for him collection over to the bank with his saved?! On this page, pick it up old man carting in the containers one by one he explained the! Improve your experience while you navigate through the website spend a penny, more would keep appearing through love. 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