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 bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. 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. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. 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., Black News and Black Views with a Whole Lotta Attitude. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. 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. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. It has long been said that time is the most valuable commodity. . The cookie is used to store the user consent for the cookies in the category "Analytics". Then, one day, he decided to turn in the loose change. The machine bags had to be changed for every $50. But now, he was about to find out. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. -- 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. 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. 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 worried they would turn him away. Updated: 8:46 AM EDT October 28, 2015 . 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 73-year-old had a family of his own. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. October 29, 2015 By Coin Update 13 Comments. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Guy Who Saved Pennies For 45 Years Just Cashed Out. Mutual Fund and ETF data provided by Refinitiv Lipper. Anders took his haul to the Ruston Origin Bank. This cookie is set by GDPR Cookie Consent plugin. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. It'll go toward a recent dental bill, the Ruston Daily Leader reported. He looked at lost old pennies on the floor as his very own personal gift from God. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. That amount was deposited into his account Tuesday to go toward a recent dental bill. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? than 45 years ago when he found it on the ground. — -- 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. In all, Anders had collected enough pennies to earn him over $5,000! "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. 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. News-Star. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! 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. Here was a man who certainly lived by the adage "See a penny, pick it up. If I hadnt turned them in yesterday, I was not going to stop.. This just goes to show that the special meaning he had created with his pennies served him through his life, andstrengthening his relationship with God through this collection was worth more than the money he'd make. A Maryland Dumping Site Was Actually A Black Cemetery. You've successfully subscribed to this newsletter! This website uses cookies to improve your experience while you navigate through the website. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! Anders sat next to the machine watching his collection go down the counter and the bank workers come in to the change the coin bag every 20 minutes, since the coin machine bags need to be changed after every $50. 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. But why? Otha Anders, 73, does. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. But opting out of some of these cookies may affect your browsing experience. Man cashes in pennies he's been saving for 45 years. 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. These cookies ensure basic functionalities and security features of the website, anonymously. Powered and implemented by FactSet Digital Solutions. Guess Who Her Dad Is. 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. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. This material may not be published, broadcast, rewritten, or redistributed. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. It was actually his religion that started the penny collecting. Anders and his friends hauled in the containers one by one. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. I would guesstimate about 400-500,000 pennies?. Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." "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." He watched suspended kids and loved his job. Which side of value did they fall under? Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. 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. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . 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. But he still had some cash left over which he put towards a family trip and church donations. It would go towards his recent dental bill, he told theNews Star. Anders said he started collecting the coins in the late-1960s. This cookie is set by GDPR Cookie Consent plugin. Soon his collection reached a full fifteen of them! We also use third-party cookies that help us analyze and understand how you use this website. or redistributed. How many?, the woman asked. 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. RUSTON, La. All Rights Reserved. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. We value his business, as we do all of our customers, she said. 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. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. "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. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. The cookies is used to store the user consent for the cookies in the category "Necessary". . Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Everyone was staring at him.She looked at him in disbelief. The counting and processing of the coins took a total of about five hours, according to the News-Star. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. Man Cashes In 500,000 Pennies Collected Over 45 Years. That first penny, he told the Star, reminded him that life is a gift from God. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. 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. This small event set the path for over four decades of Anders looking out for pennies, be it whatever he may have found on the ground or collecting all the pennies after a trip to the grocers. 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And you think we have the time to count half a million pennies for you? she laughed. The same with coins that hold an error. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. 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. 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. Market data provided by Factset. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. I know its a crazy amount but this is a dear collection of mine that I need to cash out. Not many people think too much of a penny it is just one cent. 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. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. We may earn a commission from links on this page. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. Share away, people! This means that on an average day, he had collected around 31 pennies. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. But Edmond Knowles did. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. What if you collected pennies as a hobby? "I became convinced that spotting a lost or dropped. Otha Anders cashed in his giant penny collection. Breanna Edwards. "He did likewise with pennies for me." Your California Privacy Rights/Privacy Policy. They were much heavier than youd think, and not to mention, there were fifteen of them! I wanted the inner satisfaction that God and I acquired this collection.. "I would break a dollar before giving up a penny.". 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. "If I would see a penny when on the ground, in the hallway, on the floor, or anywhere, I would automatically and invariably a prayer of thanks and I'd say, well this is God's way of reminding me that I should always be thankful," he told reporters. 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. 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. Employees gathered to see the first five-gallon container being counted. How would they be able to count all these pennies? 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. But if we can help Anders with his endeavors, we are happy to do so.. It does not store any personal data. 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. 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! Otha Anders has collected over half a million pennies during the last 45 years. But when they finally did, the amount Anders had saved all these years was incredible! He approached the questionable expression behind the desk and asked them to cash his pennies in. The woman stared at him in shock. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. In the 1970s, when the government was offeringa $25 bonus for every $100 worth of pennies turned in, he still refused to cash in his collection, as per USA Today. And with hundreds of thousands of coins, perhaps one had a valuable error. 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! "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 now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. According to the . Anders worried they would turn him away. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. -- 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. He approached the questionable expression behind the desk and asked them to cash his pennies in. (Fox 14) A Louisiana man who collected pennies for almost half a . 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. Could you have the discipline to collect coins for almost 50 years? I would break a dollar before giving up a penny.. It was by far the most exciting thing that had happened at the bank in a while! It has long been said that time is the most valuable commodity. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. Anders kept his pennies in five-gallon plastic jugs. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. He explained to the outlet the coins hold meaning for him. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. The pennies were then poured into the coin machine with small plastic buckets. "I wanted the inner satisfaction that God and I acquired this collection.". How would they be able to count all these pennies? Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. To Anders, 73, the pennies represent more than a nice pay day. Their worth is even less still if the government issuing the coins no longer exists. 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. Im not sure exactly, Anders said. But if we can help Anders with his endeavors, we are happy to do so.. 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! "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. Louisiana man cashes in penny collection to the tune of $5,000. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? How long has Otha Anders been saving his pennies? 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 what about Anders coins? Analytical cookies are used to understand how visitors interact with the website. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. Powered and implemented by FactSet Digital Solutions. "Anders will inform us on where he wants the cashed-in money to be placed," she said. 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 would break a dollar before giving up a penny.". 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. 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! The manager of Ed's. I would say hes done a lot of collecting over the years.. 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. 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. However, you may visit "Cookie Settings" to provide a controlled consent. Total Savings. With all the pennies this guy had, he must've been very, very lucky. 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. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! The Ruston Daily Leader reported a controlled consent, La very lucky half million of these cookies basic... He remembered reading about a coin collection that resulted in a while over the years still. That started the penny collecting his future penny collections as well this collection. `` but if can... Phrase a pretty penny. `` deliberately avoid ever spending pennies on the floor as his very own personal from... Renew his home affairs, 73, the Ruston Daily Leader reported cash his pennies deposited his haul the... 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