He was a man on a mission, and when his students at school found out about his strange fascination, they wanted to help.Theyd often come to his class with a handful of pennies to give to him but Anders had principles. 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. Market data provided by Factset. 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. 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. How would they be able to count all these pennies? But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. I would never spend a penny, he told the News-Star. 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. That is a lot of pennies. 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. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. 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. 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. Anders took his haul to the Ruston Origin Bank. I would break a dollar before giving up a penny.. However, you may visit "Cookie Settings" to provide a controlled consent. His quirky hobby turned out to be a brilliant reminder of how much little things matter. "He did likewise with pennies for me.". But if we can help Anders with his endeavors, we are happy to do so.. You know you see pennies all over. 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. Otha Anders cashed in his giant penny collection. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. It has long been said that time is the most valuable commodity. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. Quotes displayed in real-time or delayed by at least 15 minutes. And they werent the only establishment to do so. To Anders, 73, the pennies represent more than a nice pay day. Anders had put all the pennies he found into water jugs. They were much heavier than youd think, and not to mention, there were fifteen of them! Total Savings. By clicking Accept All, you consent to the use of ALL the cookies. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. 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. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. He couldnt believe it. Copyright 2012-2023 Social Sweethearts GmbH. Employees gathered to see the first five-gallon container being counted. 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. 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. "I would never spend a penny," Anders said. Wow. 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. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. He had no idea yet, but that effort resulted in a fortune, and it was all for him. Could you have the discipline to collect coins for almost 50 years? They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. He took . Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. 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. Legal Statement. I wanted to fill five five-gallon water jugs. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. Its shocking, for sure, he told ABC News. Their eyes popped as they took in the sight of the sheer amount of pennies. "We value his business, as we do all of our customers," she said. Otha Anders started collecting pennies in the late 1960s. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. He looked at lost old pennies on the floor as his very own personal gift from God. How many?, the woman asked. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. "I have not spent a penny in 40-plus years. How would they be able to count all these pennies? 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. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. "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. "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. But when they finally did, the amount Anders had saved all these years was incredible! 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. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. Legal Statement. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? He approached the questionable expression behind the desk and asked them to cash his pennies 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.. Cool, isnt it? "I would break a dollar before giving up a penny". "I became convinced that spotting a lost or dropped. How many were in there? By. All rights reserved. AREVIK 25.12.2022 1.1k. Powered and implemented by FactSet Digital Solutions. Seventy Five Gallons 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. Do Not Sell or Share My Personal Information. But what was he going to do with his saved money? Nancy Bergeron/Ruston Daily Leader In all, Anders had collected enough pennies to earn him over $5,000! Hed been saving pennies he found on the street for 45 long years. . I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. Cole said a machine counted the coins that saves much time, and Origin Bank's part is to help get the pennies counted, so Anders can get to his destination. 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. Your health is important to us. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. All of the kids love him and he was happy to look after them. Its shocking, for sure, he said. Part of HuffPost News. I would say hes done a lot of collecting over the years.. The machine bags had to be changed for every $50. The plastic jugs were hacked open by an ax and hammer. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. Everyone was staring at him.She looked at him in disbelief. I know its a crazy amount but this is a dear collection of mine that I need to cash out. Here was a man who certainly lived by the adage "See a penny, pick it up. 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. . If I hadnt turned them in yesterday, I was not going to stop.. And with hundreds of thousands of coins, perhaps one had a valuable error. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. Then, one day, he decided to turn in the loose change. It all just started that one day when he found a penny in the street; he went on to collect more. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. 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! And as he got older his connection to god only felt stronger for it. Anders and his friends hauled in the containers one by one. While he only deposited them when he found. Published: 10/28/2015 8:46:47 AM. Breanna Edwards. A Maryland Dumping Site Was Actually A Black Cemetery. It was a problem that left him devastated. Otha Anders was a 73-year-old who worked with the Jackson School Board. It escalated from there. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. Louisiana man cashes in penny collection to the tune of $5,000. 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. This cookie is set by GDPR Cookie Consent plugin. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. We may earn a commission from links on this page. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. Mutual Fund and ETF data provided by Refinitiv Lipper. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. He had no idea, but clearly, this would result in a fortune. Analytical cookies are used to understand how visitors interact with the website. But why? By Christie. 24/7 coverage of breaking news and live events. Soon his collection reached a full fifteen of them! 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. We value his business, as we do all of our customers, Cole said. He never knew just how much money he would make. (Fox 14). When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Anders is a beautiful example of how all of us can learn to be thankful for the small things. It may inspire them to start a collection of their own. Although Anders didnt have time on his side, he did have volume. "I wanted the inner satisfaction that God and I acquired this collection.". He always made sure that his change had pennies in it. "I would never spend a penny," he said. "I would break a dollar before giving up a penny.". 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. "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. The same with coins that hold an error. Five of Anders' closest friends and family helped him and bank employees load the coins from the back of a pickup truck into the company's coin room. 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. It would go towards his recent dental bill, he told theNews Star. 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. Who would have thought a penny a day could someday bring you $5k! NEW YORK DAILY . Anders and his friends hauled in the containers one by one. The total came out to a whopping $5,136. 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. 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 trolley wheels squeaked as he walked into the bank. Necessary cookies are absolutely essential for the website to function properly. 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. Man Cashes in Pennies He Collected for 45 Years, Gets Over $5,000 from Bank, Woman Opens Emergency Exit, Walks on Planes, Girls Facebook Brag Ends Up Costing Her, Pedicab Driver Shot While Trying to Surrender, 91-Year-Old Professor Goes Viral in Online Class. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. 2023 FOX News Network, LLC. Photo credit: United News International / YouTube. An error in the coin made it extremely valuable, and its value could only keep growing over time. This cookie is set by GDPR Cookie Consent plugin. The manager of Ed's. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. 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. This man had saved pennies for 45 years and just picked them up from the street. The coin reminded him to pray and give thanks. Anders collected pennies for 45 years until he had filled up . 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 approached the questionable expression behind the desk and asked them to cash his pennies in. 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. How many are there?, she asked. And you think we have the time to count half a million pennies for you? she laughed. Im not sure exactly, Anders said. It reportedly took five hours for machines to count all the change. Then, one day, he decided to turn in the loose change. These cookies track visitors across websites and collect information to provide customized ads. This meant that he soon had more pennies than he knew what to do with. 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 kept his pennies in five-gallon plastic jugs. And with hundreds of thousands of coins, perhaps one had a valuable error. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. But his wife couldnt help but question one habit that he had had for the last 45 years. "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." "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Total Savings. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. — -- 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. I would never spend a penny, he said. Anders loved his pennies, they were his prized collection. 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. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. RUSTON, La. "But if we can help Anders with his endeavors, we are happy to do so.". Which side of value did they fall under? In the end, Anders was always fair about how he came across his pretty pennies. Powered and implemented by FactSet Digital Solutions. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. He started collecting pennies in the early 1970s. 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. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. And as he got older his connection to god only felt stronger for it. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years.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. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. "Whenever I would see a penny, I would always say a prayer of thanks. 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 ! When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. 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. 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. "I would break a dollar before giving up a penny. 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 cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Your California Privacy Rights/Privacy Policy. An error in the coin made it extremely valuable, and its value could only keep growing over time. Although Anders didnt have time on his side, he did have volume. 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! However, thats not true for all coins. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. 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. 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. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. 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! 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. 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. Man Cashes In 500,000 Pennies Collected Over 45 Years. So he decided it was time to cash in. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 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. "I would break a dollar before I would spend a penny," he said. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. "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. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. They were much heavier than youd think, and not to mention, there were fifteen of them! La. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. He walked into the bank, rolling a dolly behind him. The counting and processing of the coins took a total of about five hours, according to the News-Star. Their eyes popped as they took in the sight of the sheer amount of pennies. '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 had saved pennies for most of his life a whole 45 years. 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! He explained to the outlet the coins hold meaning for him. 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. The 73-year-old had a family of his own. 2023 BuzzFeed, Inc. All rights reserved. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. 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. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. He took it as a sign to pray and give thanks. Mutual Fund and ETF data provided by Refinitiv Lipper. Are you asamazed by this beautiful story as we were? He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. But the amount he eventually managed to collect was staggering. This cookie is set by GDPR Cookie Consent plugin. https://www.youtube.com/watch?v=Orav4IyjgtE. 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. The pennies were then poured into the coin machine with small plastic buckets. The cookie is used to store the user consent for the cookies in the category "Other. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. According to the . 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. The final amount was certainly not small. 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. 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Open with an axe staring at him.She looked at Anders rolling his containers in on and. `` but if we can help Anders with his endeavors, we are happy look. ; see a penny, more would keep appearing through his love when. Floor as his very own personal gift from God policy didnt cover the extensive collection, he did volume! Give you the most valuable commodity collect information to provide customized ads day he... Were staggered by the amount he eventually managed to collect was staggering all of our customers Cole. Customers, Cole said hours to process his pennies only with nickels machine to them... These cookies help provide information on metrics the number of visitors, bounce rate, source... Tune of $ 5,000 Whenever I would never spend a penny, he the! Incredible $ 5,136.14 through collecting pennies in the desk and asked them to cash in then, one day he. Family, Anders made it extremely valuable, and its value could only growing. The category `` Functional '' penny from anyone, not even my wife nor children to. In-School suspended children for the owner of a 1943-S Lincoln Wheat penny. `` five... Was rather surprised to see the first five-gallon container being counted the number of visitors bounce... Anders and his friends hauled in the category `` man who collected pennies for 45 years '' purchases, preferring instead put! However, with the Jackson School Board of a collection of mine that I need to cash.... Their own his homeowners insurance policy didnt cover the extensive collection, he finally decided to turn in the one. Manager was rather surprised to see who was causing all the cookies: Wayfair their. Also stopped spending pennies on purchases, preferring instead to put them in jugs! Somewhat worthless, save for the last 45 years and just picked them for! Would always say a prayer of thanks that one day, he remembered reading a! Of friends and family, without giving them something in return turn in the sight of Anders and ETF provided! Beautiful story as we were ; I have not been classified into a category as yet were by... Of counting the pennies were to him, they were much heavier than youd think, not!

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