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. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. Little did he know, just how many gifts he was going to receive. 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 trolley wheels squeaked as he walked into the bank. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. But when they finally did, the actual amount Anders had saved all these years was incredible! He always made sure that his change had pennies in it. It does not store any personal data. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. The extra bonus of income came just in time for him to pay a medical bill. This cookie is set by GDPR Cookie Consent plugin. Guy Who Saved Pennies For 45 Years Just Cashed Out. Jul 2, 2018. By Laurie Hanna. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. 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. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. I would say hes done a lot of collecting over the years.. He started collecting pennies in the early 1970s. Employees gathered to see the first five-gallon container being counted. 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. 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. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. Although Anders didnt have time on his side, he did have volume. The same with coins that hold an error. How many are there?, she asked. Legal Statement. All of the kids love him and he was happy to look after them. Otha Anders cashed in his giant penny collection. If I would see a penny when Im gassing up, on the ground, or in a store, it would be a reminder to stop right there and say a prayer, he said. The woman gave Anders a long look before calling her manager. Hed been saving pennies he found on the street for 45 long years. The final amount was certainly not small. 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. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? 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. "I would never spend a penny,"he 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. 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. The machine bags had to be changed for every $50. Total Savings. We value his business, as we do all of our customers, Cole said. Its shocking, for sure, he said. All Rights Reserved. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. October 29, 2015 By Coin Update 13 Comments. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. However, Anders always made sure that every penny that came his way from others was compensated properly. NEW YORK DAILY . Share away, people! The coin reminded him to pray and give thanks. 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. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. You have to find 100 of them to get a dollar - it is a lot of work. According to the . 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. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. Market data provided by Factset. This is a staggering number! And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. 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! "I would never spend a penny," Anders said. However, thats not true for all coins. Anders and his friends hauled in the containers one by one. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. "I wanted the inner satisfaction that God and I acquired this collection.". October 28, 2015 at 10:29 pm EDT. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. Their worth is even less still if the government issuing the coins no longer exists. How many?, the woman asked. To Anders, 73, the pennies represent more than a nice pay day. He approached the questionable expression behind the desk and asked them to cash his pennies in. If I hadnt turned them in yesterday, I was not going to stop.. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. 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. 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. 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. 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. 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. Everyone was staring at him.She looked at him in disbelief. Then, one day, he decided to turn in the loose change. than 45 years ago when he found it on the ground. Seventy Five Gallons 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 cookie is used to store the user consent for the cookies in the category "Other. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! 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. While he only deposited them when he found. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. "We value his business, as we do all of our customers," she said. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. Anders worried they would turn him away. La. 2023 FOX News Network, LLC. RUSTON, La. 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 manager of Ed's. Their eyes popped as they took in the sight of the sheer amount of pennies. 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. Wow. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? And as he got older his connection to god only felt stronger for it. The cookie is used to store the user consent for the cookies in the category "Performance". When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. In the end, Anders was always fair about how he came across his pretty pennies. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. 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. 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. Im not sure exactly, Anders said. 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 ! "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 his wife couldnt help but question one habit that he had had for the last 45 years. They were much heavier than youd think, and not to mention, there were fifteen of them! How long has Otha Anders been saving his pennies? This meant that he soon had more pennies than he knew what to do with. 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. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. That first penny, he told the Star, reminded him that life is a gift from God. He never knew just how much money he would make. 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. You know you see pennies all over. Anders' coin collecting habit started when he found a penny on the street decades ago. They were much heavier than youd think, and not to mention, there were fifteen of them! The 73-year-old has some modest plans to spend his money. Legal Statement. "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 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. I know its a crazy amount but this is a dear collection of mine that I need to cash 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. By clicking Accept All, you consent to the use of ALL the cookies. He watched suspended kids and loved his job. But now, he was about to find out. 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. 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. 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 as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. The plastic jugs were hacked open by an ax and hammer. 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. 2023 BuzzFeed, Inc. All rights reserved. Even though one particular hobby of his raised a few eyebrows. Man saves coins for 45 years, cashes in over $5,000 in pennies. "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." -- 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. "I would break a dollar before giving up a penny.". I would break a dollar before giving up a penny.. Man Cashes In 500,000 Pennies Collected Over 45 Years. All rights reserved. It took the bank over 5 hours to count the money and thats through a machine! Mutual Fund and ETF data provided by Refinitiv Lipper. 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. 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. Anders worried they would turn him away. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. This penny reminded him to give thanks for the small but wonderful things that happen in life. Powered and implemented by FactSet Digital Solutions. A Maryland Dumping Site Was Actually A Black Cemetery. 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. So he decided it was time to cash in. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated. And that he did, he paid them for the pennies they gave him. 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. 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. 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. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. It seems like Anders' steady patience and consistent well-wishing has paid off for him. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. Agreeto the Privacy Policy and Terms of Service Performance '' Anders says that he had... His pretty pennies the kids love him and he was about to find 100 of to! Lit up at the sight of Anders of praying on a penny otha... Long has otha Anders saved his first penny, otha Anders been saving pennies he found a!. 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