Man Cashes In 500,000 Pennies Collected Over 45 Years. Employees gathered to see the first five-gallon container being counted. And as he got older his connection to god only felt stronger for it. Anders' coin collecting habit started when he found a penny on the street decades ago. It was a problem that left him devastated. "He did likewise with pennies for me." It has long been said that time is the most valuable commodity. All Rights Reserved. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. 'Dream big', 'never give up'; Sen. 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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.. You've successfully subscribed to this newsletter! "But if we can help Anders with his endeavors, we are happy to do so.". But if we can help Anders with his endeavors, we are happy to do so.. He took . 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! He always made sure that his change had pennies in it. 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. But Edmond Knowles did. The same with coins that hold an error. It escalated from there. And with hundreds of thousands of coins, perhaps one had a valuable error. 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. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. "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. I know its a crazy amount but this is a dear collection of mine that I need to cash out. 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. You have to find 100 of them to get a dollar - it is a lot of work. I wanted to fill five five-gallon water jugs. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. Their eyes popped as they took in the sight of the sheer amount of pennies. 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. 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. It was actually his religion that started the penny collecting. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. An error in the coin made it extremely valuable, and its value could only keep growing over time. . But collecting pennies was more than a hobby for Anders. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. Total Savings. Necessary cookies are absolutely essential for the website to function properly. Otha Anders was a 73-year-old who worked with the Jackson School Board. This is a staggering number! These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Thats especially true when it comes to coins but only certain kinds of coins. 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. Quotes displayed in real-time or delayed by at least 15 minutes. 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. In all, Anders had collected enough pennies to earn him over $5,000! But now, he was about to find out. 24/7 coverage of breaking news and live events. And with hundreds of thousands of coins, perhaps one had a valuable error. 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. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. I never failed to do that. The coin reminded him to pray and give thanks. Everyone was staring at him.She looked at him in disbelief. 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. I wanted the inner satisfaction that God and I acquired this collection.. But when they finally did, the actual amount Anders had saved all these years was incredible! 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. 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. All rights reserved. Even though one particular hobby of his raised a few eyebrows. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. The woman gave Anders a long look before calling her manager. This meant that he soon had more pennies than he knew what to do with. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. This penny reminded him to give thanks for the small but wonderful things that happen in life. You have to find 100 of them to get a dollar it is a lot of work. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. How many?, the woman asked. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. But after collecting the one cent pieces for 45 years, you could have amassed a . 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. News-Star. The coin reminded him to pray and give thanks. 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. But the amount he eventually managed to collect was staggering. 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. A Maryland Dumping Site Was Actually A Black Cemetery. They remind him to stay thankful, he says. For Anders, the process of collecting the coins meant more than the money he would make. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. But what about Anders coins? "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." Your health is important to us. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. "We value his business, as we do all of our customers," she said. Anders is a beautiful example of how all of us can learn to be thankful for the small things. These cookies will be stored in your browser only with your consent. Are you asamazed by this beautiful story as we were? 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. "But if we can help Anders with his endeavors, we are happy to do so.". Powered and implemented by FactSet Digital Solutions. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. 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.". Disclaimer: All content is provided for fun and entertainment purposes only. Which side of value did they fall under? ", | Special to The (Monroe, La.) Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! RUSTON, La. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. It all just started that one day when he found a penny in the street; he went on to collect more. Im not sure exactly, Anders said. 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. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. Bank Vice President Jennie Cole told reporters that it was not a typical day at the bank when Anders rolled in with his collection of pennies on a dolly.Im not sure exactly, Anders said. Anders sheepishly laughed with her before pleading with her again. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. 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. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? It has long been said that time is the most valuable commodity. 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. He walked into the bank, rolling a dolly behind him. But what was he going to do with his saved money? "I wanted the inner satisfaction that God and I acquired this collection.". Photo credit: United News International / YouTube. Updated: 8:46 AM EDT October 28, 2015 . What began as something fun turned into a full-blown obsession and an all-consuming hobby. 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. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. Its shocking, for sure, he said. 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. 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. 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. 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. 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. 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. To Anders, 73, the pennies represent more than a nice pay day. -- 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. 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. 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. A Louisiana man finally decided to cash in hundreds of thousands of pennies that hed been saving for more than half his life, raking in more than $5,000 total, the News-Star reports. AREVIK 25.12.2022 1.1k. But now, he was about to find out. 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. Breanna Edwards. 2023 FOX News Network, LLC. Man saves coins for 45 years, cashes in over $5,000 in pennies. He explained to the outlet the coins hold meaning for him. Not many people think too much of a penny - it is just one cent. That is a lot 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. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. 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. 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. 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. Market data provided by Factset. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. "I would break a dollar before giving up a penny. And as he got older his connection to god only felt stronger for it. The woman stared at him in shock. 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. So, he paid them for pennies? 2023 FOX News Network, LLC. 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. It does not store any personal data. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. The woman behind the counter looked at him in disbelief. "We value his business, as we do all of our customers," he said. All of the kids love him and he was happy to look after them. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. By Christie. Which side of value did they fall under? By Laurie Hanna. Who would have thought a penny a day could someday bring you $5k! October 29, 2015 By Coin Update 13 Comments. This cookie is set by GDPR Cookie Consent plugin. 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. 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. This soon became an obsession until he started saving his own pennies for his hobby. "I would break a dollar before giving up a penny.". But he still had some cash left over which he put towards a family trip and church donations. This material may not be published, broadcast, rewritten, 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. (Fox 14). It seems that this small habit was a touching way for Anders to strengthen his relationship with God. 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 started collecting pennies in the early 1970s. Share away, people! 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. "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.". However, Anders always made sure that every penny that came his way from others was compensated properly. "I became convinced that. You know you see pennies all over. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. "I would break a dollar before giving up a penny.". 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. 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. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. 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. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. Youtube / Kray K News. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. 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. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. "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. Otha Anders started collecting pennies in the late 1960s. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. Guy Who Saved Pennies For 45 Years Just Cashed Out. An error in the coin made it extremely valuable, and its value could only keep growing over time. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. 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. 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. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? 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