Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. I wanted to fill five five-gallon water jugs. 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. 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. I would say hes done a lot of collecting over the years.. According to the . Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. I never failed to do that. 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. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. Anders had put all the pennies he found into water jugs. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! Then, one day, he decided to turn in the loose change. 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! "He did likewise with pennies for me." Jul 2, 2018. -- 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. 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. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. Could you have the discipline to collect coins for almost 50 years? 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. It seems like Anders' steady patience and consistent well-wishing has paid off for him. How many are there?, she asked. Otha Anders cashed in his giant penny collection. "Whenever I would see a penny, I would always say a prayer of thanks. Thats especially true when it comes to coins but only certain kinds of coins. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. Man Cashes In 500,000 Pennies Collected Over 45 Years. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. 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. It escalated from there. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. The coin reminded him to pray and give thanks. 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. He started collecting pennies in the early 1970s. And with hundreds of thousands of coins, perhaps one had a valuable error. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. The 73-year-old has some modest plans to spend his money. 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. 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. 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. Seventy Five Gallons The machine bags had to be changed for every $50. It has long been said that time is the most valuable commodity. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. Otha Anders, 73, does. He would just find them and save them. Anders and his friends hauled in the containers one by one. Even though one particular hobby of his raised a few eyebrows. 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. Anders said he started collecting the coins in the late-1960s. Guess how many pennies were in his 15 5-gallon jugs. You know you see pennies all over. 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. This means that on an average day, he had collected around 31 pennies. "I would break a dollar before I would spend a penny," he said. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. Employees gathered to see the first five-gallon container being counted. 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. 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. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. How would they be able to count all these pennies? 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. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. Which side of value did they fall under? 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 always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. Everyone was staring at him.She looked at him in disbelief. 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. After over 5 hours of counting and processing pennies in a machine at the bank, Anders had a total of$5,136.14 worth of pennies. 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.". In all, Anders had collected enough pennies to earn him over $5,000! 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. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. 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. Louisiana man cashes in penny collection to the tune of $5,000. What began as something fun turned into a full-blown obsession and an all-consuming hobby. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. But he still had some cash left over which he put towards a family trip and church donations. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. But what was he going to do with his saved money? A Maryland Dumping Site Was Actually A Black Cemetery. 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. The plastic jugs were hacked open by an ax and hammer. "Anders will inform us on where he wants the cashed-in money to be placed," she said. 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. Anders and his friends hauled in the containers one by one. "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. This material may not be published, broadcast, rewritten, or redistributed. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. However, thats not true for all coins. The woman stared at him in disbelief. Necessary cookies are absolutely essential for the website to function properly. 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. 24/7 coverage of breaking news and live events. Anders' coin collecting habit started when he found a penny on the street decades ago. Updated: 8:46 AM EDT October 28, 2015 . How would they be able to count all these pennies? Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. It may inspire them to start a collection of their own. Legal Statement. 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. This penny reminded him to give thanks for the small but wonderful things that happen in life. "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.". Its shocking, for sure, he told ABC News. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Hed been saving pennies he found on the street for 45 long years. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. I would guesstimate about half a million pennies?. The final amount was certainly not small. It was a reminder to me to always be thankful," he added. 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. 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. "I became convinced that spotting a lost or dropped. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. 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 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! Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Legal Statement. "We value his business, as we do all of our customers," he said. "I would never spend a penny," Anders said. 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 was a problem that left him devastated. Otha Anders started collecting pennies in the late 1960s. Market data provided by Factset. All eyes were on the man pulling the trolley behind him. October 29, 2015 By Coin Update 13 Comments. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 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. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. 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. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. But after collecting the one cent pieces for 45 years, you could have amassed a . All rights reserved. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. 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. This cookie is set by GDPR Cookie Consent plugin. Mutual Fund and ETF data provided by Refinitiv Lipper. 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! Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? 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. 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 didnt know that after he picked up his first penny, more would keep appearing through his love. Disclaimer: All content is provided for fun and entertainment purposes only. 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. "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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The extra bonus of income came just in time for him to pay a medical bill.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! 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. 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. 2023 FOX News Network, LLC. He never knew just how much money he would make. Every penny he had, he kept. Powered and implemented by FactSet Digital Solutions. "We value his business, as we do all of our customers," she said. 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. Otha Anders saved his first penny more than 45 years ago when he found it 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. He watched over in-school suspended children and absolutely loved his job. It all just started that one day when he found a penny in the street; he went on to collect more. But Edmond Knowles did. These cookies will be stored in your browser only with your consent. You know you see pennies all over. 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 ! I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. It squeaked and squawked as the wheels turned in pursuit. 2023 BuzzFeed, Inc. All rights reserved. "But if we can help Anders with his endeavors, we are happy to do so.". The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. But now, he was about to find out. This material may not be published, broadcast, rewritten, or redistributed. He started collecting pennies in the early 1970's. He would just find them and save them. Anders kept his pennies in five-gallon plastic jugs. 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. Analytical cookies are used to understand how visitors interact with the website. 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. Your health is important to us. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. "He did likewise with pennies for me.". Are you asamazed by this beautiful story as we were? But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. 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. Fifteen five-gallon plastic water jugs and half a million pennies later, Anders on Tuesday deposited $5,136.14 into his account to go toward a recent dental bill. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. Otha Anders cashed in his giant penny collection. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". All of the kids love him and he was happy to look after them. Although Anders didnt have time on his side, he did have volume. By clicking Accept All, you consent to the use of ALL the cookies. 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 was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. Who would have thought a penny a day could someday bring you $5k! Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. Quotes displayed in real-time or delayed by at least 15 minutes. 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. Part of HuffPost News. That is a lot of pennies. It would go towards his recent dental bill, he told theNews Star. How many?, the woman asked. And with hundreds of thousands of coins, perhaps one had a valuable error. 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. That amount was deposited into his account Tuesday to go toward a recent dental bill. than 45 years ago when he found it on the ground. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. The News-Star reports that employees at Ruston . He always made sure that his change had pennies in it. I would guesstimate about 400-500,000 pennies?. Here was a man who certainly lived by the adage "See a penny, pick it up. Man cashes in pennies he's been saving for 45 years. But now, he was about to find out. But opting out of some of these cookies may affect your browsing experience. La. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. How would they be able to count all these pennies? NEW YORK DAILY . You have to find 100 of them to get a dollar - it is a lot of work. '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. 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. 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. "I wanted the inner satisfaction that God and I acquired this collection.". 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. But his wife couldnt help but question one habit that he had had for the last 45 years. But when they finally did, the actual amount Anders had saved all these years was incredible! He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. 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. "I would break a dollar before giving up a penny". or redistributed. And as he got older his connection to god only felt stronger for it. "I wanted the inner satisfaction that God and I acquired this collection.". We also use third-party cookies that help us analyze and understand how you use this website. 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. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me always to be thankful," Anders told the Star.From that moment on, Anders picked up every penny he spotted. 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. Anders is a beautiful example of how all of us can learn to be thankful for the small things. 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. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! But why? And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. October 28, 2015 at 10:29 pm EDT. Their eyes popped as they took in the sight of the sheer amount of pennies. Anders had no idea how much money his collection would amount to. Its shocking, for sure, he said. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. The extra bonus of income came just in time for him to pay a medical bill. Photo credit: United News International / YouTube. Cool, isnt it? 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 cookie is used to store the user consent for the cookies in the category "Analytics". "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. 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 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. The cookie is used to store the user consent for the cookies in the category "Performance". He took . 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! Not many people think too much of a penny it is just one cent. "I became convinced that. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. This is a staggering number! 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! So. `` for 45 years, its hard to acquire a collection of over 500,000 without... Penny more than 45 years, its hard to acquire a collection of their own Anders will us. Left over which he put towards a family trip and church donations decades... 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