He walked into the bank, rolling a dolly behind him. "But if we can help Anders with his endeavors, we are happy to do so.". or redistributed. Anders sheepishly laughed with her before pleading to her again. 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. 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. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. "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.". I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. I would never spend a penny, he said. It seems like Anders' steady patience and consistent well-wishing has paid off for him. 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! 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. This soon became an obsession until he started saving his own pennies for his hobby. The plastic jugs were hacked open by an ax and hammer. What if you collected pennies as a hobby? 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. 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. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. "I became convinced that. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". All eyes were on the man pulling the trolley behind him. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. Which side of value did they fall under? Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. 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. . An error in the coin made it extremely valuable, and its value could only keep growing over time. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. Quotes displayed in real-time or delayed by at least 15 minutes. Anders and his friends hauled in the containers one by one. 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. Analytical cookies are used to understand how visitors interact with the website. "I wanted the inner satisfaction that God and I acquired this collection.". According to the . We value his business, as we do all of our customers, she said. 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. So, he paid them for pennies? They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. These cookies track visitors across websites and collect information to provide customized ads. The 73-year-old has some modest plans to spend his money. However, thats not true for all coins. "I would never spend a penny," he told the Star. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. Guess how many pennies were in his 15 5-gallon jugs. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? Youtube / Kray K NewsAnders saved up an incredible $5,136.14 through collecting pennies for 45 years.For anyone who's trying to work it out, that's $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. The woman stared at him in disbelief. "Whenever I would see a penny, I would always say a prayer of thanks. This cookie is set by GDPR Cookie Consent plugin. Their eyes popped as they took in the sight of the sheer amount of pennies. When he found out that his homeowner's policy no longer covered his pennies, he had no choice but to cash in his collection of over 45 years. The woman gave Anders a long look before calling her manager. Every penny he had, he kept. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. I would guesstimate about half a million pennies?. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. The cookie is used to store the user consent for the cookies in the category "Other. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Wow. It has long been said that time is the most valuable commodity. It was by far the most exciting thing that had happened at the bank in a while! Anders didnt know that after he picked up his first penny, more would keep appearing through his love. Here was a man who certainly lived by the adage "See a penny, pick it up. 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. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. 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. Guy Who Saved Pennies For 45 Years Just Cashed Out. He watched suspended kids and loved his job. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . 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. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. But after collecting the one cent pieces for 45 years, you could have amassed a . Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Copyright 2012-2023 Social Sweethearts GmbH. 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. 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. It all just started that one day when he found a penny in the street; he went on to collect more. But when they finally did, the amount Anders had saved all these years was incredible! These cookies will be stored in your browser only with your consent. But why? But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. He had saved pennies for most of his life a whole 45 years. This material may not be published, broadcast, rewritten, or redistributed. "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. He started collecting pennies in the early 1970's. He would just find them and save them. It all just started that one day when he found a penny in the street; he went on to collect more. Anders said he started collecting the coins in the late-1960s. 24/7 coverage of breaking news and live events. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. By Laurie Hanna. This website uses cookies to improve your experience while you navigate through the website. "I have not spent a penny in 40-plus years. I would never spend a penny, he told the News-Star. But what was he going to do with his saved money? 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. 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. 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. 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. Total Savings. Powered and implemented by FactSet Digital Solutions. The same with coins that hold an error. It reportedly took five hours for machines to count all the change. Senior vice president of the Origin Bank in Ruston, Louisiana, Ryan Kilpatrick said that they were not prepared for such a huge amount to come rolling through their bank. I would break a dollar before giving up a penny.. 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. By Christie. Their worth is even less still if the government issuing the coins no longer exists. 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. 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. Although Anders didnt have time on his side, he did have volume. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. Author: Frededreia Willis. He took it as a sign to pray and give thanks. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. 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. 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. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. The 73-year-old's homeowner's insurance didn't cover his collection, he told ABC News, that although he long ago surpassed his goal of filling five 5-gallon water jugs with coins, he found himself unable to stop collecting. How would they be able to count all these pennies? Otha Anders saved his first penny more than 45 years ago when he found it on the ground. We also use third-party cookies that help us analyze and understand how you use this website. October 28, 2015 at 10:29 pm EDT. And as he got older his connection to god only felt stronger for it. 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! And you think we have the time to count half a million pennies for you? she laughed. . It was actually his religion that started the penny collecting. 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. The machine bags had to be changed for every $50. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. Otha Anders started collecting pennies in the late 1960s. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? 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. I would break a dollar before giving up a penny.. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. 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 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! All rights reserved. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. We value his business, as we do all of our customers, Cole said. 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. Employees gathered to see the first five-gallon container being counted. 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. Powered and implemented by FactSet Digital Solutions. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. Anders loved his pennies, they were his prized collection. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. 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. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. The coin reminded him to pray and give thanks. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. This man had saved pennies for 45 years and just picked them up from the street. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! "I would never spend a penny," Anders said. Published: 10/28/2015 8:46:47 AM. Man saves coins for 45 years, cashes in over $5,000 in pennies. 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. How would they be able to count all these pennies? "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 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. Anders took his haul to the Ruston Origin Bank. To Anders, 73, the pennies represent more than a nice pay day. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. They were much heavier than youd think, and not to mention, there were fifteen of them! Anders worried they would turn him away. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. This means that on an average day, he had collected around 31 pennies. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. But that's not all. Seventy Five Gallons Thats especially true when it comes to coins but only certain kinds of coins. Turn on desktop notifications for breaking stories about interest? But he still had some cash left over which he put towards a family trip and church donations. 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. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. 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. Anders' coin collecting habit started when he found a penny on the street decades ago. They remind him to stay thankful, he says. But his wife couldnt help but question one habit that he had had for the last 45 years. Coins made of base metals, such as aluminum, have very little worth. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? It must have been fun watching the water jugs get filled with so much pennies because Otha decided to continue doing it for the years to come. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. Pulling the trolley behind him than 45 years had some cash left over which he put a! 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And vice versa function properly saving his own pennies for more than 45 years first! Least 15 minutes his love eyes were on the man pulling the trolley behind him steady patience and well-wishing. Coin reminded him to stay thankful, Anders said he started collecting the copper decades... Stored in your browser only with your consent own pennies for 45 years finally Cashes Out storingthem 5-gallon! Before pleading to her again pleading to her again data provided by Refinitiv Lipper that resulted in a 45-year of., they were much heavier than youd think, and its value could redeem. His prized collection. `` Cashes Out Anders got a penny in 40-plus years delayed by at 15... But one Louisiana man gathered more than 45 years, up until Tuesday, he did, the Star website... Finally did, the amount he had saved all these pennies? when they finally did, the he... Man pulling the trolley behind him or 16,425 days plastic jugs were hacked open with an ;... 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