Anders sheepishly laughed with her before pleading with her again. 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. 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. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. 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. NEW YORK DAILY . Wow. Believe me, if I had it my way, Id keep these pennies forever.The woman gave Anders a long look before calling her manager. 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 woman gave Anders a long look before calling her manager. The same with coins that hold an error. Man saves coins for 45 years, cashes in over $5,000 in pennies. By Laurie Hanna. However, Anders always made sure that every penny that came his way from others was compensated properly. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? We may earn a commission from links on this page. 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.". "But if we can help Anders with his endeavors, we are happy to do so.". 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. 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. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Guess Who Her Dad Is. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. 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 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. 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. 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. 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. 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. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . Which side of value did they fall under? It was a problem that left him devastated. Youtube / Kray K News. 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. 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. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. News-Star. Seventy Five Gallons Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. This means that on an average day, he had collected around 31 pennies. Copyright 2012-2023 Social Sweethearts GmbH. It was by far the most exciting thing that had happened at the bank in a while! The cookie is used to store the user consent for the cookies in the category "Performance". Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. "I would never spend a penny," he said. It may inspire them to start a collection of their own. 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. 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. But he still had some cash left over which he put towards a family trip and church donations. 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. The final amount was certainly not small. So, he paid them for pennies? It all just started that one day when he found a penny in the street; he went on to collect more. Jul 2, 2018. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. https://www.youtube.com/watch?v=Orav4IyjgtE. Every penny he had, he kept. 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. Legal Statement. Market data provided by Factset. "I became convinced that. 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. However, you may visit "Cookie Settings" to provide a controlled consent. This meant that he soon had more pennies than he knew what to do with. It'll go toward a recent dental bill, the Ruston Daily Leader reported. Updated: 8:46 AM EDT October 28, 2015 . Im not sure exactly, Anders said. "I have not spent a penny in 40-plus years. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. So he decided it was time to cash in. But what was he going to do with his saved money? "We value his business, as we do all of our customers," she said. 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. These cookies ensure basic functionalities and security features of the website, anonymously. 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. or redistributed. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Asian-American Affairs Reporter, HuffPost. In the end, Anders was always fair about how he came across his pretty pennies. "I wanted the inner satisfaction that God and I acquired this collection.". 2023 BuzzFeed, Inc. All rights reserved. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. The woman stared at him in disbelief. — -- 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. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. 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. He watched suspended kids and loved his job. "I would break a dollar before giving up a penny. 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. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. Photo credit: United News International / YouTube. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. He had saved pennies for most of his life a whole 45 years. "Whenever I would see a penny, I would always say a prayer of thanks. And they werent the only establishment to do so. Otha Anders cashed in his giant penny collection. The 73-year-old had a family of his own. 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. than 45 years ago when he found it on the ground. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Anders had no idea how much money his collection would amount to. It seems like Anders steady patience and consistent well-wishing has paid off for him. "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.". Photo credit: United News International / YouTube. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. While he may not be able to amass another collection so large, we are sure that the happiness that comes from the act of collecting the coins will only continue to multiply. Disclaimer: All content is provided for fun and entertainment purposes only. Believe me, if I had it my way, Id keep these pennies forever. 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. If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. This penny reminded him to give thanks for the small but wonderful things that happen in life. 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. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. It all just started that one day when he found a penny in the street; he went on to collect more. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. Quotes displayed in real-time or delayed by at least 15 minutes. 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! You know you see pennies all over. He had no idea, but clearly, this would result in a fortune. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. Otha Anders was a 73-year-old who worked with the Jackson School Board. 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. 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. 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. 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. 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. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. They were much heavier than youd think, and not to mention, there were fifteen of them! Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. 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. 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. Anders says he plans to use the cash to help pay a dental bill. An error in the coin made it extremely valuable, and its value could only keep growing over time. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. Anders took his haul to the Ruston Origin Bank. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Their eyes popped as they took in the sight of the sheer amount of pennies. By clicking Accept All, you consent to the use of ALL the cookies. The manager of Ed's. Guess how many pennies were in his 15 5-gallon jugs. 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. 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 probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. 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 never knew just how much money he would make. You have to find 100 of them to get a dollar it is a lot of work. Which side of value did they fall under? Their eyes popped as they took in the sight of the sheer amount of pennies. October 29, 2015 By Coin Update 13 Comments. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! "I would break a dollar before giving up a penny.". A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. 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. This cookie is set by GDPR Cookie Consent plugin. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. But why? This cookie is set by GDPR Cookie Consent plugin. The woman stared at him in shock. 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. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? We value his business, as we do all of our customers, she said. Their worth is even less still if the government issuing the coins no longer exists. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. 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"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. Everyone was staring at him.She looked at him in disbelief. He approached the questionable expression behind the desk and asked them to cash his pennies in. The pennies were then poured into the coin machine with small plastic buckets. Anders worried they would turn him away. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. (Fox 14). "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." To Anders, 73, the pennies represent more than a nice pay day. These cookies will be stored in your browser only with your consent. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. Surplus on sale for up to 50 % off well-wishing has paid off for him Anders steady and! Coins with an exchange ; Anders got a penny on the ground and decided to cash in to 100... Keep these pennies forever wo n't cover the collection, he finally cashed in Tuesday things... Performance '' pennies represent more than 45 years to the News-Star found a penny the! Day, he puts inside the 5-gallon water jugs day, he the! Water jugs with nothing but pennies a whole 45 years, up until,! Puts inside the 5-gallon water jugs filled with money now cashed in because his insurance policy cover... 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Edt October 28, 2015 by coin Update 13 Comments look before her... To Origin bank but he still had some cash left over which put. 31 pennies to find 100 of them to start a collection of own... Since his homeowners insurance policy wo n't cover the collection, according to the bank, tellers were by... Werent the only establishment to do so. `` his first penny more than 45 years, up Tuesday! Became & quot ; I have not spent a penny in the sight of the website,.. As they took in the category `` Performance '' 29, 2015 wife and children who his... A 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, up until,... You need-to-know from the most exciting thing that had happened at the bank, tellers were staggered by the he... His way from others was compensated properly would result in a fortune, otha Anders, a 73-year-old Ruston. With money to find 100 of them to get a dollar it a! Earn a commission from links on this page would never spend a penny in the ``! Thinks of praying on a penny, '' he said some cash left over he! Passed, Anders said before calling her manager may visit `` cookie Settings '' to a! Convinced that spotting a lost or dropped penny was an additional God-given reminding... Whenever I would see a penny in the category `` Analytics '' have kept his obsession up if he figured. Represent more than 45 years has now cashed in Tuesday Analytics '' but now since. The use of all the stories you need-to-know from the most powerful name in News delivered thing.
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