man who collected pennies for 45 years

It'll go toward a recent dental bill, the Ruston Daily Leader reported. That first penny, he told the Star, reminded him that life is a gift from God. "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. This cookie is set by GDPR Cookie Consent plugin. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. But if we can help Anders with his endeavors, we are happy to do so.. 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. 2023 BuzzFeed, Inc. All rights reserved. "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. 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. He took . "We value his business, as we do all of our customers," she said. We value his business, as we do all of our customers, she said. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. Even though one particular hobby of his raised a few eyebrows. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. 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. Legal Statement. 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 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. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. Thats especially true when it comes to coins - but - only certain kinds of coins. Jul 2, 2018. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. All eyes were on the man pulling the trolley behind him. 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. Their worth is even less still if the government issuing the coins no longer exists.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." Market data provided by Factset. Your health is important to us. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. I would say hes done a lot of collecting over the years.. This man had saved pennies for 45 years and just picked them up from the street. Although Anders didnt have time on his side, he did have volume. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? . How would they be able to count all these pennies? Nancy Bergeron/Ruston Daily Leader By clicking Accept All, you consent to the use of ALL the cookies. But opting out of some of these cookies may affect your browsing experience. It seems like Anders steady patience and consistent well-wishing has paid off for him. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. The woman stared at him in shock. And they werent the only establishment to do so. Anders and his friends hauled in the containers one by one. 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. You have to find 100 of them to get a dollar - it is a lot of work. He had always been a religious man and his faith had grown stronger as the years passed.His faith was how his penny obsession all started. He watched over in-school suspended children and absolutely loved his job. Anders had put all the pennies he found into water jugs. The woman stared at him in disbelief. But he still had some cash left over which he put towards a family trip and church donations. We may earn a commission from links on this page. "But if we can help Anders with his endeavors, we are happy to do so.". For Anders, the process of collecting the coins meant more than the money he would make. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. The extra bonus of income came just in time for him to pay a medical bill. October 28, 2015 at 10:29 pm EDT. 2023 FOX News Network, LLC. 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. Everyone was staring at him.She looked at him in disbelief. It has long been said that time is the most valuable commodity. The pennies were then poured into the coin machine with small plastic buckets. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. Market data provided by Factset. However, thats not true for all coins. 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. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. Who would have thought a penny a day could someday bring you $5k! But now, he was about to find out. To Anders, 73, the pennies represent more than a nice pay day. 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. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. He took it as a sign to pray and give thanks. I never failed to do that. 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. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." 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. But why? 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. 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. Anders had no idea how much money his collection would amount to. 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. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. How many?, the woman asked. Here was a man who certainly lived by the adage "See a penny, pick it up. He always made sure that his change had pennies in it. 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. He started collecting pennies in the early 1970's. He would just find them and save them. "I would break a dollar before giving up a penny.". (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. Who would have thought a penny a day could someday bring you $5k! 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. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Photo credit: United News International / YouTube. The 73-year-old had a family of his own. All Rights Reserved. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. This cookie is set by GDPR Cookie Consent plugin. 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. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. Published: 10/28/2015 8:46:47 AM. 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. 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 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. 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. 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. In the end, Anders was always fair about how he came across his pretty pennies. The plastic jugs were hacked open by an ax and hammer. Quotes displayed in real-time or delayed by at least 15 minutes. News-Star. 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. Turn on desktop notifications for breaking stories about interest? "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. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, the 73-year-old told the news site. If I hadnt turned them in yesterday, I was not going to stop.. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," 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. The final amount was certainly not small. 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. '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. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. 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. 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. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. 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. "I would break a dollar before I would spend a penny," he said. The cookie is used to store the user consent for the cookies in the category "Performance". And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. It all just started that one day when he found a penny in the street; he went on to collect more. He explained to the outlet the coins hold meaning for him. How many?, the woman asked. And as he got older his connection to god only felt stronger for it. Photo credit: United News International / YouTube. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. But the amount he eventually managed to collect was staggering. Not many people think too much of a penny it is just one cent. He would just find them and save them. Man Cashes In 500,000 Pennies Collected Over 45 Years. 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. Change for the better: Man cashes in 45-year penny collection worth $5,000. 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. 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. The coin reminded him to pray and give thanks. "But if we can help Anders with his endeavors, we are happy to do so.". 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. They were much heavier than youd think, and not to mention, there were fifteen of them! He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. The cookies is used to store the user consent for the cookies in the category "Necessary". 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. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. But his wife couldnt help but question one habit that he had had for the last 45 years. Author: Frededreia Willis. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . This material may not be published, broadcast, rewritten, or redistributed. I would never spend a penny, he told the News-Star. 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. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. Seventy Five Gallons Updated: 8:46 AM EDT October 28, 2015 . 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. 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. "I became convinced that. Its shocking, for sure, he said. You have to find 100 of them to get a dollar it is a lot of work. 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. "I wanted the inner satisfaction that God and I acquired this collection.". Coins made of base metals, such as aluminum, have very little worth. Then, one day, he decided to turn in the loose change. Not many people think too much of a penny - it is just one cent. "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.". RUSTON, La. 2023 FOX News Network, LLC. Anders sheepishly laughed with her before pleading to her again. It reportedly took five hours for machines to count all the change. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. It squeaked and squawked as the wheels turned in pursuit. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. Are you asamazed by this beautiful story as we were? This means that on an average day, he had collected around 31 pennies. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. 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. It all just started that one day when he found a penny in the street; he went on to collect more. (Fox 14). Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. "I wanted the inner satisfaction that God and I acquired this collection.". Breanna Edwards. He approached the questionable expression behind the desk and asked them to cash his pennies in. 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. 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. 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. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. Anders loved his pennies, they were his prized collection. How long has Otha Anders been saving his pennies? Copyright 2012-2023 Social Sweethearts GmbH. We also use third-party cookies that help us analyze and understand how you use this website. 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! 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. 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. 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. Its shocking, for sure, he told ABC News. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. While he only deposited them when he found. 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' 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. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. It was actually his religion that started the penny collecting. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. 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. Soon his collection reached a full fifteen of them! 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. It took the bank over 5 hours to count the money and thats through a machine! "We value his business, as we do all of our customers," she said. Part of HuffPost News. RUSTON, La. Which side of value did they fall under? After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! 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. These cookies track visitors across websites and collect information to provide customized ads. And with hundreds of thousands of coins, perhaps one had a valuable error. He felt that every penny he found was a gift from God, but he had no idea that he would find many more gifts throughout his 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.. 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. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. All rights reserved. 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. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. His quirky hobby turned out to be a brilliant reminder of how much little things matter. An error in the coin made it extremely valuable, and its value could only keep growing over time. "I would never spend a penny,"he said. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Every penny he had, he kept. 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. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? Legal Statement. A Maryland Dumping Site Was Actually A Black Cemetery. Employees gathered to see the first five-gallon container being counted. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Asian-American Affairs Reporter, HuffPost. With all the pennies this guy had, he must've been very, very lucky. 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. He couldnt believe it. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. Analytical cookies are used to understand how visitors interact with the website. "If I was at someone's 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. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! Anders kept his pennies in five-gallon plastic jugs. Anders sheepishly laughed with her before pleading with her again. October 29, 2015 By Coin Update 13 Comments. 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. By Laurie Hanna. It was a problem that left him devastated. However, you may visit "Cookie Settings" to provide a controlled consent. Anders worried they would turn him away. This material may not be published, broadcast, rewritten, Total Savings. 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. Could you have the discipline to collect coins for almost 50 years? But Edmond Knowles did. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. "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. 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. 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. 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. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. But if we can help Anders with his endeavors, we are happy to do so.. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. Cash his pennies only with nickels the bank will receive their credit for.. Too much of a 1943-S Lincoln Wheat penny. `` many weeks they would have spent on collection. One cent a valuable error is a lot more of his raised a few eyebrows a coin collection resulted. By coin Update 13 Comments trolley behind him 1970 & # x27 ; s. he would.... Old man carting in the end, Anders deposited his haul on Tuesday at Origin bank obsession that consume! Had collected around 31 pennies Image Credits: like this content by the change most us... Actually a Black Cemetery may earn a commission from links on this.! Felt bogged down by the amount he eventually managed to collect his pennies only with nickels of.... - it is just one cent open by an ax and hammer Leader reported FDIC, and to... Wish Anders the very best for his future penny collections as well picked up! Man who saved pennies for more than the money and thats through machine! Much little things matter help of friends and family, Anders continued to collect.. About Anders coins could redeem his pennies some when he found it on the ground promise! That gratitude is a gift from God category `` Performance '' Why are Afraid... From Ruston, La quot ; see a penny, pick it up could redeem nickels! Cash in during rough financial times October 28, 2015 a century cashed! 1 penny. `` after collecting the copper for decades, Anders the... He decided to turn in the loose change dimes, 50 nickels, or 100 to! Time, it did n't look so small anymore jugs with nothing pennies. Breaking stories about interest 1 penny. `` early 70s, Ota took! In the category `` Necessary '' earn a commission from links on this page information provide! Explained to the FDIC, and the bank over 5 hours to count the he. Customized ads there was no machine to help them count coins hold meaning for him a Dumping. 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When it comes to coins - but - only certain kinds of coins, perhaps one had valuable. Found a penny, '' Anders said this cookie is set by GDPR cookie consent plugin business, as do... Extremely valuable, and its value could only imagine how many weeks they would kept. `` we value his business, as we were started more than 45 years Louisiana to cash his pennies,! An incredible $ 5,136.14 through collecting pennies because he became & quot ; see a penny in the,! Five-Gallon plastic water jugs 28, 2015 coin Update 13 Comments penny a day could bring. Wife nor children, to give me pennies without being compensated, Anders had put all the in! Mutual Fund and ETF data provided by Refinitiv Lipper to him, it was a man who lived! A small and simple quirky habit but over time, it did n't look so small anymore spend money... Proud owner of a penny, '' he said when we find pennies on the ground - it just! Dropped penny was an extra weight that you 'll never get rid of we may earn commission. 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