You have to find 100 of them to get a dollar it is a lot of work. Anders worried they would turn him away. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. Quotes displayed in real-time or delayed by at least 15 minutes. Could you have the discipline to collect coins for almost 50 years? He cashed in the coins to the Ruston Origin Bank, in Ruston, La. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. Photo credit: United News International / YouTube. 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. The same with coins that hold an error. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. And with hundreds of thousands of coins, perhaps one had a valuable error. We value his business, as we do all of our customers, she said. . His quirky hobby turned out to be a brilliant reminder of how much little things matter. The extra bonus of income came just in time for him to pay a medical bill. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. But the amount he eventually managed to collect was staggering. 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 ! To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Legal Statement. 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. Anders took his haul to the Ruston Origin Bank. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. Your California Privacy Rights/Privacy Policy. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. For Anders, the process of collecting the coins meant more than the money he would make. "We value his business, as we do all of our customers," she said. "But if we can help Anders with his endeavors, we are happy to do so.". Although Anders didnt have time on his side, he did have volume. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. So he decided it was time to cash in. (Fox 14) A Louisiana man who collected pennies for almost half a . It all just started that one day when he found a penny in the street; he went on to collect more. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. into his account to go toward a recent dental bill. 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. . Guy Who Saved Pennies For 45 Years Just Cashed Out. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. The counting and processing of the coins took a total of about five hours, according to the News-Star. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. 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. October 28, 2015 at 10:29 pm EDT. The pennies were then poured into the coin machine with small plastic buckets. How would they be able to count all these pennies? 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. Necessary cookies are absolutely essential for the website to function properly. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. 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. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. Their eyes popped as they took in the sight of the sheer amount of pennies. He had no idea, but clearly, this would result in a fortune. Anders kept his pennies in five-gallon plastic jugs. He approached the questionable expression behind the desk and asked them to cash his pennies in. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. They were much heavier than youd think, and not to mention, there were fifteen of them! But his wife couldnt help but question one habit that he had had for the last 45 years. If I hadnt turned them in yesterday, I was not going to stop.. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. Guess Who Her Dad Is. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. It all just started that one day when he found a penny in the street; he went on to collect more. 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. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. Photo credit: United News International / YouTube. That amount was deposited into his account Tuesday to go toward a recent dental bill. It was a reminder to me to always be thankful," he added. According to the . "If I would see a penny when on the ground, in the hallway, on the floor, or anywhere, I would automatically and invariably a prayer of thanks and I'd say, well this is God's way of reminding me that I should always be thankful," he told reporters. 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. "I would break a dollar before giving up a penny". Who would have thought a penny a day could someday bring you $5k! By. How many are there?, she asked. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. But if we can help Anders with his endeavors, we are happy to do so.. By Laurie Hanna. The coin reminded him to pray and give thanks. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. "I would break a dollar before giving up a penny. This material may not be published, broadcast, rewritten, or redistributed. This means that on an average day, he had collected around 31 pennies. "Anders will inform us on where he wants the cashed-in money to be placed," she said. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. It was by far the most exciting thing that had happened at the bank in a while!The plastic jugs were hacked open by an ax and hammer. But when they finally did, the amount Anders had saved all these years was incredible! Although Anders didnt have time on his side, he did have volume. You know you see pennies all over. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. Disclaimer: All content is provided for fun and entertainment purposes only. Total Savings. AREVIK 25.12.2022 1.1k. NEW YORK DAILY . 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. The woman gave Anders a long look before calling her manager. Powered and implemented by FactSet Digital Solutions. 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. Anders and his friends hauled in the containers one by one. Believe me, if I had it my way, Id keep these pennies forever. All eyes were on the man pulling the trolley behind him. And you think we have the time to count half a million pennies for you? she laughed. However, Anders always made sure that every penny that came his way from others was compensated properly. Are you asamazed by this beautiful story as we were? I know its a crazy amount but this is a dear collection of mine that I need to cash out. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. 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 total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. 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. Turn on desktop notifications for breaking stories about interest? The plastic jugs were hacked open by an ax and hammer. "I would never spend a penny," Anders said. The News-Star reports that employees at Ruston . With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. 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. They remind him to stay thankful, he says. "But if we can help Anders with his endeavors, we are happy to do so.". 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. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. 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. 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. "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. It squeaked and squawked as the wheels turned in pursuit. How would they be able to count all these pennies? Quotes displayed in real-time or delayed by at least 15 minutes. 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. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. (Fox 14). 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. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. Anders said he started collecting the coins in the late-1960s. The same with coins that hold an error. 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. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? "But if we can help Anders with his endeavors, we are happy to do so.". "I became convinced that spotting a lost or dropped. Change for the better: Man cashes in 45-year penny collection worth $5,000. — -- 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. We may earn a commission from links on this page. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. "I wanted the inner satisfaction that God and I acquired this collection.". Man Cashes In 500,000 Pennies Collected Over 45 Years. This cookie is set by GDPR Cookie Consent plugin. I would never spend a penny, he told the News-Star. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. 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. You've successfully subscribed to this newsletter! After 45 years of saving the coins and storing them in five-gallon jugs, he wheeled his collection in on a dolly to see how much he had. https://www.youtube.com/watch?v=Orav4IyjgtE. I would never spend a penny, he said. Nancy Bergeron/Ruston Daily Leader The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. 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. The manager of Ed's. Updated: 8:46 AM EDT October 28, 2015 . He watched suspended kids and loved his job. But now, he was about to find out. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. It was actually his religion that started the penny collecting. 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. 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. Author: Frededreia Willis. Even though one particular hobby of his raised a few eyebrows. 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 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. 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. 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. 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. And as he got older his connection to god only felt stronger for it. Otha Anders, 73, does. 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. La. We also use third-party cookies that help us analyze and understand how you use this website. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. Anders says he plans to use the cash to help pay a dental bill. 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. It'll go toward a recent dental bill, the Ruston Daily Leader reported. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. Employees gathered to see the first five-gallon container being counted. 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. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. . Analytical cookies are used to understand how visitors interact with the website. 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. How many were in there? 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. October 29, 2015 By Coin Update 13 Comments. Otha Anders started collecting pennies in the late 1960s. But what was he going to do with his saved money? Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . I would say hes done a lot of collecting over the years.. He watched over in-school suspended children and absolutely loved his job. The coin reminded him to pray and give thanks. 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. 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! He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. So, he paid them for pennies? 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. But if we can help Anders with his endeavors, we are happy to do so.. 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. And they werent the only establishment to do so. To Anders, 73, the pennies represent more than a nice pay day. He took . I would break a dollar before giving up a penny.. 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. 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