He approached the questionable expression behind the desk and asked them to cash his pennies in. The woman behind the counter looked at him in disbelief. You know you see pennies all over. 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. This cookie is set by GDPR Cookie Consent plugin. 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. "He did likewise with pennies for me.". 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. While he only deposited them when he found. By. 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. "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. It does not store any personal data. Share away, people! Part of HuffPost News. The same with coins that hold an error. According to the . Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. I know its a crazy amount but this is a dear collection of mine that I need to cash out. 2023 BuzzFeed, Inc. All rights reserved. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. This material may not be published, broadcast, rewritten, or redistributed. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. All of the kids love him and he was happy to look after them. How many?, the woman asked. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. 2023 FOX News Network, LLC. However, thats not true for all coins. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. The total came out to a whopping $5,136. Market data provided by Factset. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. "Anders will inform us on where he wants the cashed-in money to be placed," she said. 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 worried they would turn him away. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. 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. 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. News-Star. I would guesstimate about half a million pennies?. To get the pennies to the Ruston Origina Bank in Ruston, LA, Anders needed help.He ended up getting a couple of his friends to help move the five-gallon jugs full of pennies into his truck and then into the bank. But if we can help Anders with his endeavors, we are happy to do so.. "But if we can help Anders with his endeavors, we are happy to do so.". Here was a man who certainly lived by the adage "See a penny, pick it up. Copyright 2012-2023 Social Sweethearts GmbH. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! "We value his business, as we do all of our customers," she said. "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. 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! "I became convinced that spotting a lost or dropped. 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. Youtube / Kray K News. 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. 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. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. Anders loved his pennies, they were his prized collection. They were much heavier than youd think, and not to mention, there were fifteen of them! Analytical cookies are used to understand how visitors interact with the website. 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. Anders sheepishly laughed with her before pleading with her again. 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. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. An error in the coin made it extremely valuable, and its value could only keep growing over time. 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. It would go towards his recent dental bill, he told theNews Star. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. 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. It all just started that one day when he found a penny in the street; he went on to collect more. It took five hours to count the pennies; the plastic jugs were hacked open and then the coins were poured into the coin machine bit by bit. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. I would never spend a penny, he told the News-Star. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Anders kept his pennies in five-gallon plastic jugs. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. 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. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. How would they be able to count all these pennies? Not many people think too much of a penny - it is just one cent. I would say hes done a lot of collecting over the years.. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Their eyes popped as they took in the sight of the sheer amount of 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. He started collecting pennies in the early 1970's. He would just find them and save them. 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. He had no idea, but clearly, this would result in a fortune. We value his business, as we do all of our customers, Cole said. 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! It has long been said that time is the most valuable commodity. 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. It seems like Anders steady patience and consistent well-wishing has paid off for him. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. He walked into the bank, rolling a dolly behind him. He had no idea yet, but that effort resulted in a fortune, and it was all for him. 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 also started making more and decisions that would give him more pennies. How many?, the woman asked. 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. He approached the questionable expression behind the desk and asked them to cash his pennies in. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. 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! Quotes displayed in real-time or delayed by at least 15 minutes. And as he got older his connection to god only felt stronger for it. But what was he going to do with his saved money? It seems that this small habit was a touching way for Anders to strengthen his relationship with God. Its shocking, for sure, he told ABC News. "I would break a dollar before giving up a penny.". It was actually his religion that started the penny collecting. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? Disclaimer: All content is provided for fun and entertainment purposes only. ", | Special to The (Monroe, La.) That is a lot of pennies. If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Coins made of base metals, such as aluminum, have very little worth. 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. This cookie is set by GDPR Cookie Consent plugin. RUSTON, La. Anders and his friends hauled in the containers one by one. RUSTON, La. 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. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. But when they finally did, the amount Anders had saved all these years was incredible! Otha Anders cashed in his giant penny collection. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. Are you asamazed by this beautiful story as we were? Which side of value did they fall under? Asian-American Affairs Reporter, HuffPost. By clicking Accept All, you consent to the use of ALL the cookies. 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. I would break a dollar before giving up a penny.. Guy Who Saved Pennies For 45 Years Just Cashed Out. The woman stared at him in shock. Every penny he had, he kept. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. Employees gathered to see the first five-gallon container being counted. These cookies will be stored in your browser only with your consent. 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