than 45 years ago when he found it on the ground. "I would break a dollar before giving up a penny.". To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. "I wanted the inner satisfaction that God and I acquired this collection.". It seems that this small habit was a touching way for Anders to strengthen his relationship with God. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. All Rights Reserved. This cookie is set by GDPR Cookie Consent plugin. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. So, he paid them for pennies? 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. 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. It all just started that one day when he found a penny in the street; he went on to collect more. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. Part of HuffPost News. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. But he still had some cash left over which he put towards a family trip and church donations. Updated: 8:46 AM EDT October 28, 2015 . But opting out of some of these cookies may affect your browsing experience. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. "Anders will inform us on where he wants the cashed-in money to be placed," she said. The cookie is used to store the user consent for the cookies in the category "Performance". 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. . We value his business, as we do all of our customers, Cole said. However, Anders always made sure that every penny that came his way from others was compensated properly. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. But that's not all. 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. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Im not sure exactly, Anders said. Who would have thought a penny a day could someday bring you $5k! How many were in there? Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. Photo credit: United News International / YouTube. That is a lot of pennies. Anders was hesitant to finally hand in his collection, which he refused to do back in the 1970s, when the government was offering a $25 bonus for every $100 worth of pennies turned in, the News-Star notes. But after collecting the one cent pieces for 45 years, you could have amassed a . "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? It would go towards his recent dental bill, he told theNews Star. Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." How would they be able to count all these pennies? Then, one day, he decided to turn in the loose change. It seems like Anders' steady patience and consistent well-wishing has paid off for him. 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. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. He couldnt believe it. It was a reminder to me to always be thankful," he added. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. Anders is a beautiful example of how all of us can learn to be thankful for the small things. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. 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. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. For Anders, the process of collecting the coins meant more than the money he would make. Wow. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. "I would break a dollar before giving up a penny". The extra bonus of income came just in time for him to pay a medical bill. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 2023 BuzzFeed, Inc. All rights reserved. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. 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. He never knew just how much money he would make. 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. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. "Whenever I would see a penny, I would always say a prayer of thanks. 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. Nancy Bergeron/Ruston Daily Leader 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! As it turns out, he knew Anders quite well, Anders was a longtime, loyal customer who never gave them any problems so immediately knew they wanted to help him. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. As it turns out, he knew Anders quite well Anders was a longtime, loyal customer who never gave them any problems so immediately knew the manager wanted to help him. But the amount he eventually managed to collect was staggering. Anders says he plans to use the cash to help pay a dental bill. 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. 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. Anders took his haul to the Ruston Origin Bank. "We value his business, as we do all of our customers," she said. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. 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. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. 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. Anders' coin collecting habit started when he found a penny on the street decades ago. Although Anders didnt have time on his side, he did have volume. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. This cookie is set by GDPR Cookie Consent plugin. One man, Otha Anders, is one of the rare exceptions in this regard because he's picked up every penny that he has ever come across for the last 45 years! I wanted the inner satisfaction that God and I acquired this 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 also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. Their worth is even less still if the government issuing the coins no longer exists. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. This means that on an average day, he had collected around 31 pennies. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. "I would break a dollar before giving up a penny. 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. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. It all just started that one day when he found a penny in the street; he went on to collect more. They were much heavier than youd think, and not to mention, there were fifteen of them! Its shocking, for sure, he told ABC News. 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. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. 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. And as he got older his connection to god only felt stronger for it. He looked at lost old pennies on the floor as his very own personal gift from God. These cookies ensure basic functionalities and security features of the website, anonymously. These cookies will be stored in your browser only with your consent. 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. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. "I would never spend a penny," Anders said. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. He watched over in-school suspended children and absolutely loved his job. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. He cashed in the coins to the Ruston Origin Bank, in Ruston, La. "I became convinced that spotting a lost or dropped. "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. And they werent the only establishment to do so. Quotes displayed in real-time or delayed by at least 15 minutes. He started collecting pennies in the early 1970's. He would just find them and save them. All rights reserved. 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. Not many people think too much of a penny - it is just one cent. -- A Louisiana man recently cashed in hundreds of thousands of saved pennies, rollingthem to the bank on a dolly after collecting them for more than four decades.According to the Louisiana News Star, Otha Anders, 73, started collecting pennies 45 years ago when he spotted one on the ground. I would guesstimate about 400-500,000 pennies?. Not many people think too much of a penny it is just one cent. The final amount was certainly not small. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Your health is important to us. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? "I would break a dollar before I would spend a penny," he said. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. Anders loved his pennies, they were his prized collection. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! This website uses cookies to improve your experience while you navigate through the website. 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. Its shocking, for sure, he said. The cookie is used to store the user consent for the cookies in the category "Other. 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. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. Do Not Sell or Share My Personal Information. 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. Guess how many pennies were in his 15 5-gallon 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. It was actually his religion that started the penny collecting. He walked into the bank, rolling a dolly behind him. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. 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. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Your California Privacy Rights/Privacy Policy. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. But when they finally did, the amount Anders had saved all these years was incredible! However, thats not true for all coins. 2023 FOX News Network, LLC. 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. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. In the end, Anders was always fair about how he came across his pretty pennies. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. (Fox 14) A Louisiana man who collected pennies for almost half a . "He did likewise with pennies for me.". "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 know its a crazy amount but this is a dear collection of mine that I need to cash out. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. "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." By Laurie Hanna. But why? Otha Anders started collecting pennies in the late 1960s. 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. "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.". Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . 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. Seventy Five Gallons 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. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. He approached the questionable expression behind the desk and asked them to cash his pennies in. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. A Maryland Dumping Site Was Actually A Black Cemetery. Powered and implemented by FactSet Digital Solutions. What began as something fun turned into a full-blown obsession and an all-consuming hobby. into his account to go toward a recent dental bill. You know you see pennies all over. 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. Which side of value did they fall under? Published: 10/28/2015 8:46:47 AM. — -- 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. It reportedly took five hours for machines to count all the change. 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. 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. That started the penny collecting on Tuesday at Origin bank didnt know that after picked. Has been collecting pennies in the loose change four pennies Ruston Origin bank the Ruston Origin.. Just one cent pieces for 45 years until he successfully filled fifteen plastic... Reports that thehabit was first ignited when he found a penny in the end, Anders been. 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