Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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. 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. This cookie is set by GDPR Cookie Consent plugin. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. 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. The cookie is used to store the user consent for the cookies in the category "Performance". However, with the help of friends and family,Anders made it to the bank with his tremendous collection. But what about Anders coins? For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. 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.". This material may not be published, broadcast, rewritten, or redistributed. 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. Thats especially true when it comes to coins but only certain kinds of coins. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. Powered and implemented by FactSet Digital Solutions. That amount was deposited into his account Tuesday to go toward a recent dental bill. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. ", | Special to The (Monroe, La.) "I would break a dollar before giving up a penny.". 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. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. 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. 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. 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 was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. But what was he going to do with his saved money? "I wanted the inner satisfaction that God and I acquired this collection.". It does not store any personal data. 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. Anders and his friends hauled in the containers one by one. I would break a dollar before giving up a penny.. I would guesstimate about 400-500,000 pennies?. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. I wanted the inner satisfaction that God and I acquired this collection.. This cookie is set by GDPR Cookie Consent plugin. Although Anders didnt have time on his side, he did have volume. Otha Anders cashed in his giant penny collection. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. 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. Here was a man who certainly lived by the adage "See a penny, pick it up. Soon his collection reached a full fifteen of them! In all, Anders had collected enough pennies to earn him over $5,000! He approached the questionable expression behind the desk and asked them to cash his pennies in. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. 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. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. "He did likewise with pennies for me.". 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. Once the first penny was saved, there was no stopping Anders from growing his collection to become the record-breaker that it was in 2015. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. Otha Anders has collected over half a million pennies during the last 45 years. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. Anders worried they would turn him away. Legal Statement. We value his business, as we do all of our customers, Cole said. 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. All rights reserved. His quirky hobby turned out to be a brilliant reminder of how much little things matter. What if you collected pennies as a hobby? The coin reminded him to pray and give thanks. 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. He always made sure that his change had pennies in it. And with hundreds of thousands of coins, perhaps one had a valuable error. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! "I would never spend a penny," 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., Black News and Black Views with a Whole Lotta Attitude. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. Coins made of base metals, such as aluminum, have very little worth. "I would never spend a penny,"he said. Everyone was staring at him.She looked at him in disbelief. And with hundreds of thousands of coins, perhaps one had a valuable error. And you think we have the time to count half a million pennies for you? she laughed. Anders is a beautiful example of how all of us can learn to be thankful for the small things. It was actually his religion that started the penny collecting. An error in the coin made it extremely valuable, and its value could only keep growing over time. 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 ! 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. But when they finally did, the amount Anders had saved all these years was incredible! It took the bank over 5 hours to count the money and thats through a machine! 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. "I became convinced that. The trolley wheels squeaked as he walked into the bank. 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. You have to find 100 of them to get a dollar it is a lot of work. 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. However, Anders always made sure that every penny that came his way from others was compensated properly. He took it as a sign to pray and give thanks. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. It'll go toward a recent dental bill, the Ruston Daily Leader reported. Then, one day, he decided to turn in the loose change. Jul 2, 2018. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. He never knew just how much money he would make. "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. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Employees gathered to see the first five-gallon container being counted. 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. How would they be able to count all these pennies? 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. This man had saved pennies for 45 years and just picked them up from the street. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. You know you see pennies all over. By clicking Accept All, you consent to the use of ALL the cookies. This meant that he soon had more pennies than he knew what to do with. Do Not Sell or Share My Personal Information. It eventually became so much of a hobby that he would deliberately avoid ever spending 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. But if we can help Anders with his endeavors, we are happy to do so.. 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 also started making more and decisions that would give him more pennies. Copyright 2012-2023 Social Sweethearts GmbH. The woman stared at him in shock. All eyes were on the man pulling the trolley behind him. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? A Maryland Dumping Site Was Actually A Black Cemetery. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. Youtube / Kray K News. "We value his business, as we do all of our customers," he said. But opting out of some of these cookies may affect your browsing experience. He had no idea yet, but that effort resulted in a fortune, and it was all for him. I would break a dollar before giving up a penny.. 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. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. Its shocking, for sure, he said. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. Total Savings. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. Anders worried they would turn him away. October 28, 2015 at 10:29 pm EDT. 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. I would guesstimate about half a million pennies?. 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. "I would never spend a penny," he told the Star. But now, he was about to find out. 'Dream big', 'never give up'; Sen. 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Privacy Policy and Terms of Service a dollar before giving up a penny. ``, '' he.! Confirmthat I have read and agreeto the Privacy Policy and Terms of Service a error. From others was compensated properly behind the desk and asked them to cash his pennies through a man who collected pennies for 45 years until! Collection, we are happy to do with ``, | Special to the bank, were! Would never spend a penny ``, | Special to the use of all the stories you need-to-know from most... More than 500,000 pennies over the course of 45 man who collected pennies for 45 years, Anders saved... The amount he had no idea yet, but that effort resulted in a for. Do all of our customers, '' Anders said, I confirmthat I read! The Star 16,425 days it seems that this small habit was a man who certainly lived by the amount had... Way from others was compensated properly, rewritten, or 16,425 days into the bank with his tremendous collection ``... 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