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. The same with coins that hold an error. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. He watched over in-school suspended children and absolutely loved his job. But what about Anders coins? During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. But what was he going to do with his saved money? This meant that he soon had more pennies than he knew what to do with. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. It'll go toward a recent dental bill, the Ruston Daily Leader reported. Anders took his haul to the Ruston Origin Bank. Im not sure exactly, Anders said. 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. 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. The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. The coin reminded him to pray and give thanks. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. Quotes displayed in real-time or delayed by at least 15 minutes. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. The cookie is used to store the user consent for the cookies in the category "Performance". By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. 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 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. 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. "But if we can help Anders with his endeavors, we are happy to do so.". With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. 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. Published: 10/28/2015 8:46:47 AM. Its unclear how much his collection weighed, but using the U.S. Mints estimate of 2.5 grams a coin, it might have been around 2,800 pounds. Photo credit: United News International / YouTube. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. 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. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Market data provided by Factset. 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. 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. "But if we can help Anders with his endeavors, we are happy to do so.". into his account to go toward a recent dental bill. Disclaimer: All content is provided for fun and entertainment purposes only. The extra bonus of income came just in time for him to pay a medical bill. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. 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. It all just started that one day when he found a penny in the street; he went on to collect more. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. We also use third-party cookies that help us analyze and understand how you use this website. And with hundreds of thousands of coins, perhaps one had a valuable error. 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. 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. 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.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! Who would have thought a penny a day could someday bring you $5k! October 29, 2015 By Coin Update 13 Comments. He couldnt believe it. And they werent the only establishment to do so. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. If I hadnt turned them in yesterday, I was not going to stop.. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. Everyone was staring at him.She looked at him in disbelief. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. A Maryland Dumping Site Was Actually A Black Cemetery. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. They remind him to stay thankful, he says. Anders says he plans to use the cash to help pay a dental bill. But now, he was about to find out. He probably would have kept his obsession up if he hadnt figured out some when he had to renew 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. 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. All eyes were on the man pulling the trolley behind him. 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. Back in 2015, he had to finally cash them in becausehis homeowners insurance policy no longer covered his pennies, and he needed some extra cash. And as he got older his connection to god only felt stronger for it. 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. 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. Cool, isnt it? This material may not be published, broadcast, rewritten, or redistributed. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. And with hundreds of thousands of coins, perhaps one had a valuable error. Anders and his friends hauled in the containers one by one. How long has Otha Anders been saving his 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. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! He approached the questionable expression behind the desk and asked them to cash his pennies in. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. His quirky hobby turned out to be a brilliant reminder of how much little things matter. It was actually his religion that started the penny collecting. The woman behind the counter looked at him in disbelief. Although Anders didnt have time on his side, he did have volume. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. "I became convinced that spotting a lost or dropped. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. 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. He looked at lost old pennies on the floor as his very own personal gift from God. 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. "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 was a 73-year-old who worked with the Jackson School Board. 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. It seems like Anders' steady patience and consistent well-wishing has paid off for him. The machine bags had to be changed for every $50. That first penny, he told the Star, reminded him that life is a gift from God. The woman stared at him in shock. "We value his business, as we do all of our customers," she said. 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! 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. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. Turn on desktop notifications for breaking stories about interest? It would go towards his recent dental bill, he told theNews Star. "He did likewise with pennies for me.". Market data provided by Factset. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. This means that on an average day, he had collected around 31 pennies. But now, he was about to find out. Otha Anders, 73, does. He walked into the bank, rolling a dolly behind him. He started collecting pennies in the early 1970's. He would just find them and save them. than 45 years ago when he found it on the ground. Your California Privacy Rights/Privacy Policy. Could you have the discipline to collect coins for almost 50 years? Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. By. The counting and processing of the coins took a total of about five hours, according to the News-Star. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. "I would break a dollar before giving up a penny. An error in the coin made it extremely valuable, and its value could only keep growing over time. Every penny he had, he kept. The 73-year-old had a family of his own. Anders worried they would turn him away. 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. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. That is a lot of pennies. 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. You have to find 100 of them to get a dollar - it is a lot of work. Powered and implemented by FactSet Digital Solutions. 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 started collecting pennies in the early 1970s. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. 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. While he was working as a supervisor for in-school suspended children for the Jackson School Board, students found out about Anders quirk and began to save pennies to sell to him. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. Not many people think too much of a penny it is just one cent. Soon his collection reached a full fifteen of them! How many?, the woman asked. RUSTON, La. Even though one particular hobby of his raised a few eyebrows. You know you see pennies all over. (Fox 14) A Louisiana man who collected pennies for almost half a . NEW YORK DAILY . -- 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. 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. -- A Louisiana man recently cashed in hundreds of thousands of saved pennies, rolling them to the bank on a dolly after collecting them for more than four decades. It was actually his religion that started the penny collecting. "I would break a dollar before giving up a penny.". All rights reserved. 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. Who would have thought a penny a day could someday bring you $5k! 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. 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. 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. Anders kept his pennies in five-gallon plastic jugs. It all just started that one day when he found a penny in the street; he went on to collect more. 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. After that first coin, Anders said his penny pile began to grow and he ultimately stopped spending pennies and always made sure whenever he made a purchase, his change contained at least three to four pennies. Nancy Bergeron/Ruston Daily Leader 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.. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? "But if we can help Anders with his endeavors, we are happy to do so.". But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. It does not store any personal data. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. 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. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Necessary cookies are absolutely essential for the website to function properly. This cookie is set by GDPR Cookie Consent plugin. Breanna Edwards. Anders' coin collecting habit started when he found a penny on the street decades ago. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. But the amount he eventually managed to collect was staggering. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. 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. The manager of Ed's. The 73-year-old has some modest plans to spend his money. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. 2023 BuzzFeed, Inc. All rights reserved. I know its a crazy amount but this is a dear collection of mine that I need to cash out. "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." Part of HuffPost News. "I would never spend a penny," he told the Star. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. By clicking Accept All, you consent to the use of ALL the cookies. Which side of value did they fall under? "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. I would break a dollar before giving up a penny.. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. How would they be able to count all these pennies? Mutual Fund and ETF data provided by Refinitiv Lipper. I would break a dollar before giving up a penny.. https://www.youtube.com/watch?v=Orav4IyjgtE. These cookies will be stored in your browser only with your consent.
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