He approached the questionable expression behind the desk and asked them to cash his pennies in. 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. into his account to go toward a recent dental bill. 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. 2023 BuzzFeed, Inc. All rights reserved. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. Cool, isnt it? When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Who would have thought a penny a day could someday bring you $5k! And with hundreds of thousands of coins, perhaps one had a valuable error. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". His quirky hobby turned out to be a brilliant reminder of how much little things matter. 'Dream big', 'never give up'; Sen. Murray's advice to young girls in the U.S. 'Go back to your country:' Man arrested for hate crime after throwing rocks, using racially-biased comments, WATCH: Surveillance footage shows suspect stealing car with two kids inside, Scientists tap volunteers to save integral species to Puget Sound ecosystem, First woman appointed as fire chief in King County, Egg shortage and high demand creates waitlist for people looking to adopt chickens, Suspect in 3rd and Pine shooting releasing from jail. Not many people think too much of a penny - it is just one cent. In all, Anders had collected enough pennies to earn him over $5,000! 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! 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. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. 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. It does not store any personal data. It was actually his religion that started the penny collecting. This cookie is set by GDPR Cookie Consent plugin. I know its a crazy amount but this is a dear collection of mine that I need to cash out. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. And you think we have the time to count half a million pennies for you? she laughed. All rights reserved. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. Its shocking, for sure, he said. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. "But if we can help Anders with his endeavors, we are happy to do so.". The cookie is used to store the user consent for the cookies in the category "Other. 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. 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. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. It squeaked and squawked as the wheels turned in pursuit. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. But the amount he eventually managed to collect was staggering. RUSTON, La. The trolley wheels squeaked as he walked into the bank. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. Legal Statement. "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. I would break a dollar before giving up a penny.. "I would break a dollar before giving up a penny. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. 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. 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. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. But if we can help Anders with his endeavors, we are happy to do so.. "We value his business, as we do all of our customers," he said. Anders also added that his friend,Jack "Domino Kid" Brown, played a significant part in his penny collection. By Laurie Hanna. But Edmond Knowles did. RUSTON, La. They were much heavier than youd think, and not to mention, there were fifteen of them! 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. This material may not be published, broadcast, rewritten, or redistributed. -- 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. 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. Which side of value did they fall under? "I would never spend a penny," he said. Photo credit: United News International / YouTube. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. Ultimately, Anders went out of his way to stop spending pennies and made sure that after every purchase, his change contained at least 3 to 4 pennies. These cookies ensure basic functionalities and security features of the website, anonymously. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. Every penny he had, he kept. You also have the option to opt-out of these cookies. Coins made of base metals, such as aluminum, have very little worth. Anders kept his pennies in five-gallon plastic jugs. Their eyes popped as they took in the sight of the sheer amount of pennies. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? Here was a man who certainly lived by the adage "See a penny, pick it up. This man had saved pennies for 45 years and just picked them up from the street. 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. According to the . The cookies is used to store the user consent for the cookies in the category "Necessary". But he still had some cash left over which he put towards a family trip and church donations. Then, one day, he decided to turn in the loose change. Anders and his friends hauled in the containers one by one. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. The 73-year-old has some modest plans to spend his money. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. 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. 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. Hed been saving pennies he found on the street for 45 long years. Anders said he would be truly remiss if he did not acknowledge his friend, Jack 'Domino Kid' Brown, for helping him with his penny collection. 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. "But if we can help Anders with his endeavors, we are happy to do so.". 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. Disclaimer: All content is provided for fun and entertainment purposes only. He couldnt believe it. 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. 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. 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. Little did he know, just how many gifts he was going to receive. "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." . https://www.youtube.com/watch?v=Orav4IyjgtE. It took the bank over 5 hours to count the money and thats through a machine! 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. The plastic jugs had to be opened with an ax and hammer, and the bank was not prepared for such a large collection even though Anders had called a week prior to inform them that he would be coming with a colossal amount 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. Man Cashes In 500,000 Pennies Collected Over 45 Years. But after collecting the one cent pieces for 45 years, you could have amassed a . He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. The woman stared at him in disbelief. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. 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. . "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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. 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. This cookie is set by GDPR Cookie Consent plugin. Believe me, if I had it my way, Id keep these pennies forever. A Maryland Dumping Site Was Actually A Black Cemetery. Otha Anders of Louisiana had spent the past 45 years picking up pennies he found in the streets and putting these inside his giant piggy banks made of water jugs. The coin reminded him to pray and give thanks. 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. But that's not all. He took . 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. After all, the magic of life is preserved in the ordinary, everyday things, and it is up to us to find it. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. Do Not Sell or Share My Personal Information. How many are there?, she asked. But collecting pennies was more than a hobby for Anders. 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