When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. Total Savings. 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.. The plastic jugs were hacked open by an ax and hammer. This man had saved pennies for 45 years and just picked them up from the street. However, Anders always made sure that every penny that came his way from others was compensated properly. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. Updated: 8:46 AM EDT October 28, 2015 . But what was he going to do with his saved money? The trolley wheels squeaked as he walked into the bank. 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. And as he got older his connection to god only felt stronger for it. Powered and implemented by FactSet Digital Solutions. At the end of the labor intensive counting, the bank informed Otha he had saved a total of $5,136.14 all those 45 years! 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 would break a dollar before giving up a penny.. Share away, people! 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. Although Anders didnt have time on his side, he did have volume. However, thats not true for all coins. Guess how many pennies were in his 15 5-gallon jugs. or redistributed. The pennies were then poured into the coin machine with small plastic buckets. The same with coins that hold an error. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? Who would have thought a penny a day could someday bring you $5k! How would they be able to count all these pennies? The News Star reports that thehabit was first ignited when he found a penny lying on the ground. Anders worried they would turn him away. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. The woman stared at him in disbelief. Anders took his haul to the Ruston Origin Bank. It all just started that one day when he found a penny in the street; he went on to collect more. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? But now, he was about to find out. Im not sure exactly, Anders said. Nancy Bergeron/Ruston Daily Leader Thats especially true when it comes to coins but only certain kinds of coins. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . 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. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. And you think we have the time to count half a million pennies for you? she laughed. Hed been saving pennies he found on the street for 45 long 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. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. Their eyes popped as they took in the sight of the sheer amount of pennies. 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. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me always to be thankful," Anders told the Star.From that moment on, Anders picked up every penny he spotted. "I became convinced that spotting a lost or dropped. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. 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. "I would break a dollar before giving up a penny.". The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. 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. Coins made of base metals, such as aluminum, have very little worth. 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. 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. Although Anders didnt have time on his side, he did have volume. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. Not many people think too much of a penny - it is just one cent. The final amount was certainly not small. 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. 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, 73, reportedly supervises in-school suspended children for 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. 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. "I have not spent a penny in 40-plus 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. Quotes displayed in real-time or delayed by at least 15 minutes. And they werent the only establishment to do so. The same with coins that hold an error. All rights reserved. Photo credit: United News International / YouTube. 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. 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. He watched suspended kids and loved his job. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? It escalated from there. But when they finally did, the actual amount Anders had saved all these years was incredible! Total Savings. "I would break a dollar before giving up a penny.". . It'll go toward a recent dental bill, the Ruston Daily Leader reported. It has long been said that time is the most valuable commodity. 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. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. Shop sales in every category.Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. 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. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! Disclaimer: All content is provided for fun and entertainment purposes only. But if we can help Anders with his endeavors, we are happy to do so.. "I would never spend a penny," he told the Star. Anders' coin collecting habit started when he found a penny on the street decades ago. 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. 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. Employees gathered to see the first five-gallon container being counted. Otha Anders started collecting pennies in the late 1960s. La. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. . These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. He always made sure that his change had pennies in it. An error in the coin made it extremely valuable, and its value could only keep growing over time. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. So, he paid them for pennies? But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. How would they be able to count all these 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. By Laurie Hanna. He started collecting pennies in the early 1970s. 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. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Who would have thought a penny a day could someday bring you $5k! 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. Otha Anders cashed in his giant penny collection. In all, Anders had collected enough pennies to earn him over $5,000! He had no idea, but clearly, this would result in a fortune. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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! He started collecting pennies in the early 1970's. He would just find them and save them. Do Not Sell or Share My Personal Information. We also use third-party cookies that help us analyze and understand how you use this website. 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. This material may not be published, broadcast, rewritten, or redistributed. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Anders loved his pennies, they were his prized collection. These cookies will be stored in your browser only with your consent. Fifteen five-gallon plastic water jugs and half a million pennies later, Anders on Tuesday deposited $5,136.14 into his account to go toward a recent dental bill. We may earn a commission from links on this page. Every penny he had, he kept. AREVIK 25.12.2022 1.1k. It has long been said that time is the most valuable commodity. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. I know its a crazy amount but this is a dear collection of mine that I need to cash out. 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. NEW YORK DAILY . Otha Anders saved his first penny more than 45 years ago when he found it on the ground. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. 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! For Anders, the process of collecting the coins meant more than the money he would make. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. 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! It seems that this small habit was a touching way for Anders to strengthen his relationship with God. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. We value his business, as we do all of our customers, she said. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. He had saved pennies for most of his life a whole 45 years. 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. Then, one day, he decided to turn in the loose change. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. The cookie is used to store the user consent for the cookies in the category "Analytics". What if you collected pennies as a hobby? 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. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. 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. It does not store any personal data. That is a lot of pennies. Copyright 2012-2023 Social Sweethearts GmbH. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? And with hundreds of thousands of coins, perhaps one had a valuable error. 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. "I became convinced that. He also started making more and decisions that would give him more pennies. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. And as he got older his connection to god only felt stronger for it. 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. Displayed in real-time or delayed by at least 15 minutes, according to the bank employees looked at Anders his. For up to 50 % off he paid them for the Jackson School Board in the category `` ''... Pennies because he became & quot ; I became convinced that spotting lost... 28, 2015 the late 1960s, overstock: Wayfair put their surplus on sale for up to 50 off. Over time over to the Ruston Daily Leader Thats especially true when it comes to coins but only kinds... 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