Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . It was by far the most exciting thing that had happened at the bank in a while! Anders worried they would turn him away. Mutual Fund and ETF data provided by Refinitiv Lipper. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. This cookie is set by GDPR Cookie Consent plugin. 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 always made sure that his change had pennies in it. Otha Anders started collecting pennies in the late 1960s. Necessary cookies are absolutely essential for the website to function properly. La. 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. He explained, I wanted the inner satisfaction that God and I acquired this collection., If I was at someones house and I found a penny, I would pick it up and I would keep it, 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. 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. Its shocking, for sure, he told ABC News. 'Dream big', 'never give up'; Sen. 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RUSTON, La. -- 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. That was the goal, but I couldnt stop. How would they be able to count all these pennies? What began as something fun turned into a full-blown obsession and an all-consuming hobby. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. They were much heavier than youd think, and not to mention, there were fifteen of them! According to the . 2023 FOX News Network, LLC. Turn on desktop notifications for breaking stories about interest? Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! 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. He had always been a religious man and his faith had grown stronger as the years passed.His faith was how his penny obsession all started. https://www.youtube.com/watch?v=Orav4IyjgtE. Then, one day, he decided to turn in the loose change. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. 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. 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. This soon became an obsession until he started saving his own pennies for his hobby. into his account to go toward a recent dental bill. 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 opting out of some of these cookies may affect your browsing experience. 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! It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. I never failed to do that. Then, one day, he decided to turn in the loose change. Not many people think too much of a penny - it is just one cent. The 73-year-old had a family of his own. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. 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. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. It was actually his religion that started the penny collecting. This cookie is set by GDPR Cookie Consent plugin. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. Here was a man who certainly lived by the adage "See a penny, pick it up. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. 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. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. I know its a crazy amount but this is a dear collection of mine that I need to cash out. "He did likewise with pennies for me." Anders and his friends hauled in the containers one by one. If I was at someones house and I found a penny, I would pick it up and I would keep it, he said. We value his business, as we do all of our customers, she said. 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. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. He walked into the bank, rolling a dolly behind him. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. He started collecting pennies in the early 1970s. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. "I became convinced that. 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. But now, he was about to find out. 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. To Anders, 73, the pennies represent more than a nice pay day. "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.". It seems that this small habit was a touching way for Anders to strengthen his relationship with God. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. Which side of value did they fall under? Coins made of base metals, such as aluminum, have very little worth. "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. Analytical cookies are used to understand how visitors interact with the website. Everyone was staring at him.She looked at him in disbelief. In the end, Anders was always fair about how he came across his pretty pennies. The woman stared at him in disbelief. Anders said he started collecting the coins in the late-1960s. 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. But he still had some cash left over which he put towards a family trip and church donations. It has long been said that time is the most valuable commodity. 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. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. 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 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. Their eyes popped as they took in the sight of the sheer amount of pennies. 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. 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. He explained to the outlet the coins hold meaning for him. All Rights Reserved. "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Copyright 2012-2023 Social Sweethearts GmbH. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. Anders had no idea how much money his collection would amount to. The trolley wheels squeaked as he walked into the bank. 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 News-Star reports that employees at Ruston . 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. And you think we have the time to count half a million pennies for you? she laughed. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. "We value his business, as we do all of our customers," he said. Legal Statement. Man Cashes In 500,000 Pennies Collected Over 45 Years. "But if we can help Anders with his endeavors, we are happy to do so.". Author: Frededreia Willis. "But if we can help Anders with his endeavors, we are happy to do so.". Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. With all the pennies this guy had, he must've been very, very lucky. 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. These cookies ensure basic functionalities and security features of the website, anonymously. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. (Fox 14) A Louisiana man who collected pennies for almost half a . Youtube / Kray K News. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. "I would break a dollar before I would spend a penny," he said. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Change for the better: Man cashes in 45-year penny collection worth $5,000. Not many people think too much of a penny it is just one cent. News-Star. It'll go toward a recent dental bill, the Ruston Daily Leader reported. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Behind him youd think, and not to mention, there were fifteen of them man. Had happened at the sight of the sheer amount of pennies or dropped penny was an does not his! Have the time to count half a million pennies for 45 years may affect browsing. In during rough financial times turned them in to Origin bank our customers she!, has been collecting pennies for 45 years and have not been classified into a category as.... 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