man who collected pennies for 45 years
I would break a dollar before giving up a penny.. 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. Employees gathered to see the first five-gallon container being counted. La. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. Their eyes popped as they took in the sight of the sheer amount of pennies. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. I know its a crazy amount but this is a dear collection of mine that I need to cash out. This man had saved pennies for 45 years and just picked them up from the street. But why? As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. Otha Anders was a 73-year-old who worked with the Jackson School Board. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. But if we can help Anders with his endeavors, we are happy to do so.. Employees gathered to see the first five-gallon container being counted. So he decided it was time to cash in. Bank Vice President Jennie Cole said it was not a typical day at the bank when Anders had his collection of pennies rolled in on a dolly, but Anders is a longtime customer who they wanted to help. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. A Maryland Dumping Site Was Actually A Black Cemetery. Otha Anders cashed in his giant penny collection. He approached the questionable expression behind the desk and asked them to cash his pennies in. 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. 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. He took it as a sign to pray and give thanks. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. 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. The cookie is used to store the user consent for the cookies in the category "Other. I would never spend a penny, he told the News-Star. Anders sheepishly laughed with her before pleading with her again. 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. RUSTON, La. He had saved pennies for most of his life a whole 45 years. Coins made of base metals, such as aluminum, have very little worth. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. That is a lot of pennies. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. In the end, Anders was always fair about how he came across his pretty pennies. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. The pennies were then poured into the coin machine with small plastic buckets. It may inspire them to start a collection of their own. 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. And with hundreds of thousands of coins, perhaps one had a valuable error. He had no idea, but clearly, this would result in a fortune. 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. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. A Louisiana man finally decided to cash in hundreds of thousands of pennies that hed been saving for more than half his life, raking in more than $5,000 total, the News-Star reports. Anders sheepishly laughed with her before pleading to her again. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. The 73-year-old had a family of his own. The machine bags had to be changed for every $50. 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. By Laurie Hanna. 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. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. Nancy Bergeron/Ruston Daily Leader 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. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. It squeaked and squawked as the wheels turned in pursuit. 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. 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. 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. "I would never spend a penny," Anders said. Anders says he plans to use the cash to help pay a dental bill. 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. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. RUSTON, La. It seems like Anders' steady patience and consistent well-wishing has paid off for him. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. 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. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. 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. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? 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. Market data provided by Factset. Copyright 2012-2023 Social Sweethearts GmbH. 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Guy Who Saved Pennies For 45 Years Just Cashed Out. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. 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. Otha Anders has collected over half a million pennies during the last 45 years. He watched over in-school suspended children and absolutely loved his job. 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! Their worth is even less still if the government issuing the coins no longer exists. Disclaimer: All content is provided for fun and entertainment purposes only. October 28, 2015 at 10:29 pm EDT. Legal Statement. The final amount was certainly not small. He started collecting pennies in the early 1970's. He would just find them and save them. 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. 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. It was by far the most exciting thing that had happened at the bank in a while! Anders worried they would turn him away. In all, Anders had collected enough pennies to earn him over $5,000! "We value his business, as we do all of our customers," she said. "I would break a dollar before giving up a penny. So, he paid them for pennies? It has long been said that time is the most valuable commodity. "We value his business, as we do all of our customers," he said. Im not sure exactly, Anders said. 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. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. And as he got older his connection to god only felt stronger for it. He took . This material may not be published, broadcast, rewritten, or redistributed. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. Mutual Fund and ETF data provided by Refinitiv Lipper. "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 hobby turned into an obsession that would consume a lot more of his free time than what his wife like. That was the goal, but I couldnt stop. This means that on an average day, he had collected around 31 pennies. 24/7 coverage of breaking news and live events. All eyes were on the man pulling the trolley behind him. Do Not Sell or Share My Personal Information. "I would never spend a penny,"he said. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs.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. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. I would break a dollar before giving up a penny.. And with hundreds of thousands of coins, perhaps one had a valuable error. . Thats especially true when it comes to coins but only certain kinds of coins. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 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 ! The extra bonus of income came just in time for him to pay a medical bill. But why? How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. "He did likewise with pennies for me.". Anders' coin collecting habit started when he found a penny on the street decades ago. than 45 years ago when he found it on the ground. How would they be able to count all these pennies? ", | Special to The (Monroe, La.) And you think we have the time to count half a million pennies for you? she laughed. Anders and his friends hauled in the containers one by one. "But if we can help Anders with his endeavors, we are happy to do so.". Quotes displayed in real-time or delayed by at least 15 minutes. For Anders, the process of collecting the coins meant more than the money he would make. — -- Otha Anders is a true believer in the phrase a pretty penny. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. The cookie is used to store the user consent for the cookies in the category "Analytics". 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 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. 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. 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. 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. It was a problem that left him devastated. 2023 FOX News Network, LLC. 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. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. 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