Breanna Edwards. Could you have the discipline to collect coins for almost 50 years? He took it as a sign to pray and give thanks. You've successfully subscribed to this newsletter! 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. 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. Anders had no idea how much money his collection would amount to. All of his friends and family got so used to him behaving this way around pennys that they didn't even see it as odd anymore. He would just find them and save them. October 29, 2015 By Coin Update 13 Comments. It may inspire them to start a collection of their own. 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! This material may not be published, broadcast, rewritten, or redistributed. A Maryland Dumping Site Was Actually A Black Cemetery. Anders sheepishly laughed with her before pleading with her again. 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. Anders worried they would turn him away. 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. Change for the better: Man cashes in 45-year penny collection worth $5,000. 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! Quotes displayed in real-time or delayed by at least 15 minutes. It reportedly took five hours for machines to count all the change. It does not store any personal data. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . He probably would have kept his obsession up if he hadnt figured out some when he had to renew his home affairs. "Anders will inform us on where he wants the cashed-in money to be placed," she said. For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. 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. To Anders, 73, the pennies represent more than a nice pay day. All rights reserved. It was a problem that left him devastated. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. 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 pennies were then poured into the coin machine with small plastic buckets. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. This website uses cookies to improve your experience while you navigate through the website. But after collecting the one cent pieces for 45 years, you could have amassed a . Guess Who Her Dad Is. 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. 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. Which side of value did they fall under? '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. 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. That was the goal, but I couldnt stop. Total Savings. Wow. Anders' coin collecting habit started when he found a penny on the street decades ago. Otha Anders started collecting pennies in the late 1960s. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. This material may not be published, broadcast, rewritten, But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. But now, he was about to find out. They were much heavier than youd think, and not to mention, there were fifteen of them! Photo credit: United News International / YouTube. I know its a crazy amount but this is a dear collection of mine that I need to cash out. 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. 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. Copyright 2012-2023 Social Sweethearts GmbH. "I would never spend a penny," Anders said. Analytical cookies are used to understand how visitors interact with the website. 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. An error in the coin made it extremely valuable, and its value could only keep growing over time. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Guy Who Saved Pennies For 45 Years Just Cashed Out. Legal Statement. They remind him to stay thankful, he says. I wanted to fill five five-gallon water jugs. 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. But the amount he eventually managed to collect was staggering. This meant that he soon had more pennies than he knew what to do with. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. Their eyes popped as they took in the sight of the sheer amount of pennies. 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! "I would never spend a penny," he said. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. The woman behind the counter looked at him in disbelief. 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. "I became convinced that spotting a lost or dropped. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. The counting and processing of the coins took a total of about five hours, according to the News-Star. Published: 10/28/2015 8:46:47 AM. 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. 2023 BuzzFeed, Inc. All rights reserved. And they werent the only establishment to do so. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? "I would break a dollar before giving up a penny.". However, Anders always made sure that every penny that came his way from others was compensated properly. 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. Man saves coins for 45 years, cashes in over $5,000 in pennies. https://www.youtube.com/watch?v=Orav4IyjgtE. "I have not spent a penny in 40-plus years. The total came out to a whopping $5,136. 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 73-year-old has some modest plans to spend his money. All eyes were on the man pulling the trolley behind him. Asian-American Affairs Reporter, HuffPost. La. By clicking Accept All, you consent to the use of ALL the cookies. The manager of Ed's. than 45 years ago when he found it on the ground. The cookies is used to store the user consent for the cookies in the category "Necessary". Louisiana man cashes in penny collection to the tune of $5,000. Its shocking, for sure, he 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. 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. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. Anders took his haul to the Ruston Origin Bank. 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. The same with coins that hold an error. It was by far the most exciting thing that had happened at the bank in a while! Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Necessary cookies are absolutely essential for the website to function properly. 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. But if we can help Anders with his endeavors, we are happy to do so.. Anders said, I would never spend a penny, I would break a dollar before giving up a penny. When the children he looked after figured out how important pennies were to him, they wanted to contribute. But what was he going to do with his saved money? Then he took his jugs to a bank in Ruston, Louisiana to cash them in. Photo credit: United News International / YouTube. This penny reminded him to give thanks for the small but wonderful things that happen in life. They were much heavier than youd think, and not to mention, there were fifteen of them! He had no idea yet, but that effort resulted in a fortune, and it was all for him. 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. Thats especially true when it comes to coins but only certain kinds of coins. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. 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. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. Anders worried they would turn him away. 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. The woman gave Anders a long look before calling her manager. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. But Edmond Knowles did. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. 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. Anders said he started collecting the coins in the late-1960s. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. Your California Privacy Rights/Privacy Policy. 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. Powered and implemented by FactSet Digital Solutions. 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. Though he reached out to the bank to notify them about the pennies, the bank's senior vice president Ryan Kilpatrick told the outlet he was shocked at the actual number. He always made sure that his change had pennies in it. His quirky hobby turned out to be a brilliant reminder of how much little things matter. (Fox 14) A Louisiana man who collected pennies for almost half a . However, with the help of friends and family,Anders made it to the bank with his tremendous collection. He walked into the bank, rolling a dolly behind him. But now, he was about to find out. If I hadnt turned them in yesterday, I was not going to stop.. 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. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Powered and implemented by FactSet Digital Solutions. into his account to go toward a recent dental bill. Senior vice president of the Origin Bank in Ruston, Louisiana, Ryan Kilpatrick said that they were not prepared for such a huge amount to come rolling through their bank. He started collecting pennies in the early 1970s. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. 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. "I would break a dollar before I would spend a penny," he said. He also started making more and decisions that would give him more pennies. Market data provided by Factset. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? The coin reminded him to pray and give thanks. Employees gathered to see the first five-gallon container being counted. RUSTON, La. I would break a dollar before giving up a penny.. 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. "He did likewise with pennies for me.". 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