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. All of the kids love him and he was happy to look after them. It does not store any personal data. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. This material may not be published, broadcast, rewritten, Anders and his friends hauled in the containers one by one. 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. Ruston resident Otha Anders started saving his first penny more than 45 years ago when he found it on the ground. 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. But what about Anders coins? 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. All Rights Reserved. His quirky hobby turned out to be a brilliant reminder of how much little things matter. Anders took his haul to the Ruston Origin Bank. Five of Anders' closest friends and family helped him and bank employees load the coins from the back of a pickup truck into the company's coin room. ", | Special to The (Monroe, La.) He looked at lost old pennies on the floor as his very own personal gift from God. It took the bank over 5 hours to count the money and thats through a machine! You have to find 100 of them to get a dollar - it is a lot of work. The 73-year-old had a family of his own. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. And you think we have the time to count half a million pennies for you? she laughed. He approached the questionable expression behind the desk and asked them to cash his pennies in. It was actually his religion that started the penny collecting. The cookie is used to store the user consent for the cookies in the category "Performance". Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. "I wanted the inner satisfaction that God and I acquired this collection.". Your health is important to us. Coins made of base metals, such as aluminum, have very little worth. Coins made of base metals, such as aluminum, have very little worth. It was a problem that left him devastated. However, Anders always made sure that every penny that came his way from others was compensated properly. Otha Anders, 73, does. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. 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. "We value his business, as we do all of our customers," he said. It was a reminder to me to always be thankful," he added. He walked into the bank, rolling a dolly behind him. While he only deposited them when he found. Legal Statement. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. This cookie is set by GDPR Cookie Consent plugin. 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. 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. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. Share away, people! Anders loved his pennies, they were his prized collection. An error in the coin made it extremely valuable, and its value could only keep growing over time. The extra bonus of income came just in time for him to pay a medical bill. Its shocking, for sure, he told ABC News. Anders and his friends hauled in the containers one by one. He took . 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. "Anders will inform us on where he wants the cashed-in money to be placed," she said. And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. Anders kept his pennies in five-gallon plastic jugs. But if we can help Anders with his endeavors, we are happy to do so.. 2023 FOX News Network, LLC. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he added. But his wife couldnt help but question one habit that he had had for the last 45 years. 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. He approached the questionable expression behind the desk and asked them to cash his pennies in. It was by far the most exciting thing that had happened at the bank in a while! This man had saved pennies for 45 years and just picked them up from the street. 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. And they werent the only establishment to do so. 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. "Whenever I would see a penny, I would always say a prayer of thanks. 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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. All rights reserved. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? It all just started that one day when he found a penny in the street; he went on to collect more. 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. To him, it was a small and simple quirky habit but over time, it didn't look so small anymore. This penny reminded him to give thanks for the small but wonderful things that happen in life. He couldnt believe it. Cool, isnt it? "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated, Anders told the site. 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. NEW YORK DAILY . Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. 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! But if we can help Anders with his endeavors, we are happy to do so.. Otha Anders started collecting pennies because he became "convinced that spotting a lost or dropped penny was an . I would guesstimate about 400-500,000 pennies?. You've successfully subscribed to this newsletter! Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Anders said he started collecting the coins in the late-1960s. He had no idea yet, but that effort resulted in a fortune, and it was all for him. Then, one day, he decided to turn in the loose change. But when they finally did, the amount Anders had saved all these years was incredible! 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. 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. 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. 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. Change for the better: Man cashes in 45-year penny collection worth $5,000. I know its a crazy amount but this is a dear collection of mine that I need to cash out. I would never spend a penny, he told the News-Star. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. 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How many?, the woman asked. "I would never spend a penny," he told the Star. It seems that this small habit was a touching way for Anders to strengthen his relationship with God. Wow. By Christie. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. But collecting pennies was more than a hobby for Anders. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? 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. than 45 years ago when he found it on the ground. 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. 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