man who collected pennies for 45 years
He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. Market data provided by Factset. The same with coins that hold an error. "I would never spend a penny," Anders 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. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. Legal Statement. Everyone was staring at him.She looked at him in disbelief. He also started making more and decisions that would give him more pennies. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. Necessary cookies are absolutely essential for the website to function properly. After that first coin, Anders said his penny pile began to grow and he ultimately stopped spending pennies and always made sure whenever he made a purchase, his change contained at least three to four pennies. He also always made sure that whenever he made a purchase with cash, his change contained at least three to four pennies. It was by far the most exciting thing that had happened at the bank in a while! 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. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. In total, then, Anders had collected 513,614 pennies in 45 years, or 16,425 days. 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. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. Otha Anders was a 73-year-old who worked with the Jackson School Board. Anders took his haul to the Ruston Origin Bank. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. Anders didnt know that after he picked up his first penny, more would keep appearing through his love. We may earn a commission from links on this page. Seventy Five Gallons Updated: 8:46 AM EDT October 28, 2015 . Breanna Edwards. 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.. Share away, people! Copyright 2012-2023 Social Sweethearts GmbH. However, since his homeowners insurance policy didnt cover the extensive collection, he finally decided to cash in. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. By Christie. Man cashes in pennies he's been saving for 45 years. Photo credit: United News International / YouTube. But what was he going to do with his saved money? "I would break a dollar before giving up a penny.". How many?, the woman asked. Anders sheepishly laughed with her before pleading to her again. They remind him to stay thankful, he says. 2023 FOX Television Stations, from WED 8:00 PM PST until THU 10:00 AM PST, Willapa Hills, from THU 4:00 AM PST until FRI 4:00 AM PST, West Slopes North Central Cascades and Passes, from THU 4:00 AM PST until FRI 10:00 AM PST, West Slopes North Cascades and Passes, from THU 4:00 AM PST until FRI 4:00 AM PST, East Slopes of the Washington Cascades, from THU 12:00 AM PST until THU 1:00 PM PST, Lower Columbia and I - 5 Corridor in Cowlitz County, from THU 4:00 AM PST until THU 10:00 PM PST, West Slopes South Central Cascades and Passes, from WED 11:00 PM PST until THU 8:00 AM PST, Western Whatcom County, Western Skagit County, Admiralty Inlet Area, FOX13 News | Seattle & Western Washington | Formerly Q13 News, Idaho murders: Bryan Kohberger leaks a 'huge issue' with 'potential to compromise' prosecution, lawyer warns, Idaho student murders suspect Bryan Kohberger could face death by firing squad under proposed law if convicted, Deputies: Theft suspect caught after GPS tracker hidden in stolen items, I didnt realize: Woman mistakenly eats heart-shaped chip that could have won her 100K, Armed suspects impersonate federal officers, rob elderly woman in Pierce County home, 'I wanted to be the best teammate'; First woman appointed as fire chief in King County, West Virginia governor signs new carry bill, allowing for guns on public college, university campuses, Prince Harry and wife Meghan asked to vacate royal home in UK. Which side of value did they fall under? 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. Which side of value did they fall under? A lot of us dont really mind the coins in our pocket, especially the ones with the smallest values but there are those who have proven that even the smallest coins can bring in a lot of cash; although youve got to spend decades to collect a lot to actually give you that much money! He had saved pennies for most of his life a whole 45 years. His quirky hobby turned out to be a brilliant reminder of how much little things matter. An error in the coin made it extremely valuable, and its value could only keep growing over time. All rights reserved. 2023 FOX News Network, LLC. RUSTON, La. 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. How many were in there? Anders said he started collecting the coins in the late-1960s. The pennies were then poured into the coin machine with small plastic buckets. "If I would see a penny when on the ground, in the hallway, on the floor, or anywhere, I would automatically and invariably a prayer of thanks and I'd say, well this is God's way of reminding me that I should always be thankful," he told reporters. "I would break a dollar before I would spend a penny," he said. It reportedly took five hours for machines to count all the change. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. But Edmond Knowles did. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. They were much heavier than youd think, and not to mention, there were fifteen of them! Anders sheepishly laughed with her before pleading with her again. 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. But Anders says that he would never accept a penny from anyone, even his family, without giving them something in return. Employees gathered to see the first five-gallon container being counted. The coin reminded him to pray and give thanks. 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. 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. Total Savings. But he still had some cash left over which he put towards a family trip and church donations. 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. Little did he know, just how many gifts he was going to receive. This cookie is set by GDPR Cookie Consent plugin. 73-year-old Otha Anders worked as a supervisor on the Jackson School Board. 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. 2023 BuzzFeed, Inc. All rights reserved. Do Not Sell or Share My Personal Information. Then, one day, he decided to turn in the loose change. Author: Frededreia Willis. 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. Anders loved his pennies, they were his prized collection. Otha Anders has collected over half a million pennies during the last 45 years. 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. 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. 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. ", | Special to The (Monroe, La.) La. NEW YORK DAILY . So, he paid them for pennies? The total came out to a whopping $5,136. I would never spend a penny, he said. -- A Louisiana man recently cashed in hundreds of thousands of saved pennies, rolling them to the bank on a dolly after collecting them for more than four decades. 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. Total Savings. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. The half million pennies Anders collected amounted to $5,136.14 in cash.The bank where Anders cashed in his change told the Star they were more than happy to help the longtime customer, though it took more than 5 hours for a machine to count through the change.Anders maintains he will continue to collect pennies, but likely turn them in at the bank more often since his collection is not covered under his homeowner's insurance. It was a reminder to me to always be thankful," he added. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. He couldnt believe it. To Anders, 73, the pennies represent more than a nice pay day. 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. Its shocking, for sure, he told ABC News. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. Anders worried they would turn him away. Anders said he has truly enjoyed looking at his penny collection to the extent that in the 1970s, when the U.S. government offered a $25 bonus for every $100 worth of pennies turned in, he refused to cash in his collection. "I have not spent a penny in 40-plus years. 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 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. 50 nickels, or 100 pennies to the bank in Ruston it extremely valuable, and its could! Cash left over which he put towards a family trip and church donations, or 100 pennies to a. 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