"Anders will inform us on where he wants the cashed-in money to be placed," she said. You also have the option to opt-out of these cookies. He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. Anders worried they would turn him away. (Fox 14) A Louisiana man who collected pennies for almost half a . The manager of Ed's. Im not sure exactly, Anders said. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. Which side of value did they fall under? And with hundreds of thousands of coins, perhaps one had a valuable error. Total Savings. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. RUSTON, La. It may inspire them to start a collection of their own. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. 2023 FOX News Network, LLC. A Maryland Dumping Site Was Actually A Black Cemetery. Part of HuffPost News. "I will always tell the person that if it was a quarter, I would give it back, but since it is a penny, I'm keeping it. But Edmond Knowles did. By clicking Accept All, you consent to the use of ALL the cookies. In the end, Anders was always fair about how he came across his pretty pennies. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. "We value his business, as we do all of our customers," she said. 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.". 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. Cats And Cucumbers: Why Are Cats Afraid Of Cucumbers? It reportedly took five hours for machines to count all the change. This meant that he soon had more pennies than he knew what to do with. NEW YORK (CNN/Money) - Benjamin Franklin once said a penny saved is a penny earned, but he probably didn't think of saving over a million of them. 24/7 coverage of breaking news and live events. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Market data provided by Factset. 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. Anders says he plans to use the cash to help pay a dental bill. 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. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. 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. Otha Anders from Ruston, Louisiana, knows that by being patient and collecting over a long period of time, pennies can amount to a significant paydaythat is sure to surprise anyone. . "I would break a dollar before giving up a penny. 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. They remind him to stay thankful, he says. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. It all just started that one day when he found a penny in the street; he went on to collect more. Disclaimer: All content is provided for fun and entertainment purposes only. He approached the questionable expression behind the desk and asked them to cash his pennies in. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Otha Anders has collected over half a million pennies during the last 45 years. He took . Mutual Fund and ETF data provided by Refinitiv Lipper. Analytical cookies are used to understand how visitors interact with the website. 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. It has long been said that time is the most valuable commodity. Turn on desktop notifications for breaking stories about interest? But his wife couldnt help but question one habit that he had had for the last 45 years. 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. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. For Anders, the process of collecting the coins meant more than the money he would make. Their eyes popped as they took in the sight of the sheer amount of pennies. But when they finally did, the actual amount Anders had saved all these years was incredible! This penny reminded him to give thanks for the small but wonderful things that happen in life. An error in the coin made it extremely valuable, and its value could only keep growing over time. Thats what happened to the owner of a 1943-S Lincoln Wheat penny. "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." I know its a crazy amount but this is a dear collection of mine that I need to cash out. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. These cookies track visitors across websites and collect information to provide customized ads. "But if we can help Anders with his endeavors, we are happy to do so.". However, thats not true for all coins. 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. We also use third-party cookies that help us analyze and understand how you use this website. "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.". "He did likewise with pennies for me.". Anders said he started collecting the coins in the late-1960s. 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. 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. The bank manager was rather surprised to see this old man carting in the water jugs filled with money. 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. And they werent the only establishment to do so. And as he got older his connection to god only felt stronger for it. It has long been said that time is the most valuable commodity. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. "I became convinced that. The coin reminded him to pray and give thanks. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. I wanted the inner satisfaction that God and I acquired this collection.. Believe me, if I had it my way, Id keep these pennies forever. All eyes were on the man pulling the trolley behind him. 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. I would say hes done a lot of collecting over the years.. It was by far the most exciting thing that had happened at the bank in a while! That was the goal, but I couldnt stop. With all the pennies this guy had, he must've been very, very lucky. How many?, the woman asked. They were much heavier than youd think, and not to mention, there were fifteen of them! "If I was at someone's house and I found a penny, I would pick it up and I would keep it," he said. He explained to the outlet the coins hold meaning for him. The trolley wheels squeaked as he walked into the bank. 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. Man cashes in pennies he's been saving for 45 years. This cookie is set by GDPR Cookie Consent plugin. Powered and implemented by FactSet Digital Solutions. This material may not be published, broadcast, rewritten, or redistributed. 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. 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. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. He always made sure that his change had pennies in it. La. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. 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. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. -- 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. Copyright 2012-2023 Social Sweethearts GmbH. Powered and implemented by FactSet Digital Solutions. Cool, isnt it? "But if we can help Anders with his endeavors, we are happy to do so.". And they werent the only establishment to do so. Louisiana man cashes in penny collection to the tune of $5,000. The coin reminded him to pray and give thanks. All rights reserved. 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. Anders sheepishly laughed with her before pleading with her again. 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. One man, Otha Anders, is one of the rare exceptions in this regard because he's picked up every penny that he has ever come across for the last 45 years! 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.For anyone whos trying to work it out, thats $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. 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! The counting and processing of the coins took a total of about five hours, according to the News-Star. I would guesstimate about half a million pennies?. He watched over in-school suspended children and absolutely loved his job. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Finally Cashes Out. 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. 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. But collecting pennies was more than a hobby for Anders. "We value his business, as we do all of our customers," she said. The total came out to a whopping $5,136. The woman behind the counter looked at him in disbelief. 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. 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