But when they finally did, the actual amount Anders had saved all these years was incredible! This soon became an obsession until he started saving his own pennies for his hobby. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! 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. 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. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Market data provided by Factset. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. But why? "I would break a dollar before I would spend a penny," he said. 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. Which side of value did they fall under? The machine bags had to be changed for every $50. And with hundreds of thousands of coins, perhaps one had a valuable error. 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 would never spend a penny, he said. He had no idea yet, but that effort resulted in a fortune, and it was all for him. "After collecting the copper for decades, Anders deposited his haul on Tuesday to pay for some recent dental work. See a penny pick it up and if you're like this guy who did that for 45 years you could eventually be walking away with a nice chunk of change.literally. How long has Otha Anders been saving his pennies? "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. Otha Anders had been collecting pennies for more than 4 decades and had always put his faith in them as he was a religious man. 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. We could only imagine how many weeks they would have spent on Othas collection if there was no machine to help them count. Anders, 73-years-old at the time, said that it quickly became an incentive to pray and give thanks very often. 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. So, he paid them for pennies? It has long been said that time is the most valuable commodity. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. I would guesstimate about half a million pennies?. Anders worried they would turn him away. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders, 73. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. I would guesstimate about 400-500,000 pennies?. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? Anders collected pennies for 45 years until he had filled up . I never failed to do that. "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.". But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. To Anders, 73, the pennies represent more than a nice pay day. Jul 2, 2018. The cookie is used to store the user consent for the cookies in the category "Performance". This material may not be published, broadcast, rewritten, But collecting pennies was more than a hobby for Anders. '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. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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! 24/7 coverage of breaking news and live events. Scientists Have Linked Selfies To Narcissism, Addiction And Mental Illness, Essential Oils And Brain Injuries: Heres What You Are Not Being Told, Rare Monkeypox Virus Has Started Reappearing, Heres What You Need To Know, Heart Surgeon Speaks Out About The True Cause Of Heart Disease, Kind FedEx Driver Shovels Snow Off Womans Porch When He Learns Her Husband Died, Man Builds A Tiny Blue House At Narrow Alley As Revenge To Stop Neighbors From Using It, I Dont Want To Live Anymore And I Want To Die. Read This First. Guy Who Saved Pennies For 45 Years Just Cashed Out. 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 did likewise with pennies for me.". How many are there?, she asked. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. October 29, 2015 By Coin Update 13 Comments. 2023 FOX News Network, LLC. "I have not spent a penny in 40-plus years. Which side of value did they fall under? 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. Anders had no idea how much money his collection would amount to. So he decided it was time to cash in. 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. Believe me, if I had it my way, Id keep these pennies forever. A Maryland Dumping Site Was Actually A Black Cemetery. That is a lot of pennies. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. Quotes displayed in real-time or delayed by at least 15 minutes. into his account to go toward a recent dental bill. In all, Anders had collected enough pennies to earn him over $5,000! But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. 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"He did likewise with pennies for me." "Whenever I would see a penny, I would always say a prayer of thanks. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. 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. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. Legal Statement. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. 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. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. It seems like Anders' steady patience and consistent well-wishing has paid off for him. But when they finally did, the actual amount Anders had saved all these years was incredible!When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. It took five hours to count the pennies; the plastic jugs were hacked open and then the coins were poured into the coin machine bit by bit. I would never spend a penny, he told the News-Star. It was by far the most exciting thing that had happened at the bank in a while! That amount was deposited into his account Tuesday 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. 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. Market data provided by Factset. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. Part of HuffPost News. The cookie is used to store the user consent for the cookies in the category "Analytics". Every penny he had, he kept. And as he got older his connection to god only felt stronger for it. Most of us eventually find a way to incorporate our nickels and quarters into our shopping sprees but pennies? The process of counting took so much time because the coin bag had to be changed every 20 minutes after it would reach$50. "If I was at someones house and I found a penny, I would pick it up and I would keep it,"he said. How would they be able to count all these pennies? It'll go toward a recent dental bill, the Ruston Daily Leader reported. Im not sure exactly, Anders said. But what was he going to do with his saved money? Anders and his friends hauled in the containers one by one. We value his business, as we do all of our customers, Cole said. Published: 10/28/2015 8:46:47 AM. As it turns out, he knew Anders quite well, Anders was a longtime, loyal customer who never gave them any problems so immediately knew they wanted to help him. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. 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. 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, 73, reportedly supervises in-school suspended children for the Jackson School Board. He approached the questionable expression behind the desk and asked them to cash his pennies in. You also have the option to opt-out of these cookies. It eventually became so much of a hobby that he would deliberately avoid ever spending pennies. 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. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. 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. Powered and implemented by FactSet Digital Solutions. I wanted to fill five five-gallon water jugs. Change for the better: Man cashes in 45-year penny collection worth $5,000. He watched over in-school suspended children and absolutely loved his job. Who would have thought a penny a day could someday bring you $5k! 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