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. 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. He couldnt believe it. Seventy Five Gallons It was by far the most exciting thing that had happened at the bank in a while! He took it as a sign to pray and give thanks. Guy Who Saved Pennies For 45 Years Just Cashed Out. Bank Vice President Jennie Cole said that Anders is a longtime customer whom the bank was happy to help, even though the magnitude of the pennies didnt make for a typical day at work. 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! You have to find 100 of them to get a dollar - it is a lot of work. But he still had some cash left over which he put towards a family trip and church donations. (MyFoxBoston.com) -- Many people save spare change to cash in during rough financial times. An error in the coin made it extremely valuable, and its value could only keep growing over time. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. 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. The cookies is used to store the user consent for the cookies in the category "Necessary". The extra bonus of income came just in time for him to pay a medical bill. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. That is a lot of pennies. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. And as he got older his connection to god only felt stronger for it. Little did he know, just how many gifts he was going to receive. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. By this time, he had acquired over 15 5-gallon water jugs full of pennies, which were over half a million pennies in total! When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. Otha Anders cashed in his giant penny collection. With all the pennies this guy had, he must've been very, very lucky. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! That led to a huge collection, stored in 15 five-gallon, plastic water jugs, adding up to about half a million pennies, which ultimately converted to $5,136.14. These cookies ensure basic functionalities and security features of the website, anonymously. This material may not be published, broadcast, rewritten, or redistributed. "I have not spent a penny in 40-plus years. How would they be able to count all these pennies? "I would break a dollar before giving up a penny". "But if we can help Anders with his endeavors, we are happy to do so.". Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. The same with coins that hold an error. This material may not be published, broadcast, rewritten, He also started making more and decisions that would give him more pennies. Have you ever felt bogged down by the change in your wallet that feels like extra weight that you'll never get rid of? 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. 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! Over a few years, a random collection of coins can amount to a fancy night out or give you the exact amount to buya beautiful outfit. 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. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. Asian-American Affairs Reporter, HuffPost. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. This material may not be published, broadcast, rewritten, or redistributed. The woman stared at him in disbelief. 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. That first penny, he told the Star, reminded him that life is a gift from God. Legal Statement. Anders was hesitant to finally hand in his collection, which he refused to do back in the 1970s, when the government was offering a $25 bonus for every $100 worth of pennies turned in, the News-Star notes. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. 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. The trolley wheels squeaked as he walked into the bank. He had no idea yet, but that effort resulted in a fortune, and it was all for him. He plans to put the money toward a recent dental bill, but he says he hasnt lost the joy that comes with collecting coins. Anders had no idea how much money his collection would amount to. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated,"he told the news outlet. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! The plastic jugs were hacked open by an ax and hammer. How long has Otha Anders been saving his pennies? But collecting pennies was more than a hobby for Anders. Even though one particular hobby of his raised a few eyebrows. By Christie. "I wanted the inner satisfaction that God and I acquired this collection.". Legal Statement. He looked at lost old pennies on the floor as his very own personal gift from God. Your California Privacy Rights/Privacy Policy. Anders sheepishly laughed with her before pleading to her again. But what was he going to do with his saved money? 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. Its shocking, for sure, he told ABC News. The counting and processing of the coins took a total of about five hours, according to the News-Star. 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. This small event set the path for over four decades of Anders looking out for pennies, be it whatever he may have found on the ground or collecting all the pennies after a trip to the grocers. 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. While he only deposited them when he found. 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. "I would break a dollar before giving up a penny.". A Louisiana man who collected pennies for almost half a century finally cashed in Tuesday. Anders kept his pennies in five-gallon plastic jugs. But if we can help Anders with his endeavors, we are happy to do so.. The cookie is used to store the user consent for the cookies in the category "Analytics". Anders said he started collecting the coins in the late-1960s. "I would break a dollar before giving up a penny.". I would guesstimate about 400-500,000 pennies?. Anders and his friends hauled in the containers one by one. 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. The woman gave Anders a long look before calling her manager. 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. "He did likewise with pennies for me." He said Brown could only redeem his nickels with pennies and he could redeem his pennies only with nickels. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. 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Author: Frededreia Willis. Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. "Whenever I would see a penny, I would always say a prayer of thanks. Quotes displayed in real-time or delayed by at least 15 minutes. The cookie is used to store the user consent for the cookies in the category "Other. The final count: 513,614 pennies, which comes to a little over $5,136, Fox 14 reports. -- 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. It all just started that one day when he found a penny in the street; he went on to collect more. This cookie is set by GDPR Cookie Consent plugin. Otha Anders started collecting pennies in the late 1960s. Name in news delivered man who collected pennies for 45 years thing every morning to your inbox functionalities security! 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