A Louisiana man who collected pennies for more than 45 years has now cashed in 513,614 of them. 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! It squeaked and squawked as the wheels turned in pursuit. Who would have thought a penny a day could someday bring you $5k! Bank Vice President Jennie Cole told reporters that it was not a typical day at the bank when Anders rolled in with his collection of pennies on a dolly.Im not sure exactly, Anders said. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. But now, he was about to find out. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated. And that he did, he paid them for the pennies they gave him. You know you see pennies all over. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Anders says he plans to use the cash to help pay a dental bill. So, he paid them for pennies? I wanted to fill five five-gallon water jugs. You also have the option to opt-out of these cookies. 24/7 coverage of breaking news and live events. 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. 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 took his haul to the Ruston Origin Bank. Otha Anders has collected over half a million pennies during the last 45 years. It was by far the most exciting thing that had happened at the bank in a while! Otha Anders started collecting pennies in the late 1960s. A few people have the profitable habit of collecting coins over a long period of time and cashing them in for good money at the end. Thats especially true when it comes to coins but only certain kinds of coins. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. He also started making more and decisions that would give him more pennies. This man had saved pennies for 45 years and just picked them up from the street. Then all day long, you'll have good luck." And his "luck" came in the shape of a cool five grand. -- 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. And they werent the only establishment to do so. It escalated from there. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. This means that on an average day, he had collected around 31 pennies. It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. 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. Total Savings. He took . 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. He watched over in-school suspended children and absolutely loved his job. And with hundreds of thousands of coins, perhaps one had a valuable error. But if we can help Anders with his endeavors, we are happy to do so.. 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. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. This is a staggering number! How would they be able to count all these pennies? 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. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. 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. "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.". The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. 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! 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. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. Published: 10/28/2015 8:46:47 AM. With all the pennies this guy had, he must've been very, very lucky. AREVIK 25.12.2022 1.1k. Necessary cookies are absolutely essential for the website to function properly. "I would break a dollar before giving up a penny.". Could you have the discipline to collect coins for almost 50 years? Otha Anders of Ruston, Louisiana, cashed in a quite a collection of pennies at his local bank earlier this week. And they werent the only establishment to do so. News-Star. Anders said he would be truly remiss if he did not acknowledge his friend, Jack 'Domino Kid' Brown, for helping him with his penny collection. 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Otha Anders turned in a 45-year collection of pennies on Tuesday in 15 five-gallon water jugs. Turn on desktop notifications for breaking stories about interest? "I became convinced that. But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. But why? October 28, 2015 at 10:29 pm EDT. But opting out of some of these cookies may affect your browsing experience. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me always to be thankful," Anders told the Star.From that moment on, Anders picked up every penny he spotted. Then, one day, he decided to turn in the loose change. However, with the help of friends and family,Anders made it to the bank with his tremendous collection. Otha Anders cashed in his giant penny collection. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. Where many people think of wishing on a penny, Otha Anders thinks of praying on a penny! Although Anders didnt have time on his side, he did have volume. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. The cookie is used to store the user consent for the cookies in the category "Analytics". The News Star reports that thehabit was first ignited when he found a penny lying on the ground. https://www.youtube.com/watch?v=Orav4IyjgtE. "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, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. It is said that the world works in mysterious ways, and for Otha Anders and the result of his penny collection, that motto is certainly true ! "But if we can help Anders with his endeavors, we are happy to do so.". I wanted the inner satisfaction that God and I acquired this collection.. Which side of value did they fall under? That first penny, he told the Star, reminded him that life is a gift from God. Copyright 2012-2023 Social Sweethearts GmbH. 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. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. Pennies are small both in size and worth, but as a popular Indiansaying goes, "Drops of water collected eventually become a flowing stream." Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. 'Ve been very, very lucky. `` to coins but only certain kinds of,... 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