Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. 2023 FOX News Network, LLC. AREVIK 25.12.2022 1.1k. The cookie is used to store the user consent for the cookies in the category "Performance". It wasn't easy to transport these jugs to the bank, especially as the total weight was more than 2,800 pounds. Anders, 73, reportedly supervises in-school suspended children for the Jackson School Board. But if we can help Anders with his endeavors, we are happy to do so.. 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! 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, Anders said. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. 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. All Rights Reserved. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. That was the goal, but I couldnt stop. "He did likewise with pennies for me.". Anders and his friends hauled in the containers one by one. This is a staggering number! But now, he was about to find out. Louisiana man cashes in penny collection to the tune of $5,000. Believe me, if I had it my way, Id keep these pennies forever. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. It'll go toward a recent dental bill, the Ruston Daily Leader reported. Total Savings. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. "But if we can help Anders with his endeavors, we are happy to do so.". And you think we have the time to count half a million pennies for you? she laughed. Even though one particular hobby of his raised a few eyebrows. Anders said, I would never spend a penny, I would break a dollar before giving up a penny. When the children he looked after figured out how important pennies were to him, they wanted to contribute. It squeaked and squawked as the wheels turned in pursuit. He took . 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. Man Cashes In 500,000 Pennies Collected Over 45 Years. He looked at lost old pennies on the floor as his very own personal gift from God. The extra bonus of income came just in time for him to pay a medical bill. 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. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. Analytical cookies are used to understand how visitors interact with the website. While he only deposited them when he found. The same with coins that hold an error. (Fox 14). Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. The coin reminded him to pray and give thanks. But why? Total Savings. It may inspire them to start a collection of their own. '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. That is a lot of pennies. Their eyes popped as they took in the sight of the sheer amount of pennies. It has long been said that time is the most valuable commodity. Employees gathered to see the first five-gallon container being counted. This penny reminded him to give thanks for the small but wonderful things that happen in life. Coins made of base metals, such as aluminum, have very little worth. than 45 years ago when he found it on the ground. However, Anders always made sure that every penny that came his way from others was compensated properly. The extra bonus of income came just in time for him to pay a medical bill.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! For over 45 years, Anders had been collecting pennies, storing them in 5-gallon water jugs. But why? And with hundreds of thousands of coins, perhaps one had a valuable error. "I became convinced that. Even over 45 years, its hard to acquire a collection of over 500,000 pennies without a little help. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! 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 wasnt even a little tempted to take the extra cash. 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. They remind him to stay thankful, he says. 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. Hed been saving pennies he found on the street for 45 long years. Its shocking, for sure, he told ABC News. By Christie. "But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. All of the kids love him and he was happy to look after them. The plastic jugs were hacked open by an ax and hammer. The final amount was certainly not small. Otha Anders watches as part of his 45-year-old penny collection is poured into Origin Bank's coin counting machine. And they werent the only establishment to do so. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. It takes four quarters, 10 dimes, 50 nickels, or 100 pennies to equal a dollar. Coins made of base metals, such as aluminum, have very little worth. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. That amount was deposited into his account Tuesday to go toward a recent dental bill. 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. It was by far the most exciting thing that had happened at the bank in a while! 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. Anders had no idea how much money his collection would amount to. 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. This soon became an obsession until he started saving his own pennies for his hobby. I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful, the 73-year-old told the news site. 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. Quotes displayed in real-time or delayed by at least 15 minutes. Mutual Fund and ETF data provided by Refinitiv Lipper. He never knew just how much money he would make. But his wife couldnt help but question one habit that he had had for the last 45 years. This cookie is set by GDPR Cookie Consent plugin. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. It seems like Anders steady patience and consistent well-wishing has paid off for him. You know you see pennies all over. RUSTON, La. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. He was reluctant to give his years of work away, but Anders also said that he has not lost the joy that comes from collecting coins. 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. NEW YORK DAILY . The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". That first penny, he told the Star, reminded him that life is a gift from God. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. . It seems like Anders' steady patience and consistent well-wishing has paid off for him. 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. For over 45 years, Anders hadbeen collecting pennies, storingthem in 5-gallon water jugs. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. How would they be able to count all these pennies? Took his jugs to the News-Star storingthem in 5-gallon water jugs tune of $ 5,000 that happen life. 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