man who collected pennies for 45 years

The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. 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! Cole said a machine counted the coins that saves much time, and Origin Bank's part is to help get the pennies counted, so Anders can get to his destination. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". It'll go toward a recent dental bill, the Ruston Daily Leader reported. When he finally took his collection over to the bank, tellers were staggered by the amount he had saved. "I would break a dollar before giving up a penny. Everyone was staring at him.She looked at him in disbelief. Their worth is even less still if the government issuing the coins no longer exists. That amount was deposited into his account Tuesday to go toward a recent dental bill. Anders says he plans to use the cash to help pay a dental bill. Copyright 2012-2023 Social Sweethearts GmbH. Otha Anders cashed in his giant penny collection. Anders was able to put his money to good use and spend it on a dental bill that had just been issued to him.It was a happy coincidence that he found himself with more money just as an expensive bill landed in his lap. It all just started that one day when he found a penny in the street; he went on to collect more. I never failed to do that. The hobby turned into an obsession that would consume a lot more of his free time than what his wife like. 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 explained to the outlet the coins hold meaning for him. "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated," he said. Anders is a beautiful example of how all of us can learn to be thankful for the small things. As the years passed, Anders continued to collect his pennies until he successfully filled fifteen five-gallon plastic water jugs with nothing but pennies. Although Anders collection contains mostly modern pennies, its crazy to think that if he held onto those coins long enough, theyd soon bring him a fortune as big as a million dollars! Cole said the bank will then send the pennies off to the FDIC, and the bank will receive their credit for them. 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. Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. Photo credit: United News International / YouTube. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. The News Star reports that thehabit was first ignited when he found a penny lying on the ground. Otha Anders started collecting pennies in the late 1960s. Even though one particular hobby of his raised a few eyebrows. 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. "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. The two men could only redeem their preferred coins with an exchange; Anders got a penny for a nickel and vice versa. 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. While that might not really be much if you count the years, it was already a huge sum considering he was just collecting pennies. 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. 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. And with hundreds of thousands of coins, perhaps one had a valuable error. Which side of value did they fall under? The extra bonus of income came just in time for him to pay a medical bill. Thats especially true when it comes to coins but only certain kinds of coins. 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. Coins made of base metals, such as aluminum, have very little worth. 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 they werent the only establishment to do so. Back in 2015, he had to finally cash them in becausehis homeowners insurance policy no longer covered his pennies, and he needed some extra cash. Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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. After 45 years of saving the coins and storing them in five-gallon jugs, he wheeled his collection in on a dolly to see how much he had. He started collecting pennies in the early 1970's. He would just find them and save them. Breanna Edwards. It seems like Anders steady patience and consistent well-wishing has paid off for him. Man cashes in pennies he's been saving for 45 years. Studies have shown that gratitude is a sure-fire way to a path of greater happiness in life. In the 1970s, when the government was offeringa $25 bonus for every $100 worth of pennies turned in, he still refused to cash in his collection, as per USA Today. I wanted the inner satisfaction that God and I acquired this collection.. A Maryland Dumping Site Was Actually A Black Cemetery. 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. All rights reserved. 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. I know its a crazy amount but this is a dear collection of mine that I need to cash out. He took . Anders and his friends hauled in the containers one by one. You know you see pennies all over. "Jack saved nickels as I saved pennies and every nickel that passed through my hands I would save for him," he said. But now, he was about to find out. Could you have the discipline to collect coins for almost 50 years? Their eyes popped as they took in the sight of the sheer amount of pennies. AREVIK 25.12.2022 1.1k. 24/7 coverage of breaking news and live events. Our content is created to the best of our knowledge, yet it is of general nature and cannot in any way substitute an individual consultation by your doctor. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. 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. You have to find 100 of them to get a dollar it is a lot of work. Otha Anders, a 73-year-old from Ruston, Louisiana, has been collecting pennies for more than 45 years, ABC News reported. While he only deposited them when he found. But his wife couldnt help but question one habit that he had had for the last 45 years. Thats why they had so much value to me., If his homeowners insurance policy hadnt stopped covering the pennies, Anders says there wouldve been no turning back. However, Anders always made sure that every penny that came his way from others was compensated properly. To Anders, 73, the pennies represent more than a nice pay day. It was actually his religion that started the penny collecting. We value his business, as we do all of our customers, Cole said. How many?, the woman asked. Anders and his friends hauled in the containers one by one. This man had saved pennies for 45 years and just picked them up from the street. As a supervisor for in-school suspended children for the Jackson School Board, Anders said his students learned about his penny fascination and would save them up to sell to him. In the end, Anders was always fair about how he came across his pretty pennies. But once his penny pile began to grow, he became more and more obsessed.So compelling was his idea that penny's represented a god-given gift that he ultimately decided to stop spending pennies himself. 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. I know its a crazy amount but this is a dear collection of mine that I need to cash out. The counting and processing of the coins took a total of about five hours, according to the News-Star. "I became convinced that spotting a lost or dropped. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! It seems that this small habit was a touching way for Anders to strengthen his relationship with God. Then he took his jugs to a bank in Ruston, Louisiana to cash them in. The total came out to a whopping $5,136. Any penny he receives as change or anything he finds in his walks, he puts inside the 5-gallon water jugs. The woman behind the counter looked at him in disbelief. "He did likewise with pennies for me.". But as he speculated, he remembered reading about a coin collection that resulted in a fortune for the owner. Specifically, coins made of precious metals like gold, silver, platinum, palladium, and even copper fluctuate in value over time but generally become more valuable. He also started making more and decisions that would give him more pennies. Out to a path of greater happiness in life know its a crazy amount this! 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