After Saving Pennies For 45 Years, This 73-Year-Old Man Decided To Cash Out
Otha Anders had been picking pennies up off the street for 45 long years. One day, he decided it was time to cash in on his findings. As he wheeled a dolly into the bank, stacked with water jugs full of pennies, everyone stared at him.
They had no idea the small fortune he was about to walk out of the bank with. And he certainly didn't know how much he had, either. We'll learn the grand total soon, though!
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Otha Anders Walked Into A Bank Pulling A Dolly Of Pennies
It had been just a normal day at the bank. Then, Otha Anders walked in, pulling behind him a dolly. Perched on top were water jugs full of coins, pennies he had found on the street and collected throughout the years.
Things had certainly just gotten interesting. The banker just stared at Otha, not entirely sure what to do. So, she asked, "How many are there?" Otha had no idea.
Otha Was A Family Man With A Quirky Hobby
Otha Anders was a 73-year-old family man with a loving wife and children who supported him in every venture. He worked on the Jackson School Board, watching over the children who found themselves in a bit of trouble with in-school suspension.
Otha loved his life, even if his side hobby made people think he was a little quirky.
He Enjoyed Picking Up Pennies
Picking up pennies off the street had gone from being a little something fun to being a fully-fledged obsessive hobby. Otha loved finding the little coins lying on the ground.
To him, it was a reminder to always be thankful for what he had in his life, such as a roof over his head and his family.
The Hobby Had To Do With His Faith
During an interview, Otha explained his hobby, saying, "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful."
"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."
His Faith Was At An All-Time High
Otha had always been a religious man, but his faith had soared to an all-time high in recent years. He believed each penny he found on the ground was a gift from God.
Little did Otha know, but his fortunes were about to soar a whole lot higher when he finally decided to cash in all of his pennies.
One Time Turned Into A 45 Year-Long Hobby
When Otha picked up his first penny off the ground, nothing in him knew that it would be a habit that would follow him for another 45 years. Even so, he started picking up and keeping each penny he found.
Not only that, but he stopped spending his own pennies that would come to him in the form of change! Everything went straight into his collection.
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It Wasn't Just Pennies On The Ground
There was more to the change, though. Whenever Otha purchased something at the store with cash, he made sure the cashier returned his change with at least three to four pennies. The more, the merrier!
It became a quirky habit that stuck with him and helped his penny collection grow throughout the years.
No One Questioned The Quirky Habit
It became such a normal occurrence that Otha's friends and family didn't even question it anymore. They just knew that if Otha was buying something to expect some pennies to come out of the equation.
Little did they know that their friend and family member's quirky habit was about to pay off in a big way.
Otha Didn't Spend A Single Penny
During an interview, Otha discussed his penny obsession, saying, "I would never spend a penny. I would break a dollar before giving up a penny." That is some pretty wild love for pennies!
And when the school found out about his little hobby, more than one person wanted to help.
Even His Students Wanted To Help
When Otha's students found out he collected pennies, they wanted to help. Kids would come up to him with handfuls of pennies, offering them to his growing pile. But, he didn't take them.
According to Otha, he had rules and some principles when it came to his penny collection.
Otha Compensated People Who Gave Him Pennies
When Otha's students came to him with pennies, he didn't take them right away. According to Otha, "I never allowed anyone, not even my wife nor children, to give me pennies without being compensated."
So, it sounds like he actually paid people who gave him pennies! What a funny concept.
He Had 15 Five-Gallon Water Jugs Full
Between the pennies he found on the ground, the change, and the pennies people gave him in order to help with the collection, Otha's penny pile grew higher and higher.
By the time 45 years passed, he had pennies filled to the brim of 15 five-gallon water jugs! He could even begin to guess how many there were.
There Was No Telling How Many Pennies He Had
With 15 five-gallon water jugs filled with pennies, Otha could only guess that there were maybe hundreds of thousands of coins. But, when it came down to it, he really had no idea how many were in the multiple piles.
And he wasn't planning on slowing down collecting pennies anytime soon!
Otha Didn't Want To Stop His Collection
It took Otha 45 years to collect enough pennies to fill 15 five-gallon water jugs. And he was planning on filling many more if he had his way. Unfortunately, the universe had a different idea.
Otha believed he'd amassed a small fortune with his collection. Because of this, he wanted to file it under his home insurance.
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The Home Insurance Company Wasn't Going To Let Him File
The thing is, when Otha went to renew his house insurance to include the penny collection, they turned him away. Otha wanted the home insurance, though. So, he decided it was time to finally cash in his prized collection of pennies.
He really didn't know what to expect when he brought the pennies to the bank.
The Five-Gallon Jugs Could Hold Something Rare
Otha remembered reading a story about someone who cashed in on their coin collection, resulting in a small fortune. But that collection was a wide variety of coins, not just pennies.
Only time would tell how much money Otha had accumulated over the years, though. A collection that would be worth a lot more had he kept it in the family for many more years.
Maybe He Had An Error Penny In One Of The Jugs
If Otha took the time to go through each one of those 15 five-gallon water jugs, he might have found some pretty rare gems hidden amongst all of the pennies, such as the 1943-S Lincoln Wheat penny.
Coins such as that that hold an error are worth a small fortune in and of themselves.
He Didn't Have Time To Look
Not only error coins, but also those that are actually plated in silver, gold, and copper. Over time, these coins go up in value, meaning Otha's collection had the potential of increasing in worth if it was handed down through the generations.
Unfortunately, he wasn't going to have that luxury.
The Chance Of Finding An Error Penny Were Slim
While Otha didn't have time to go through each and every one of his pennies, it was okay. The chances of him stumbling upon a penny with an error were slim to none.
Even so, he did have one thing working for him and that was the sheer amount of pennies he had amassed throughout those 45 years.
Otha Recruited Some Friends To Help
With Otha's mind made up, he now had to figure out how to actually get them to the bank! It was an entirely different issue that he had to think about. Thankfully, he had good friends to help him.
A good thing, too, because those 15 five-gallon water jugs were very heavy!
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Finally, He Was On His Way To The Bank
After Otha and his friends got the 15 water jugs into a truck, he was finally on his way to the bank. Now, it was just a matter of unloading the pennies onto a dolly and wheeling them into the bank to be counted out.
Otha had no clue what the final sum was going to be.
The Banker Had One Question
Rolling the dolly into the bank with the 15 five-gallon water jugs full of pennies on top, Otha got more than a few looks, especially from the banker who was going to help him.
Not entirely sure if she was going to turn him away, Otha was pleasantly surprised when she asked, "How many?"
Otha Had Roughly Half A Million Pennies
The lady stood there, not entirely sure what to do. It was definitely not a normal day in the bank, to say the least! When she asked Otha how many pennies he wheeled in, she was shocked when he said, "I would guesstimate about half a million pennies?"
Half a million!
The Bank Teller Didn't Have Time
With half a million pennies sitting in front of her, the Vice President's answer of "And you think we have the time to count half a million pennies for you?" was kind of warranted.
Who in the world had time to count half a million pennies when there were a lot of other things to do in the workday?
Otha Didn't Want To Be There Anyway
Not knowing what to do in the situation, Otha laughed along with her, even though being there broke his heart.
After a minute, he told the banker, "I know it's a crazy amount, but this is a dear collection of mine that I need to cash out. Believe me, if I had it my way, I’d keep these pennies forever."
The Manager Got Involved
The banker didn't turn Otha away. Instead, she called over her manager to see if there was anything they would be able to do for Otha and his penny collection.
Ironically, when the manager walked out to see what was going on, his face lit up! He actually knew Otha very well.
Otha Was A Loyal Customer
It turns out that Otha was a long and loyal customer of that particular bank branch, and the manager was more than happy to help him count out his collection.
"We value his business, as we do all of our customers," the manager said. "But if we can help Anders with his endeavors, we are happy to do so."
It Took Five Hours To Count All Of The Pennies
Of course, the bank wasn't going to hand count the half a million pennies by hand. They led Otha and his friends over to the coin counting machine. And, with the use of an ax to bust open the five-gallon water jugs, they got to work.
It wound up taking Otha a solid five hours to feed each of the pennies into the machine.
The Total: $5,136.14
After five hours of putting pennies into the coin counting machine, a final sum flashed on the screen. After picking up pennies from the ground for 45 years, Otha had saved a grand total of $5,136.14.
That's a savings of $114.14 per year. That's a lot of money for pennies that were a mere afterthought for most people.
Vacation, Donations, And A Dental Bill Was Paid Off
Otha knew just what he wanted to do with savings, too. After paying off a hefty dental bill that had just been handed to him, Otha brought his family on a nice vacation and also donated some of the money to his church.
It looks like Otha's quirky hobby, patience, and trust in his faith really did pay off!
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