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Man Brings 15 Water Jugs Of Coins He Saved For 45 Years Into Bank And Tells Teller To Deposit Them All

  • 4 min read

Man Brings 15 Water Jugs Of Coins He Saved For 45 Years Into Bank And Tells Teller To Deposit Them All

Man Brings 15 Water Jugs Of Coins He Saved For 45 Years Into Bank And Tells Teller To Deposit Them All

Otha Anders, a Louisiana-based educator, had been saving pennies for 45 years. When he felt that it was time, he brought all of them into the bank, shocking the bank tellers after he said that he wanted to deposit them all.

To him, coin collecting was more of a hobby than anything else in the late 1960s. He didn’t do it for the money. Even when the government started a program to pay $125 for every $100 in pennies, he was uninterested in participating. He enjoyed having the collection in his possession.

Anders said that he started seeing pennies as a reminder to stop and say a prayer. In an interview with ABC News, he said, “If I would see a penny when I’m gassing up, on the ground, or in a store, it would be a reminder to stop right there and say a prayer. I never failed to do that. That’s why they had so much value to me.”

Anders never accepted a penny as a gift from anyone else during the course of his penny collecting. He said, “But I never allowed anyone, not even my wife nor children, to give me pennies without being compensated. I wanted the inner satisfaction that God and I acquired this collection.”

Once this ritual became part of Anders’ daily routine, it became more and more important to him. Pennies appeared in his path whenever it became clear to him he was not appreciative enough of his blessings.

He shared, “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.”

Anders gathered coins and put them in large water jugs. His initial goal was to fill up five huge water jugs, but once he accomplished that, he felt the need to keep going. So he continued to fill them. It came to a point that he needed to go to the bank and turn them in or else he’d never do it.

He said, “I wanted to fill five five-gallon water jugs. That was the goal, but I couldn’t stop… If I hadn’t turned them in yesterday, I was not going to stop. ”

Aside from the fact that collecting pennies gave Anders a sense of satisfaction, the pennies he collected also had a substantial financial value. When he learned that his homeowner’s insurance would not cover his collection, he contacted the Origin Bank in Ruston, Louisiana, where he had been a customer for years. Anders let them know that he would be coming in with a large number of pennies.

They expressed that they were happy to help. However, they were shocked to actually see it in person. At the time, he’d filled up 15 5-gallon jugs by the time he finally made it to the bank. The bank’s Vice President Jennie Cole said, “We value his business, as we do all of our customers. But if we can help Anders with his endeavors, we are happy to do so.”

The jars had to be opened with an ax, and the entire process lasted more than five hours. Anders’ coin collection was found to be worth thousands of dollars at the end of the process.