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V18 2015 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 18, Number 44, November 1, 2015, Article 39

LOUISIANA MAN CASHES IN A 45-YEAR CENT HOARD

Howard Berlin forwarded this USA Today story of a Louisiana man who cashed in a 45-year cent hoard. Thanks. -Editor

45-year penny hoard Otha Anders saved his first penny more than 45 years ago when he found it on the ground.

The coin reminded him to pray and give thanks.

"I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders, 73. "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."

Fifteen five-gallon plastic water jugs and half a million pennies later, Anders on Tuesday deposited $5,136.14 into his account to go toward a recent dental bill.

He cashed in the coins to the Ruston Origin Bank, in Ruston, La. After that first coin, Anders said his penny pile began to grow and he ultimately stopped spending pennies and always made sure whenever he made a purchase, his change contained at least three to four pennies.

Bank Vice President Jennie Cole said it was not a typical day at the bank when Anders had his collection of pennies rolled in on a dolly, but Anders is a longtime customer who they wanted to help.

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.

Five of Anders' closest friends and family helped him and bank employees load the coins from the back of a pickup truck into the company's coin room.

During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer.

The pennies were then poured into the coin machine with small plastic buckets.

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.

To read the complete article, see:
Man cashes in pennies he's been saving for 45 years (www.usatoday.com/story/news/nation-now/2015/10/28/man-cashes-pennies-hes-been-saving-45-years/74727160/)



Wayne Homren, Editor

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