A North Carolina man collected a $1 million prize after a misplaced Powerball ticket turned up at the bottom of his wife's purse.

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Terry Peace, 65, of Waynesville, told North Carolina Education Lottery officials he bought his $2 ticket for the Jan. 4 drawing from I Market on Barber Boulevard in Waynesville.

He turned the ticket over to his wife to check alongside some other lottery tickets, but the ticket ended up forgotten for a week.

"My wife found it in her pocketbook," Peace said. "I guess when she initially reached in to check the tickets she just missed that one."

The lost-and-found ticket matched all five white balls in the drawing, earning a $1 million prize.

"This is life-changing," he said. "How many people really win a million dollars?"

Peace said the win is exciting, but not necessarily that surprising.

"I've always had good luck," he said. "I always told people, 'I know I have the luck to win.'"

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Peace said the money will go toward buying a new truck, bolstering his savings account and providing a good future for his grandchildren.

"We just can't put into words how happy we are and how appreciative we are," Peace said.