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 Replies: 32 / Views: 3,720 |
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Valued Member
 United States
383 Posts |
Quote:
The knowledge he was making you happy is far more rewarding than 91 cents on the dollar from Coinstar. Apparently you can get gift cards from coinstar and they don't take a vig at all. Of this, I was unaware. |
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Pillar of the Community
United States
1121 Posts |
Yeah Kurt, That IS a truely unsearched lot of wheaties!!
What a Great Find! and Good timing before he took them to coinstar!
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Moderator
 United States
189010 Posts |
Quote:
I'm certain that was fair value to him. The knowledge he was making you happy is far more rewarding than 91 cents on the dollar from Coinstar.  That is a part of being family.  |
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Pillar of the Community
United States
2734 Posts |
Quote:
SJUHawks: Cent with an imprint of an 'AR' inside of the outline of the state of Arkansas on it. I asked the guy at the local coin shop and he said that someone was just messing around with it, and it's nothing great. A third party made a "State Cent" imprinted collection in the 1970's, with imprints for each of the 50 states. I saw the complete 50-state set at a coin shop recently. Not worth much, but a bit interesting because it seems almost like a 'foreshadowing' of the official State Quarters that started two decades later. I found a "Lincoln-Kennedy" Cent of the same vintage from circulation. An imprint of JFK was placed to the right of Lincoln, and these were sold with printed cards telling of the coincidences between the two presidents. I am so relieved that all those coins didn't end up in the CoinStar!  I've saved a few jars from CoinStar by offering full face value, which of course beats 91.1 cents/dollar.... |
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Valued Member
United States
117 Posts |
DNA, how did yo "save" a few jars of coins from the coinstar?
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Valued Member
United States
383 Posts |
Quote:
DNA, how did you "save" a few jars of coins from the coinstar? I was wondering this as well. |
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Moderator
United States
189010 Posts |
He prevented them from going into the CoinStar by buying them from the person that was trying to turn them in. |
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Pillar of the Community
United States
2540 Posts |
hemi:
he saved them the indiginity of the counter.
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Valued Member
Canada
159 Posts |
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Valued Member
United States
270 Posts |
Nice find, I had a deal like that once, when I first started-They only happen once then the rest is work, work, work to fill them holes--I forget and lots of $$$$$
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Valued Member
United States
104 Posts |
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Pillar of the Community
United States
2734 Posts |
Quote:
jbuck: "He prevented them from going into the CoinStar by buying them from the person that was trying to turn them in." Exactly! An offer to buy their coins for full face value always beats their getting 91.1¢ per Dollar! The one 'weakness' of the CoinStar concept: Some enterprising joker like me can see someone walking towards the machine with a jar/can of coins, and 'step in' and offer them full face value. Edited by DNA
01/05/2009 7:15 pm
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Valued Member
United States
383 Posts |
I guess my question is how this goes down.
Is it something like this:
"excuse me, I know this sounds creepy, but I'm really a normal guy. Wanna come to my house whilst I count your coins and give you face value for them and save you 8.9%? Sure it'll take 45 minutes instead of the 3 you'll spend here at Coinstar, but your time's not worth that much, is it?"
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Pillar of the Community
United States
2734 Posts |
No, I just count them right there on the CoinStar machine with my portable Coin Sorter (that I keep in my car). http://www.amazon.com/Royal-Soverei...=pd_sbs_op_2The CoinStar machines only accept coins at a certain rate (which is not too much faster than my little hand-cranked sorter!), and a number of people load the coins into the CoinStar too fast and jam the machine. I've bought several jars' worth simply because the users jammed the machine (in these cases I saved them time and gas money, not just the vig!).  Recently, a CoinStar repairman even gave me a 1987 Canadian $1 'Loonie' coin that got stuck in the works. He said that various non-U.S. coins can really do a number on his machines... |
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Rest in Peace
United States
9104 Posts |
The catch with offering faceis is costs more than 9% to wrapa bunch of cents at minimum wage.
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Posted 12/12/2008 10:48 am
