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Rerolling Coins

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 18 / Views: 2,951Next Topic Page 2 of 2
Valued Member
United States
195 Posts
 Posted 07/15/2009  8:27 pm  Show Profile   Bookmark this reply Add Rollhunter1994 to your friends list
I used to hand count them. It takes FOREVER to hand count two boxes of cents. Now I fill a plastic tube that holds exactly 50¢ in it, then I fill up a paper roll with the 50¢. Its A LOT quicker.
Pillar of the Community
United States
2521 Posts
 Posted 07/15/2009  8:36 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list
I use banks coinstar...except for half dollars. I roll rhe halves and cash them in at another bank. the bank with the coinstar is the one I order halves from.
Pillar of the Community
United States
1151 Posts
 Posted 07/15/2009  8:51 pm  Show Profile   Bookmark this reply Add collect4fun to your friends list
What is the percentage that Coinstar takes?
Pillar of the Community
United States
1231 Posts
 Posted 07/15/2009  8:52 pm  Show Profile   Bookmark this reply Add onejinx to your friends list
Coinstar typically hits you for 8 or 9 cents on the dollar
Pillar of the Community
United States
532 Posts
 Posted 07/15/2009  9:22 pm  Show Profile   Bookmark this reply Add RFB to your friends list
You want the actual branch locations I go to?

I have accounts with several different banks but what is more important is to open a busniess account. Fargo, and Bank of America both offer these services for dropping off coinage in large bulk.

The business account is what lets you just dump everything off in bags. They never even check the contents. I imagine down the road if there were an issue they do have my info and access to my account to make a correction if needed. But has never happened.

Another important factor to having everything smooth with your relationship at the bank is to mind your self when picking up or dropping off. You dont have to go out of your way , but dont drop off bags with duct tape covering holes or sloppy written displays. Dont try walking in with a wheel barrow and make a fool of yourself.

A small handtruck like the ones used for luggage is best. Stack 6 bags per trip and you can be in and out without causing a scene or making the bank regret having you for a customer. 4-6 bags is a clean and stable stack that should accomodate enough roll searching volume for most anyone.
Pillar of the Community
United States
3098 Posts
 Posted 07/15/2009  9:27 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list
huh... where in California are you?

oh... so you have the business account? That's why it's free. Otherwise, it's $8
Valued Member
United States
61 Posts
 Posted 07/16/2009  12:37 am  Show Profile   Bookmark this reply Add Greckel to your friends list
The banks here have courtesy counters that aren't run by tellers. Thus it is really easy to dump massive amounts of coins, take the receipt, and hand it to the teller.
Pillar of the Community
United States
532 Posts
 Posted 07/16/2009  01:23 am  Show Profile   Bookmark this reply Add RFB to your friends list
Hey doctor- it hurts when I do this!

Doctor- well then stop doing that!

---------------------

Open a business account.
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United States
56855 Posts
 Posted 07/16/2009  07:59 am  Show Profile   Bookmark this reply Add John1 to your friends list
I hand count and put into wrapper, I go through about ten rolls a day so it's no big deal to wrap the rejects. I put all the coppers loose in the box that the rolls come in until I have 2500 in it then close it up and put it away.
John1
Pillar of the Community
United States
2541 Posts
 Posted 07/16/2009  08:53 am  Show Profile   Bookmark this reply Add Gothic Florin to your friends list
In NJ I dump them at TD bank's Penny Arcade.
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1026 Posts
 Posted 07/16/2009  2:08 pm  Show Profile   Bookmark this reply Add Brucec to your friends list
RBF you must have some bank that will take that volume of coins back.

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1882 Posts
 Posted 07/16/2009  3:38 pm  Show Profile   Bookmark this reply Add steve199 to your friends list
BOFA gives me plastic bags for bulk dumping of coins. Personal account (not business), but I am a regular customer at that branch.
Pillar of the Community
United States
2541 Posts
 Posted 07/17/2009  10:20 am  Show Profile   Bookmark this reply Add Gothic Florin to your friends list
Thanks for the idea on the business account. I could really up the amount I'm searching through with that. What kind of fees do banks charge for the business accounts?
Valued Member
United States
104 Posts
 Posted 07/17/2009  1:34 pm  Show Profile   Bookmark this reply Add MArainman to your friends list
When I get a box, I push out the coins with a pencil, sort through them and put them back in the roll. I've lived in New England all my life and have never seen a courtesy coinstar in a bank. My current bank won't accept more then a couple coins outside of a roll.
Pillar of the Community
United States
3098 Posts
 Posted 07/17/2009  1:36 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list
I think for Wells Fargo a business account is free if you keep a constant $2500 in it.
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