Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Royal Estate Auctions - $1 Coin Auctions300,000 items to help build your collection! Coin, Banknote and Medal Collectors's Online Mall Vancouvers #1 Coin and Paper Money Dealer








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Does Coinstar Make You Go Crazy?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 22 / Views: 7,028Next Topic
Page: of 2
Pillar of the Community
Tpatna's Avatar
United States
1626 Posts
 Posted 10/23/2006  8:57 pm Show Profile   Bookmark this topic Add Tpatna to your friends list Get a Link to this Message Number of Subscribers
Poll Question
I'm not sure if CoinStar is Nation wide, however here in AZ we have CoinStar machines in most of our grocery stores. (CoinStar is a machine that will cash in your change and take a %). I was at the store today and saw someone dumping a huge coffee can of half dollars in it and I wanted to tackle him and say "STOP...Let me look through those coins"

So my poll is: Do you think most people sort though their coins before they cash them in?



Results

No. Most people dont sort though their coins 87% 33 Votes
Yes. Most people look for old coins before cashing in 3% 1 Votes
Who cares 11% 4 Votes

Poll Status: Locked
Total Votes: 38 Counted
Last Vote: 11/22/2006 01:28 am
Edited by Tpatna
10/23/2006 8:59 pm
Valued Member
CiScO's Avatar
United States
458 Posts
 Posted 10/23/2006  9:15 pm  Show Profile   Bookmark this reply Add CiScO to your friends list Get a Link to this Reply
I don't use them--My girls always just wrap 'em up then I just give 'em to BOA--they instantly deposit the amount into whatever account I request
Member
laxmaster92's Avatar
United States
1154 Posts
 Posted 10/23/2006  9:18 pm  Show Profile   Bookmark this reply Add laxmaster92 to your friends list Get a Link to this Reply
Same here. I don't use them. If there is a Commerce bank near you they have machines that you can use for free and they take out no percentage.
Pillar of the Community
Tpatna's Avatar
United States
1626 Posts
 Posted 10/23/2006  9:29 pm  Show Profile   Bookmark this reply Add Tpatna to your friends list Get a Link to this Reply
Oh I don't use them either...in-fact I loathe them. It just makes me crazy when I see someone else using them. I always wonder what good coins they are dumping. I would like to own one, so I could sort through them all
Pillar of the Community
fengk's Avatar
United States
986 Posts
 Posted 10/23/2006  9:40 pm  Show Profile   Bookmark this reply Add fengk to your friends list Get a Link to this Reply
I search through lots of rolls, and it's gotten to the point where I'm far too lazy to re-roll so many coins. So, I use coinstar whenever I have around a hundred bucks of change, and the fee is worth it for me. If you've got connections with the grocery store manager, you can probably look through the coins and replace them with coins of equal face value.
Valued Member
United States
208 Posts
 Posted 10/23/2006  10:05 pm  Show Profile   Bookmark this reply Add RangerXLT8 to your friends list Get a Link to this Reply
CoinStar takes money from you. Take change to a bank and they do it for free. My bank(Commerce Bank of NJ) has machines that are free, sorts your coins and then spits out a receipt, which then you take to the teller and deposit or cash it. MAkes ya wonder what kind of valuable coins have been poured into these machines.
Valued Member
ducky1100's Avatar
United States
173 Posts
 Posted 10/23/2006  10:08 pm  Show Profile   Bookmark this reply Add ducky1100 to your friends list Get a Link to this Reply
My local Credit Union has a coin counter that deositers may use for free. I would NEVER pay a fee to have someone count my loose coins. I'll do it while watching a football game on the idiot box.
Pillar of the Community
fengk's Avatar
United States
986 Posts
 Posted 10/23/2006  10:15 pm  Show Profile   Bookmark this reply Add fengk to your friends list Get a Link to this Reply
My local banks won't take coins unless they're rolled.
Pillar of the Community
djluster's Avatar
United States
1327 Posts
 Posted 10/23/2006  10:39 pm  Show Profile   Bookmark this reply Add djluster to your friends list Get a Link to this Reply
I use a coin star machine when I am in a hurry and just finish looking throuhg a lot of rolls of pennys, nickel, and Dimes. I don't use it if am cashing in anything bigger then those just because it cost so much. But most of the time I will wrap my coins and take them back to one of the banks I go to. I usally get rolls from one bank and return them to another that way I never search the same rolls.

Also to anwser your poll. There are alot of coin it will not take. I knowalot of time it will not take my wheats I have to incert them so I think alot of old coins will just be rejected.
Pillar of the Community
ChristinaM's Avatar
United States
547 Posts
 Posted 10/23/2006  11:09 pm  Show Profile   Bookmark this reply Add ChristinaM to your friends list Get a Link to this Reply
Tim, that might have been me that you were about to tackle ...I don't look through any coins that I get in everyday change. I save 'em and then take them to the coin counting machine at the local bank (which does it for free) and then take the cash to buy other coins.
Rest in Peace
Mike's Avatar
United States
2884 Posts
 Posted 10/23/2006  11:51 pm  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
Quite a racket to me. It's like paying at an ATM to get at your own money. If you go to your own bank they normally do not charge any fee's. I suspect that most folks doing this are not collectors. Mike
Pillar of the Community
United States
772 Posts
 Posted 10/24/2006  09:00 am  Show Profile   Bookmark this reply Add jdheyne to your friends list Get a Link to this Reply
My bank does not want rolled coins, because they end up ripping them out and counting them anyways. So they will do the counting for free.
Other banks around will only take rolled change and not give you the option to count it with the.

There has been only one time I have noticed a CoinStar machine at a grocery store. They are not all that popular here.
Bedrock of the Community
United States
20753 Posts
 Posted 10/24/2006  12:05 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Some people are just stupid. We have those coin accepting machines around here also. There is one in a grocery store near here called Jewel. It is about 500 feet from 2 banks that will take and do take change. Yet I've seen people dump cans of coins in the machine at the store and loose a % doing that. However, there are some banks around here that have certain charges for accepting raw coins (in a bag, box, can, etc.) One bank I go to will charge for any coins over $100 but if you deposit it in an account it is free. Another bank will not accept coins at all unless they are deposited into an account. Most of the banks around here will not accept rolled coins. I purposely opened accounts in about 15 different banks just to play safe with such things. Another thing I noticed is unless you make over $10 in interest in an account, many banks will not report it to the IRS. This is in the Chicago land area and we have more banks around me than grocery stores I think. One of the things I do periodically is buy a $50 bag of pennies (cents for the nuts that are particular to terminology) look through them and take the residue (unused coins) back to another bank.
Sure wish there was some way of convincing people to let me have their coins in cans, boxes, jars, etc and I'll take them to a bank when I'm done looking through them.
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 10/24/2006  12:24 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
My bank will not take rolled coins and they have a machine that counts change like a coinstar and they do not charge either, you just take them the buckets of change you have aquired and they dump it into the machine and they either give you cash or they deposit it into your account so I have never used a coin star machine, but if I had to guess I would say that probably 75% of people that use them never search their change before using them and I am just going by all the stuff the teller at my local bank has to show me when I go there that they have picked out of the counter machine they have there (which is quite a bit of cool coins considering its in a small town) and not alot of people bank there considering we have 4 banks in a city with about 35000 people in it and probably alot dont even know they have the machine. It spits out the foreign coins so there is usually some pretty cool foreign coins they have to show me when I am there but you would be suprised at all the silver coins and old copper coins they find as well
Pillar of the Community
Tpatna's Avatar
United States
1626 Posts
 Posted 10/24/2006  12:27 pm  Show Profile   Bookmark this reply Add Tpatna to your friends list Get a Link to this Reply
Do you guys think, most people look for old coins before they dump them, or do most people just cash in? All I know, when I saw that person dumping a 5 lbs coffee can full of half dollars, I could just not stop wondering if any were silver.....

Tim
Pillar of the Community
snowman's Avatar
United States
1840 Posts
 Posted 10/24/2006  2:09 pm  Show Profile   Bookmark this reply Add snowman to your friends list Get a Link to this Reply
I just got back into collecting over the last year or two. Before that I never looked through my change. Fortunately I save spare change for my vacation fund, so I had 60 pounds of coins waiting for me when I picked up the hobby again.

As far as people searching their change, the less people that do, the more that's left circulating for me.
  Previous TopicReplies: 22 / Views: 7,028Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.33 seconds to rattle this change. Forums