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Replies: 22 / Views: 7,028 |
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Pillar of the Community
United States
1626 Posts |
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 |
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87% |
33 Votes |
| Yes. Most people look for old coins before cashing in |
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3% |
1 Votes |
| Who cares |
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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
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Valued Member
United States
458 Posts |
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 
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Member
United States
1154 Posts |
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.
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Pillar of the Community
 United States
1626 Posts |
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
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Pillar of the Community
United States
986 Posts |
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.
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Valued Member
United States
208 Posts |
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.
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Valued Member
United States
173 Posts |
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.
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Pillar of the Community
United States
986 Posts |
My local banks won't take coins unless they're rolled.
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Pillar of the Community
United States
1327 Posts |
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.
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Pillar of the Community
United States
547 Posts |
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.
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Rest in Peace
United States
2884 Posts |
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
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Pillar of the Community
United States
772 Posts |
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.
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Bedrock of the Community
United States
20753 Posts |
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.
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Bedrock of the Community
United States
14454 Posts |
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
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Pillar of the Community
 United States
1626 Posts |
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
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Pillar of the Community
United States
1840 Posts |
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.
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Replies: 22 / Views: 7,028 |