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Question For All The Coin Roll Hunters

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Germando's Avatar
United States
22 Posts
 Posted 01/31/2012  09:14 am Show Profile   Bookmark this topic Add Germando to your friends list Get a Link to this Message Number of Subscribers
The biggest challenge I have with roll hunting is getting rid of all the coins since no banks in my area have a cointing machine, and it takes me forever to reroll everything. Coinstar in this area charges 9.8%, but only if you get a cash voucher. Has anyone dumped at coinstar and used the paypal option? Does it credit your paypal account? Just wondering as this would bypass all fees and just make you wait 2 days until it transfers.


G
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asyrp43's Avatar
United States
97 Posts
 Posted 01/31/2012  09:28 am  Show Profile   Bookmark this reply Add asyrp43 to your friends list Get a Link to this Reply
Another option(although I haven't used it) is to get a gift card from the coinstar machine. I know of people who get Home Depot gift cards and there are no fees for this service. You get 100% back on a gift card.

I reroll mine and it doesn't take me very long. But I understand if you dont want to take the time to do it. I bought the preformed wrappers. The are already shaped in a tube instead of being flat. They are ALOT easier to roll than the flat ones. I got 1000 of them from staples on sale for $10.
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asyrp43's Avatar
United States
97 Posts
 Posted 01/31/2012  09:31 am  Show Profile   Bookmark this reply Add asyrp43 to your friends list Get a Link to this Reply
Also...others on the forum have told me this(BadThad maybe?) that if you reroll your coins and take them back to the bank they can't complain about exchanging them for a new box of pennies. The bank isn't out anything.
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 01/31/2012  09:43 am  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
There's a Paypal option? Occasionally I use the Amazon option, but it takes me a while to use up $500 in Amazon credit. It should be possible to transfer the Paypal thing back to your bank account, though it would be a pain.
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mariospaghetti's Avatar
United States
421 Posts
 Posted 01/31/2012  09:51 am  Show Profile   Bookmark this reply Add mariospaghetti to your friends list Get a Link to this Reply
Hmm I will have to see if my coinstar has a paypal option and if it gives me full amount to it, I can always use it for my ebay purchase which I have a few coming up I will need to pay for.
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biggfredd's Avatar
United States
9104 Posts
 Posted 01/31/2012  10:55 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
if you reroll your coins and take them back to the bank they can't complain about exchanging them for a new box of pennies. The bank isn't out anything.


Unless you filled the rolls with worthless foreign coins or pipe.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 01/31/2012  11:22 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
If you use a PayEnemy debit card, you get 1% back.
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asyrp43's Avatar
United States
97 Posts
 Posted 01/31/2012  11:25 am  Show Profile   Bookmark this reply Add asyrp43 to your friends list Get a Link to this Reply
That's true biggfredd. But I think most people on here are honest. Although I have thought about making a full roll of canadian pennies and turning them in. But that wouldn't be very nice to the person who ends up with it.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 01/31/2012  11:30 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
I will have to see if my coinstar has a paypal option and if it gives me full amount to it


Also, does PP get 3%?
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Jayman931's Avatar
United States
2651 Posts
 Posted 01/31/2012  12:00 pm  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
I don't see how it takes "forever" to re-roll coins...I have a tube that has a line that marks where 50 cents stack up to....While I am searching through my coins the ones I don't want I put in the tube. When it hits the line I pour the tube in a empty roll. I then mark the rolls with "x's" so I know I don't get them back at a later date from the bank.

I used to weigh each roll (I keep copper) to make sure there were the correct amount in the roll but I have stopped after my first box when every roll was spot on.

My bank lets me exchange my searched rolls for new ones. I don't order boxes because they normally have more than I can search on hand.

Good Luck
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fioti's Avatar
United States
4212 Posts
 Posted 01/31/2012  12:29 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
Home Federal insists on loose. No rolls.
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mycrob's Avatar
United States
2602 Posts
 Posted 01/31/2012  12:31 pm  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
You can get wrappers for free from banks- they usually have them if you ask for them
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pman860507's Avatar
United States
784 Posts
 Posted 01/31/2012  1:28 pm  Show Profile   Bookmark this reply Add pman860507 to your friends list Get a Link to this Reply
My bank takes the coins back. guess I'm glad they have a counter.
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ArrowsAndRays's Avatar
United States
1657 Posts
 Posted 01/31/2012  1:44 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list Get a Link to this Reply
The Coinstar at the Shaw's (large New England supermarket chain) in Salem NH has a store gift card option with no fee.
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biggfredd's Avatar
United States
9104 Posts
 Posted 02/01/2012  07:23 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
I think most people on here are honest.


The fact that you or I are honest doesn't mean anything if the bank has been ripped off before.
Bedrock of the Community
United States
20753 Posts
 Posted 02/01/2012  09:29 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
Also...others on the forum have told me this(BadThad maybe?) that if you reroll your coins and take them back to the bank they can't complain about exchanging them for a new box of pennies. The bank isn't out anything.


Quote:
Home Federal insists on loose. No rolls.

By me too B.O.A. and Chase only take loose coinage. And they how have instituted a policy of when you bring in bulk coins, they are placed in a plastic bag and sent somewhere for counting. If you do not have a buisness that deals with coins, there is a charge for that service. If they are in rolls, all rolls must be opened by that place that counts them and again, there is a charge for that service.
All results are placed into your account in that bank. No account, then they send you a check for the amount counted minus the counting fee and also the mailing of the check fee.
They all say that bulk coinage is anything you bring in that would take a teller time to count.
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