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 Replies: 10 / Views: 2,141 |
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Pillar of the Community
United States
513 Posts |
Poll Question
What do you usually do with the coins after you've finished hunting through them and kept the keepers?
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Pillar of the Community
 United States
513 Posts |
I Coinstar my cents and sometimes some others, and choose the Amazon gift card option. The rest I roll and deposit into my bank account. |
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Pillar of the Community
United States
4333 Posts |
The last few years I've re-rolled and get cash back immediately.
I avoid depositing, which may amount to a few thousand at a time, to avoid a SAR to investigate "structured depositing". Not sure if my method even gets around a suspicious activity report.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
4809 Posts |
Mostly get boxes and return them in the same boxes CWR to the same bank. Dump banks are a good idea especially if your volumes are large. Otherwise, my bank easily issues my searched coin in the 2-3 weeks it takes me to go through the current batch.
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Pillar of the Community
United States
818 Posts |
I always roll my coins and cash them, but the average American would probably hoard all their change in a jar and then dump it all at their bank.
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Valued Member
United States
108 Posts |
I voted "Bank coin counter deposit"
Although I haven't deposited any yet, I plan on ordering a bunch of penny boxes to last me a while and then dumping the ones I have. Right now I have $150 in pennies waiting to be dumped.
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Moderator
 United States
189053 Posts |
Spend them. I do not search as much as I used to search, so this is much easier for me than it sounds.
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Pillar of the Community
United States
6130 Posts |
Cents: Coinstar for a git card. Too many keepers to roll as I go, and not worth an hour to get the $20-25 back.
Nickels: Roll them as I go, then cash/deposit. I keep all of my nickels from pocket change in a jar, and those replace any keepers. That way, I never even count the nickels I'm rolling.
Dimes: Don't search. I did one box and rolled as I went, then ran out of wrappers and dumped the rest in a coin jar.
Quarters: Don't search.
Halves: Roll up most to deposit, and keep some to spend for fun. I put them all in a looong stack, and count 2 at a time until I have a roll's worth. Takes about 30-45 seconds per roll, which is better than the hassle of having a $500 coinstar gift card!
Dollars: Ditto with halves.
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Pillar of the Community
 United States
5828 Posts |
I only use the Walmart CoinStar, I think they only charge me 8.6 cents per dollar. I only do cents. |
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Pillar of the Community
United States
513 Posts |
CotW, if you choose gift cards (like for Amazon.com) at the CoinStar, there is no fee and you get dollar for dollar for the coins you dump. Then register the gift card at Amazon.com and it deposits the money into your Amazon account for the next time you order anything from Amazon. Edited by Garoyn
06/12/2015 2:17 pm
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Pillar of the Community
United States
5208 Posts |
Quote:
I avoid depositing, which may amount to a few thousand at a time, to avoid a SAR to investigate "structured depositing". Not sure if my method even gets around a suspicious activity report. Gotta keep it under $4K but I'm sure the banks and the gubment are already watching anyways even if you do under $4K. Just take a look at the banking law a year or 2 ago where you can't deposit cash into someone elses account (such as your child who is away at college 2K miles away and needs money for books) Drug cartels are not depositing $50 in peoples accounts to launder it. They are hiding it in cars and semi trucks millions of dollars per trip. Like everything else it looks good on paper but only hurts the honest citizens. Edited by jack jeckel
06/12/2015 9:24 pm
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Replies: 10 / Views: 2,141 |
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Posted 06/07/2015 10:43 am
