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Coin Roll Obtaining/Dumping - Where/When/How Q &a

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Pillar of the Community
CoinHunter53562's Avatar
United States
2049 Posts
 Posted 01/29/2008  09:25 am  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
Change is easy for me to dump. I buy a lot of inventory for my business from Amazon.com and Coinstar doesn't charge a fee if you take your payment in Amazon.com gift certificates.
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That's a good call. I believe they do other gift cards for other online sites as well (Eddie Bauer, Starbucks, iTunes). Otherwise you have to pay something like 8 or 9% so on $500 you lose $40-$45 right off the top.
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SA4H's Avatar
United States
2764 Posts
 Posted 01/30/2008  03:00 am  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
I had an account of with WaMu - Washington Mutual - in a big Metropolitan area; and here's my method of disposing my searched coins:

Ask your bank for a few "coin bags" - plastic bag that you can just dump your coins into, label the bag with your account number (need to have an account with the bank) and the total amount. Carry the bag in, deposit it to your account, your account will get credit right away. They have coin counting machine at the main branch and they will do that latter. Do your count right when you put the coins into the bag and you don't have to worry. No limit on number of bags (1 denomination per bag, x amount of coin per bag capacity) - YES, I told them that I am a coin collector and I search coins to build albums/books.

THEN, go to the ATM or another branch and withdraw your cash.... woila..... no hand rolling/coin machine needed.

Ordering coins: BoA (Bank of America) has more business account, more cash/coins flow, so it's faster to receive the coins after you order them; WaMu is more like a consumer bank and take longer to receive the coins after you order them, since they have less cash/coins flow. I ordered fed boxs - rate of return/keeper coins are pretty much the same (low).
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CoinHunter53562's Avatar
United States
2049 Posts
 Posted 01/30/2008  09:15 am  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
One thing I dont think I mentioned earlier is that when I got done with the half dollars and split up bringing them among 3 branches of the bank I use, they didnt ask if I had an account there (of course 1 was making a deposit but the other two just asking for cash back). It was no hassle at all but I am going to rotate the banks that get the dumped coins of course.
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