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Replies: 18 / Views: 6,005 |
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Valued Member
United States
497 Posts |
One of the branches I go to says that the silver content coins are spit out of the reject cup. Now I don't know if this is true or not and don't want to risk loosing a silver coin but I dumped off around $500 in dimes and it got full. The lady open the machine and changed the bags. I was amazed. So many halves, (most likely from roll searching), quarters, dimes,nickels,pennies,mixed bags, and even one dollar coin bags! I even saw a 2009 and a 2010 Sac. in there. I am really tempted to buy a bag from them and take out the goodies and search but what if the machines do take out silver? Anybody else tried this or thought about it? 
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Valued Member
United States
83 Posts |
As one who used to work in the veniding machine business and spent many hours dumping bags of change into sorting machines, I have never seen a silver coin rejected, only Canadian quarters. A silver coin will make a distinct sound when run through a hand cranked counting machine, you can hear a silver coin from far away. When I would have to bag quarters, every time a silver one passed through the counting wheel and hit the bag I could hear it ring. I found many silver quarters back then (I don't want to date myself but this was back in the 70's) when there were more silver coins around. I say if the bank will let you buy the bag once it has been filled to the proper value, go ahead and take it home and dump it on the table, if there is silver you will spot it. If you just run change through the machines they use today, you will never hear the sound of a silver coin.
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Pillar of the Community
United States
757 Posts |
wait, are you telling me I can proposition my bank to buy their bags?
I've got a virginia credit union account and they actually use Coinstar machines (with an only 3 percent rate for members) so I didn't even ask, because i'd thought that Coinster company would take the bags, not the bank.
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Valued Member
 United States
497 Posts |
The bags are taken off and hauled into the back I belive to the safe till the armored trucks come to pick them up. The banks around me I know send them off.
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Pillar of the Community
United States
3592 Posts |
I'm not sure about counting machines, but can tell you that some vending machunes reject silver coins. I own a few and have actually had a complaint from one girl because it wouldn't take the silver quarters her pap pap gave her. I'm guessing the weight may have something to do with it
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Pillar of the Community
United States
757 Posts |
andrew, the counting machines you go to...are they coinstar?
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Valued Member
 United States
497 Posts |
I have also never thought about this. But the older soda and snack vending machines probably at one point took them? Hah a girl actualy complained because her quarter didn't go through? Wow people are so needy.
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Pillar of the Community
United States
2150 Posts |
The credit union I use has a coin counting machine but its not a coin star. It looks almost like a washing machine, square, about the same size and you lift a lid on the top to dump the coins. It doesn't charge to use it at my CU but I was told I couldn't purchase the bags that they were sent back to the FED and if I wanted to purchase coins I would have to buy boxes.
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Pillar of the Community
United States
757 Posts |
yeah, but andrew apparently got a sweet little bag of halves from his bank right out of their counting machine!
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Pillar of the Community
United States
591 Posts |
One of the banks I used to bank at had big plastic bags. The sorted and counted this put them in these bags and sealed em waiting for pick up. You could walk in and let them know you wanted a bag of pennies and like a bag of ice they would bring me a $50 bag
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Valued Member
 United States
497 Posts |
Obl. they do not use coinstar. The machine is very similar to how jokingjoker described it.
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Pillar of the Community
United States
687 Posts |
It's all kind of variable - some counting machines will reject silver some won't. Some banks will sell you bags, some won't. You'll all have to experiment and observe in order to figure it out for your banks. I know the TCF's in the Chicago area use counting machines that reject silver (not sure if all of them do, but the little short ones in most of the branches do). They don't separate the coins into bags either, it all gets dumped into a big wheeled box that they probably ship out to be counted and rolled. Those particular machines collect anything magnetic inside and don't usually kick it back out to the reject tray and they can also tell the difference between bronze and zinc pennies. When the tellers go in to service the machines, they'll clean out the internal reject bucket and usually throw out all the coins in there! Most of the Chase and Harris banks in the area use the commercial counters that dump into bags but I've been unsuccessful so far in purchasing the bags. I assume that these counters (which seem more robust) don't reject silver - if they kicked it out I imagine we wouldn't be finding it in rolls. I doubt any of the machines will kick out War Nickels though. They have a similar weight and the same electrical conductivity as regular nickels.
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Rest in Peace
United States
3039 Posts |
My CU told me the same thing as jokingjoker was told about not selling bags. In fact, their counting machine looks exactly like the one he described. (We're in different states). I guess I'll try the grocery stores next.
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Valued Member
United States
368 Posts |
I know for a fact that I have received 2 silver dimes from 2 different people using 2 different vending machines that both rejected silver
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Pillar of the Community
United States
1952 Posts |
most of the US stuff I have found in the reject tray was silver. the rest was feren
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Pillar of the Community
United States
2661 Posts |
I saw a documentary on the tele about Coin Star. They showed that all the coins fall into a pair of hoppers that each weigh approximately 800lbs when full. They are picked up by Brinks, taken to one of their facilities then sorted, rolled, and boxed for shipment. Some how, somewhere, Coin Star gets paid.
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Replies: 18 / Views: 6,005 |