Coinstar

[Roller]

I have been re-cycling my pennies through Coinstar and somehow I always feel short changed. Are these machines calibrated/checked by any authority or is accuracy left up to the owner? I know that bank bag pennies always have dimes in them (that's a miscount). How does it work anyhow? How do you get a Coinstar machine if you want one?

[lineop3]

I don't know if you can buy one or not but I had ask if I can buy some coins from them when they came to collect, and I was told I had to pay $5,000 for the lot.
Maybe that'll give you an idea of what you might pay one x 2.

Aisha

[jfines69]

The machine checks coin size and senses metal makeup to ensure only legal coins go in... It will sometimes reject perfectly good coins that's one of the reasons I will not use them again... I'd rather give the bank teller something to do on a busy day... Count out 10,000 LCs'... LOL... If you know how much you went in with then you can calculate to make sure it is correct!!!
Jim

[Radarcoin]

A couple of our bank branches have coin processing machines, similar to Coinstar. If you have an account, there is no charge to dump your coins, take the receipt to a teller, and either deposit into your account, or get cash back. If not a bank member, they charge a 5% processing fee. I'm not sure what Coinstar charges.

Bob
Radarcoin

[Cdiddle]

Radarcoin, that is the same with my banks here that have coin machines.

[Roller]

I pay 8 1/2% to Coinstar. I just can't justify spending the time to wrap pennies. I have not yet gotten up the nerve to bring 10,000 coins to a teller to deposit. I suppose they would stop selling me bricks. I don't think they will take that much loose change anyway. My concern is that on top of teh near 10% charge with Coinstar, the machine also shorts me. If anyone knows of a bank in South Florida that has a coin machine, I would sure like to know. I'll open an account tomorrow (Monday, anyway).

[car10]

I pay 8 1/2% to Coinstar. I just can't justify spending the time to wrap pennies. I have not yet gotten up the nerve to bring 10,000 coins to a teller to deposit. I suppose they would stop selling me bricks. I don't think they will take that much loose change anyway. My concern is that on top of teh near 10% charge with Coinstar, the machine also shorts me.

Why not buy the bricks from one branch and return the re-wrapped coins to a different branch of the same bank? By doing this you reduce the risk of getting your own coins back and you are not charged any fees or being short-changed. It has worked for me.