Cashing in 17 lbs of Metal Detected Coins at Coinstar. Rejects!!
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- Опубликовано: 30 сен 2024
- I take in about 17 lbs of coins found metal detecting to the local Coinstar for processing. Over 2,000 coins are counted. Rejects of over 100 coins. Options for damaged, mutilated, eroded coins discussed.
"One person's junk is another's treasure"
"Salt" an appropriate area with the junk
coins, then invite a curious child to use
one of your metal detectors to find and
keep some coins . . . Think about it, the
child wins, the hobby wins, and you win.
Cool idea!
Be aware, Coinstar at Walmarts don’t give you the option for Amazon.
poppie: Good to know ... and it makes sense....
Why other places do. That’s where I did mine at Walmart. I guess it competition
I was at the Denver and Philadelphia mint's last year. And according to them it is not illegal to melt or make jewelry from coins you have. Just fyi
I know you can make jewelry, those elongated pennies we find sometimes etc. with US coins but I don't know about melting a significant number of pennies for the bullion value.
Only illegal to melt/destroy if you intend to sell the metal for profit
Thanks this helped alot
At least check for silver coins.
Not illegal to melt copper pennies now or ever
I'm interested. Where did you get your information?
www.federalregister.gov/documents/2007/04/16/E7-7088/prohibition-on-the-exportation-melting-or-treatment-of-5-cent-and-one-cent-coins
@@green594 that's a "Rule" NOT a "Law" ! but thanks for trying. 🤓
Up here in Canada back in 2012, we stopped producing the penny because it was costing 1.3 cents each to produce. How long did it take you to find all those coins? BTW, coinstar should be called corn hole star.
They are still legal tender and can be brought in to any bank😊
Take them to Walmart when they're nice and crusty then spend them in the self checkout.
It will spit them out, too. I tried it already.
Take the rejected coins , and get penny rolls and roll them up, cash them in at bank!
Waste of time.
Yes, something to do while watching TV
That's what I do. They'll take them.
Many banks won't take them. Make sure your banks will accept them before doing this.
@@darkwood777 Done it many times. They don't even check the rolls.
Donate those rejects to a politician if they can't waste it, then it truly has no purpose!
Haha! Perfect
lol 😂
Absolutely not
Thats great
Melt the rejects for the zinc since they're already considered "defaced" currency 😂
You can melt the zinc over a gas stove flame. I used to freak our stoned friends by setting the penny on a steel fork, and holding the fork (with an oven mitt) in the hottest part of the flame until it glowed red, then dashing the red-hot penny against the stove surface, where the thin copper coating would break, releasing molten zinc, which could be easily flaked off the enamel surface when it cooled. I knew someone, who for shts and giggles, melted multiple pennies on the stove to make a shooter marble-sized ball of zinc to carry around and show people
@@birdnird I have a coworker who said he and his brother used to use electrolysis on zinc pennies to extract zinc oxide and use it in home-made fireworks... I must say everything mentioned in this thread thus far sounds dangerous xD
I soak mine in vinegar and salt and they usually clean up good enough to spend
Fun Fact! The US has never minted a penny as pennies were and still are a British coin. When we gained independence, the founding fathers wanted an unalike economy to that of Britains with our own currency, so we had our version of the coin made which is just called a cent or one cent coin.
Well, all our lives we have known them as pennies. But some British people don't like it for some reason.
We also went straight to a decimal system for coins, not like the pounds, shillings, pence, and farthings that the British used.
Use reject coins to buy a nice McDonald meal and let someone take care the damage coins.
Keep a handful of those corroded coins in your pocket and drop a few into tip jars when making purchases. And you can donate them to the Salvation Army red buckets at Xmas time.
I have five gallon buckets. I have one for zinc, one for copper cents, one for nickels and one for dimes, quarters and half dollars. These are all trade units backed by the metals they contain.No need for melting even if it were legal. Melting would devalue the known metal coin alloys. I would love to get this coin lot if I could. People don't know what they have.
That's really cool that you actually clean the coins. I made the mistake of taking a bunch of dirty "metal detecting" coins to my bank a couple years ago...they weren't very happy with me (small town...no coinstar machines around here). I did wash them off, but they were still in pretty rough condition
Just how many cents would you need to save to make it profitable enough to do so? 100,000 cents is only $1,000 and unless you can take them to a smelter that pays over 95% of melter value, the shipping cost itself would eat most of the profits? I once found a roll of cents that alas were all zinc. Nothing more sad than digging up 100 of them, all way too corroded to save 😢
I hate digging zinc pennies but you have to do it. I've found gold jewelry that I swore would be a zinc penny based on the target ID.
They can be used for jewelry or people like the rusty crusty old original stuff put it in a Mason jar and sell the hole jar as a antique rusty coins. Someone would love it I'm sure. Cool video and thanks.
That would be a cool way to dispose of them.
Interesting idea
@@green594Metal detected coins are sold as lots on Ebay and flea markets. I for one would buy them😮😂❤
A good tip of mine is any park i go to and find only zinc penny's tells me that place has already been combed over !
Yes, but there is always the chance they have missed a good one. I found a 1922 quarter in a lot that is scoured over regularly.
I would roll them coins.
1964 silver is (curently) worth about 10 X face value ,a dime is a dollar a quarter is $2.50 cents Don't let it get away
90% silver coins are worth 18x - 21x right now, depending on your local coin shop.
Chào bạn video rất tuyệt vời chúa sẽ phù hộ chúng ta bạn nhé ❤❤❤🎉🎉🎉🎉
The pre 1981 cent is the only US money that is legit and backed by itself in its copper content. In a barter economy with silver being traded, perhaps copper cents will be used to round up or down an exchange.
Yea .. I think it certainly makes sense to hold them when you find them.
The nickle ever since the civil war. Its the only real money coin in circulation .the metalic content has never changed.
1981 and older pennies are only 90% copper.
Roll 'em up in "penny roles" you get from the bank and then turn them in for the big bucks.
I did that years ago. The bank puts the account # on the rolls. They contacted me a few days later and asked what the heck happened to all those coins. Ha!
Big bucks huh? $4 for gas. $30 for a package of chicken. $3 for a 20oz soda. Rent going up $$$$$ "BIG BUCKS"
Those crap Pennie’s work perfectly as fender washers for screwing down hardware cloth for chicken coops. I drill holes in useless Pennie’s and use as washers. Also rejected coins like quarters and half dollars and dimes could be silver. All 1964 and older are silver.
Take the bad coins put them in a rock tumbler with dishsoap two cups water and a handful of silica sand. Let go for a half hour.
Good job in selecting a gift card. Their fees are outrageous!
OH BY THE WAY ALL YOU HAVE TO DO IS GET YOU ANOTHER WINGNUT SNUG THEM TOGETHER AND THEY WILL NEVER GO ANYWHERE. 😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊
You should drive around to gas stations and plop a few at each one in the "take a penny leave a penny" bowls. I'm sure it would help someone when they needed it.
I found this video interesting, from cleaning the coins to getting your Amazon gift card. Thanks for posting.
You can totally melt old pennies down. Just throw in a few bullion pieces to throw the chemistry off.
when we were kids we’d put pennies in coke or lemon juice to clean them up. then try them in the machine again
What year were you born bc no machine that I know of takes pennies, unless your talking about spending then in the self check out machine.
?
@@jasons1769 @ale_mtl is telling what they did as kids to clean coins; maybe these could be cleaned a little brighter with lemon juice. Then the guy can try them in the machine again.
I use Brasso and it does a great job.
@@jasons1769he meant the tumbler.
spend them a few at a time. most cashiers don't even look
True ... I'd have to use cash more than I do now.
Even if they do, it is legal money.
Well that was interesting! Thanks for sharing.
People toss coins into fountains and make wishes,
pennies that can’t be exchange melt them. Bank or machine rejects them
put them into rolls and deposit them into your account
Coin art project
Im sure you picked out the constitutional silver, right? RIGHT? RIGHT!!!
Right!
Some bank have machines that take coins at no cost if you have a account.
I always discard bad zinc pennnies
put the rejects in rolls and bring them to a bank
Melt them into zinc bar's.
Surely your bank will take them.
In the UK, a bank will take them, and the bank of England will even exchange out of circulation bank notes.
The bank isn't too happy about it. Depends on the clerk.
Wrap those crusty coins up and deposit them in your bank account.
Loctite on the wing nut? Maybe Loctite red? Or the generic Harbor Freight versions.
Good advice .. next time.
Just double nut it
It is often hard these days to actually use cash. However, if you make the effort, you can throw in a few of the damaged coins in each purchase although really 120 bad pennies is $1.20. Just throw them in a recycle bin or some other trash container, because it is probably not worth the effort
I agree. Not worth the effort. I hardly use cash anymore anyway.
Well done! I roll my super corroded pennies in with a few decent ones(end caps)and take them to the bank. Not sure if I’m doing anything wrong, but I’m sure the bank has a system to deal with corroded coins
Good idea
@@green594 Actually it's a punk move.
Coin star is a rip off!! They take 10-12% of what you put in them. I take my coins to the local casino; because they know you’ll most likely spend the $ there they charge you zero!
If you have some paper rolls to roll up your pennies, you can turn 100 or 200 pennies in for a few dollar bills. So long as they are rolled up, the teller isn't going to care if they are in good or bad shape. Beyond that, you can use them for exact change on incidental purchases and try to get rid of them a few pennies at a time. I keep all of my Copper pennies, and I even keep Nickels from 2003 and before for their Nickel & Copper content. I don't expect that to pay off in a large way, but I suspect that they will useful in either my future or that of my children.
Surprise that there's not some kind of locking over washer for the wingnut so it doesn't vibrate off easy enough to get one though yeah?
Right ... got one!
i just spend them penny's.
Jesus. 12%??!!?? It used to be 8% which I still think is ridiculous. Roll them up and take them to a bank
Florida coinstar 10%
I was thinking you can give them to the homeless but they might reject them too 🤣
We've metal detected some old homeless camps. Lot of pennies around (among other things).
today i found a £1 coin! and the other day a 50p. also we got that machine at asda near me and sometimes there is coins in the reject bit. i have those
Coo blimey mate
@@jaymartell2967 i know it was good
@@jaymartell2967 i know
salt lemon juice cleaning them
Where are good places to find buried coins?
Pretty much any place where people have been active.
Have fun dropping the trash coins around town on the street in the park jamming parking meters.
Give em to a homeless person.
I've detected some homeless camps in the past. Found lots of pennies ... ha!
Thanks! I have foubd a '92 penny worth over $10,000 maybeyou added another one into cerculation..thanks again!!
Wow that's pretty awesome! If I did put one back in circulation it wouldn't grade very well. Ha!
Is it graded and did you sell it?
What was so special about the penny? Close AM does not bring that kind of money.
Shake’s in white vinegar? Might eat a little more of the gunk …
I make it a point to save the nastiest reject coins and pass them out to the folks looking for spare change in town..they seem to take them no issue
I go to the local casino, no charge...............................just make sure you leave
You need a flat washer an a lock nut to fix your lid problem try it 😊
I always check the reject tray at Wally World when i shop there. Some folks leave the rejects, why I have no idea. Have found silver, good looking coins, and even a gold English guinea along with other foreign coins over the years. Most times though there is nothing, but as long as I am already there why not ?
Wow ... I do the same. Found a merc dime once. Awesome that you once found a gold coin. Congrats!
@@green594 Just about fell over, LOL
Run them through the tumbler a second time, roll them up and deposit it in the bank
Roll those recjects and deposit them.
The reject pennies are fun to take back to a park and scatter them all over the place. Someone else can have the thrill of finding them.
Spend them
Your quarters that were rejected by the coin star most time work in vending machines still you can still just spend them out the British half penny is copper so keep it the rejected zinc penny's if they are readable just roll them and spend them if not just put them somewhere to rot away they will begone after several rains make fishing sinkers or washers out of them that's what I do I used to find lot of clad quarters dimes and nickels that wasn't worth anything but the face value I just put them back in circulation after I washed them off when I came home from metal detecting and spend them in vending machines at work or roll them up and spend the rolls or if I needed a dime nickel or quarter or just change to use at McDonald's or somewhere like that I spend them there when I paid for my stuff
You should learn how to use periods.
Never clean coins
Collectible coins ... yes.
I wonder if a mild vinegar and water solution would make some of them go through the coin star . Probably not worth the effort haha .The only ones I keep separate are the wheat Pennie’s not sure why I haven’t found any worth more than a few cents . I do have one real old one it’s a Indian head 1868 it’s worth a few bucks , no where’s near enough to want to sell it .their getting so hard to find I’ll keep it .
I think vinegar would probably deteriorate those crappy zinc pennies even more.
@@green594 your probably right !
Go to Northern Nevada and look for Gold.
Sounds good to me!
You bought something at harbor freight and it still is working after 15 years, everything I bought there breaks after 15 days.
Ha! Guess I got lucky with this tumbler.
There is a small credit union in Ohio that would let you use the coin counter for free if you had an account with them.
I always take the rejected coins and spread them all over where people metal detect ....they look like chickens picking up feed.... great videos 😂. Small bits of copper wire are also hilarious. Hours of fun watching the person running around looking for something better 😂.
How about using penny wrapper's provided by your bank for free. You can wrap them and deposit or exchange for cash at said bank. I do this at my local Well's Fargo, they have no problems with it.
Use a rock tumbler, they clean the coins MUCH better let it run over night, half full of coins a bit more water than half way, also use borax to help clean them. I use some sort of abrasive, aquarium gravel, very small stones, "pee gravel" very course sand. You have choices. You can not do as many at a time. also you may not have to run over night. Play with it, figure it out...
The reject coins do not look bad compared to the ones found at salt water beaches, some times they are mostly gone and cannot tell it was ever a coin...
Honestly, I think you had a great idea burrying the jar of rejected pennies in a metal detecting hot spot. While it make not be worth alot, someone would get the thrill of finding it.
Please tell me you also look for 1964 and earlier silver coins!
Absolutely!
my coin star does a 5% fee for amazon now it’s so annoying
Oh Man ... that stinks!
Same here.
Oh and I just use a debit card for the coins only...no charge...and then buy my groceries with them lol.
I just roll up my trash penny's and use them at the grocery store. They weight the same as new penny's and work just fine if in paper rolls. Don't waste them.
I keep the corroded pennies in my coin purse. I spend them when checking out at the self service lane at the grocery store. If they don’t work, I will exchange them with the cashier. Then it becomes somebody else’s problem, ha ha! Little by little. I always check the Coinstar reject slot. I’ve gotten very lucky there. 12% is outrageous. I think it’s 7% here but I may be wrong on that one. I don’t use enough coins to worry about it
I agree 12%.....wtf
Great garden fertilizer 😆
Nice job 😊😊😊
Just spend those old pennies & coins. Clerks don't care. I get ripped taped bills all the time.
A 1982- 1983 that is over 3grams is worth much more than 1 cent
I just spend all the coins at businesses as I find them, because they still are legal tender and when those coins go to a bank, they are taken out of service by the bank through the mint.
Maybe another liquid to clean more therly the pennies?????
WOW!
It’s a simple solution, roll the rejected pennies & take them to the bank. The pennies are still money in your pocket.
in Canada we god rid of the 1 cent coin a number of years ago although they still get dug up in the ground daily
You should take a closer look at the 1982 and 1982 d. An error on these coins are worth thousands if you find one.
I just roll them in coin wrappers and take to my bank. No fee .
i collected NZ silver coins in circulation, i will sell them when i retire.
NZ has stopped minting 1, 2, 5 cents,
My friend who is an avid metal detectorist once found a 1793 chain Cent. Unfortunately it is in very poor condition and was only recognizable by a couple of links of chain on the back.
put them in a coin roll and put nice looking coins on the ends and then you get the full face value.