It's always been a 9.8% fee, but I like the idea of gift card. A local supermarket chain offers such an offering. With their prices, it's probably a smart move. :)
@QuietSundayLibrary I just had so much change, I didn't have the time to wrap them in coin rolls, and deposit them. Now, I'll just do things this way, as it was a LOT easier this way.
You give the voucher to the customer service desk of whatever establishment you are currently in. They will cash the amount you're owed. The only bad part is, there's a 9.8% fee taken out. When you have too many coins to roll up, this alternative works well. (Some places will have 100% payout on certain items, like store gift cards.)
I tried Coinstar for the first time today. I usually go to the bank to have coins cashed in, but I'm a curious gal & I always like trying new things. I watched your RUclips Coinstar video before I went to Wal-Mart & used their Coinstar machine so that I was prepared. I ended up with around $52.10. The machine rejected 33 cents. Three dimes & three pennies. I liked using the Coinstar machine! It was neat! To me, it was fine that there was a tax. It's nice sometimes to have alternatives to banks.
I miss the $2 bills. Fun to watch a kid try and figure out what's happening, when you hand them one at the register. :) (I've heard stories, but I'd keep those, being so rare nowadays.)
I used to do that, but every time I came to the bank with a box of rolled coins, I'd get this "We're about to be robbed" look from people. Perhaps if I used this see-through container instead.....they'll think it's TNT, with my luck. :P
ah, that was useful, I was wondering what those were for, my father called em garbage and thieves, I thought you put your coins and then get a slip of how much you put in and then given to charity ??? this has given me a good understanding of the machine and might one day use it. thanks for the upload!
Glad to be a help. I know there's the 9.8% fee, but when there's way too many coins, it's pointless to roll them up. Take the hit, and if there's a special gift card offer you can use, go for it, as those tend to be 100% payouts.
It is nice to see that you got $114 but in Canada we also have $1 and $2 coins! so One time I got up to $200 in coins!!! How do you feel about 200 Bucks laying around.... LOL
The only gift card option around this area are Shaw's, and I'm hearing they are closing a lot of stores, so who knows? (The one in Groton will close, either on their own, or when the Market Basket in Littleton opens around the Summer.)
@Multiheatfan3 $128.75 was in the box. $127.51 the machine counted. $1.24 it rejected. (that he could have dumped back in to re-try before collecting the voucher.) 12.76 it kept as a fee for counting and a voucher for $114.74 redeemable at the cashier for cash or groceries.
I recall seeing these in supermarket chains as early as 1990-91. I never understood why someone would collect an exorbitant amount of change and then tote bags of said chain to the store (it always appeared fairly awkward to me). Now I know.
@georgef551 Sure, I understand, and that's why it pays to own a CoinStar, many folks opt for convenience. I would at least cherry-pick them first. I hold my fingers like a roll grip lengthwise, with a little shake coins align on edge. Pinch-lift the large, like quarters, then nickles, pennies, and you're left with dimes. While they're on edge glance at the color. Cherry-pick dimes & quarters with no copper stripe, and dark pennies. With a bit of practice, your box takes ten minutes.
You paid them 11 bucks to have them give you back 3 quarters and four pennies and some paper. Not to mention the pre-1978 pennies are worth more in copper weight. And if you dropped a solid silver quarter, that's like 3 bucks in silver-weight. So the time you save rolling your own vs. the maul-machine only makes sense if your hourly wage is like $98/hour. And if you put in a double-struck cent, they give you .9¢ for a $200 value coin. I am too efficient to use a Coin-Star.
Still, if you do that, YOU don't pay that percentage. But if you don't find a gift card or e-certificate you want to exchange for, you can still roll and count the coins up...
$13 dollars to use that machine it said... wow ...how many SILVER dimes and quarters came out at the bottom (pre 1965 change) ? I have like $50 in real silver coins people FORGOT so coin star work for me too !
It's sarcasm. One person I watch uses "VERY EXCITING!" for his videos, but I think he means it. I, on the other hand, use "ACTION-PACKED ADVENTURE!" when it's boring, but a small clique may enjoy it.
Just to throw in my two cents (pardon the pun), but I took my coins to the bank today and the counting machine I used there cost me nothing at all. The catch is you have to be a member of this bank (BB and T) and the coin total must be less than 25 dollars. If it's over 25 dollars, it charges a 5 percent fee.
I take it Coinstar has a deal with those companies that have gift cards, and probably pays Coinstar a fee, either a flat rate, or a percentage of what's converted over. There's no way Coinstar does that for nothing.
it does, you just have to have bank account with them... some of them ask if you have account and you say yes, most of the time they don't ask for your card to see if you lying or not.
yep, if you ever want to do this again, i'm speaking to every body, use coinmax. it does the same thing as coin star, but it is owned by consumers, not the business. the owners can make there own percent cost. this one was 9.8% i will be bying one soon and make the percent %5.4 so you wont have to pay as much!!!
Same here. As for the "h8rs", if their comment is lower than the IQ of a 1-week old fetus, it gets deleted. There's not many of those that were made here.
Really? If you had a Coinstar machine that does e-certificates or gift cards, you could cash in all that change and put it on one of those, to avoid that 9.8% surcharge. BTW, the surcharge is how Coinstar makes money, if you opt for a cash voucher. How can they make money if they DON'T charge that 9.8%? Explain that to me.
It's not laying around, after doing this. ..lol.
Yeah, I get what you're saying. It adds up quickly, doesn't it?
It's always been a 9.8% fee, but I like the idea of gift card. A local supermarket chain offers such an offering. With their prices, it's probably a smart move. :)
@QuietSundayLibrary
I just had so much change, I didn't have the time to wrap them in coin rolls, and deposit them. Now, I'll just do things this way, as it was a LOT easier this way.
I love using coinstar. Always noisy but hey at least I'm getting some cash!
You give the voucher to the customer service desk of whatever establishment you are currently in. They will cash the amount you're owed.
The only bad part is, there's a 9.8% fee taken out. When you have too many coins to roll up, this alternative works well.
(Some places will have 100% payout on certain items, like store gift cards.)
You know it is cheaper to roll up the change and give it to the bank you get 100% back
How on God's green Earth did I end up here?
The link showed up as related, you clicked on the link, the video played.
Hey, you asked. :)
I tried Coinstar for the first time today. I usually go to the bank to have coins cashed in, but I'm a curious gal & I always like trying new things. I watched your RUclips Coinstar video before I went to Wal-Mart & used their Coinstar machine so that I was prepared. I ended up with around $52.10. The machine rejected 33 cents. Three dimes & three pennies. I liked using the Coinstar machine! It was neat! To me, it was fine that there was a tax. It's nice sometimes to have alternatives to banks.
Convenience for a price. Sometimes, it's worth it, when things get out of hand.
I miss the $2 bills. Fun to watch a kid try and figure out what's happening, when you hand them one at the register. :)
(I've heard stories, but I'd keep those, being so rare nowadays.)
I used to do that, but every time I came to the bank with a box of rolled coins, I'd get this "We're about to be robbed" look from people.
Perhaps if I used this see-through container instead.....they'll think it's TNT, with my luck. :P
ah, that was useful, I was wondering what those were for, my father called em garbage and thieves, I thought you put your coins and then get a slip of how much you put in and then given to charity ??? this has given me a good understanding of the machine and might one day use it. thanks for the upload!
Amazing how it adds up, isn't it?
You can actually put the 'bad coins' back in the feeder before you press done and it should accept them the second time around.
People look, and move on.
These are usually placed in very visible areas, for safety.
Those pennies during and prior to WWII are rare, and valuable....
CONSPIRACY!!
lol
Glad to be a help. I know there's the 9.8% fee, but when there's way too many coins, it's pointless to roll them up. Take the hit, and if there's a special gift card offer you can use, go for it, as those tend to be 100% payouts.
I actually cycled the bad coins through 3 times. A couple ultimately did get accepted.
You, sir, win with epic idea.
Banks do have similar machines, but a DYI setup? I'd use that!
It is nice to see that you got $114 but in Canada we also have $1 and $2 coins! so One time I got up to $200 in coins!!! How do you feel about 200 Bucks laying around.... LOL
The only gift card option around this area are Shaw's, and I'm hearing they are closing a lot of stores, so who knows?
(The one in Groton will close, either on their own, or when the Market Basket in Littleton opens around the Summer.)
You're lucky. If my bank had those, I'd do that there as well.
@disney8wiz
The pile was too big, so I opted for this.
@lebrex
I had waaaaaay too much. I let get out of control. :)
There are not much on the way of offers where I am, but I have generally noticed the same thing, somewhat.
just used it today got $105
Watermellon_flavored_toe _ must of been a cool feeling
Looks fun except for the fee and it seems a little slow. You had a fair amount of quarters.
@disney8wiz
This was a lot worse. I'm thinking of heading back to coin rolls again, so I can keep the 9.8% I have.
thats nice video
10%....coinstar loves people like you.
@Multiheatfan3
$128.75 was in the box.
$127.51 the machine counted.
$1.24 it rejected. (that he could have dumped back in to re-try before collecting the voucher.)
12.76 it kept as a fee for counting
and a voucher for $114.74 redeemable at the cashier for cash or groceries.
I recall seeing these in supermarket chains as early as 1990-91. I never understood why someone would collect an exorbitant amount of change and then tote bags of said chain to the store (it always appeared fairly awkward to me). Now I know.
watching this 5 years from then lol
@georgef551 Sure, I understand, and that's why it pays to own a CoinStar, many folks opt for convenience. I would at least cherry-pick them first. I hold my fingers like a roll grip lengthwise, with a little shake coins align on edge. Pinch-lift the large, like quarters, then nickles, pennies, and you're left with dimes. While they're on edge glance at the color. Cherry-pick dimes & quarters with no copper stripe, and dark pennies. With a bit of practice, your box takes ten minutes.
I've seen funnel-shaped ones that work well. Foxwoods Casino uses something of that nature.
Shaw's allows you to do the same. Might go that route, but then again, I use this to add to savings.
COIN-star.
The bills come after cashing the voucher.
That was a small haul. I've had that thing filled with nearly $300 in coins twice.
@Multiheatfan3
No, if you donate it all to charity, yes, if you keep it, about 9.8%.
The coins runneth over, so this was easier to do.
You paid them 11 bucks to have them give you back 3 quarters and four pennies and some paper. Not to mention the pre-1978 pennies are worth more in copper weight. And if you dropped a solid silver quarter, that's like 3 bucks in silver-weight. So the time you save rolling your own vs. the maul-machine only makes sense if your hourly wage is like $98/hour. And if you put in a double-struck cent, they give you .9¢ for a $200 value coin. I am too efficient to use a Coin-Star.
Still, if you do that, YOU don't pay that percentage. But if you don't find a gift card or e-certificate you want to exchange for, you can still roll and count the coins up...
I never kept track. When the container is either full, or starts to fail, it's cash-in time.
$13 dollars to use that machine it said... wow ...how many SILVER dimes and quarters came out at the bottom (pre 1965 change) ?
I have like $50 in real silver coins people FORGOT so coin star work for me too !
Where is the action-packed adventure part?
It's sarcasm.
One person I watch uses "VERY EXCITING!" for his videos, but I think he means it. I, on the other hand, use "ACTION-PACKED ADVENTURE!" when it's boring, but a small clique may enjoy it.
Just to throw in my two cents (pardon the pun), but I took my coins to the bank today and the counting machine I used there cost me nothing at all. The catch is you have to be a member of this bank (BB and T) and the coin total must be less than 25 dollars. If it's over 25 dollars, it charges a 5 percent fee.
I wanna use one of these things but they always seem so loud I'd feel like everyone is staring >.
If you want certificates to certain locales, you get it for free as well. I would like the free cash-in just because, like your guyd have down there.
.....or the pile grows so fast, that coin rolling is just an obsurd time vampire.
Sure, some banks have a similar machine, but mine don't.
that is a lot of pennies...
If my bank had a machine, I'd go that route as well. Coin rolls are tedious.
As for the change, it just piles up over time.
I take it Coinstar has a deal with those companies that have gift cards, and probably pays Coinstar a fee, either a flat rate, or a percentage of what's converted over.
There's no way Coinstar does that for nothing.
Some around here do that. I might go for it.
it does, you just have to have bank account with them... some of them ask if you have account and you say yes, most of the time they don't ask for your card to see if you lying or not.
They were, even when I was thin as a rail.
your right. gift cards are exempt from the fee. i did this to get a Stop and Shop card.
I guess you were paying attention.
:D
If my banks had machines to count them, I'd do it that way.
@airplanegod
Lots of overtime, and lots of missed opportunities to control it.
In Indiana they don't charge you any fees.
Lucky you. :D
I got a bunch of old coins of that nature, and they're not going anywhere.
yep, if you ever want to do this again, i'm speaking to every body, use coinmax. it does the same thing as coin star, but it is owned by consumers, not the business. the owners can make there own percent cost. this one was 9.8% i will be bying one soon and make the percent %5.4 so you wont have to pay as much!!!
@Multiheatfan3 No they dont charge you i allways use coin star machine every week
@kwag4
My bank doesn't have a machine. If you want to bring coins, they need to be rolled up.
wow you have a truckload of coins. some coinstars (like in Hadley MA) let you have gift cards instead.
@fartsnffer
Huh?
If you mean finding a machine, I knew it was here for years.
$114 for that small plastic container? I have a foot tall jar that's full of coins!
...those pennies during and prior to WWII are rare, and valuable....
CONSPIRACY!!
lol
Old.
I was young once, in the late 80's, early 90's....
I suppose, what did you do with the money? ;) I would of bough a DS;)
Funny how the immediate load was too much, but the overall amount for an even flow, was too little.
The world works in mysterious ways.....
George if u have dimes or quarters 1964 or before those contain 90% silver did u check your coins before hand?
@TheGoldenEyedboy
I know. This just got too far out of control.
Some coins were indistinguishable to the machine. They were in bad shape.
I have about I think 30$ saved in coins :p
wow this is cool..
Wowwwww
hmmmm what happens if there's, let's say an Argentinian peso among the US coins?
:) imagine dropping your reciept or bumpinng into someone else and then it swapping with a shopping reciept, the othe person =chaching
@MrButSeks
A big plus, if you're an Amazon user.
At banks that you are a member of they don't charge you either
Aha... I always try to take out the quarters.
the system for feeding this machine is so slow. can you tell why it rejected the US coins?
@norxcontacts
It makes for a random video. Well, that's about it.
@asvb232
Hannafod Supermarket, Lancaster St. (Rt 117), Leominster, MA.
$11 in service fees, f that! I'd roll them up and taking 'em to the bank.
I usually take about $125 to $150 or so.
hey whats wrong with the end of ur finger. it appers to be bent up or something.
Ouch.
Then again, if it's a good cause, it's a silver lining. Just want to be sure it's not one of those scam, or for-profits.
@fartsnffer
Loose change collected over time.
The price to pay for convenience......
@xXxBlackwaterXxX
My Middle Fingers are naturally that way. Doesn't bother me the least bit. Doctors even ask if they are bothersome. :)
Same here. As for the "h8rs", if their comment is lower than the IQ of a 1-week old fetus, it gets deleted. There's not many of those that were made here.
I know, but it was too cumbersome at this point.....
Really? If you had a Coinstar machine that does e-certificates or gift cards, you could cash in all that change and put it on one of those, to avoid that 9.8% surcharge. BTW, the surcharge is how Coinstar makes money, if you opt for a cash voucher. How can they make money if they DON'T charge that 9.8%? Explain that to me.
Imagine accidentally pressing donate and not knowing it :s)- Bye bye £100!
@7ReyZor
Because you clicked on it. :)
Uhhh.....MINE!
lol
I've actually got 900$ from coins! But after taxes I left with 700 or 800$
Too bad Coinstar is all that's around here....that I know of.