Where do all the circulation coins go?

You're missing the point.

 

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The point being he saw someone (elderly or not) using a CoinStar with an employee already helping them. Should he have run over and shoved the employee out of the way and announced "I will help you and make sure you take your reject coins although you don't want them, otherwise you would not be using the machine". He then proceeded to get a 1929S cent, obviously he should have run up to the person and have given them a nickel for it. Sorry, I don't think @LA_Geezer did anything wrong.

 

The right thing to do would be to take the coins out of the reject bin and give them back to the elderly woman. An offer to buy them could then be made. It's about doing the correct thing, especially for elderly woman that counts.

 

Everything he did was Wrong! As it is all about intent! And his intentions was that of a buzzard on road kill!
Karma comes in many ways......

 

Technially his actions are deplorable, as any one else who would stoop that low to obtain a coin!
Then to brag about it...... since the word is "now ok to use here " there's a special place in hell for people as such!

 

Wish I could give more than one like for that comment. I'm so steamed about his actions I have to refrain from saying what's really on my mind.

How would one act if this happened to their mother?

 

Legally or morally?

 

Either one. For myself, I would have done the same in the scenario, however if I saw that they had put a $2.50 gold piece thinking it was a cent, I would hustle over and let them know. Everyone can be bought, it's just the price that is different.

 

Understood but I disagree. Legally no but morally yes.

 

And the old lady may have replied "Since I put them in a CoinStar, I don't want them. Mind your own business."

 

Opinions are like...

 

Nah, she was a sweet old lady. The perfect grandmother and she would have thanked the man.

 

To walk up to a coin star machine and find coins in a reject bin and not a soul around....is one thing, However to plot to recover any rejects while watching another cash in their coins is both illegal,and immoral. Again it all about "Intent"
And there's no doupt what the intent was...... clear as day.

 

As to who the rejected coins belong to has been debated.
First they belong to the person who dumped their coins in. When you dump them in too quickly, it can cause a jam and coins that are not damaged or off metal, will be rejected. But this is only if you know who put their coins in with an empty reject slot and then a full one when they are done. Without direct observation, the slot could already be full before they used the machine.
The store does not own those coins. They and Coin Star have a rental agreement.
If the coins are not considered "abandoned" they are the property of Coin Star.
And, IMO their 11% charge for turning "coins into cash" is an exorbitant fee.
That's almost the same as saying: Don't let one hundred and eleven dollar bills clog up your wallet, give them to us and you can have 2 fifties or 5 twenties or 1 crisp hundred dollar bill!
I just put my coins into the coin acceptor at the grocery and keep 100% of my money.

 

Don`t forget many visitors to the US and those in transit bring back US coinage to whichever country they are from.
My dad went on a Caribbean cruise via Miami and bought dollars before flying out, he used the pocket change for tips, he brought quite a bit home, as he is 97 he gave them to me as he`s not intending to visit again.
I buy collections and hoards of world coins and there is always US pocket change in there as well as collectable stuff.
I usually give my change to my cousins from Kentucky and California when they visit.

I currently have around $50 in change as well as my silver US coins.
That is just me so think how many more folks around the world have millions of circulating US coins






Some stuff from my collection (no slabs)

 

I think you lose your rights to your rejected coins once you walk away. The machine isn't designed to keep track of the reject coins. Nor are the reject coins secured or signage posted regarding property rights to the rejected coins. Therefore once you approach the machine as a "would be" customer, any rejected coins in the tray are yours to take.

 

All of this is very interesting.

I relish the attacks of being somehow dishonest by remaining in the background. What a bunch of phonies!

There's a lot of talk on this forum about the Coin Star finds; since I learned of this possibility less than a year ago learning about it HERE, I've found two silver quarters and four silver dimes... that's it. I'm unabashedly content with this and thank those of you who introduced me to this possibility.

I suppose that those who use metal sweepers to find coins should take what they uncover to some authority too.

Thank you all for the laughs.

 

@LA_Geezer, I think you are missing the point. Look, I'm old like you, & I think I can speak for most, if not all of us here, that NO one objects to your finds at a CoinStar machine. It's obvious that many do it & we all (most?) consider it a perfectly acceptable practice.

The problems with your post as I see it, is that you should have stopped your first sentence @ "Walmart", and picked it up again with ….."I sauntered over...….".

Forget everything about the old woman; describe the find.....& then, what irritates a lot of us is a story without pics!!! And you seem to indicate that you don't have time for it, however poor the pic may be.

Your story is the same as if someone wrote: "I saw this woman with kids in the parking lot in the car next to me, & she dropped a bunch of coins, so I waited until she left to see if she got them all. She missed 2 quarters (one silver) & a 1921 Merc. What a score!!" With all the newbie parking lot/road rash finds posted on CT as error coins, you know that scenario has happened! We don't want to hear that!

We know that this kind of humanity happens a lot, we just don't want to hear that part.

Collectively we are happy that you had a nice CoinStar find!

Keep up the search!

 

What set me off was not what was done but how. It was devious.

 

Or, from another perspective, "courteous" -- as opposed to "creepy", like a stranger approaching someone who's just finished trying to juggle a pile of cash.