coinstar web site has news of guy

Discussion in 'US Coins Forum' started by hillbillyricky, Dec 16, 2009.

  1. hillbillyricky

    hillbillyricky New Member

    that cashed in 13,000 dollars + of pennies he was hoarding since 1967, it does no mention if he took out the copper pennies or wheats, I think this guy was dumb enough just to cash them out as he was sick of all these 55 gallon drums around his house filled with pennies. I wonder if he paid a fee to coinstar too??
     
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  3. Magman

    Magman U.S. Money Collector

    Heck, I would have paid him so I could go through them.
     
  4. malak1

    malak1 Junior Member

    In my area (south FL) coinstar fee is 8 3/4 %. Is it the same everywhere?
     
  5. NotSure

    NotSure I'm sure I'm NotSure

    Thats a whole lot o' Lincolns!
     
  6. borgovan

    borgovan Supporter**

    No. It varies by geography, but is generally around 9%, I believe.

    I just use the things to check the rejected coin slot. Never find anything super-magnificent, but sometimes some interesting foreign stuff.
     
  7. malak1

    malak1 Junior Member

    That's a big hit considering some banks don't charge anything to their customers.
     
  8. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood

    Don't know if there is a dollar limit, but you can get gift certificates (such as Amazon and Starbucks) at the coinstar machines and then they won't charge any fee. I know I cash in my loose change every so often that way for an Amazon e-cert. They even usually have a promotion every Nov/Dec where if you cash in $40 they will issue you a form for an additional $10 e-cert. A lot of people just put in two $20 bills to collect on that one.
     
  9. Saor Alba

    Saor Alba Senior Member


    How do you put $20 bills in a coinstar and actually get the gift receipts? I haven't yet seen a coinstar that took bills.
     
  10. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood

    Around here, they all do. Not only do they count change, but they are marketing themselves as a way to add balances to certain types of gift cards and to buy e-certificates.

    You can reference this link at a deal site to read more about it....

    http://forum.dvdtalk.com/hot-deals/564562-coinstar-get-10-extra-when-cashing-40-ecert.html
     
  11. charlienorth

    charlienorth Junior Member

    This reminds me of a story an old collector friend tells of a fellow who decided he wanted one million of 'something' so he hoarded wheat cents to achieve his goal.

    (This story came up while the collector was delivering 30,000 wheats that I bought from him. Only 970,000 to go!)

    :)
     
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