Where do all the circulation coins go?

No ......Thank You for the heads up, of just how sneaky you are ... lacking in any moral fiber what so ever, and then how you braged about how you stole money from an old lady.....now the members here know first hand what you are!

 

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Creepy yes it was how someone would lay and watch then take advantage of an old woman.....then have the Brass, Gull,and Audacity to brag about his doings.....!
Unacceptable there's no excuse other than the action is totally unacceptable!

 

LA_Geezer you should have just stayed on the sidelines and let this thread run its course. You'll now have to endure another round of ridicule until this blows over. I don't want to throw gasoline on this fire but I find your tag line rather humorous.

"My goal in life is to be at least half as good a person as my dogs already think I am."

Your dog appears to be a poor judge of character.

 

Yes, that's a good way to put it.

 

If he can laugh about this then he's a lot sicker than I am. I will never need to be reminded of this as that sick attitude has soured my stomach forever.

 

Sometimes all one can do is shake their head.

 

I have taken all these replies to heart. I saw some corroded Zincolns in a CoinStar so I plucked them out and stood by the machine asking every passer-by if these were their coins in case an elderly somewhat demented person had accidentally left them. My vigilance was rewarded after an hour, not by an elderly person but by a teenager who said they had left the coins...I did notice that after they took them they dumped them in a trash can, but I felt so morally uplifted, my time was well spent.

 

I always check the rejection shoot on coin stars...yes true this week I've found 1 cent from the Bahamas a French coin, and 65 cent US..
However I didn't plant my self at the machine watching and waiting for someone to dump their change. Then plot to recover any rejects in a manner that is again totally unacceptable!
Again what is so overwhelming on his post is the fact that his actions were premeditated .....then posted as if this sort of behavior is acceptable!

 

He didn't "plant" himself, go back and re-read his post. He just noticed someone putting coins in the machine and waited till they were finished (politely). Some of the language he used was dramatic, but please forgive us elderly folk...

 

Well guess what......I'm one of you!

I will say no more.... as it isn't nessary.....

 

There was a debate on another thread, if these coins have been "abandoned". Once the person walks away and leaves them in the slot.
It was decided they belong to Coin Star since they are paying for that space in the store. An earlier post mentioned being stopped for shoplifting, and that's not possible in the world that I live in.
It is true that if you pointed out to the person they left some change behind, they would probably take it.
In 99% of the cases the coins are in the slot (or on the grill, or on the shelf, or on the floor) and there is no Coin Star customer any where near the machine.
The Coin Star company are little more than vultures. That isn't an excuse, it's just my opinion. I can see how they might be the owner of the reject coins, but is the store going to waste their time, and collect these things and keep them until the Coin Star service guy comes? Unlikely.
I can see these coins as being abandoned. In the old days of pay phones, what did you do when there was a dime in the return slot?
So in most cases it is just an innocent thing for laughs. In this situation that is being discussed perhaps the "opportunity" presented itself and this was the path that was chosen. Before they took the self serve machines out of my grocery, I would often find dollar bills left behind. I was waiting to use it one time and a woman was walking away and she left a ten in there and I told her. But I am not
above checking out the Coin Star for abandoned coins.

 

For the last 2 years all the circulation coins I got back in change were picked for the nicest looking specimens to help me complete 4 "sets" of current US coinage. It's nothing super awesome, just circulated collections (one for me and one for each of my three kids when I'm gone).

As far as people using cards and smartphone payments, it's not really always like that around here, especially in the "tourist" locations. I live in Lancaster County, PA and I patronize plenty of Amish stores (mainly for very affordable groceries like veggies, cheese, salad mix, etc) as well as side-of-the-road Amish food stands and Amish farms that have stores (ice cream, milk, eggs, etc).... Amish deal in cash-only (or personal checks) so I sometimes find a lot of "older" yet modern coinage and bills that I get back in change.

Also, my wife works for a bank that was started by Amish and 95% of the clientele are Amish, so there's always cash being brought in, even $2 bills and older (yet still modern) coins.

 

I think the main cause of attrition is the low value of pocket change adjusted for inflation compared to its higher value in previous decades. This is why so many of us stash away our change as soon as we get home with it and don't cash it in until we have a large amount. Why mess with a pocket full of coins when it only amounts to a couple bucks?

The situation is different in other countries I've recently travelled to such as Japan and U.K. I found myself hanging on to pound coins and 100 and 500 yen pieces as those add up to a lot of money really fast. If the US eliminated both one and five dollar notes and replaced them with coins our coinage would be more in line with other developed countries.

 

Coinstar doesn't own rejects. The machine wouldn't be designed to have open access to the reject slot if they did. If the guy servicing the machine finds coins there than yes they do when he takes them, but the company doesn't take ownership of a coin their machine rejected and tried to give back just because they rented the space.

 

Seems like in one of the previous CoinStar threads someone mentioned an internal reject bin...

 

That doesn’t sound legal. That would be stealing for them to keep coins they didn’t give credit for.

 

My memory has been known to be wrong...but then again laws have been broken.

 

https://www.cointalk.com/threads/the-coinstar-conspiracy.205174/page-7#post-1429051

 

I believe there is an internal reject bin. I was watching the guy service the machine one time and he dumped out a tray onto the shelf. There were some mangled pennies and dimes (I couldn't tell if any of the dimes were silver or not), and there was a nice clad Eisenhower dollar. There was also a pressed penny of Marge Simpson which I asked him for (I have a small collection) and he gave it to me no problem, as it had no value.

 

I would believe that for trash that falls in, and yea the occasional coin probably gets in there too. I don't believe the conspiracy theories though that it''s to steal silver dollars or whatever else, that just makes no business sense. You don't risk multi-million dollar businesses and millions in lawsuits ect to try and scrap a few extra bucks here and there