Beware of Bank Coin Counting Machines

You have to find a foreign coin exchange, even the airport generally doesn't take change

 

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People put a lot of junk into those machines. I lived in DC for a few years and saw homeless men bring buckets of coin that they rescued from public fountains to the coinstar at my Giant. They were still dripping water as they put them into the machines! That coinstar machine was constantly out of order.

 

I would think that they wouldn't mess with coins unless you had a very large amount and then probably not even then!

 

I have been collecting "state" quarters since they have been issued, so having filled books for my grandchildren, I decided to cash in my extra coins. I went to my CU where I was told they would not take my rolled coins, but I could put them into a coin counting machine in the lobby where I would be charged 15% to have them counted. It was almost enough to make me close my accounts, since the CU pays less than 1% on my savings account, but I chose not to close the account because I have too many auto withdrawals. But, I think that I will stop hoarding coins if I cannot get credit for them at my bank.

 

There are other banks.

 

It's hard to believe that the banks and credit unions that are mentioned are that rude. The credit unions in North Carolina have coin machines and when they are working, they are accurate. After all the coins have been deposited in the machine, I get a receipt telling me how many I deposited for each type of coin. I take that receipt to the teller and they ask me which account I want to deposit them in. The Credit Union is only for State and local government employees and their families. My son opened an account with $100 + when he was 14 and mowing grass. They pay the highest interest of any other bank or credit union. He still has it and his is 49.
Banks and Credit Unions can only be as dishonest as you allow them to be. You have to stand up to their stupidity as mentioned a couple of times earlier.

 

Search out your local savings banks - they're smaller and more personalized than the big national 'chain banks' - I deal with one that has a half dozen branches in the area and they've always accepted my rolled coins - of course, I only cash out two or three times a year for under $50 each time - depositing your rolled coins directly into a local bank account might also be an acceptable option.

 

You basically can't exchange foreign coins.
There are a few places that will do currency only for a small fee.
Coins you can donate to charity.
There is one place where you can mail them all your foreign coins and they will pay for them, but it's around 30% of the value.
Try looking them up on the net. But when you figure in the cost of the postage/ insurance and what they are paying you, it's unlikely to be worth it.