After Roll Searching.....

Discussion in 'Coin Chat' started by greglax45, Feb 12, 2008.

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  1. GDJMSP

    GDJMSP Numismatist Moderator

    Andy - "At a bank or in the store chashier's drawer" - that is exactly where they end up.
     
    GDJMSP, Feb 15, 2008
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  3. thebigandy

    thebigandy Member

    Cool. I am just curious on how coinstar opporates as a company, I guess. Do the super markets buy/rent the coinstar machine, or do they rent space to them?
     
    thebigandy, Feb 16, 2008
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  4. topcover

    topcover Change 'Ho

    Actually went to my bank with $10 of rolled cents and when I placed up on the counter, the teller said, "Wait... we have a new policy..." she hands me a sheet... "It will cost you 25 cents per roll to deposit". WTH??? :eek:

    We buy a lot of stuff from Amazon, so we just go to Coinstar and add to our Amazon gift card. No counting fee.
     
    topcover, Feb 16, 2008
    #23 + Quote Reply
  5. GDJMSP

    GDJMSP Numismatist Moderator


    They operate just like any vending machine company. In exchange for a store allowing them to place one of their machines in the store they split the profits the machine makes with the store. The store employees typically empty the machine and then the store just sends the company a check once a month.
     
    GDJMSP, Feb 16, 2008
    #24 + Quote Reply
  6. Coinmelt

    Coinmelt New Member

    I have accounts with some large banks and a few smaller banks. So, yesterday I called around to see if any of them had coin counting machines and not a dang one did. They all referred me to the grocery store which has a Coinstar.

    9 out of 10 I re-roll them but once in awhile I'll go dump a box of pennies in the Coinstar. I thought maybe one of these bigger guys Bank of America, SunTrust, Wachovia or Fifth Third would have such a machine or a free service for their customers. But not a single one in my area has it. Kind of took my breath away.
     
    Coinmelt, Feb 16, 2008
    #25 + Quote Reply
  7. FL_RacingGal

    FL_RacingGal New Member

    I used Commerce Bank ONCE for dumping my halves. I will never do it again. The Commerce Bank machine (at least the one here in Florida) is different than my other bank's machine. The one at Commerce bank has bags for each coin so the coins are sorted as they are counted. Sounds perfect except unlike the giant bags for quarters, dimes, nickels and pennies, the bag that holds the half dollars is about the size of a darn sandwich ziplock so the teller has to come and change the bag as soon as it reaches its preset specified weight which is maybe 30-40 halves. You've got 1000 halves in the box and you'll be dumping well over 900 of them so be prepared to be at Commerce Bank a long time and make sure you have a teller standing with you to change out the bag every 2 minutes. I only use Commerce Bank for quarters and dimes, which I don't search often.

    The coin counter machines are BankAtlantic, free for customers, just has a giant metal square tub that ALL coins go into so dumping even $500 in halves is a breeze.

    Just a heads up on Commerce Bank because they may have the same counter machine where you are that we have here in SE Florida. It sucks for halves :(

    *~*Joey*~*
     
    FL_RacingGal, Feb 17, 2008
    #26 + Quote Reply
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