Metal Detecting - Coinstar Time! $$$

Hi all,
Finally after almost 8 years of Metal Detecting I have decided to turn in all of my US Coins in for paper CA$H

Time to turn this in!

I decided to start simple. I filled a medium sized velvet bag used for a fishing spinning reel.. My 1st trip to the Coinstar machine got me $162.80 after the service fee -

 

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More to deposit soon!
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Well did you cash in enough to get you a new metal detector I no better but a good start. LOL
Dave

 

I'd never give them $22. I have put over 8000 pennies in the coin acceptor at the grocery buying, OJ or almond milk. I plan on cashing the coins in one day. I have over $1000 in quarters over $320 in dimes $85 in nickels. Keeping all the dollar coins and halves. (And of course gold and silver, since that's my treasure. As well as tungsten rings, etc. Silver coins, wheaties, some well conditioned cents, old nickels, blah blah blah.)
I could put them in my Credit Union coin counter for no fee.

 

I have way more than that!
I really don't mind the fee, the gold and silver I have found will cover it!.. I'm not rolling these coins up to take to the bank!

 

Only been doing it since June 2016.

 

Those fees are killers!

 

I agree. I'll go to any bank way before I go to a coinstar machine.

 

What a lot of Silver and Gold. I've got plenty of Silver and Gold, too - Silver in my hair, and Gold in my teeth !!!

 

Yes. Agree 100%. My credit union wouldn't charge me a fee for that.

 

My bank doesn't either.

 

What I don't understand is how anyone could amass so much change as what is shown in the various pictures above. Unbeknownst to me, my wife had been hoarding cents in one of her drawers UNTIL the weight of all of that change collapsed a drawer. I was charged with repairing the drawer THEN with wrapping up all those pennies; turns out she had more than $240 worth. The bank took them all, but asked that I deposit them rather than ask for paper money for whatever reason.

I was unaware how much the coinstar fee was, but my sentiments are with those who find this a foolish waste of money.

 

Coinstars have a fee, and they are very inaccurate. Chances are your pour in $10 and get $7. Credit union/bank machines are normally much more accurate and most don't charge a fee.

 

This is a pretty outlandish claim. I recall a number of years ago some news people conducted detailed experiments with Coinstar machines to assess their accuracy. The producers meticulously hand counted every coin they planned to put into the Coinstar machines. What they found was they were surprisingly accurate with only a one dime or so conflict found in the amount inserted to the amount credited out of thousands of coins that were put in.

In fact, local news reporters conduct these experiments somewhat frequently. Here is one such story: https://www.ksl.com/?sid=42926525&nid=148. It was determined that coin counting machines in general are "off 18.5 cents for every $300" that is inserted.

While I have read some horror stories on here about users getting shorted by wildly inaccurate amounts (typically at banks and credit unions), these are typically due to the machines getting jammed or filled up from their dumping massive amounts of coins into the machine at one time. That, or the machines just needed to be cleaned.

 

it is fun bringing boxes of change to coin star machine, even though there is the fee, you feel like a king for the day because everyone that passes by the machine usually in a grocery store says hi to you, it makes you feel great, bringing it to a bank is a drag because it just go's into your account, rather have the cash in hand

 

I say it again.. I am a Metal Detectorist!
I don't care about the fees. I just want my CA$H
I have plenty of silver and gold to turn in for Cash also which will make up for the fees!
I have at least $1500.00 in gold! Rings, bracelets and earings!

 

I guess I'm cheap. I would have rolled them and taken to the bank. 8 years of metal detecting fun and cash to boot.

 

Can you show us the ones you kept. Or is that asking a bit to much. Or hows bout your best find.

 

Good article. Was wondering about that cuz i just pour them in as fast as the mechine takes them