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PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: NewtonMP2100
Date: September 09, 2016 12:00PM
.....banks used to be more friendly with coinage but not as much.....

.....TD Bank had free penny arcade coin machines to count change but they have to remove them in May 2016 due to law suit about a customer claiming the machine short changed him [ service was free for customer but fee for non-customers ]....

.....Coinstar charges fee if you get money back but if you get gift certificate [ Amazon ], sometimes free...

......seems like going back to rolling coins......most banks will give you free coin wrappers but you have to be a customer to 'cash' it/deposit it.....JP Morgan Chase seems to be most generous with non-customers who want to exchange coins for bills.....


Coin-Counting Machines Still Exist: Which Banks Have Them?

.....Remember the days you could take your piggy bank full of coins to the local savings institution and have them counted out for crisp bills or deposit. Fortunately, those days aren’t entirely gone. MyBankTracker has identified a handful of banks still offering this service, although there may be a small fee. In that case, we also show you other ways to convert your coins for free.

Which banks still have coin counters?

Some big banks continue to provide coin-counting machines to customers and to non-customers. Many smaller community banks and credit unions are also likely to have coin-counting machines.

PNC Bank and BB&T still have these machines in many of their branches, but not all. For customers, it should be no surprise that the service is free, with the exception of BB&T. For non-customers, however, there is a definitely going to be a fee that’s equal to a percentage of the coins counted. (UPDATE: Capital One removed coin-counting machines from all branches by early 2016. TD Bank removed its popular Penny Arcade coin-counting machines from all branches in May 2016. PNC Bank began to removing its coin machines in Spring 2016.)

Now, you might be comparing the coin-counting fees at banks to the fee for using Coinstar machines, which are often found in U.S. supermarkets. Coinstar charges a fee of 10.9 percent if you want the coins converted to bills. If you just want cash from your coins, banks are the cheaper option. But, as mentioned above, if you convert those coins into branded gift cards through Coinstar, it is completely free (see other ways to avoid Coinstar’s fee).

Coin-counting machines are costly for banks to operate and maintain — it’s why banks charge you to use them. Meanwhile, people are using the machines less because they’re more likely to use debit and credit cards instead, which means cash is not being exchanged.

Roll your mountain of coins before you hit the bank
Don’t want to pay a fee for coin counting? Don’t worry.

After reaching out to all the banks, I found that every single one of them will provide coin wrappers for free, regardless of whether or not you are a customer.

Coin wrappers are paper wrappers that come color coded for different coin denominations. Each wrapper is used to roll 40 to 50 coins in denominations of 25 cents or less. Wrappers do exist for 50-cent and one-dollar coins.

If you’ve got a lot of coins, it could be a time-consuming task to stuff them into the wrappers. Once you’ve rolled the coins, just bring them to the bank for deposit or exchange. For customers of the bank, it is free. For non-customers, it’s not as simple — read below.

Banks that exchange coins for free

Although every bank will give out free coin wrappers, not every bank will accept your rolled coins if you are a non-customer.

Chase Bank happens to have a rather generous policies for non-customers, who can exchange up to $200 in coins as long as they’re in coin wrappers. If you’ve got more than $200 in coins, there’s a simple trick: just visit multiple Chase branches.



advice if you have spare change that you would like to get rid of/deposit.....?!



_____________________________________

I reject your reality and substitute my own!



Edited 4 time(s). Last edit at 09/09/2016 01:10PM by NewtonMP2100.
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: rjmacs
Date: September 09, 2016 12:30PM
I recently helped a friend role thousands of coins for deposit.... So many Mercury dimes!



rj
AKA
Vreemac, Moth of the Future
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: GGD
Date: September 09, 2016 12:35PM
I haven't been to one in ages, but Casinos used to be a great place to get rid of coins. Free quick counting at the cashier window turned into paper currency.

You could also pass them through a slot machine first to increase or decrease your load.
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: GGD
Date: September 09, 2016 12:38PM
Quote
rjmacs
I recently helped a friend role thousands of coins for deposit.... So many Mercury dimes!

I'm pretty sure those mercury dimes were worth a lot more than 10 cents each based on their silver content. A quick search gives a melt value of $1.43 each.
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: mattkime
Date: September 09, 2016 12:39PM
recently made a trip to a coinstar. got an amazon gift certificate. it was easy



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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: cbelt3
Date: September 09, 2016 12:41PM
Many banks refuse to accept rolled coins any more. I just collect change in the car and pay for cheezburgers. Yes. I'm that' guy in line in front of you that hands the teenager a double handful of change. Just to watch their heads explode.

Although... I had one open her hand, glance down, and say "Thanks", then put it quickly away. And I actually believed she did all the counting and math in about 2 seconds. I could see her eyes moving rapidly. There are human calculators among us !
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: billb
Date: September 09, 2016 12:47PM
Quote
GGD
I haven't been to one in ages, but Casinos used to be a great place to get rid of coins. Free quick counting at the cashier window turned into paper currency.

You could also pass them through a slot machine first to increase or decrease your load.

coins and tokens slots are going the way of speaker jacks in iphones.
mostly paper in paper out now, paper money in, receipt out.

What role does rolling coins play in modern society



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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: jdc
Date: September 09, 2016 12:49PM
Quote
rjmacs
I recently helped a friend role thousands of coins for deposit.... So many Mercury dimes!

Wow, that sounds kinda crazy. Our credit union has one in the lobby that direct deposits to your account. Or maybe gives you a slip that you take to the teller for deposit. Either way, simple.



----


Edited 999 time(s). Last edit at 12:08PM by jdc.
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: N-OS X-tasy!
Date: September 09, 2016 01:55PM
Quote
GGD
Quote
rjmacs
I recently helped a friend role thousands of coins for deposit.... So many Mercury dimes!

I'm pretty sure those mercury dimes were worth a lot more than 10 cents each based on their silver content.

My first thought, too. As long ago as the '70s, my dad always made a point of separating out any silver-based coinage (pre-1965, IIRC) from the coins he collected at his business. I inherited all of it upon his death in the '80s - it's packed away in a closet .



It is what it is.
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: Michael
Date: September 09, 2016 02:03PM
We collect coins for a couple of years in red cups and then I carry them to Kroger and use the self-pay register to use them up. I try to do it at a non-busy time since I'll be monopolizing a register for 10 minutes.
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: bhaveshp
Date: September 09, 2016 02:10PM
Easy solution - Never use cash!

Seriously, I use cash maybe 1-2 times a month these days..
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: GGD
Date: September 09, 2016 02:24PM
Quote
bhaveshp
Easy solution - Never use cash!

Seriously, I use cash maybe 1-2 times a month these days..

I'm similar, and I also try to never have more than 99 cents in coins, I keep the coins in that tiny pocket in my jeans.

Most of the cash that I have is what I receive from the Costco Executive Member rebate, and the Costco Credit card rebate. I always get those back as cash rather than use them as payment. I use the card for payment instead to get the 2% cash back on that.

The other source of cash is when I take cans and bottles to the recycling center to get the CRV refunded.

I haven't withdrawn cash from a bank/ATM in about two years.
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: mrbigstuff
Date: September 09, 2016 03:59PM
Quote
N-OS X-tasy!
Quote
GGD
Quote
rjmacs
I recently helped a friend role thousands of coins for deposit.... So many Mercury dimes!

I'm pretty sure those mercury dimes were worth a lot more than 10 cents each based on their silver content.

My first thought, too. As long ago as the '70s, my dad always made a point of separating out any silver-based coinage (pre-1965, IIRC) from the coins he collected at his business. I inherited all of it upon his death in the '80s - it's packed away in a closet .

I still do that! Well, not that there are many Mercury dimes in circulation any longer, but I always look at the side of quarters to see if they were made prior to 1965. My grandfather taught me well...
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: DP
Date: September 09, 2016 04:00PM
Change is good!







Disclaimer: This post is checked for correct spelling, punctuation, and grammar. Any attempts at humor are solely the responsibility of the author and bear no claim that any and all readers will approve or appreciate said attempt at humor.
My name is DP, and I approve this message.
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Re: PSA: change is inevitable?!....looking to get rid or your spare change....??
Posted by: Racer X
Date: September 11, 2016 12:49AM
Quote
N-OS X-tasy!
Quote
GGD
Quote
rjmacs
I recently helped a friend role thousands of coins for deposit.... So many Mercury dimes!

I'm pretty sure those mercury dimes were worth a lot more than 10 cents each based on their silver content.

My first thought, too. As long ago as the '70s, my dad always made a point of separating out any silver-based coinage (pre-1965, IIRC) from the coins he collected at his business. I inherited all of it upon his death in the '80s - it's packed away in a closet .

You can hear the difference when you drop mixed coins on a hard surface. The silver ones "ring". I snagged quite a few counting down the registers at work when I was younger.
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