Minelabdealer
Elite Member
Any TD bank North Does it for free even if you do not bank there. Bring the receipt to the counter and get the cash. It also kicks out old or odd coinage.
I was a little shocked when he handed me 3 pristine Morgan Dollars. I almost admitted that I wasn't the one who put them in there, but before I could say anything, he said that there was an internal reject bin that was also full and had to be emptied before he could put it back in service.
Questions- Would you have admitted that you weren't the person who put the Morgans into the machine? Why do you think the manager was so intent on making sure that I couldn't see the contents of the internal reject bin? Do you think CoinStar sets their machines to divert certain coin types (Gold perhaps?) to the internal reject bin instead of the return tray?
I have gotten into some semi-heated arguments with people on this, so bear with me.
However, it is my experience that these coin machines are not always accurate.
Let me preface this by explaining that when I say "not always accurate" I am saying that they either credit you slightly too little or too much for your coinage (unfortunately, it is almost always the former -- but I have had the latter occur).
I have tried this on many occasions where I put in exactly 25 pennies, 25 dimes, 25 quarters, and 25 nickels.
I usually (not always -- about 50% of the time) end up a couple coins short.
As a key note, the missing coins are never drastic. For example, I will get a receipt showing 24 pennies, 25 dimes, 24 quarters, and 25 nickels. Thus, two missing coins.
Usually my logic is that I had rather spend the value of those "lost" coins (in my example 26 cents) rather than rolling coins all day.
However, it is something to be weary of. If you are for example dime hunting and it takes you $300 dollars to get a single silver dime (not too crazy a ratio from my experiences), keep in mind that cashing in those coins you might lose a dozen or two dimes. (Again, not too crazy from my experience). That is $1.20 lost for what amounts to (on a good day) probably a $2.50 coin and a hell of a lot of effort.
These "lost coins" can seriously affect your coin roll hunting calculus.
Again, something to consider and be weary of.
I am sure some machines are better (and worse) than others. I would suggest if you utilize these types of machines often, use a "controlled" test like I do every now and then to see if they are accurate.
That's why I stopped using Coinstar, but mostly for the fees. My credit union bought a nice LaRue counter and I use it with no fee. Although....I have gotten into some semi-heated arguments with people on this, so bear with me.
However, it is my experience that these coin machines are not always accurate.
Let me preface this by explaining that when I say "not always accurate" I am saying that they either credit you slightly too little or too much for your coinage (unfortunately, it is almost always the former -- but I have had the latter occur).
I have tried this on many occasions where I put in exactly 25 pennies, 25 dimes, 25 quarters, and 25 nickels.
I usually (not always -- about 50% of the time) end up a couple coins short.
As a key note, the missing coins are never drastic. For example, I will get a receipt showing 24 pennies, 25 dimes, 24 quarters, and 25 nickels. Thus, two missing coins.
Usually my logic is that I had rather spend the value of those "lost" coins (in my example 26 cents) rather than rolling coins all day.
However, it is something to be weary of. If you are for example dime hunting and it takes you $300 dollars to get a single silver dime (not too crazy a ratio from my experiences), keep in mind that cashing in those coins you might lose a dozen or two dimes. (Again, not too crazy from my experience). That is $1.20 lost for what amounts to (on a good day) probably a $2.50 coin and a hell of a lot of effort.
These "lost coins" can seriously affect your coin roll hunting calculus.
The answer is simple.
The missing coins fall into a space-time vortex and are transported to the machine KingTotsAlot cashes in.
He always gets out more than he puts in.
Well, it took 7.5 years but I finally found another silver coin in a coinstar machine. 1964 Rosie along with a 1941 wheatie.