Is Coin Wrapping THAT difficult?

[JR6ooo4]

But we have been paying with debit cards so much, the coin jar is not filling up so much any more...

We have to throw in a dollar bill or two, to make up. The last jar was enough for dining and souvenirs on our last trip.

Mikeeee

 

[MELSMICE]

I would never pay to have a machine wrap my coins. We do it every few weeks/months, depending on how much in coin we have.

It doesn't take long at all & it's not an inconvenience either.

 

[lil mermaid]

My bank's the same.

As far as I'm concerned, those Coinstar machines and their high percentage rate vigs prey on the same people who take their paycheck to check cashing stores...typically people who can't get bank accounts or live paycheck to paycheck. IMO, the whole lot of 'em (check cashing stores, Coinstar, liquor stores who cash checks, etc.) are grave robbers.

That, or people like me who just don't like to roll coins. Or are too lazy

In the past, I've used coinstar and donated the money to charity, or obtained Amazon gift certificates. I've never paid a fee.

 

[wendylady36]

I wrap and count all my coins. That's MY money and Coin Star doesn't need it.

I agree!

I wrap mine and take them to my bank.

 

[ajk912]

I only use Coinstar for pennies; I wrap all other coins myself.

me too

 

[C.Ann]

Most banks will only accept so many rolls at once with no charge. Even if you are depoaiting them in your own account. It is so ridiculous.

My banks charge 10% unless you bring in maybe one roll at a time. Yawn.

I rolled a ton of change for our last WDW trip. Then I took it to the bank and they made me unroll it all and dump it in their change counter. They then charged me 5% on top of it.

Wish I hadn't spent so much time counting and sorting, although the kiddos had tons of fun with it.

--------------------

I have seen all of this happen - and more.. There are also banks who insist that you hand write your name, address, telephone number, and account number on each roll (no "address" labels allowed)..

And then there are the ones who make you jump through hoops, finally take the rolled coins, deposit them in your account, and then place a hold on you account until all of the rolls have been counted and varified..

So I can see plenty of reasons that people would opt for those machines - providing their bank doesn't have a "free" one - a really "free" one..

 

[bluesaturn]

I just spend all of my change, so I don't have to deal with any of that. It's probably the easiest choice of all haha.

 

[a1tinkfans]

we go to our bank. The machine they have is free.
But to each his own

same here

 

[RachelEllen]

Not every coinstar has the gift card option. I took about $800 to coinstar (had to use the cart to get it in from the car) and turned it into Amazon certificates that I used to furnish my nursery and get the carseat. However, I had to drive about an hour to get to the closest coinstar that offered the certificates. If you are intersted, the coinstar website does tell you what type of machines are where.

 

[yeartolate]

I returned Diet Coke cans to Stop and Shop yesterday, and there was a line....at the Coin Star machine. This is the machine that you dump your coins into and it gives you back bills. The cost of this, just glancing at the machine seems to be 10%. Dump a $100 worth of coins into it, it keeps $10. I thought that was the point of saving coins; to save money. I always wrap my own coins. A quart at a time, rarely takes more than 30 minutes and can be done watching tv, etc. The wrappers are free from the bank. Why do people 'pay' for this? Do you?

Some of the machines will give you full price gift cards. You can also donate to charity without surcharge.

But the answer is no, it is not difficult, just a PITA.

I can't say that I turn coins in to save money in particular. It is more that I hate carrying around extra change and when I get enough in my jar I turn it in.

 

[Monte Cristo]

I happily pay the service charge that the CoinStar machine charges me. It's simple, easier then wrapping, not dirty and doesn't require a trip to the bank.

It's just like getting an oil change. I could do it myself, but I choose to pay Nissan to do it because it's simple, easier, not dirty and doesn't require an extra trip to auto zone to buy the oil.

It's a service. I pay for that service happily.

 

[Piglet4Ever]

We can change our coins for free at our Navy Ferderal and we love it. We save our change in a WDW popcorn bucket and when it is full we take it in.

 

[mumom95]

I happily pay the service charge that the CoinStar machine charges me. It's simple, easier then wrapping, not dirty and doesn't require a trip to the bank.

It's just like getting an oil change. I could do it myself, but I choose to pay Nissan to do it because it's simple, easier, not dirty and doesn't require an extra trip to auto zone to buy the oil.

It's a service. I pay for that service happily.

I agree

There are enough other tedious things in life that I have to do, this is one service I gladly pay for.

 

[Mrsduck101]

We can change our coins for free at our Navy Ferderal and we love it. We save our change in a WDW popcorn bucket and when it is full we take it in.

My bf uses the WDW popcorn buckets too

He has several jars of coins and I keep hinting to cash them in, but he isn't ready yet.....

 

[Uuaww]

It would take me about an hour to wrap all the coins I had recently (about $150 worth) and the coinstar was 8% so I lost like $10. I like to think of it this way... would I have paid someone $10 to do this for me? Yes... Yes I would have.

 

[happygirl]

Our bank has a coin machine we can use for free

 

[Kirby]

I wish our bank had a machine I could use. I've used Coinstar before, a long time ago, but I got tired of people impatiently waiting for me to finish putting my coins in the machine. So, as I stated earlier, I just take my sorted coins to the bank and either wait while they count them or come back later to pick up my money.

 

[JessicaR]

I won't use coinstar.
TD Bank has machines and you dont have to have an account. Capital One has machines that are free if you have an account. To me these options are just as easy as a coinstar and I keep my 10%!

 

[Holly]

Is Coin Wrapping THAT difficult?

I guess it depends on how much you think your time's worth.

 

[JessicaR]

COIN COUNTERS


The Penny Arcade is a free coin counting service provided for both Customers and Non-Customers. A

Penny Arcade is being installed in almost every Commerce store. (TD BANK) For the location nearest to you call 1-888-751-9000.
You simply drop your coins into the Penny Arcade. After the coins are counted, a receipt is generated which you take to a teller for cash or for deposit into a Commerce account.
If you have an unusually large amount of coins, you can drop off the coins for deposit at any Commerce store during lobby hours. Accounts are credited for the coin deposit within five business days.
In South Jersey, if you need immediate credit on large coin deposits, you can visit our Marlton store (336 Rt. 70 East / 856-985-5792) during lobby hours where large coin deposits are fine-counted via a high speed machine while you wait.