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Converting your coin jar into cash
Old 11-15-2005, 10:28 AM   #1
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Converting your coin jar into cash

Anyone have any suggestions for converting my 1-gallon bottle of silvers into cash.

The damn Coin Star machine at the supermarket charges 9%!!!
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Re: Converting your coin jar into cash
Old 11-15-2005, 10:30 AM   #2
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Re: Converting your coin jar into cash

Dunno where you are, but Commerce Bank offers free coin counting at their branches (mostly NJ and PA, some NYC). Maybe a bank near you would do the same?
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Re: Converting your coin jar into cash
Old 11-15-2005, 10:42 AM   #3
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Re: Converting your coin jar into cash

Good luck with the coins. I have not found a bank or credit union around here that will count them. They want you to count them, roll them, and then put your name and account # on each roll so if you are short they can deduct it from your account.

I do not have the time or desire to do this again....yes I did it once a few years ago because I was home recovering from surgery and got bored. : It took a while, but I finally got the $650 rolled and carried to the Credit Union. That bag must have weighed 40 pounds. :P

We have a variety of containers for pocket change that get filled up over time. I have bags of pennies and other coins that are just sitting waiting for me to roll them up. I even have a coin counting machine my DW got me one year for Christmas, but it tends to miss one or add one coin here and there and jams frequently.

Good luck with it. Maybe I will just drag all those coins to Las Vegas to play the slots...............on second thought.......Nah.... why give it away?
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Re: Converting your coin jar into cash
Old 11-15-2005, 10:44 AM   #4
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Re: Converting your coin jar into cash

Our bank has a coin counting machine and counts for free. Was nice when dealing with coin laundry machines.
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Re: Converting your coin jar into cash
Old 11-15-2005, 11:03 AM   #5
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Re: Converting your coin jar into cash

It is easier to do one stack of each kind of coin, measure it with calipers, and then just do all the rest by measuring instead of counting.

Commercial cooking is done in a similar fashion. They don't use measuring cups for dry materials - it is all done by weight. Add the first ingredient to the scale, zero the scale, add the next, etc etc.

cheers,
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Re: Converting your coin jar into cash
Old 11-15-2005, 11:12 AM   #6
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Re: Converting your coin jar into cash

Quote:
Originally Posted by The Other Michael
It is easier to do one stack of each kind of coin, measure it with calipers, and then just do all the rest by measuring instead of counting.
That may be a good way to determine the total value of the jar of coins, but doesn't answer the question of how to turn the coins into folding money.

One other thought...if you live near a casino with slots that still accept coins, you should be able to take care of it at the cashier's window at no charge.

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Re: Converting your coin jar into cash
Old 11-15-2005, 11:26 AM   #7
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Re: Converting your coin jar into cash

My credit union has a machine and does for free.
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Re: Converting your coin jar into cash
Old 11-15-2005, 12:13 PM   #8
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Re: Converting your coin jar into cash

In our area Chevy Chase Bank has free coin counting machines. You don't have to be a customer to use them.
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Re: Converting your coin jar into cash
Old 11-15-2005, 01:05 PM   #9
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Re: Converting your coin jar into cash

Quote:
Originally Posted by LRAO
Anyone have any suggestions for converting my 1-gallon bottle of silvers into cash.

The damn Coin Star machine at the supermarket charges 9%!!!
The Coin Star at my local Ralphs waives the charge if you choose to get a Ralphs gift
card instead of $$$.
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Re: Converting your coin jar into cash
Old 11-15-2005, 01:21 PM   #10
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Re: Converting your coin jar into cash

Send it to me and I'll do it (for a small fee of course!). I actually LIKE to roll coins (yes, I'm strange). A guy that I worked with found this out and asked me to roll his loose change and let me keep 5% of whatever I rolled.
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Re: Converting your coin jar into cash
Old 11-15-2005, 01:26 PM   #11
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Re: Converting your coin jar into cash

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Originally Posted by Calgary_Girl
Send it to me and I'll do it (for a small fee of course!).* I actually LIKE to roll coins (yes, I'm strange).* A guy that I worked with found this out and asked me to roll his loose change and let me keep 5% of whatever I rolled.
I think it would cost me more to ship it back and forth than it would be worth; but thanks for the offer.

Anyway, I prefer to roll my own.
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Re: Converting your coin jar into cash
Old 11-15-2005, 01:33 PM   #12
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Re: Converting your coin jar into cash

Quote:
Originally Posted by SteveR
Anyway, I prefer to roll my own.
A reminder, that's illegal except in the states of Arkansas and West VA. 8)

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Re: Converting your coin jar into cash
Old 11-15-2005, 01:34 PM   #13
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Re: Converting your coin jar into cash

Quote:
Originally Posted by LRAO
Anyone have any suggestions for converting my 1-gallon bottle of silvers into cash.
Sounds like it's time to hit Vegas or a local Indian casino.
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Re: Converting your coin jar into cash
Old 11-15-2005, 01:34 PM   #14
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Re: Converting your coin jar into cash

Quote:
Originally Posted by REWahoo!
A reminder, that's illegal except in the states of Arkansas and West VA. 8)

And maybe Kentucky?
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Re: Converting your coin jar into cash
Old 11-15-2005, 01:44 PM   #15
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Re: Converting your coin jar into cash

Quote:
Originally Posted by Calgary_Girl
And maybe Kentucky?
I also failed to mention Newfoundland...

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Re: Converting your coin jar into cash
Old 11-15-2005, 02:20 PM   #16
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Re: Converting your coin jar into cash

Roll your own what...



My CU counts them for free; don't think they'll even accept rolled coins.
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Re: Converting your coin jar into cash
Old 11-15-2005, 02:22 PM   #17
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Re: Converting your coin jar into cash

Quote:
Originally Posted by REWahoo!
I also failed to mention Newfoundland...

Definitely! My sister lives there and she'll attest to that!
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Re: Converting your coin jar into cash
Old 11-15-2005, 02:25 PM   #18
 
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Re: Converting your coin jar into cash

We once told my eight-year-old nephew that he could have all the change that he found in and under the couch. *It came to over $14! *We have a recliner, and I have a long torso.

I try very hard not to let the coins accumulate. *It's not rocket science, but this is what happens: *You put on new pants with no change in them, and go out. *You accumulate change, and when you take off your pants, the change goes in a jar. *

The key is to try to remember to load up on change before you go out (or when you put new pants on) -- just enough so that you can pay exact change. *I also periodically take the coins from the jars and put them in the cars' ashtrays.

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Re: Converting your coin jar into cash
Old 11-15-2005, 02:38 PM   #19
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Re: Converting your coin jar into cash

Quote:
Originally Posted by TromboneAl
We once told my eight-year-old nephew that he could have all the change that he found in and under the couch. *It came to over $14! *We have a recliner, and I have a long torso.

I try very hard not to let the coins accumulate. *It's not rocket science, but this is what happens: *You put on new pants with no change in them, and go out. *You accumulate change, and when you take off your pants, the change goes in a jar. *

The key is to try to remember to load up on change before you go out (or when you put new pants on) -- just enough so that you can pay exact change. *I also periodically take the coins from the jars and put them in the cars' ashtrays.

When I used to live in Toll Road Hell, change was not much of a problem. The IL Trollway Tollway Commission managed to always find a reason to stay in existance one more year.

Here there are no such roads and I believe the locals would be rather indignant and quite displeased if one were to appear. I believe they would display their displeasure with a late evening fireworks show using TNT instead of firecrackers (mining country).

So, my change now piles up more than it used to. I have an old ashtray (serving a more useful life) on my dresser that is for my change exchange. In at night, out in the morning and is used for exact change when not using the air miles CC card.
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Re: Converting your coin jar into cash
Old 11-15-2005, 03:10 PM   #20
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Re: Converting your coin jar into cash

Quote:
Originally Posted by REWahoo!
A reminder, that's illegal except in the states of Arkansas and West VA. 8)

ROFL. I thought it was only legal on the Left Coast. Wait a minute. Exactly what (or who?) does SteveR prefer to "roll". The next question is -- why?
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