Coinstar or paper rolls?

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username1224
Posts: 34
Joined: Thu Feb 02, 2023 6:57 am

Post by username1224 »

I have been trying to find out how much Coinstar takes when you process your coins through Coinstar.
It was 8% years ago. No it seems around 12%, so if you have $100 worth of coins, you will get $88 back.

Rolling your coins and taking them to the bank takes a lot of time but as far as I know, the bank charges nothing.
If you take $100 worth of coins to the bank, you get $100 back.

So, do you use Coinstar or do you go to the bank, and why?
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page4
Site Admin
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Joined: Wed Jan 18, 2023 7:59 pm

Post by page4 »

Coinstar is great for pennies and maybe even nickels. I'd never use it for dimes or quarters though.

Pennies would not be worth the time rolling them all up. It would take ages so even though I'm frugal by nature, I think that I actually save more by using Coinstar.
I'm iffy about nickels and to be honest, I've never gotten rid of them. They are in a bottle in my storage room. I mostly get pennies though.
Same goes for dimes, I've never gotten rid of them.

My quarters, I give away. There are so many people in this area who can use a little extra, so I give my quarters away once I have $50 worth. It makes a nice present. Put them in a bottle with a bow around it.

Overall though, I rarely get any change anymore nowadays because I almost always pay with my debit card.
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Amused
Posts: 62
Joined: Tue Jan 24, 2023 3:25 am

Post by Amused »

I used to roll them all. Nowadays I almost solely use my credit card or debit card. I almost never have coins anymore.
I think I miss them a little :)
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Frugalforever2024
Posts: 158
Joined: Sun Feb 09, 2025 10:05 pm

Post by Frugalforever2024 »

I am going to roll up every american coin in this home, less the wheat pennies and any others I find of value.  Quarters, dimes and knickels.  will put canadian money aside.  I am dying to know how much change I have in my home.  And I will be damned if I let coinstar steal any of my money.  Pennies will no longer be manufactured in the usa.  That makes them more valuble.......Just a  thought.
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