Cashed in coins today

[disneysteve]

I took the coins off my dresser to the Coinstart machine today. $138.41 was the total which I took as an Amazon gift card so there was no counting fee. Not bad at all.

[bjl584]

Pretty good.

I currently have a small amount of coins on my dresser. Maybe $30 or so.

[disneysteve]

I don't spend a lot of cash so I don't end up with a lot of coins but when the banks on my dresser get full, I take them in. I used to go to Commerce Bank which had free coin counting but once TD took over, they got rid of that. Now you have to have an account to get the free counting. No thanks. I'll use Coinstar which is free if you take it as a gift card which is fine with me.

[bjl584]

I'll do the same when I get enough coins to make it worth cashing in.

A couple gift cards would be a good idea for the Christmas shopping season.

[GrimJack]

I have a coin separater at home and I never spend change so I just dump my change into the sorter and put them into wrappers when it is time and put the wrapped coins into a money bag. When the money bag get heavy enough, I take it in and deposit it into a savings account. I started this back when I was paid once a month and saving change was the only way I could have money at the end of the month (GI Bill).

Back in 1983 the heyday of S&Ls who were trying to get into real banking (they wdere stuck with home loans returning 3%) they offered variable CDs for at 13% - I essentially paid for most of my trip to Australia on that r.o.r. The minimum deposit was $25.00 and whenever I had that, I deposited it (using the rule of 72 my deposits would double every 5.5 years.)

[cardtrick]

I keep forgetting to do this! I have around $100 in coins that I need to cash.

[snafu]

For folks who insist they can't possibly save an emergency fund, using a mason jar to dump change from pocket/purse at day's end is a painless way to begin the process of 'savings.' [we use dollar and two dollar coins]

[phantom]

I have a coin separater at home and I never spend change so I just dump my change into the sorter and put them into wrappers when it is time and put the wrapped coins into a money bag. When the money bag get heavy enough, I take it in and deposit it into a savings account.

I had a coin separator bank that I used to roll coins when I was a kid. It wasn't a very good one. I could only put coins in one at a time, and it was easy to get coins stuck. But, I had a lot of fun using it. My mom and my husband both insisted that I didn't need it any more and that I should throw it away the last time I moved, so it's gone now. I really don't get all that much change anymore since I pay for almost everything with plastic, and my bank does have a free coin counting machine. So, it's true that I really don't need such a thing anymore. But, it was cool to see how change could really add up and to take a bag of coins to the bank knowing exactly what they were worth.

[hamchan]

I just did the same thing recently. It was only a bit more than 20$ but we got the Amazon gift certificate too, which means no fees. We buy our cat food on Amazon for almost half the price of the grocery store, with free shipping. It was basically like getting a month and half of cat food for "free" since otherwise the change would just be collecting in a box on the dresser. We always keep any quarters for laundry and don't use a ton of cash so it takes us a while to build up very much. 20-25 a year is about average.

[~bs]

some banks will do this service for free and deposit the money into your bank account. You have to ask. As a guy who hates change, and also tends not to pay with cash anyways, I just accumulate it all in a bag, then when I have maybe a hundred or two worth, bag it and hand it over to a bank teller to use their machines to count and deposit into my account that week.

[Blessed]

I've got a gallon pickle jar I need to take in to the credit union. I am waiting until dh goes with as it is super heavy!

[Gailete]

My youngest always saves his change although he counts and rolls it himself. He thinks nothing of then depositing a roll of pennies into his savings account. He also is happy to bend over and pick up change on the ground that others throw away. I save change but since I don't go out to work now and most errands are run using a debit card, I rarely have cash in hand to save.

[coffee]

I have been saving all my change for the past yr, probably 500 bucks. (Once I get change, I do not spend it). If the dollar does not collapse, it is getting cashed in around early Dec for a 3 day weekend to Grand Cayman

[dunnrobert700]

I thought this was going to be a post about dropping gold prices

[GrimJack]

My youngest always saves his change although he counts and rolls it himself. He thinks nothing of then depositing a roll of pennies into his savings account. He also is happy to bend over and pick up change on the ground that others throw away. I save change but since I don't go out to work now and most errands are run using a debit card, I rarely have cash in hand to save.

My ex (who has a blog on this site) kept track of her habit of picking up change - I think she had over $300 in 4 years. It takes a second to pick up a penny (2 seconds for us olds) so picking up a penny is the equivalent of $36.00 per hour. I think she may be slowing down a bit - at one point she actually ran out into bus tunnel track to get a quarter and about 5 security guards showed up and chastized her - like really seriously, they threatened to arrest her.