saving loose change (merged)

[Deleted User]

quoia wrote: »

The only good news that I can see (looked at their website) is that the company running these have worked out that we Brits are not quite as stupid or gullible (or perhaps overpaid?) as Americans & Canadians.

American CoinStars deduct 8.9% for counting their dollars.

Canadian CoinStars deduct 9.8% !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I haven't tried it myself, so I don't know if it works in this country, but supposedly it's possible to get rid of your change without paying the hefty 7.9% commission. Go to this link to find out more: www.antiyawn.com/guidetocoinstar.html

jembie

I don't think the machine in my local sainsburys has the option to get itunes or other vouchers.
You just get the cash or give to charity.
I don't mind the fee though, I allow for it when adding up my change - Anything to get rid of all these blasted 5ps

faerie_girl

quoia wrote: »

Unfortunately it would almost certainly NOT be legal tender so you couldn't !

I work on the checkout at Morrisons and twice i have had the same person pay for well over £100 in change. The first time this happened I got my supervisor as it was not leagal tender and she said i had to except it... and had to count every single penny. Now it took me about about 10-15 mins to count it out, trying to be quick and not to annoy the people stook behind this fool. The customer had actually counted it all out before hand and put little notes in saying how much was in each bag... but obviously i still had to count it.

I could barely close my till afterwards.

Other customers have also handed over bags of coins, tried to walk off and i've had to tell them they must wait until i have counted it all... they have huffed and puffed and so has the customers in the till. Then i found sereral foregin coins!!!!
1 in not a dumbass and 2 if there is foregin money in my till i will get into trouble with it.

We also have a coinstar machine in the entrance. it only tells you on the leaflets that are shoved onto the side of the machine that there will be a %charge. When customers realise they compain to me!!

aggh to joys of being a checkout operator

twinklie

I can't believe banks still don't let people deposit coins. If it's bagged up, they just weigh the bag...job done. Should take no time at all!!

I regularly do this at Lloyds TSB and have never had a problem, they are more than happy to help. And by weighing it I'm often in and out before people that are paying bills etc at the tills.

:j

redflame705

Quote buckhysen "I saw the suggestion to take coins to the Post Office. I've done this for years also and they never charge, as stated before they just weigh the bags and exchange for notes."

We also take our counted bags of change to our local friendly post office, plus it helps to keep them in a job! I know it's only a small thing but I always think that the small things add up to big thing (little acorns into big oaks and all that)

dreams_R_free

I saw a recent catalogue from Kleeneeze or Betterware which had a home version of a coin counting machine in. Maybe it was just a sorter, I didn't take too much notice:o .

I'm an avid car boot seller and end up with loads of small change every weekend. Apart from keeping a bit back as a float for next time I love counting it up and bagging it. It's really therapeutic, especially as it's profit:rotfl: . My bank (LLoyds TSB) never complains or refuses to take it and like an earlier poster said they just weigh it. I make sure I'm accurate with how much goes in each bag and only once in dozens of transactions did the cashier have to check a bag and it was 1p in my favour anyway!

I do make sure I go in at a less-busy time of day, I wouldn't have the gall to keep busy people waiting behind me at lunchtimes.

sillyvixen

loose change winds me up. i have been removing it from my purse for ages and putting it in a jar. it just clutters up my purse and means i cant see the higher value coins at the bottom. when i bought my house last year i took all my loose change to asda and put it into the coin machine, it paid for all the home essentials i needed (cutlery,glasses,mugs,hardware goods,light shades,bathroom accesories and a few nice candles) and i still had change. if i had spent the change as i went along it would have just gone and i would have been looking for about 70.00 for these items. nice one! i like this machine it seems a good way of using small change for somthing usefull.

wigglebeena

Is it still possible to take your hundredweight of old coppers into the bank and get it changed for 'real' money? And if so will they give you the little placky bags if you ask for them? I know you used to be able to, but I'm under the vague impression they've frowned on it in recent years. I have to admit I've used those 'Coinstar' machines in the last couple of years. But the commission rate is a right rip-off, and also always - always - higher than stated on the machine.

Anyone better informed than me?

Blairweech

You can do it, but I don't think they will roll it for you. Also, most banks will only accept 5 change bags a day from customers. They do give you the change bags though.

Take it to a scrap yard, the weight of copper now is worth more than the actual value on th coin!!! NB: They won't actually do this cause they can't deface the Queen

stefejb

well they do give you the bags but for some reason are not happy about it unless you have an account with them. I always take a small child and make out it's their savings and then they don't seem to get so uppity if the bags are a bit wrong