Getting Rid of those searched Lincoln Memorial Pennies

[wavysteps2003]

I tend to do a fair amount of searching in a week and can cycle through $50.00 or so without any problems. I love to crack open a circulated roll, hoping to find some sort of die variety, error coin or RPM, however, the one thing that I hate to do is put them back into a roll and bring them back to the bank that I got them from. It does not relate to good karma with the bank tellers. So it is off to the coin sorter at the local grocery store; saves me time and I don't mind paying the fee.

The most familar to us all is "COIN STAR" and I faithful used it until this morning when I switched to "COINS FOR CASH" which will now be my machine of choice. The resoning behind this is simple.

1. To start operation; COIN STAR - push buttoms five times. COINS FOR CASH - push button once

2. coin capacity; COIN STAR - tray holds about $15.00 which feeds into a narrow slot that coins will jam on you. COINS FOR CASH - dump up to $100.00 at a time. No narrow slot to contend with, automatic feed system.

3. coin returned: COIN STAR - up to 15 % returned for no apparent reason. COINS FOR CASH - this first batch, none returned and there were some pretty corroded pennies in the bunch.

4. time; COINS FOR CASH took 1/4 of the time to count what COIN STAR normal takes.

5. fee; COIN STAR - 8.9 cents per $1.00. COINS FOR CASH - 8 cents per $1.00

Hope that this helps all you dedicated searchers out there and I found this machine (COINS FOR CASH) at PUBLIX.

You all have a good one,
WAVYSTEPS2003

[rollmeupabe]

Check around your local area. Some banks have started to install coin machines in their branches for free. It saves them the time to count but still gets the customer coming into the bank.

[murphy]

CoinStar is the only type I've noticed around here in Southern Indiana and that was at the Kroger store. But I don't use that.
I buy rolls of cents from the bank either in $25 boxes or $5 bundles and I work on the rolls one at a time, open, empty, search and then put them back in the roll. The $25 boxes of cents usually come from the Fed (nearest Federal Reserve Bank - that would be Cincinnatti for me and they get coins mostly from Philly) and the bundles usually come from local customers who cash them in for paper money. I prefer looking through local money rather than Fed money. I don't seem to have as much competition and I find more "stuff".
I got really ticked off last year when the banks around here adopted a new policy regarding those $50 bags of cents. I use to search them exclusively but they stopped selling them to me. The Fed policy is that the bags must be numbered before/when they are put on the counting machine. They cannot be taken off before they reach the $50 limit. Once that limit is reached they must be sealed and put back for shipment to the Fed. The numbers must be sequential. That means they can't sell them to customers. They will sell you rolls.
I have one bank that I take my coins to and thats the one that takes my mortgage payments as well, lol. So I don't feel the least guilty for making them handle my heavy boxes and bundles of pennies. I get pennies from all the other banks in town that will sell them to me.
If I ever have need of a coin counter & roller there's a coin shop in Louisville that has one that I can use for free, but I've never used it.
But that "COINS FOR CASH" sounds like a much better deal over "COIN STAR". Thanks for the info.

[smed]

Even if the bank doesn't have a machine, you can probably get wrappers from them for free. It doesn't cost anything to roll coins while watching tv. I guess I'm just cheap, but I don't want to give away 8 cents on the dollar for something I could do myself.

[coop]

I have one of those plastic coin tubes for putting coins in it measures how many cents are there. When there is a roll, then you slip in a wrapper and I save them for Work when they run out. I usally get a few rolls back log and when they need them, they let me know. I guess cornering the market is out of the way??