Coinstar

"Slant6" (slant-6) 06/04/2016 at 13:28 • Filed to: None

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Got $68 from my jar of coins. No fee since I got an Amazon gift card from it. Gonna use it towards this:

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E92M3 > Slant6 06/04/2016 at 13:34

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Really? No fee if you convert to an Amazon gift card? That beats rolling it myself, and I’m too cheap to give coinstar 6%.

Slant6 > E92M3 06/04/2016 at 13:39

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Yeah, the fee is only so the store can give you cash. No cash involved= no reason for the store to get involved.

Opposite Locksmith > Slant6 06/04/2016 at 13:42

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Dad once gave me his jar, 368 dollars.

Urambo Tauro > Slant6 06/04/2016 at 13:43

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I didn’t know that you even could avoid the fee until recently. So this time, I cashed in for a Home Depot gift card. It didn’t last long. ;)

JQJ213- Now With An Extra Cylinder! > E92M3 06/04/2016 at 13:57

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Yup! You can go on their website and see which stores do this since not all will. And some stores only offer some gift cards.

But it’s not just amazon. GameStop,home depot, gas, toys R us... a whole bunch off cool things. All gift cards offer no fees!

Jack Does Cars > Slant6 06/04/2016 at 15:07

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My sister’s stepdad is a high-up at Constar in Seattle. Really good business ethics and business model.

Slant6 > Jack Does Cars 06/04/2016 at 15:10

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How do they afford to do this/ what do they do with the coins?

nFamousCJ - Keeper of Stringbean, Gengars and a Deezul > Slant6 06/04/2016 at 15:11

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Ever year I dump my change jar for my hunting trip. Best part is my local bank has a similar machine which is loud as hell. So standing in the quiet bank with people doing their business and I’m standing making as much noise as someone attacking a beanbag full of coins with a lawn mower

Jack Does Cars > Slant6 06/04/2016 at 15:52

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Stores keep the 6% as a way of letting the Coinstar in the store, Coinstar makes a whole lot of money by having companies like Amazon, Apple, Lowe’s, etc., put their logo on the screen to, “sell,” gift-cards. They also make a lot of money by leasing the machines to people/places.

Frenchlicker > E92M3 06/04/2016 at 17:24

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Heck, 6% is better than here. I think in Indiana they take something like 9.9% or 8.9%.

E92M3 > Urambo Tauro 06/04/2016 at 18:11

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Me either! This is great...people look at you weird if you give them a roll of coins. Sometimes they want to open the rolls to make sure you didn’t put something else inside.

Rico > nFamousCJ - Keeper of Stringbean, Gengars and a Deezul 06/04/2016 at 18:14

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It’s obviously to shame you

Urambo Tauro > E92M3 06/04/2016 at 18:27

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I’ve been avoid CoinStar for a long time, just because I didn’t want to pay some ridiculous fee. Are coin-rolls free at the bank or something? I’ve seen them at the store, but buying those would probably be similar in price to paying some fee.

(Eh, I guess it doesn’t matter now. Free rolls or not, I’m going to be using CoinStar more often anyway...)

E92M3 > Urambo Tauro 06/04/2016 at 20:03

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Same here.. Coin rolls are free from your bank. I hardly ever use a teller for anything though. Maybe once every 2 years. The dollar store has a bag of rolls for $1.

Urambo Tauro > E92M3 06/04/2016 at 20:12

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That’s not bad. (Still gonna use the machine now, though.)

I’ve never paid for something with a coin-roll before, but I have gotten funny looks for paying with things like dollar coins and $2 bills. “I don’t even know where to put this in my drawer” You still have a space for checks, don’t you?

(My local recycle yard LOVES handing out those oddball currencies. I don’t think I’ve ever gotten any $1 bills from a scrap run.)

E92M3 > Urambo Tauro 06/04/2016 at 20:57

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I use them to pay for gas mostly. I feel weird carrying a bunch of rolls into the bank to be converted. I hate to carry change, so I throw it in a jar each night. I’ll be using the machine too now that I know you can get gift cards to Amazon.

anon-sxmcyecofnu1eocpqsk9iq > Jack Does Cars 06/04/2016 at 23:48

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“Constar” lol

Jack Does Cars > anon-sxmcyecofnu1eocpqsk9iq 06/04/2016 at 23:51

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I promise that it was supposed to say Coinstar