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Mon 27 Jan, 2025 11:51 am
I wanted to cash in a large container with coins I've collected when I empty my pockets each night.
I found that the machine I was going to use, Coinstar, does not have the option for redemption that I wanted, so I did brought my coins home again.
But when I did some research, I found that Coinstar, charges an unconscionable fee. The fee is 11.9% plus a 50 cent "transaction fee."
Man, even the local loan sharks would balk at that vig!
Anyway...since the federal government has to mint coins (at a considerable cost)...why don't they just invest in some redemption machines...and do it free. People would certainly use them considering the scalping they are taking on the commercial ones. And the coins can be reused...rather than having to mint more.
I'm going to use the machine at my bank. It is free. But the government is sure losing a good deal here.
@Frank Apisa,
That's prettybad.
We have a few cashpoints run by that particular organisation.
They normally charge £5 to use them.
The change sorters are free, there's one in Asda, (Walmart) and that gives out a till receipt to cash at customer services.
@Frank Apisa,
Your bank should take them at face value.
@engineer,
Our banks will only take them if they're packed in coin sleeves, but they will take them.
@Mame,
Oh? My bank buys them by the jar full - but only if you have an account with them.
Coins seem to only arrive when polymer is handed over at the shop which is increasingly rare nowadays (the shop and the cash).
Curiously, in this week away at a bnb, polymer featured prominently in an exciting codenames word game when plastic and note delivered two points.
Coins rarely leave this nearby shop due to the voracious dog with the slot in its head.
@nacredambition,
Pollymer? I don't really get your drift.
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