Coinstar: Make Your Change Count
After moving I discovered a hidden treasure! 🙂 Well, not exactly. I found rolls of loose change I had stored away for a rainy day. We’re not talking quarters either 🙁 In keeping with my new outlook of less clutter in the new apartment I made a trek to the local bank to change my coinage to cold hard cash. After waiting patiently in line because I did not have an account there, I was turned away like a social outcast! Undaunted I went next door to Ralph’s where they had my answer, a Coinstar machine.
I passed by before, but never used one. After reviewing the instructions, Coinstar has a handling fee of 9.8 cents per dollar counted. Wowzers! No self respecting personal finance blogger would go for that so I checked out option number 2, free coin counting! Here’s the catch.
They will convert your coinage into an e-certificate to some of their partners. Browsing through their list, they had some decent selections. Lowes, Amazon, iTunes, Overstock.com to name a few. I finally settled on JC Penny’s because they offer additional coupons from time to time.
Sadly, my rolled up coins actually proved to be very time consuming. In the future, I’m just going to bring a jar. I had to painstakingly unwrap the coins and dump them into the counting tray. I did enjoy myself a little as it sounded like I hit a jackpot in Vegas! 🙂 After a few minutes, I got my grand haul of $15.76. I followed the instructions and got a printout with Coinstar code. I can either call and order through their catalog, shop online, or claim it in person.
So if you have ton of small change lying around your house collecting dust, make it count by counting it up at your local Coinstar machine. I forgot to mention, there is a third option. You can donate your small change to a charity as well. Give it a try, if nothing else, it’s cheaper than Vegas! 🙂
How do you handle your loose change?