NationStates Jolt Archive


Cashing in loose change

Dakini
26-04-2007, 23:26
I have $6 in pennies all rolled up. They're makeshift rolls, but they're rolled.

Do I just like walk up to my bank teller and say "yeah, give me some real money for these hunks of copper"? Or is there some sort of procedure for doing this?
Eraeya
26-04-2007, 23:28
I have $6 in pennies all rolled up. They're makeshift rolls, but they're rolled.

Do I just like walk up to my bank teller and say "yeah, give me some real money for these hunks of copper"? Or is there some sort of procedure for doing this?

:D Funny thread subject.

In any case, I don't know what kind of bank system there is where you live, but I'd say grab that bank teller by his collar and say 'change it! Chaange it!'. He probably will do just that.
Pan-Arab Barronia
26-04-2007, 23:30
Go to a local store, ask them to change it there.

People do it to me all the time. So far since I started work 6 months ago as a Sales Assistant, I've spent more than 3 hours counting change.
Philosopy
26-04-2007, 23:30
If it's anything like the UK, you just put them in those little bank bags for small change, they weigh it, and credit your account with the right amount.
Bolol
26-04-2007, 23:31
:D Funny thread subject.

In any case, I don't know what kind of bank system there is where you live, but I'd say grab that bank teller by his collar and say 'change it! Chaange it!'. He probably will do just that.

For an even better effect, dress up in a big yellow wig and yell "IT'S OVER NINE-THOUSAAAAANND!!!"
Snafturi
26-04-2007, 23:32
When I first read the title, I thought this was another thread about the Loose Change documentary. Thankfully this isn't the case.

It depends on what bank you go to. They've all got slightly different policies. Give them a call.
JuNii
26-04-2007, 23:32
I have $6 in pennies all rolled up. They're makeshift rolls, but they're rolled.

Do I just like walk up to my bank teller and say "yeah, give me some real money for these hunks of copper"? Or is there some sort of procedure for doing this?

depends on your bank. but you can walk up to them and ask them to change it.
Siap
26-04-2007, 23:37
Take all the pennies out of the rolls and put them in a tube sock. Walk into the bank with a pair of sheer nylons over your face and scream "I tried my best mommy!" as you strike the teller across the face with the tube sock.




Well, since all the good advice was given...
The_pantless_hero
26-04-2007, 23:54
If it's anything like the UK, you just put them in those little bank bags for small change, they weigh it, and credit your account with the right amount.
I think they only do that for Chuck-E-Cheese tickets in the US.
Ashmoria
26-04-2007, 23:55
yeah your bank will take it. sometimes they have you put your name and address on the wrapper so that if it comes up short they can call you about it.

if you are lucky, the teller will tell you to never roll money again, just bring it in and they will run it through their change counting machine

i had a credit union that did that. it was the best bank ever.
Nadkor
26-04-2007, 23:58
My mum works in a primary school, so I change all my pennies and stuff with her and she puts it in for the tuck shop float.
Philosopy
27-04-2007, 00:00
I think they only do that for Chuck-E-Cheese tickets in the US.

I haven't the faintest idea what that means. :p
The_pantless_hero
27-04-2007, 00:03
My credit union brought in a "we don't want to count your fucking change any more" machine. You dump your coins into it, it counts them and gives you a receipt and the amount is put directly into your bank account - minus the bank's "you used our coin counting machine, sucker" tax.
Dakini
27-04-2007, 00:08
When I first read the title, I thought this was another thread about the Loose Change documentary. Thankfully this isn't the case.

It depends on what bank you go to. They've all got slightly different policies. Give them a call.
I could do that. I may just show up tomorrow when I get off work, I wanted to go sell off some cds I don't want at a store that's just down the street... I'm all about getting rid of clutter this week.
Nadkor
27-04-2007, 00:09
Well, I also have an assortment of other coins. but not enough to make individual rolls out of (for some reason pennies never seem to get spent) except dimes... I have enough dimes for one roll.

Something I've always wondered; what is a dime and what is a nickel? Quarters are fairly self explanatory, but I've no idea what the other two are.
Nadkor
27-04-2007, 00:09
Well, I also have an assortment of other coins. but not enough to make individual rolls out of (for some reason pennies never seem to get spent) except dimes... I have enough dimes for one roll.

Something I've always wondered; what is a dime and what is a nickel? Quarters are fairly self explanatory, but I've no idea what the other two are.
The Infinite Dunes
27-04-2007, 00:15
I have $6 in pennies all rolled up. They're makeshift rolls, but they're rolled.

Do I just like walk up to my bank teller and say "yeah, give me some real money for these hunks of copper"? Or is there some sort of procedure for doing this?It's mainly copper then it may be cheaper to sell your coins for scrap rather than to cash them in. *nods*

I know pennies are no longer made with copper in the UK for that very reason.

Something I've always wondered; what is a dime and what is a nickel? Quarters are fairly self explanatory, but I've no idea what the other two are.I think they're 5cents and 10cents, and I have feeling that the nickel is the smaller of the two.

My credit union brought in a "we don't want to count your fucking change any more" machine. You dump your coins into it, it counts them and gives you a receipt and the amount is put directly into your bank account - minus the bank's "you used our coin counting machine, sucker" tax.yeah your bank will take it. sometimes they have you put your name and address on the wrapper so that if it comes up short they can call you about it.

if you are lucky, the teller will tell you to never roll money again, just bring it in and they will run it through their change counting machine

i had a credit union that did that. it was the best bank ever.Buh? They don't even have change counting machines in the UK, they have change weighing machines. They can even take mixed change and work out exactly how much is in the bag, and what's more they don't charge you because it's not considered a service that you are consuming... but one which they are.
Smunkeeville
27-04-2007, 00:15
I usually take my loose change to the grocery store, they have a coin counting machine and it will give me cash....http://www.coinstar.com/cgi-bin/mqlocator.exe?link=find

looks like this.

http://www.coinstar.com/US/WebDocs/A1-2-1/$file/prodA1-04.jpg
Smunkeeville
27-04-2007, 00:17
Something I've always wondered; what is a dime and what is a nickel? Quarters are fairly self explanatory, but I've no idea what the other two are.

nickel is 5 cents, dime is 10 cents.
The_pantless_hero
27-04-2007, 00:18
Buh? They don't even have change counting machines in the UK, they have change weighing machines. They can even take mixed change and work out exactly how much is in the bag, and what's more they don't charge you because it's not considered a service that you are consuming... but one which they are.
I fail to see how it is even remotely possible to correctly weigh a mixed bag of coins. Even with extrapolating the best possible mix of coins from the offsets of weight in very small amounts of ounces. And they charge you for fucking everything in the US. If it is a convenience for you, there is a 90% chance they are going to charge you for it.
Ashmoria
27-04-2007, 00:18
Something I've always wondered; what is a dime and what is a nickel? Quarters are fairly self explanatory, but I've no idea what the other two are.

the nickel is named after the metal that is used to make it. (or maybe the metal that used to be used). the dime is a corruption of some decimal word.

we also have a penny and a 50-cent piece (not used often enough to earn its own special name)

what coins do y'all use in the UK?
Ashmoria
27-04-2007, 00:20
I fail to see how it is even remotely possible to correctly weigh a mixed bag of coins. Even with extrapolating the best possible mix of coins from the offsets of weight in very small amounts of ounces. And they charge you for fucking everything in the US. If it is a convenience for you, there is a 90% chance they are going to charge you for it.

what pisses me off is that banks whine about the scarcity of pennies and other coins but then they wont TAKE the freaking things without either charging for them or making you do all the work.
The Infinite Dunes
27-04-2007, 00:22
I fail to see how it is even remotely possible to correctly weigh a mixed bag of coins. Even with extrapolating the best possible mix of coins from the offsets of weight in very small amounts of ounces. And they charge you for fucking everything in the US. If it is a convenience for you, there is a 90% chance they are going to charge you for it.I think UK coins have specific weights that don't have the same multiples below a certain cash value. Before they weigh the money you have to state how much you think is in the bag, if it's over a certain amount then I think they have to weigh the coins in separate denominations. However, I think that limit is quite high.
The Infinite Dunes
27-04-2007, 00:26
the nickel is named after the metal that is used to make it. (or maybe the metal that used to be used). the dime is a corruption of some decimal word.

we also have a penny and a 50-cent piece (not used often enough to earn its own special name)

what coins do y'all use in the UK?1p, 2p, 5p, 10p, 20p, 50p, £1, £2 and the ocassional £5. I think it makes counting easier if all money is the same 3 similar denominations (1, 2 and 5). Notes are £5, £10, £20 and £50 (very rare and most shops do not accept this note).
Nadkor
27-04-2007, 00:26
nickel is 5 cents, dime is 10 cents.

Thanks :)
Compulsive Depression
27-04-2007, 00:27
I suggest something similar to Siap; take the change and put it in a sock. Then sneak up behind someone wealthy-looking and give 'em a good whack around the head and nick their stuff. Repeat a few times until you've got a decent amount, then invest it. Investing might have a lower profit margin than mugging, but it means someone else is doing the criminal acts so you can't get arrested for them *nods*.

I fail to see how it is even remotely possible to correctly weigh a mixed bag of coins.

The machine divides the coins up into the individual denominations, then weighs them individually :)
Nadkor
27-04-2007, 00:29
the nickel is named after the metal that is used to make it. (or maybe the metal that used to be used). the dime is a corruption of some decimal word.

we also have a penny and a 50-cent piece (not used often enough to earn its own special name)

what coins do y'all use in the UK?

Below £1 there 1p, 2p, 5p, 10p, 20p, 50p

Then there's £1 and £2. They make special commemorative £5s as well.
Ashmoria
27-04-2007, 00:30
1p, 2p, 5p, 10p, 20p, 50p, £1, £2 and the ocassional £5. I think it makes counting easier if all money is the same 3 similar denominations (1, 2 and 5). Notes are £5, £10, £20 and £50 (very rare and most shops do not accept this note).

no special names for them?
Dakini
27-04-2007, 00:32
I usually take my loose change to the grocery store, they have a coin counting machine and it will give me cash....http://www.coinstar.com/cgi-bin/mqlocator.exe?link=find

looks like this.

http://www.coinstar.com/US/WebDocs/A1-2-1/$file/prodA1-04.jpg
We have t hose things, but I refuse to use them. Fuck that shit, man. I don't want to lose part of my change by cashing it in. I'd rather haul it around with me forever than do that.
Dakini
27-04-2007, 00:33
why do you need the 2p and the £2? couldn't you just combo the 1p and the £1?

http://www.magicalrabbit.com/ebay/Double_sided_Heads_and_Tails_Complete_Set_gallery.jpg
there is all of it (without the 3 types of $1 coins)
We have two more here...

http://www.globalclassroom.org/2004/spicer/loonie_toonie2013_s.jpg
The_pantless_hero
27-04-2007, 00:34
The machine divides the coins up into the individual denominations, then weighs them individually :)
At which point you might as well be counting them
Smunkeeville
27-04-2007, 00:35
1p, 2p, 5p, 10p, 20p, 50p, £1, £2 and the ocassional £5. I think it makes counting easier if all money is the same 3 similar denominations (1, 2 and 5). Notes are £5, £10, £20 and £50 (very rare and most shops do not accept this note).
why do you need the 2p and the £2? couldn't you just combo the 1p and the £1?
Thanks :)
http://www.magicalrabbit.com/ebay/Double_sided_Heads_and_Tails_Complete_Set_gallery.jpg
there is all of it (without the 3 types of $1 coins)
The Infinite Dunes
27-04-2007, 00:35
The machine divides the coins up into the individual denominations, then weighs them individually :)nonono, the machines at Natwest don't even divide up the coins.

example, if I have two objects one weighing 17g and one weighing 19g then I can weigh up to 16 items (or 304g) and be able to break down the exact make up of the mix of objects.

eg. I have a bag weighing 163g. I can deduce that this bag contains five 19g objects and four 17g objects as this is the only combination of objects that will give me a mass of 163g.
Dakini
27-04-2007, 00:37
ours doesn't charge anything to cash it in :confused:

my bank does though. :(

I did recently find out though that the church has a coin counting machine, so I just take it up there as part of my tithe ;)
The ones here take a % of the money and just give you a recipt for groceries. Thus, I don't like them.

Instead, I will walk to my bank and be like "Yeah, you charge me stupid service fees and generally suck, this is really the least you can do for me."
Smunkeeville
27-04-2007, 00:38
We have t hose things, but I refuse to use them. Fuck that shit, man. I don't want to lose part of my change by cashing it in. I'd rather haul it around with me forever than do that.

ours doesn't charge anything to cash it in :confused:

my bank does though. :(

I did recently find out though that the church has a coin counting machine, so I just take it up there as part of my tithe ;)
Dakini
27-04-2007, 00:38
Syxx9Corp;12584751']I probably end up having at least $20 worth of change every week.
I acquired $10 today.

I started a job on Tuesday where I get a pile change as tips at the end of the day.
Ashmoria
27-04-2007, 00:39
nonono, the machines at Natwest don't even divide up the coins.

example, if I have two objects one weighing 17g and one weighing 19g then I can weigh up to 16 items (or 304g) and be able to break down the exact make up of the mix of objects.

eg. I have a bag weighing 163g. I can deduce that this bag contains five 19g objects and four 17g objects as this is the only combination of objects that will give me a mass of 163g.

seems a little lacking in function.

the machine that my credit union used sorted and counted the coins. the teller just dumped the bucketful into the bin on the machine and it did the rest. it even spit out the foreign coins.
[NS]Syxx9Corp
27-04-2007, 00:40
I probably end up having at least $20 worth of change every week.
The Infinite Dunes
27-04-2007, 00:40
no special names for them?Nope, some of them used to have special names. Like 2p was called a tupenny bit. But special names for the coins seem to have disapeared when the metric system came in.

why do you need the 2p and the £2? couldn't you just combo the 1p and the £1?Could probably do without the 2p, but one £2 is lighter and less bulky than two £1. Means you can carry more change around in your pocket.
Compulsive Depression
27-04-2007, 00:40
no special names for them?

Not really. There used to be before decimalisation, but I can't remember any other than "shilling" for 12 old pence. Decimalisation happened long before I was born ;)

Now we just have penny (1p), tuppence (2p) ("coppers" for a mix of both) and quid for a pound, AFAIK.

At which point you might as well be counting them

Not really, you just pour them in and it does the rest. Much, much faster than counting if you've got more than a few pence. Probably the same bit of kit as the machine Smunkee posted a pic of.

Not that I ever have much in the way of cash; currently I have one euro in my wallet :p
The Infinite Dunes
27-04-2007, 00:43
seems a little lacking in function.

the machine that my credit union used sorted and counted the coins. the teller just dumped the bucketful into the bin on the machine and it did the rest. it even spit out the foreign coins.How big was the counting machine, this weighing machine was about the size of 3 stacked paperback books.

Oh... I was looking for picture of these machines, and apparently they can weigh notes as well and determine value.
http://www.autoscales.co.uk/acatalog/6000_series.jpg
Compulsive Depression
27-04-2007, 00:53
nonono, the machines at Natwest don't even divide up the coins.

example, if I have two objects one weighing 17g and one weighing 19g then I can weigh up to 16 items (or 304g) and be able to break down the exact make up of the mix of objects.

eg. I have a bag weighing 163g. I can deduce that this bag contains five 19g objects and four 17g objects as this is the only combination of objects that will give me a mass of 163g.

Ah, I've never seen one of those clever, new-fangled contraptions. I do understand how the maths works though :)
Jeruselem
27-04-2007, 01:11
I'm the opposite - I'm always running out of loose change.
Zilam
27-04-2007, 01:33
When I first read the title, I thought this was another thread about the Loose Change documentary. Thankfully this isn't the case.

It depends on what bank you go to. They've all got slightly different policies. Give them a call.

I thought it was too. Then I saw that the OP was Dakini, and I felt sick to my stomach, because I had this theory that she is pretty much one of the closest examples to the "perfect" woman possible, both good looking and intelligent(yes I am looking for brownie points here:p). It looks like my theory stands strong.

Anyways, I have about 80 bucks worth of change, and Im no turning it in until i get 100.
Glorious Freedonia
27-04-2007, 03:05
Something I've always wondered; what is a dime and what is a nickel? Quarters are fairly self explanatory, but I've no idea what the other two are.

A nickel is a nickel because it is made of a silvery looking metal but was never made out of silver with one brief WWII exception. For awhile all silvery currency was silver except the nickel. The nickel used to be the half "disme". The dime used to be a "disme". I do not know what a disme is supposed to be but I imagine that it was a silent s in disme and that they were called dimes even back in the day.
Kyronea
27-04-2007, 03:25
When I first read the title, I thought this was another thread about the Loose Change documentary. Thankfully this isn't the case.

You're not the only one. I was hoping Dakini would use her intellect to rip a new one into Loose Change believers.
Muravyets
27-04-2007, 03:47
1) For just $6 worth, you'd be better off going to a store and asking the clerk to exchange them for a $5 and a $1. You might have to go to a few stores to find one who needs pennies, but at least they might take your improvised rolls.

2) If they won't, then you should know most banks won't either. So hang onto the coins until you have more (to make this worth your while), and then go to an office supply store, like OfficeMax or Staples, and buy a set of coin rolls. These are marked with the denominations on them and are sized for each coin, so no quarters in the nickel roll by mistake.

3) Then re-roll your coins. If you're taking them to the bank, and want to avoid fees, you might just want to deposit them with the teller, but you'll have to write your account number on each roll. That's what I usually do with mine.

4) Or you can just pay the fee to use a machine.

5) Or you can keep them and use them because they are money, after all.

By the way, cashing in coins is such a pain that I only do it once about every 5-6 years, when I have at least $20 in coins to put in the bank.