Getting rid of your old coins

Rjd2

Dunno if their has been s thread about this recently, probably has, feel free to lock mods if so.

Anyways I have a sweet jar of coins, I want to get rid of and get some money, where should I go to convert the coins?

Tesco has coin counters machines but I think you can only convert that into Tesco Vouchers.

Try paying a hooker in vouchers:D

Appreciate any feedback.

PCPhoto

Central Bank

/end thread

Prodigious

Why don't you count them yourself?

Corruptedmorals

Count them into coin bags and go to the bank?

FatherLen

a bank, ffs.

AnonoBoy

Use them at the Tesco self-service checkouts. You just lob them in and it counts them. That way you don't have to pay the commission that the machines charge you.

Hande hoche!

You could go to a coinstar machine but they take a percentage. Alternatively fill socks with them for makeshift weapons.

Mousewar

Pretty sure the machines in Tesco print a voucher but that they'll change it for cash at the till if that's what you want. I emptied my coppers into it at the weekend and it took 17 euro off my shopping. My friend did the same but he ended up getting his shopping paid for plus money back.

Rjd2

FatherLen wrote: »

a bank, ffs.

Ah lads, appreciate the quick responses, don't ask why I never thought of a bank.

I basically have all the coins in a sweet jar like this, ok to walk into one with it, or do I need to put the money into bags?

Mousewar

AnonoBoy wrote: »

Use them at the Tesco self-service checkouts. You just lob them in and it counts them. That way you don't have to pay the commission that the machines charge you.

I was thinking about doing this but wasn't sure if they'd handle the volume. And thought the people behind me would get pissed off pretty quickly.

seamus

Rjd2 wrote: »

Ah lads, appreciate the quick responses, don't ask why I never thought of a bank.

I basically have all the coins in a sweet jar like this, ok to walk into one with it, or do I need to put the money into bags?

You have to put the money into bags, the bank won't accept a jar of coins.

Just ask them for a stack of money bags then go home and count them.

I do this every so often, it takes about 20 minutes and usually yields around €200 in coins. It's probably the most profitable thing I do with my own time, ever.

dee_mc

put it into bank bags yourself,
wouldn't we all love to be in the queue behind you at the bank Rjd2

AnonoBoy

Mousewar wrote: »

I was thinking about doing this but wasn't sure if they'd handle the volume. And thought the people behind me would get pissed off pretty quickly.

If you take your time it can handle the volume. Don't throw the whole jar in at the same time.

Feck the people behind. There's other tills they can use while you're being frugal.

tayto lover

You could also ask your local publican.
Mine takes all my coins and gives me notes. He gave me a supply of bags too.

Publicans always need changes as people usually tender notes for their drinks.

Penn

Like others said, get some coin bags, count it out yourself and bring it into the bank/credit union. No charge for doing it like there is for some coin-counting machines. Doesn't take too long to count. Leftover coins which don't make up a full bag can go back into the jar.

danniemcq

to quicky count the money get a digital weighing scale.

weigh out the 2 quid or whatever in 1c for example (give it value x) and then you can dump your 1c on the scale get a rough calculation of whats there and then you can also get the 2 euro worth by removing the coins until you get X again.

thats how banks measure what you dump into the wee bags instead of counting it

danniemcq

oh and also you probably won't be able to do it at the cashier desk you probably have to go into the business part

SEPT 23 1989

Give it all away to a charity

Carter P Fly

I Find counting it into bags to be a chillout task, the fact theres usually over a hundred quid is a bonus.

My wife doesnt stash change like I do, she uses it all at the Tesco self service counters and when the kids piggybanks are full we'll go buy a toy in tesco and they can pay the same way.

Lone Stone

I must go to the bank and get money bag's i have two tub's of coins from the past 10 years its full of 20c and 50cent coins il be minted fo sho.

Terry1985

SEPT 23 1989 wrote: »

Give it all away to a charity

+1 I throw in a big bag of coins to the Irish Cancer society shop on Camden St whenever it reaches the top of my savings bottle.

the volunteers are happy enough to accept it.

wilson10

Rjd2 wrote: »

Dunno if their has been s thread about this recently, probably has, feel free to lock mods if so.

Anyways I have a sweet jar of coins, I want to get rid of and get some money, where should I go to convert the coins?

Tesco has coin counters machines but I think you can only convert that into Tesco Vouchers.

Try paying a hooker in vouchers:D

Appreciate any feedback.

Surely you eat.

Change it in Tesco and pay the hooker with the money that you were going to spend on food.

EmptyTree

Happened to be talking about this with someone at the weekend, do banks charge you for changing coins? (I'm fairly sure they charge businesses)

Carter P Fly

Ive never been charged in a bank.

I think banks charge to provide coins, not take them in..

Rjd2

EmptyTree wrote: »

Happened to be talking about this with someone at the weekend, do banks charge you for changing coins? (I'm fairly sure they charge businesses)

Just back from my AIB, they charge 2 quid.

SeanW

Go to Tesco in the quieter hours of night.

Buy lots of necessities.

Go to the self checkout machines.

Pay with your coins

/thread

Plazaman

Superglue them inside a suit jacket. Hey presto, bullet proof vest.


Disclaimer : May or may not stop bullets

Capt'n Midnight

Mousewar wrote: »

Pretty sure the machines in Tesco print a voucher but that they'll change it for cash at the till if that's what you want. I emptied my coppers into it at the weekend and it took 17 euro off my shopping. My friend did the same but he ended up getting his shopping paid for plus money back.

wow

if you'd dumped the change in the self service shopping machine twenty feet away you'd probably have got €2 more



Also kids love counting coins, get them to bag the money / guess how much it will be / nearest gets a prize or something

Rented Mule

You wonder why austerity and the Irish will never work ?

What do I do with my coins ?

Jebus wept.

Capt'n Midnight

Hande hoche! wrote: »

You could go to a coinstar machine but they take a percentage. Alternatively fill socks with them for makeshift weapons.

don't they take a double digit percentage ?

Adyx

Rjd2 wrote: »

Just back from my AIB, they charge 2 quid.

It's free (well usual 20c transaction charge) if you lodge them instead. I love doing this in my bank. They have only two cashiers now and about three people standing around asking if you're lodging money. The puss on their face when I say yes but it's all coins is hilarious. :pac:

rubadub

Mousewar wrote: »

Pretty sure the machines in Tesco print a voucher but that they'll change it for cash at the till if that's what you want.

Any machine I have ever seen in tesco takes a commission. The sign is quite misleading as it offers to give you a voucher that you can cash in, your a voucher you can use on groceries. Many wrongly presume that the voucher to be used only in tesco would have no commission (why else would you go for it). But in all cases I have seen or heard of they take commission.

rubadub wrote: »

It is an utter fu*king disgrace that the central bank do not offer a free coin counting service. We are paying a fortune every year to mint or buy in new coins from abroad. All these coins are hoarded, and I can not blame people, the machines in shops are ridiculous, taking ~10% each time. These machines are just basic coin-op mechanical devices, people are lashing in €500 at a go and charged €50! while the cost of a go on a mechanical kids machine or photo machine is pittance.

In the 80s mcdonalds would give you free burgers if you brought in £5 in change, superquinn gave donuts.

The central bank is pissing money down the drain when all they need is a few machines costing a few grand instead of this extreme waste of money minting new coins. Not to mention the huge associated costs to the environment.

Banks should offer the same service too. Supermarkets could too, stick in €100 worth of coins and get a €100 voucher only usable in that shop. I am truely shocked there is no such service now, when there was in the 80's. Tesco brought in machines and it appeared like you did get vouchers, you did get them but I think they still took 8% of your money and then forced you to shop there with the rest! (but did offer cash, I presumed cashing would take a %, but vouchers would not.)

No doubt the supermarkets are in cahoots with these apparently third party machines, and cleaning up. Some supermarket could cop on and make a killing, I know loads of people with stashes of coins who refuse to pay the crazy % fees fleeced by these companies.

Mousewar

rubadub wrote: »

Any machine I have ever seen in tesco takes a commission. The sign is quite misleading as it offers to give you a voucher that you can cash in, your a voucher you can use on groceries. Many wrongly presume that the voucher to be used only in tesco would have no commission (why else would you go for it). But in all cases I have seen or heard of they take commission.

It has a whole screen explaining that it's taking 9% commission from you and you have to press a button to proceed. It couldn't be less misleading.

Ultimately, It took €1.70 or something from me. More than happy to pay that to spare me the effort of counting them myself. Although I may pursue using the self-service machines in future but would still feel a bit scabby doing so.

To be honest, I really don't see the point of anything lower than a 10c coin. They should get rid of the coppers.

Capt'n Midnight

Mousewar wrote: »

They should get rid of the coppers.

Alan Shatter is working on it.

Mousewar

Capt'n Midnight wrote: »

Alan Shatter is working on it.

I see what you did there.:D

gobnaitolunacy

SeanW wrote: »

Go to Tesco in the quieter hours of night.

Buy lots of necessities.

Go to the self checkout machines.

Pay with your coins

/thread

Does it take 1c and 2c coins? I find a lot of vending machines just reject the sh*ttier coinage.

rubadub

Mousewar wrote: »

It has a whole screen explaining that it's taking 9% commission from you and you have to press a button to proceed. It couldn't be less misleading.

Many find it misleading, I have gotten into arguments over it with people, I know several people who thought the voucher was commission free, this is in real life. On boards there have been a few threads about it,

http://www.boards.ie/vbulletin/showthread.php?t=2055566445

I am pretty sure in some threads I have seen people saying there were certain there was no commission.

E30i wrote: »

Has anybody used one of the Coin Changing machines in Tesco Ireland Stores. They charge a commission of about 9.6% for getting the cash value. However the machine instructions outline that you can 'Redeem the full value against your shopping at any Tesco store'.

I recently changed coins to the value of €117.06 (Penny Jar)in one of these machines. This gave a cash value of €106.06 after commission. I fully understand the commission structure leading to this cash value.
However I understood from the instructions on the machine that I had 2 options
1) Redeem the full value against your shoping at any Tesco Store
or
2) Exchange for cash at the Customer Service Desk.

Given the use of the word 'full' in option 1 (and repeated on the voucher I received) I had the expectation that I could use the €117.06 value against my shopping.

And another thread

Chiparus wrote: »

Brought the bedside jar of coins to Tesco, where they have a coin machine. It said quite clearly exchange the "full value against tesco shopping" however they took 9% ( 10 euro) and refused to exchange the full value against my shopping bill.

Is there anything I can do?

Coinstar refunded one of those guys his commission too, after they complained.

gobnaitolunacy wrote: »

Does it take 1c and 2c coins? I find a lot of vending machines just reject the sh*ttier coinage.

it does take them, it can only do so many at a time. If you throw loads in it spits them all out. I often take a fistful of coins to tesco at night, if you come up short you can pay the remainder with CC. There is a green light that comes on when it is ready to take more coins.

AnonoBoy

gobnaitolunacy wrote: »

Does it take 1c and 2c coins? I find a lot of vending machines just reject the sh*ttier coinage.

They take everything.

gobnaitolunacy

AnonoBoy wrote: »

They take everything.

Good-o.

Capt'n Midnight

AnonoBoy wrote: »

They take everything.

the commission isn't quite that high

ScumLord

seamus wrote: »

I do this every so often, it takes about 20 minutes and usually yields around €200 in coins. It's probably the most profitable thing I do with my own time, ever.

It's quite enjoyable and you smell like money afterwards.

danniemcq wrote: »

to quicky count the money get a digital weighing scale.

Never mind them new fangled digital things. I use my old school digits to count it all out.

If you just count it into stacks it takes no time. Unless you draw it out over the course of an evening, pretending the stacks are high rises and you're building a money city.

AnonoBoy

seamus wrote: »

It's probably the most profitable thing I do with my own time, ever.

Seamus you are so wise so I'm sure you know this already.... but, it's not profit because the money is already yours!

ScumLord

AnonoBoy wrote: »

Seamus you are so wise so I'm sure you know this already.... but, it's not profit because the money is already yours!

I think you've caught Seamus out, it's clearly someone elses money jar.

Capt'n Midnight

ScumLord wrote: »

Unless you draw it out over the course of an evening, pretending the stacks are high rises and you're building a money city.

and then Godzilla arrives

https://www.youtube.com/watch?v=o7gFlSGXt_k

tunedout

You could pay your tax fine with them.

Freddy Smelly

use them to pay your property tax

lol all in 1c coins

seamus

AnonoBoy wrote: »

Seamus you are so wise so I'm sure you know this already.... but, it's not profit because the money is already yours!

Of course it's profit. While it's sitting in the jar, it's unrealised equity. Worthless. Like my house, only not so much.

Counting the money makes it realisable, therefore it is profit, since before it was counted, it was worthless.

Banking economics 101. Look it up.

Capt'n Midnight

tunedout wrote: »

You could pay your tax fine with them.

http://www.guardian.co.uk/technology/blog/2012/aug/29/apple-samsung-trucks-nickels-fake


Then again they could pay in dollar bills as they are legal tender

A pile of one Billion dollars is already almost 8m tall, about 17m long and 10.5m wide. A single stack of this amount would be higher than 110km or more than 67 miles.

http://www.duvet-dayz.com/assets/post_img/w20080324/1Billion.JPG

$100m mostly in $100 bills
http://www.dailymail.co.uk/news/article-470871/So-thats-100m-looks-like-US-displays-largest-drug-cash-seizure-world-seen.html

Ruu

I count them into piles and pretend that I'm Scrooge McDuck.

Capt'n Midnight

seamus wrote: »

Of course it's profit. While it's sitting in the jar, it's unrealised equity. Worthless.

It's more valuable as a trading token than it's monetary value


Take more than $5 worth of 1c or 5c coins out of the states and you could be looking at 5 years in prison

Rjd2

Thanks for all the replies lads, been counting them on and off all day, over 200 quid so far, and no 1 euro coins yet! :P

Knackered though:(