Coin counting machine - where in Dublin?

Theres one in the Centra in Ranelagh. They charge you 10% for using it though, a f-ing joke really.

BolBill wrote:

Theres one in the Centra in Ranelagh. They charge you 10% for using it though, a f-ing joke really.

In fairness shops have to pay banks to take change. Add the cost of the machine and the electricity to run it you will find they don't make much money if anything.

dunnes do a home version,got one in there around x mas

MorningStar wrote:

In fairness shops have to pay banks to take change. Add the cost of the machine and the electricity to run it you will find they don't make much money if anything.

I would imagine most people are putting in at least €100 at a go, any smaller is worth counting yourself. Shops will usually use the change themselves, they are the ones that are refused change from banks. Coins cost more to make than they are worth (i.e. it might cost 50cent to make a 20 cent coin). So the central bank wants it back in circulation. In the 80's I remember mcdonalds giving free burgers if you brought in £5 in coins, superquinn also had a similar deal with free donuts. Back then the shops were begging to get coins, I think banks charged them to get them.

These machines can be compared in price to any coin operated machines, but the user in this case is paying an average of €10 for "a go", far more profitable than arcade, sweet, coke or condom machines.

Supermarkets are losing out on a simple oppertunity, pay the few grand for a machine to take in coins, and then print out vouchers only usable in the shop- everyones a winner, and the shop doesnt even have to go to the bank for coins. I was hoping the self service aisles in supermarkets would get toll bridge style funnels where you just lash it in- similar idea.

The central bank should certainly offer the service free of charge, it is the taxpayers who foot the bill for replacing all of these hoarded coins at huge cost. If they got a machine for a few grand in the central bank it would pay for itself within a day easily, disgraceful that they don't

Hi All,

I work for one of the coin machine companies. I just get sick of people giving out about the fee......Do you work for nothing? Why should I have to justify getting paid for my working week?

Circulation of Coin is a very complicated business, some of you have touched on some of the issues.

The shops mostly don't own and run the coin machines. It is a seperate and complicated business.

You put your money into the machine....what happens to it? How does the shop get back the cash they give you?
IF you can't be bothered to count a relatively small bag of coin, what makes you think that the shops are dragging out the extremly heavy vaults and counting it...have you any idea how long that would take?

The money must be counted and deposited to a bank account so that the shops can be reimbursed for the money they have given you. However the banks won't take coin, so it must be counted and credited by a company who has the gear.
The machines that do this are owned by big security companies like securicor or brinks, they count the coin, and out of their money they credit the bank accounts. Then they store it...because aswell as being heavy coin takes up alot of space, and then they sell it to the banks or shops. And you know what? they charge for doing all that!

Add to that the cost of the machine in the store, the servicing of it and all the back office stuff, the service charge is not all that high.

Sorry for being so annoyed it is just that common guys, I have to make a buck!