COIN DISPOSAL

[Northern Lights]

A 10% solution? How do you salt water hunters dispose of all those pitted. encrusted and discoloured no special value coins you dig up. When I returned from Florida last year I had a couple handfuls of above mentioned coins. I had no time or interest in using electrolysis on each coin other than the cob which really wasn't a cob.

I just bathed the lot in a shallow solution of CLR which eliminated some of the salt but many were still pitted and some so dark in colour they were hard to distinguish the coinage, but many of them were American coins and of course I had pulled out any silver coins or recent good condition coins I had found. To try and cash them in at a store or business would have raised a few eyebrows and I wasn't sure if our banks would take US coins in that condition, I had found a few Canadian coins down there as well.

I just tossed them in a can and forgot about them. Then the other day while walking out of a large food store here, I noticed a " cash in your coins vending machine " and a bell went off in my head, and I wondered how many of my corroded coins it would take ? I didn't care that the mach would take 10% of the total. I was amazed when I did try it. Out of a couple of hand fulls of coins it only rejected 12 of them and I cashed in a voucher of $28 and change towards the groceries I was buying .

Of course this was just a 1 time venture and I suspect if you were going to use these machines on a continuing basis, you would have to move around and find different ones lol .

 

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[LootHunter]

I took my crusty pennies to a coinstar machine, it got clogged and the manager came over and was all confused by the horrible condition. He didn't seem to care and asked if I cleaned places where people throw change...

I take all my pennies there now, I am to lazy to roll them. Any other coins I roll and take to the bank.

 

[ron lord]

I take all my bad money to a Federal reserve Bank and exchange them. They will give you nice shiny ones.

 

[s1u2r3f4]

I clogged the machine also. After 3 times, I just apologized and left

 

[JRich98150]

Put them all in a nice ziplock Baggie and run them through an auction crusty and uncleaned. There's always a gambler or two in a crowd.

 

[ChampFerguson/TN]

I tumble all my low value coins in sand + water in my rock tumbler and take the results to the FREE coin machine at the credit union. NEVER use something like a coinstar that takes money for the privilege.

 

[SusanMN]

I tumble all my low value coins in sand + water in my rock tumbler and take the results to the FREE coin machine at the credit union. NEVER use something like a coinstar that takes money for the privilege.

Coinstars now let you turn in your money for gift cards to places like ITunes, Amazon, Sears and Home Depot, without any fee.

 

[ChampFerguson/TN]

How is that better than cash money? Are the gift cards for a greater amount than what you put in?
I could go for that.

 

[donkarlos]

I get a lot of rejected coins from coinstar even when they're tumbled.

 

[TheSleeper]

OK you guys correct me if I am wrong.

I believe all banks are required by law to exchange any and all damaged currency, including paper money up to a certain amount, some may require you to have an acct there though.

I know I haven't had any problems turning in bad coins in the past, I tumble them then turn them in as coinstars will not accept them.

 

[ChampFerguson/TN]

Sleep, I have had a bank + a credit union refuse coins and currency but both stated that the stuff had to be sent to the Mint. They both happily provided the address.

I just pass the bad coins 1 or 2 at a time when they wont go thru the coin machine.

 

[Talon]

I tumbled all my clad recently and rolled nickles and above to turn in at my bank. Someone is going to get some weird ugly gray coins! But the pennies even after tumbling still were pitted and eaten away by salt. I ran what I could through the Coinstar and took home around 50 corroded pennies to try to spend or cash in sometime.