turning trash into treasure

[qtrs-xcite-me]

What do you do with the clad coins that are pitted, eroded, defaced to the point they can't be put into circulation? I've been filling empty peanut butter jars with them - but how to generate cash from them?

 

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[Gulf Coast Pirate]

Maybe a bank will trade them in. They do for ripped bills.

 

[eyemustdigtreasure]

What do you do with the clad coins that are pitted, eroded, defaced to the point they can't be put into circulation? I've been filling empty peanut butter jars with them - but how to generate cash from them?

I’ve been told that the mint will take them but you end up losing cash value of the coins and the postage!
I have a coffee can full that I’m going to bury , as they will make a great treasure to find some day for someone…!

 

[Groundhogg]

I leave mine in the coinstar machine 😂 🤣 😂

 

[Heavygold4me]

I throw them in my yard, maybe someday someone will find them.

 

[ArfieBoy]

Tumble them in a rock tumbler to clean them up. The ones like zinc pennies that are horribly corroded are just junk.

 

[qtrs-xcite-me]

Maybe a bank will trade them in. They do for ripped bills.

Unfortunately, the bank will not take them. They require all coins to go through a coin counter that discards anything it does not like. Many years ago, if you took damaged coins to a Federal Reserve Bank, they had to accept them. My research has shown that is no longer true.

I am looking for someone who has come up with an idea for using damaged coins in some kind of profit making craft project or found a way to legally turn them into scrap metal revenue.

I wonder, sometimes, how much of the national debt is worthless coins buried in the ground.

 

[Blackfoot58]

Put them in old glass canning jars and sell them on eBay. I’ve seen it done with new marbles and buttons.

 

[robertk]

I wonder, sometimes, how much of the national debt is worthless coins buried in the ground.

Actually the government "makes money" on coins, since they're made of cheap metals by the US Mint, who then sells them into circulation at face value. They lose money on pennies and nickels, but make a bit on all the rest. But yeah, a couple of years in the ground and they're toast.

 

[Gulf Coast Pirate]

Unfortunately, the bank will not take them. They require all coins to go through a coin counter that discards anything it does not like. Many years ago, if you took damaged coins to a Federal Reserve Bank, they had to accept them. My research has shown that is no longer true.

I am looking for someone who has come up with an idea for using damaged coins in some kind of profit making craft project or found a way to legally turn them into scrap metal revenue.

I wonder, sometimes, how much of the national debt is worthless coins buried in the ground.

Yeah, look how much gets thrown away....

Americans Throw Away $62 Million In Coins Each Year. Here's A Plan To Cut That

Know that financial cliché about “throwing money away?” Turns out it’s actually — literally — true. As Bloomberg reported earlier this month, Americans chuck an estimated $62 million in coins into the trash each year. “The coins get swept off restaurant tables, mixed in with scraps when people...

www.forbes.com