Do you use "Coinstar"? Is it accurate?

Question

I have a lot of saved coins and a friend of mine told me about coinstar. Is it an accurate count? have you used it before? Are there any negative counts on using coinstar?

Answer 1

I read your question and chuckled, as I just used one today. I love those machines. I marvel at how fast the machine counts the money. It costs 8 cents a dollar, if you want the cash voucher, but if you get an amazon.com certificate it is free. Hey, 8 cents a dollar is alot better than those darn wrappers! The receipt tells you exactly how many pennies, quarters, dimes, nickels, etc. you had, so I think you could check the validity. I just cashed in almost a hundred bucks today at a Winn Dixie grocery store and it paid for my groceries. Try it!!

Answer 2

Well, I have. I love coinstar although you have to be careful because one time I went to a Brookshires to use one and the STORE charged me a 2.00 fee for using the damn machine. They charged me because I was over 50 bucks. It was ridiculous, it didn't cost the store anything. So with that fee and the 8 cent per buck fee it cost me a lot to get the coins cashed in. Check with your store to make sure they do not charge a fee. I don't think they are actually supposed to.

Oh yeah, you also need to make sure that your change is clean or it will not go through the machine. That part of it can be a pain in the rear!

Answer 3

Coinstar charges you money to use thier machine. If you've got $100 in coins, coinstar will take anywhere from $7 to $10 of your money. I'd only suggest it if you are really too lazy to just roll the coins.

Answer 4

I've used it dozens of times and have always been pleased with the results. Some of the Coinstar machines offer gift cards without taking the percentage, so you get full value. My favorite is Amazon.com gift certificates. I just keep loading them to my account and there's usually a few bucks there to plurge with. Go the the Constar web site and poke around. They're on the up and up.

Answer 5

I work where there is a coinstar, the coinstar people will tell you it is impossible to count money wrong, but I disagree. That machine ripped a lady off one day in front of me she put a quarter in and it counted it as a penny. The machine is man made why wouldnt it make a mistake?

Answer 6

When I used it, it took 9 cents for every dollar I put in. I gave it 111.00 worth and only got $99.90.
It would only be worth it if you have no time at all in your life to roll the coins.Paper coin rolls are free and if you invest a little time, you get 10 % more money than using coinstar.

Answer 7

Coin star is very accurate I've tested it, precounted the money and it was right on. The negative side to it is they keep 7% or more. You should check if any banks in your area change in coins. I live in southern New Jersey and Commerce Bank has a machine in every branch of the bank. It is a free service. Good luck Buda.

Answer 8

I use Coinstar all the time. It's very accurate, but they charge about 9 cents on each dollar. You can also take your change to your bank and simply have them deposit it in your account.

Answer 9

I work in a store that has one, it is meant for those who have more change than they know what to do with, and it saves them the trouble of counting and rolling, obviously, if you like that kind of thing. So if you want to be charged for the convenience and for the inherent mechanical errors, then thumbs up to coinstar.

Answer 10

I've used it several times and it takes about 8 cents per dollar, I think. I guess it's accurate. I didn't count my coins before hand because I had a lot.