Tracy said...

> Andy wrote:
>>
>>
>> I called around and found banks in town that count coins for free. No
>> wrapping coins.
>>
>> The idea of paying coinstar, what is it, 7%? What investments these
>> days earn that kind of return on investment??? They're a rip-off.
>>
>> I only store a 16 ounce plastic cup of coins at a time. A friend had
>> the 5- gallon water bottles filled with coins. You couldn't pick the
>> thing up!
>>
>> Andy
>
> I called around a couple of months ago and NONE of the major banks
> offered coin counting. This is the Boston area.
>
> As far as I know, my bank will take my wrapped coins without a fee.
>
> I have a now way nearly full 5 gallon water jug and let me tell you, I
> am switching to a smaller container after I finish wrapping up what I
> have.
>
> -Tracy


Tracy,

Banks should really offer free coin counting. I wonder how many valuable
coins are turned into banks, who if they took the time could turn up some
highly collectibles they could sell at coin shows. I don't know if banks
are renowned coin collectors but I have to wonder.

A year or so ago at an almost all cash convenience store, I was given a
Mercury head dime in change. Very poor condition and not very collective. I
added it to the collection. Somebody was probably using a stolen coin
collection to buy Mountain Dews.

When the new dollar coins came out I would run to all the banks and buy $25
rolls of them and inspect them for $10,000 faults, turning them back in if
they unblemished. Didn't take them but a couple weeks to catch on to my
system. Never did see a flawed coin. (( It WAS fun while it lasted.

Best,

Andy