How do you cash in coins after going through rolls?

[ThinIce]

Do you need to buy coin rolls in order for banks to take back coins? Having to bring in 50-100 dollars worth of coins can be tedious for the teller to put back in rolls, and I've heard of banks rejecting taking in large amounts of change without rolling. How do you guys cash in your sorted rolls?

 

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[enamel7]

Read the beginner's guide on the coin roll hunting forum sticky.

 

[NHBandit]

Depends on the bank. Most if not all will still give you wrappers for free if you have an account. But.. Some prefer the coins to be loose so they can dump them into their coin counters and some prefer them rolled. No one answer to your question really.

 

[kcm]

Seems many of the CRHers here now have to roll their coins before taking them to the bank. In my area, that's unheard of! They simply will not take rolled coins at any local bank!! So NHBandit is spot on - it depends on your area.

 

[dejapooh]

I have a local Credit Union that has a coin counting machine. If you have a child's account, or if you have enough account points (direct deposit, paperless monthly, so on all earn points), Get enough points and you can use the coin counter for free.

 

[Bigreno]

One thing I like about my Credit Union is the coin counter in the lobby. You just walk up, dump in your coins and it spits out a receipt. Take it to the teller and as long as you have an account there, they hand you the cash or deposit it. They do charge a fee if you don't have an account though.

 

[fistfulladirt]

One of my credit unions let me haul in bags of loose coin in the amount of hundreds of dollars at a time. It was counted (weighed) by the armored service. Never once had a problem.
The CU gave me cash immediately, I did this for several years.

 

[G.I.B.]

I got 4 rolls of gold presidential dollars from my bank. (I spend them)

Each roll was exactly 1 coin short.

I went back to my branch (they know me well) and they started opening the rest of the rolls. They took in 20 rolls from a woman and exchanged for paper.

Each roll was one coin short.

They gave me 4 bucks making my rolls correct, and took the loss on theirs.

They don't take rolls anymore.

 

[smokeythecat]

My local credit union also has a coin counter in the lobby. Head mean teller told me the other day they do NOT take rolled or loose coins.

 

[Old Bookaroo]

G.I.B.:

A few years we went to Mexico on vacation and I took some "gold" presidents to give away as tips. I thought they were cool. My wife thought I was nutz.

As usual she was right and I was wrong. People thought I'd made them myself, didn't know what they were, acted strange when I handed them out, etc., etc. A complete bust.

Good luck to all,

The Old Bookaroo, CM

 

[fistfulladirt]

G.I.B.:

A few years we went to Mexico on vacation and I took some "gold" presidents to give away as tips. I thought they were cool. My wife thought I was nutz.

As usual she was right and I was wrong. People thought I'd made them myself, didn't know what they were, acted strange when I handed them out, etc., etc. A complete bust.

Good luck to all,

The Old Bookaroo, CM

I know - we act the same here in the US when we are handed those coins -

 

[MotherOfGeeks]

I think it is entertaining. The kids and I volunteer at a renaissance faire during the summer as cashiers & the Faire gives the small gold and silver dollars out as change. The reactions vary greatly, anywhere from "Give me REAL money" to "those are so cool".

 

[kcm]

G.I.B.:

A few years we went to Mexico on vacation and I took some "gold" presidents to give away as tips. I thought they were cool. My wife thought I was nutz.

As usual she was right and I was wrong. People thought I'd made them myself, didn't know what they were, acted strange when I handed them out, etc., etc. A complete bust.

Good luck to all,

The Old Bookaroo, CM

That was my reaction when I got the first Pres coin. Problem was, it was MY OWN BANK giving it to me, and even the teller hadn't seen them before!!