Man cashes in $13,000 in pennies at coinstar.
 

I came across this while trying to find out how much juice coinstar takes.


New World Record Penny Cash-in

FLOMATON, Ala. - June 22, 2005
Coinstar, Inc. customer, Edmond Knowles, today broke the world’s record for the largest ever personal penny collection with a cash-in of 1,308,459 pennies (or $13,084.59) at Escambia County Bank’s Coinstar machine in Flomaton, Alabama.

The pennies, which Knowles stored in four 55-gallon and three 20-gallon oil barrels in his garage, weighed more than 4.5 tons. The collection set a new world record as well as broke Coinstar’s existing record for the most pennies cashed-in by a customer. The previous Coinstar record was 1,048,013 pennies (or $10,480.13) set in November 2004 in Barberton, Ohio.


I have 53 pounds in mixed change.

Anyone have more than that?

Re: Man cashes in $13,000 in pennies at coinstar.
 

i think they take like 8%! i cringe at the thought of anyone ever using one of those machines.

Re: Man cashes in $13,000 in pennies at coinstar.
 

I Coinstarred about $350 in various change a couple months ago. Not sure how much it weighed.

Re: Man cashes in $13,000 in pennies at coinstar.
 

wouldnt the machine fill up?

Re: Man cashes in $13,000 in pennies at coinstar.
 

[ QUOTE ]
i think they take like 8%! i cringe at the thought of anyone ever using one of those machines.

[/ QUOTE ]

If we're talking about $13,000 in pennies, I'd imagine that the 8% is worth substantially less than the amount of time it would take to roll 1.3 million pennies by hand.

Re: Man cashes in $13,000 in pennies at coinstar.
 

[ QUOTE ]
i think they take like 8%! i cringe at the thought of anyone ever using one of those machines.

[/ QUOTE ]

Can you offer an alternative?

Besides rolling the coins myself.

Re: Man cashes in $13,000 in pennies at coinstar.
 

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The pennies, which Knowles stored in four 55-gallon and three 20-gallon oil barrels in his garage, weighed more than 4.5 tons.

[/ QUOTE ]

[ QUOTE ]
I have 53 pounds in mixed change.
Anyone have more than that?

[/ QUOTE ]

It's like some weird quiz where he reveals the answer first.

Re: Man cashes in $13,000 in pennies at coinstar.
 

i would think it would be pretty easy to negotiate a better rate someplace

Re: Man cashes in $13,000 in pennies at coinstar.
 

[ QUOTE ]
i would think it would be pretty easy to negotiate a better rate someplace

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I called a few banks and some of them told me they used to have machines that took no percentage on change. But no longer....

Re: Man cashes in $13,000 in pennies at coinstar.
 

[ QUOTE ]
[ QUOTE ]
i think they take like 8%! i cringe at the thought of anyone ever using one of those machines.

[/ QUOTE ]

Can you offer an alternative?

Besides rolling the coins myself.

[/ QUOTE ]

Go to Commerce Bank in PA, NJ, DE, etc. They have free coin-counting machines. Just dump the coins in, it spits out a receipt, take it to the counter, they give you cash.

I don't think you even need to be a customer, but I may be wrong.

Edit: 8% is rape, no matter how much or how little your coinage is.