#1
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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? |
#2
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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.
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#3
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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.
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#4
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Re: Man cashes in $13,000 in pennies at coinstar.
wouldnt the machine fill up?
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#5
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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. |
#6
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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. |
#7
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Re: Man cashes in $13,000 in pennies at coinstar.
[ QUOTE ]
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. |
#8
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Re: Man cashes in $13,000 in pennies at coinstar.
i would think it would be pretty easy to negotiate a better rate someplace
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#9
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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 [/ QUOTE ] 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.... |
#10
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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. |
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