coin conversion machines taking over

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12-30-2016, 07:43 PM
Post: #1
coin conversion machines taking over
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When I went into the grocery store today, I noticed a different type of coin machine. This one has the coin return sticking out instead of recessed like the coinstar. I think this will be reducing the number of rejected coins that are left because they are not seen. Not good for us coin return sweepers. Time to find a store with the real coinstar machine.


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Groundhog, proud to be a member of Treasure Classifieds Forum since Dec 2015.
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12-31-2016, 11:07 AM
Post: #2
RE: coin conversion machines taking over
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We don't see many of the coin machines here in our rural area, but I have started paying attention to the one I know about locally. Haven't seen anything of note, but some of the reports I have read here make me want to scan the machine every time I pass by. I did do a little coin searching at the bank last week and was happy to see 5 wheats from 6 penny rolls. I'm ready to try that again since that's better than I'm doing with the detector and the outdoor hunting time may be coming to a close anyway.

shadeseeker, proud to be a member of Treasure Classifieds Forum since Oct 2015.
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12-31-2016, 04:19 PM
Post: #3
RE: coin conversion machines taking over
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Never seen that brand before. I believe one of the bigger coin counting machine companies was fined recently, as they weren't paying out the actual percentage of coins. There was an even article a reporter did where he tested a few different machines in separate stores to gauge their accuracy, and most of them were off...in favor of the machine company, of course. They were small amounts if I remember correctly - from a few cents to a couple of dollars - but when your company has thousands and thousands of machines across the world, with millions of dollars being processed through them daily, those small amounts add up quite quickly. Still...

I'm a fan of the counting machines, and use them at least a couple of times per year. Sure beats having to roll all of our clad up in wrappers for delivery to the bank, so the fees are worth it, IMO.

NjNyDigger, proud to be a member of Treasure Classifieds Forum since 2013.

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12-31-2016, 05:01 PM
Post: #4
RE: coin conversion machines taking over
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Thanks for the heads up on the new machine. If coins hit the floor most folks will not bend to retrieve them. As I have seen folks at Coin Star not doing it even though they were their coins. Most of us bend down for cents anyway it's no big deal.
Coin Star has a statement that tells users the coins it will reject before you use the machine - at least it does on the two I used in my area. So it is user beware for sure.

Bigtony, member of Treasure Classifieds Forum since Jan 2015.
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01-03-2017, 11:07 PM
Post: #5
RE: coin conversion machines taking over
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Never seen one of those yet, but I don't get out much to stores. So far in my consumer adventures I've only ever seen one.

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01-03-2017, 11:29 PM
Post: #6
RE: coin conversion machines taking over
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I hope they stay away from my neck of the woods as I still need my first silver that I've been looking for!

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