# Depositing coins at the bank **URL:** \ **Category:** In My Humble Opinion\ **Created:** [May 11, 2018, 4:04pm UTC](https://boards.straightdope.com/t/depositing-coins-at-the-bank/813998 "2018-05-11T16:04:15Z")\ **Posts on this page:** 8\ **Page:** 4
**Author:** ![Enright3](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/enright3/32/2897_2.png) [@Enright3](https://boards.straightdope.com/u/Enright3)\ **Post date:** [May 15, 2018, 9:58pm UTC](https://boards.straightdope.com/t/depositing-coins-at-the-bank/813998/61 "2018-05-15T21:58:26Z")
> [@MoonMoon](#): > > Time is money. I would go the Coinstar route without a second of hesitation. That’s just silly for too many reasons to mention. Losing 10 to 15 cents on the dollar is money too. Is your day really so busy that taking a couple of hours to roll coins is actually COSTING you money? :dubious: > [@Chefguy](#): > > Most banks have a coin counter machine right in the lobby and won’t accept hand-rolled coins. My CU has one, and its use is free for members. Last time I took rolled coins in, they sent me to the machine, and most of them were mint-issued rolls of quarters. I have never seen this. Ever. I selected the choice to roll them; but in reality I think it’s funny the number of people that are acting like there is only one right answer. They’re coins. If you have some time while you’re watching TV some evening; then sit on the floor and roll them. If you don’t want to mess with it, and don’t mind paying 15%; then use Coinstar. Here’s a twist… Do both! 🙂 I think someone said something similar above… pull out the silver coins and either spend it or roll it. Leave the useless pennies for a Coinstar machine. A friend of mine used to save up all of his coins for a year and bet it on the Kentucky Derby. OK, so that’s unrelated and doesn’t help any, but I thought it was interesting to add to this thread. \*\*Unfortunately i have no idea how he cashed in his coins, except to say this was 20+ years ago; and I’m not sure if Coinstar was really around in Tulsa, OK then. ---
**Author:** ![kayaker](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/kayaker/32/441_2.png) [@kayaker](https://boards.straightdope.com/u/kayaker)\ **Post date:** [May 16, 2018, 11:06am UTC](https://boards.straightdope.com/t/depositing-coins-at-the-bank/813998/62 "2018-05-16T11:06:31Z")
> [@Enright3](#): > > That’s just silly for too many reasons to mention. Losing 10 to 15 cents on the dollar is money too. Is your day really so busy that taking a couple of hours to roll coins is actually COSTING you money? :dubious: What is your time worth per hour? Are you saving enough money by rolling coins to pay yourself for the time it takes? I use CoinStar, but I take the Amazon option, since most of my non-food shopping is on Amazon. ---
**Author:** ![BwanaBob](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/bwanabob/32/2985_2.png) [@BwanaBob](https://boards.straightdope.com/u/BwanaBob)\ **Post date:** [May 16, 2018, 1:35pm UTC](https://boards.straightdope.com/t/depositing-coins-at-the-bank/813998/63 "2018-05-16T13:35:09Z")
I voted coinstar, but I have a caveat. Rolling your own is only inefficient “time-wise” for pennies and maybe nickels. I would roll the dimes and quarters myself and let the machine do the “chump” change. ---
**Author:** ![Dewey\_Finn](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dewey_finn/32/4222_2.png) [@Dewey\_Finn](https://boards.straightdope.com/u/Dewey_Finn)\ **Post date:** [May 16, 2018, 1:41pm UTC](https://boards.straightdope.com/t/depositing-coins-at-the-bank/813998/64 "2018-05-16T13:41:40Z")
> [@Enright3](#): > > I selected the choice to roll them; but in reality I think it’s funny the number of people that are acting like there is only one right answer. They’re coins. If you have some time while you’re watching TV some evening; then sit on the floor and roll them. If you don’t want to mess with it, and don’t mind paying 15%; then use Coinstar. Did you notice that people in this very thread pointed out that you _don’t_ pay 15% if you cash in your coins at the Coinstar machine and take the payout in the form of a gift code for Amazon or another retailer? ---
**Author:** ![Enright3](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/enright3/32/2897_2.png) [@Enright3](https://boards.straightdope.com/u/Enright3)\ **Post date:** [May 17, 2018, 4:31pm UTC](https://boards.straightdope.com/t/depositing-coins-at-the-bank/813998/65 "2018-05-17T16:31:57Z")
> [@Dewey\_Finn](#): > > Did you notice that people in this very thread pointed out that you _don’t_ pay 15% if you cash in your coins at the Coinstar machine and take the payout in the form of a gift code for Amazon or another retailer? Yes, I did notice. I guess that means I wasn’t talking about that group of people. I was talking about the group of people that were willing to pay 15% to get cash right away at Coinstar. Did you notice that I also said “I think it’s funny the number of people that are acting like there is only one right answer?” ---
**Author:** ![Buck\_Godot](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/buck_godot/32/6573_2.png) [@Buck\_Godot](https://boards.straightdope.com/u/Buck_Godot)\ **Post date:** [May 17, 2018, 5:01pm UTC](https://boards.straightdope.com/t/depositing-coins-at-the-bank/813998/66 "2018-05-17T17:01:08Z")
My bank has a coin-star equivalent on site which gives out a receipt you can deposit into your account at face value. I’m surprised that most banks don’t do this. Its a nice perk for the customer base, prevents purposeful and accidental undercounting, and it prevents customers taking a jar full of unwrapped coins to the teller window and getting upset when they aren’t accepted. ---
**Author:** ![Johnny\_L.A](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnny_l.a/32/1084_2.png) [@Johnny\_L.A](https://boards.straightdope.com/u/Johnny_L.A)\ **Post date:** [May 17, 2018, 7:36pm UTC](https://boards.straightdope.com/t/depositing-coins-at-the-bank/813998/67 "2018-05-17T19:36:28Z")
The thing about Amazon gift codes is that I’ll spend it. It takes more effort to spend money when it’s in the bank. 😉 ---
**Author:** ![Johnny\_L.A](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnny_l.a/32/1084_2.png) [@Johnny\_L.A](https://boards.straightdope.com/u/Johnny_L.A)\ **Post date:** [May 22, 2018, 8:05pm UTC](https://boards.straightdope.com/t/depositing-coins-at-the-bank/813998/68 "2018-05-22T20:05:31Z")
Cleaning out the storage trailer. I found my collection of state quarters. Unfortunately, I was laid off in 2003 and never did finish the collection. So I took six rolls of quarters (same state in each roll, annotated) to the bank and deposited them. There was a cookie tin filled with 35 mm film canisters, and the canisters had quarters from various states in them. Those got dumped into the change bucket. I removed the quarters that were already in the books, and put them in the bucket. The books went into the recycling bin. Suzies? I didn’t count them. There were a bunch of them. Bucket. So this bucket a little smaller than a Vegemite pail has about an inch and a half of mostly quarters and dollars, and some other change. Should result in a pretty good haul once it’s filled up. (I couldn’t surrender the full-size dollar coins or the half-dollars to the bucket. Nor the rolls of Bicentennial quarters.) [Previous page](https://boards.straightdope.com/t/depositing-coins-at-the-bank/813998.md?page=3)