Do people still wrap coins at home? I’m supposing nowadays the thing to do is lug the basket or bottle to your bank or a big store (there’s a Jewel I sometimes go to that does this) and they will run your coins thru a sorting/wrapping machine. They might give you back the coin rolls, or more usefully a credit slip you take to a teller and deposit.
I had the same thought one day when I saw coin wrappers for sale at WallyWorld.
The last time I tried to turn in rolls of coins to a U.S. bank, they didn’t want to take them. The reason was simple: they would have to open the rolls and recount the coins (and verify that they were not filled with washers, etc.) Years later, I saw a coin counter in another branch of the same bank, but found out that there was a fee for using it (I don’t remember whether it was a flat rate or a percentage.)
Both of these options exist In Germany. The bank we use will nick you for €7.50 when you sumbit a bag of coins to be counted and credited, although they will waive the fee for children’s accounts.
Or, one of the largest local supermarkets has a coin counting machine in the foyer. Instead of cash notes, it produces a coupon that can be used in the supermarket. That’s OK, but the value of the coupon is only 90% of the value of the coins (in other words, they take a 10% cut for the use of the machine).
What I see locally is coin counting machines that do not wrap but put the money on a gift card for the store..
My experience is that banks will only take rolls from customers, and they put your account number on the wrapper.
Machines charge you about 7%, but many of them will give you full value if you take a gift card (Amazon, etc) rather than cash.
Uh, why does everyone except me apparently have a problem with just “spending” the coins?
Unless there are people behind me in line who might object to waiting a few extra seconds, I try to pay with exact cash and change when possible, and if a bill is a matter of only a couple of dollars, to pay with all coins. Between that and quarters for the parking meters, I never accumulate enough coins to be tempted by one of those “let us count them for you” machines.
Ocassionally I find myself with more pennies than I want to have weighing down my pocket, but they can always go in the “give/take a couple of pennies” saucers on every other business counter I see.
@ Shrug – It’s all a question of volume. During the state quarter program. I had purchased four or five rolls to hunt for the ones I still needed to fill the album. It took a fair amount of effort to spend the ones I did not need before we flew back.
Here, my son has collected a bottle full of one- & two-cent Euro coins. At fhis point, it would take eons to get rid of them all through “normal” means.
At my bank, if you bring in a big jar of pennies, they just weigh them.
I don’t use cash often, but when I do I try to use change if what I have will help.
@ kedamono – Weighing pennies would never work in Germany. Besides the general exactitude of the populace, copper-colored Euro “cent” coins come in three denominations: 1¢, 2¢, & 5¢. They all have slightly different sizes, but the designs (of the German mintage) are virtually identical, making them hard to recognize immediately.
A few German stores have even started to round prices down (at the register) to the next lower 5¢ level, so that they don’t have to deal with the 1¢ & ¢ coins at all. This is already official practice in Finland (they didn’t even bother minting or distributing those coins there) and also the de-facto practice in Greece.
P.S. Before someone else objects, yes, I know that the ¢-sign is not generally used for Euro “cents”.
P.P.S. @ Brian in StL – Most Germany cashiers used to be surprisingly unwilling to accept extra change with paper money. Perhaps they just didn’t want to deal with non-standard math. This has changed a lot in recent years: major chains have discovered that they can significantly reduce their on-hand cash reserves by lowering the amount of change in all of the registers. In some stores, cashiers will even ask for corresponding change, to reduce the outflow of their limited supply.
Spending the coins is hard because I don’t always think to take my pile with me. So I have to pay with bills and then get more change. It was a different story back when I used cash more often.
I never take them out. I transfer from pocket to pocket like other items.
Never had a problem with rolled coins at a bank, but they do charge businesses for same in or out of the bank. Why do we end up with coins – Robert tosses them in a holder at the end of the day. I leave them in the car for when he needs some (well, women’s clothing does not have pockets).
Many of the machines to get rid of change at stores charge a fee unless one is using it to pay in the store.
One of the credit unions around here uses a pneumatic system for deposits (tellers are in the back and the transactions go to them by tube). One has to dump change into a machine and get a receipt to use to deposit or change it to bills.
Paper coin wrappers are free at banks if one asks for some.
Comics I Don't Understand 
Seems like he’d cost a lot to feed, though.
Do people still wrap coins at home? I’m supposing nowadays the thing to do is lug the basket or bottle to your bank or a big store (there’s a Jewel I sometimes go to that does this) and they will run your coins thru a sorting/wrapping machine. They might give you back the coin rolls, or more usefully a credit slip you take to a teller and deposit.
I had the same thought one day when I saw coin wrappers for sale at WallyWorld.
The last time I tried to turn in rolls of coins to a U.S. bank, they didn’t want to take them. The reason was simple: they would have to open the rolls and recount the coins (and verify that they were not filled with washers, etc.) Years later, I saw a coin counter in another branch of the same bank, but found out that there was a fee for using it (I don’t remember whether it was a flat rate or a percentage.)
Both of these options exist In Germany. The bank we use will nick you for €7.50 when you sumbit a bag of coins to be counted and credited, although they will waive the fee for children’s accounts.
Or, one of the largest local supermarkets has a coin counting machine in the foyer. Instead of cash notes, it produces a coupon that can be used in the supermarket. That’s OK, but the value of the coupon is only 90% of the value of the coins (in other words, they take a 10% cut for the use of the machine).
What I see locally is coin counting machines that do not wrap but put the money on a gift card for the store..
My experience is that banks will only take rolls from customers, and they put your account number on the wrapper.
Machines charge you about 7%, but many of them will give you full value if you take a gift card (Amazon, etc) rather than cash.
Uh, why does everyone except me apparently have a problem with just “spending” the coins?
Unless there are people behind me in line who might object to waiting a few extra seconds, I try to pay with exact cash and change when possible, and if a bill is a matter of only a couple of dollars, to pay with all coins. Between that and quarters for the parking meters, I never accumulate enough coins to be tempted by one of those “let us count them for you” machines.
Ocassionally I find myself with more pennies than I want to have weighing down my pocket, but they can always go in the “give/take a couple of pennies” saucers on every other business counter I see.
@ Shrug – It’s all a question of volume. During the state quarter program. I had purchased four or five rolls to hunt for the ones I still needed to fill the album. It took a fair amount of effort to spend the ones I did not need before we flew back.
Here, my son has collected a bottle full of one- & two-cent Euro coins. At fhis point, it would take eons to get rid of them all through “normal” means.
At my bank, if you bring in a big jar of pennies, they just weigh them.
I don’t use cash often, but when I do I try to use change if what I have will help.
@ kedamono – Weighing pennies would never work in Germany. Besides the general exactitude of the populace, copper-colored Euro “cent” coins come in three denominations: 1¢, 2¢, & 5¢. They all have slightly different sizes, but the designs (of the German mintage) are virtually identical, making them hard to recognize immediately.
A few German stores have even started to round prices down (at the register) to the next lower 5¢ level, so that they don’t have to deal with the 1¢ & ¢ coins at all. This is already official practice in Finland (they didn’t even bother minting or distributing those coins there) and also the de-facto practice in Greece.
P.S. Before someone else objects, yes, I know that the ¢-sign is not generally used for Euro “cents”.
P.P.S. @ Brian in StL – Most Germany cashiers used to be surprisingly unwilling to accept extra change with paper money. Perhaps they just didn’t want to deal with non-standard math. This has changed a lot in recent years: major chains have discovered that they can significantly reduce their on-hand cash reserves by lowering the amount of change in all of the registers. In some stores, cashiers will even ask for corresponding change, to reduce the outflow of their limited supply.
Spending the coins is hard because I don’t always think to take my pile with me. So I have to pay with bills and then get more change. It was a different story back when I used cash more often.
I never take them out. I transfer from pocket to pocket like other items.
Never had a problem with rolled coins at a bank, but they do charge businesses for same in or out of the bank. Why do we end up with coins – Robert tosses them in a holder at the end of the day. I leave them in the car for when he needs some (well, women’s clothing does not have pockets).
Many of the machines to get rid of change at stores charge a fee unless one is using it to pay in the store.
One of the credit unions around here uses a pneumatic system for deposits (tellers are in the back and the transactions go to them by tube). One has to dump change into a machine and get a receipt to use to deposit or change it to bills.
Paper coin wrappers are free at banks if one asks for some.