Are you throwing Silver away?

joeykoins

Hi guy's, When you take a gander in the return bin of the Coin Star machines, looking for the obvious. Wheaties, American silver or what have you. Are you putting aside the Canadian Silver without knowing it? American silver coins are from 1964 and under. Canadian silver coins start from 1968 and under! Dimes and quarters anyway. Check closely next time for our neighbors silver from the north. You'll be glad you did.

ajaan

Not all Canadian 10c and 25c from 1968 are silver. Use a magnet to weed out the non-silver ones.

LindeDad

Silver keeps going the way it is will worth less than clad.

joeykoins

Originally posted by: ajaan
Not all Canadian 10c and 25c from 1968 are silver. Use a magnet to weed out the non-silver ones.

So, if the coin sticks to the magnet it's not silver? I didn't realize that there was a difference? Thanks.

DrBuster

Got a silver rosie in change a couple weeks ago actually.

coindeuce

Originally posted by: joeykoins

Originally posted by: ajaan

Not all Canadian 10c and 25c from 1968 are silver. Use a magnet to weed out the non-silver ones.

So, if the coin sticks to the magnet it's not silver? I didn't realize that there was a difference? Thanks.

Canada transitioned from 50% silver to nickel with dimes, quarters and half dollars in 1968. The nickel coins have some ferrous alloy in them, which has magnetic properties.

I picked over $1 Canadian from a CoinStar recently. It spends here on par with U.S. in discreet amounts.

joeykoins

Just thought of this. Coin Star is the only vending machine that distributes Silver. (besides the bank machines) Has anyone ever found Gold in Coin Star?

coindeuce

Originally posted by: joeykoins

Just thought of this. Coin Star is the only vending machine that distributes Silver. (besides the bank machines) Has anyone ever found Gold in Coin Star?

CoinStar doesn't have any bullion vending machines that I know of.

If you meant to state "rejects" silver - all modern product vending machines reject silver coins. They have been redesigned since the inception of clad coinage to only accept copper-nickel copper clad coins.



CoinStar only has change counting machines.

silverpop

what goes into the coinstar is already picked over for anything interesting or catches my notice

OPA

Originally posted by: coindeuce

Originally posted by: joeykoins
Just thought of this. Coin Star is the only vending machine that distributes Silver. (besides the bank machines) Has anyone ever found Gold in Coin Star?

CoinStar doesn't have any bullion vending machines that I know of.
If you meant to state "rejects" silver - all modern product vending machines reject silver coins. They have been redesigned since the inception of clad coinage to only accept copper-nickel copper clad coins.

CoinStar only has change counting machines.

Exactly...they count your "change" and give you a voucher redeemable for "less change"...or a not to popular g.c. for your "change."

coindeuce

Some CoinStar change counters have placement in establishments where a voucher option selection allows for 100% value of the change if the voucher is used toward merchandise purchased in that establishment. Been there, done that. Think Walmart and some major grocery chains.

joeykoins

Originally posted by: coindeuce

Originally posted by: joeykoins
Just thought of this. Coin Star is the only vending machine that distributes Silver. (besides the bank machines) Has anyone ever found Gold in Coin Star?

CoinStar doesn't have any bullion vending machines that I know of.
If you meant to state "rejects" silver - all modern product vending machines reject silver coins. They have been redesigned since the inception of clad coinage to only accept copper-nickel copper clad coins.

CoinStar only has change counting machines.

Yes, you are correct. I meant, reject, like you stated. When I said that Coin Star is the only vending machine... I said it with tongue and cheek. Most vending machines distribute candy, soda, chips, etc. From these machines we receive better than all that's mentioned, we receive SILVER!

Lakesammman

Asked the CEO of CoinStar once if I could be their official numismatist.



He said sure, then explained how they move large bins of coins by forklift in the secure facility.



Sounded like looking for a needle in a haystack, so nothing came of it.

ebaybuyer

the next time you use a coinstar, count the change before dumping ... you will be amazed at what doesn't get counted. my local TCF "overlooks" at least 10% of whats dumped in

TwoSides2aCoin

Offered the old widow 2% more than Coin Star and made out like a bandit. She even paid the $25 charge for picking it up.


Someone had to pay that Uber driver.

.... coin dealers.

lkeigwin

Originally posted by: coindeuce

Some CoinStar change counters have placement in establishments where a voucher option selection allows for 100% value of the change if the voucher is used toward merchandise purchased in that establishment. Been there, done that. Think Walmart and some major grocery chains.

I'm surprised the gift-card option isn't more popular. At a local Coinstar you can get 100% of your deposit and redeem it at more than a dozen businesses, in person or online. Places like Amazon, Best Buy, iTunes, Lowe's, Home Depot, Starbucks, Staples, etc.



This is the only way I'd use Coinstar.

Lance.

dcarr

Originally posted by: coindeuce

Originally posted by: joeykoins

Originally posted by: ajaan
Not all Canadian 10c and 25c from 1968 are silver. Use a magnet to weed out the non-silver ones.

So, if the coin sticks to the magnet it's not silver? I didn't realize that there was a difference? Thanks.

Canada transitioned from 50% silver to nickel with dimes, quarters and half dollars in 1968. The nickel coins have some ferrous alloy in them, which has magnetic properties.
I picked over $1 Canadian from a CoinStar recently. It spends here on par with U.S. in discreet amounts.

The non-silver Canadian nickels (1968-1981), dimes (1968-1999), quarters (1968-1999), halfs (1968-2001), and dollars (1968-1986) are basically pure nickel. There is no ferrous (iron) content in them. But pure nickel is magnetic. Cupro-nickel (typically 75% copper and 25% nickel) is non-magnetic. Silver, copper, and gold are also non-magnetic.

Canadian nickels from 1982-1999 are non-magnetic cupro-nickel like US 5-cent coins.

Most of the Canadian coins (minted since the dates posted above) are currently plated steel (magnetic).

WaterSport

Any amount of silver coinage found - goes right back where I found it - in circulation.

WS

ProofArtworkonCircs

I remember a college physics demonstration that showed a US bronze cent was diamagnetic. It was slightly repelled by the magnet.

BAJJERFAN

Originally posted by: Lakesammman

Asked the CEO of CoinStar once if I could be their official numismatist.



He said sure, then explained how they move large bins of coins by forklift in the secure facility.



Sounded like looking for a needle in a haystack, so nothing came of it.

So what do they do with them? Bag or roll them and sell them for face value to banks, etc.?

pocketpiececommems

I always use the 100% voucher at Coinstar when cashing in metal detecting money. Sometimes the machine has a problem with the voucher and they just give you 100% cash instead.

mustangmanbob

Found a silver roosie and a 43 Merc this week, along with some Canadian (rare in Texas), plus the usual console coin melds, all in one machine.

joeykoins

Originally posted by: mustangmanbob
Found a silver roosie and a 43 Merc this week, along with some Canadian (rare in Texas), plus the usual console coin melds, all in one machine.

Ever find any Gold coins?

TwoSides2aCoin

Honestly my friend, it's not really something I do (looking into change slots on machines) in public. What I find intriguing is attempting to read the dates of coins that people drop in fountains at the mall, or in parks. People think I'm weird looking in the fountains with binoculars. ... LQQKING for varieties

ricko

I check the reject bin of the Coinstar at the market... often find rejects.... last one was four dimes, five cents and a ten cent Irish Euro..... no silver. Cheers, RickO

BAJJERFAN

Originally posted by: ebaybuyer

the next time you use a coinstar, count the change before dumping ... you will be amazed at what doesn't get counted. my local TCF "overlooks" at least 10% of whats dumped in

Was a segment on nightly business report last night about con counters like CoinStar!