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Gold Coin Coinstar find...What's the right thing to do?

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  • BAJJERFANBAJJERFAN Posts: 31,167 ✭✭✭✭✭

    @nags said:

    @BAJJERFAN said:

    @nags said:

    @BAJJERFAN said:

    Technically Coinstar [or whoever owns the machine/s] owns the coins because they "bought" them from you for face value by exchanging paper money or equivalent for them.

    Legally, this is 100% incorrect.

    So if you go to a store and buy something for $1 and give the clerk 4 quarters are you saying that those are still your quarters after you leave the store? I don't think so.

    If you deposit a bunch of loose change in a bank account are those coins still yours after you leave the bank?

    I'm saying, that if property is stolen, and subsequently sold, the property still belongs to the original owner. What happens when a coin shop or pawn shop buys a stolen coin? The stolen property is returned to the owner and the buyer has a claim for restitution against the wrongdoer.

    Yes, but that's an exception that we've already established. In the absence of theft who owns the coins that YOU exchanged for something else?

    theknowitalltroll;
  • CoinHoarderCoinHoarder Posts: 2,613 ✭✭✭✭✭
    Keep it; It's my lucky day and the owner's tough luck

    @telephoto1 said:
    We had a customer pop in who had this exact thing happen to him. Found a $2.50 Indian in a Coinstar reject slot.
    He actually did one of the options below. Answer later.
    I thought this would make a good poll.
    So, You see a gold coin in the reject slot at the local supermarket's Coinstar machine. What do you do?
    Please vote and elaborate on your choice below.

    Nothing in the initial post says anything about "stolen" coins.

    So, unless I missed it, what option in your poll did this person actually do?

  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭

    So maybe someone should find out how casinos handle this or what they think about rights. Telephoto1 please don’t tell anyone they can or can’t post. Very combative

    🎶 shout shout, let it all out 🎶

  • JBKJBK Posts: 15,960 ✭✭✭✭✭
    Keep it; It's my lucky day and the owner's tough luck

    @Jzyskowski1 said:
    Telephoto1. This is not about coin star it’s about some deep problem that you’re attempting to work out with other people or situations that somehow relate to your problem. Clue. You keep changing sides with the same results. I hope you can find the answer to your questions about honesty and help with why what others do is relevant to your situation.

    Good observation.

    I am starting to think this poll was a set-up from the beginning. The OP got the range of answers that one would expect. And then came the accusations of corrupt integrity....

  • telephoto1telephoto1 Posts: 4,945 ✭✭✭✭✭

    @Jzyskowski1 said:

    Telephoto1. This is not about coin star it’s about some deep problem that you’re attempting to work out with other people or situations that somehow relate to your problem. Clue. You keep changing sides with the same results. I hope you can find the answer to your questions about honesty and help with why what others do is relevant to your situation.

    The amateur psych analysis is appreciated but no, I created the poll simply based on a customer bringing in a $2.50 Indian found in a Coinstar slot and thought it would be a way to get a feel of the sentiments here and generate some interesting conversation. It has certainly done so. I also have not only played devil's advocate but also expressed an opinion based on what I've seen thus far. Some here don't agree with others and that's OK. Thanks


    RIP Mom- 1932-2012
  • telephoto1telephoto1 Posts: 4,945 ✭✭✭✭✭

    @CoinHoarder said:

    @telephoto1 said:
    We had a customer pop in who had this exact thing happen to him. Found a $2.50 Indian in a Coinstar reject slot.
    He actually did one of the options below. Answer later.
    I thought this would make a good poll.
    So, You see a gold coin in the reject slot at the local supermarket's Coinstar machine. What do you do?
    Please vote and elaborate on your choice below.

    Nothing in the initial post says anything about "stolen" coins.

    So, unless I missed it, what option in your poll did this person actually do?

    He picked #3. Showed to us, then went home and told the police what he'd found. I assume he took it downtown and in X number of days he will likely end up owning it. And for those wondering, that's probably what I'd do also because frankly I think a store employee would likely keep it.


    RIP Mom- 1932-2012
  • JBKJBK Posts: 15,960 ✭✭✭✭✭
    edited July 27, 2021 8:04AM
    Keep it; It's my lucky day and the owner's tough luck

    It's funny that @HalfDimeDude mentioned a lost diamond in the supermarket...

    Some years ago I came across a plastic bag from Staples office supply store that was filled with some stuff I had gotten on clearance a year before. When I emptied the bag out in the bottom was a huge diamond. All I could imagine was that it fell out of the cashier's ring while she was bagging my stuff.

    Since this all happened a full year earlier, I would have been embarrassed to walk into the store asking if anyone lost a diamond a year ago. So, I took it to the local jeweler and be confirmed that it was fake.

    Had it been real, I would have worked with the store to find the original owner.

    Then there was the black cat that would show up on the back patio on occassion. It had a collar but it looked very worn, so I managed to take a picture. I then called all the local shelters and drove to all the local supermarkets where people would post flyers for lost pets. No luck, but I tried.

    Now, if I had found the cat in the Coinstar reject slot I might just have taken him home. :D

  • telephoto1telephoto1 Posts: 4,945 ✭✭✭✭✭

    @Jzyskowski1 said:
    So maybe someone should find out how casinos handle this or what they think about rights. Telephoto1 please don’t tell anyone they can or can’t post. Very combative

    Show me where I told anyone what they could or couldn't post. I'll wait.

    Aside to JBK... Please refrain from putting words in my mouth. Corrupt integrity, no. If anything, situational integrity.


    RIP Mom- 1932-2012
  • AuldFartteAuldFartte Posts: 4,597 ✭✭✭✭
    Keep it; It's my lucky day and the owner's tough luck

    @PerryHall said:
    Keep it but let the manager know you found it in case the owner came back looking for it. I would only give it to the owner if he could identify it as to design type, date, mintmark, and grade.

    This. Plus, if there are identifying marks, dings, etc. and the rightful owner has high-quality photos to prove it.

    image

    My OmniCoin Collection
    My BankNoteBank Collection
    Tom, formerly in Albuquerque, NM.
  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭

    My apologies your response to Copperwire was rude and snotty,something you faulted in others. Referring to it as unfriendly and not encouraging . As for what you mistakenly referred to as amateur psych analysis I believe your mistaking analysis with listening. Very similar. I read what you said and like most anyone I tried to understand what you were saying (what’s the point). You and your responses led me to my feelings, conclusions (opinion) not to be mistaken for psych analysis 😊

    🎶 shout shout, let it all out 🎶

  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭

    What about the casino question

    🎶 shout shout, let it all out 🎶

  • pocketpiececommemspocketpiececommems Posts: 5,989 ✭✭✭✭✭

    @nags said:

    @BAJJERFAN said:

    Technically Coinstar [or whoever owns the machine/s] owns the coins because they "bought" them from you for face value by exchanging paper money or equivalent for them.

    Legally, this is 100% incorrect.

    But they didn’t buy it if it was in the reject slot.

  • ifthevamzarockinifthevamzarockin Posts: 8,903 ✭✭✭✭✭

    @Jzyskowski1 said:
    What about the casino question

    I was working on it.....I type slow. :p:D

  • TurtleCatTurtleCat Posts: 4,628 ✭✭✭✭✭
    Keep it; It's my lucky day and the owner's tough luck

    @HalfDimeDude Im sorry if my opinions offended you.

  • WCCWCC Posts: 2,680 ✭✭✭✭✭
    edited July 27, 2021 9:06AM

    @TurtleCat said:

    @nags said:
    For those that would just keep it... If you grabbed lunch at a coin show and dropped or forgot a double eagle in a 2x2 you'd be cool with whoever found it to just toss it in their pocket and call it their lucky day?

    That is not an equivalent scenario. But, yes, I have lost money before (thankfully not much) and I chalked it up to a learning experience.

    I lost my wallet at university in the 80's TWICE (yes I was that careless) and it was returned to the lost and found both times intact after which I was notified. I wouldn't want to try my luck a third time.

  • anablepanablep Posts: 5,151 ✭✭✭✭✭
    Keep it; It's my lucky day and the owner's tough luck

    If you're savvy enough to identify & keep the silver you find in a CoinStar, you're not going to change your tune when/if you find gold there.

    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭

    What about cash or chips found on floor or similar place cocktails booth or restaurant mainly casino floor? Thanks for your response I was hoping to hear from op

    🎶 shout shout, let it all out 🎶

  • ifthevamzarockinifthevamzarockin Posts: 8,903 ✭✭✭✭✭
    edited July 27, 2021 9:08AM

    @Jzyskowski1 said:
    What about cash or chips found on floor or similar place cocktails booth or restaurant mainly casino floor? Thanks for your response I was hoping to hear from op

    Chips, cash or a paper "cash out" receipt are all the same. ;)

    If it is not yours you can't touch it.

    Edited to add:
    A casino floor is no longer a gaming devise so the law may not apply but the casino can still ban you if they choose to.

  • telephoto1telephoto1 Posts: 4,945 ✭✭✭✭✭

    @Jzyskowski1 said:
    My apologies your response to Copperwire was rude and snotty,something you faulted in others. Referring to it as unfriendly and not encouraging . As for what you mistakenly referred to as amateur psych analysis I believe your mistaking analysis with listening. Very similar. I read what you said and like most anyone I tried to understand what you were saying (what’s the point). You and your responses led me to my feelings, conclusions (opinion) not to be mistaken for psych analysis 😊

    My response to Copperwire was a response to an insult followed by vulgarity; to be fair I reread both and all I did was point out that he chose to respond and thanked him for his input, followed by how I tried to provide as many feasible poll options as possible. I'm not seeing where anything there was particularly rude, unlike his post.

    As to the casino question, as someone else has already very astutely pointed out, such businesses have specific laws which vary slightly by state, but usually have one common thread...leave it where you found it. I know it's that way here in IL.


    RIP Mom- 1932-2012
  • HalfDimeDudeHalfDimeDude Posts: 1,206 ✭✭✭✭✭
    Keep it; It's my lucky day and the owner's tough luck

    @TurtleCat said:
    @HalfDimeDude Im sorry if my opinions offended you.

    And I accept your apology, as I have posted in this forum before the greatest gifts we can give each other is knowledge!
    You are entitled to your belielfs, as we all.... but please make sure you have facts to support your words.
    And understand that your words hit a nerve....I don't hold grudges, but I do take the time to share another view . To share my life experiences hopefully to make a difference and make others think.....as well myself.
    Again i truly appreciate your apology ,and please accept mine for getting on the soap box.

    "That's why I wander and follow La Vie Dansante"

  • TurtleCatTurtleCat Posts: 4,628 ✭✭✭✭✭
    Keep it; It's my lucky day and the owner's tough luck

    @HalfDimeDude No worries, sometimes it’s just the nature of a faceless forum. I’m sure if we were having this discussion at a coin show we would have a good time and a good laugh :)

  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭
    edited July 27, 2021 9:18AM

    I can’t believe you just said 2wrongs make a right. Well Suzy hit me first (how old are you because I don’t want to argue with aYN )

    🎶 shout shout, let it all out 🎶

  • ifthevamzarockinifthevamzarockin Posts: 8,903 ✭✭✭✭✭

    If I found the gold coin in question I would take it. Good chance I would call the police and inquire about any coin thefts in the area. It may be the one small piece of the puzzle they need to convict someone and get the coins back to the owner. I would not turn the coin over to the police or the store manager until I had some sort of proof they know who the true owner is. Chances of finding the true owner are very slim.

  • MFeldMFeld Posts: 14,087 ✭✭✭✭✭

    @BAJJERFAN said:

    @nags said:

    @BAJJERFAN said:

    Technically Coinstar [or whoever owns the machine/s] owns the coins because they "bought" them from you for face value by exchanging paper money or equivalent for them.

    Legally, this is 100% incorrect.

    So if you go to a store and buy something for $1 and give the clerk 4 quarters are you saying that those are still your quarters after you leave the store? I don't think so.

    If you deposit a bunch of loose change in a bank account are those coins still yours after you leave the bank?

    Coinstar hasn't "bought" the rejects. If it had, they wouldn't be "rejects".

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • ifthevamzarockinifthevamzarockin Posts: 8,903 ✭✭✭✭✭

    @telephoto1 "Answer later."

    Is it later yet? You might not get a chance later. ;)

  • JMS1223JMS1223 Posts: 1,108 ✭✭✭✭✭
    Something else (please explain)

    Not that I agree with them but there is someone I know that if they find anything worth over a cent on the ground inside a store they always give it to the closest cashier or customer service saying they found it. They do it for a nickel and up. However if they find it outside they keep it. Their reasoning is that it “belongs to the store” since it was found on their property. However, the parking lot I think is technically store property too but for some reason it’s okay to keep lost coins found outside according to this person. When I am with them they make me give coins over a cent to the cashier if I find them. Just an interesting observation I noticed from someone I know.

  • telephoto1telephoto1 Posts: 4,945 ✭✭✭✭✭
    edited July 27, 2021 9:57AM

    @ifthevamzarockin said:
    @telephoto1 "Answer later."

    Is it later yet? You might not get a chance later. ;)

    I posted it a few posts back but will repost:
    He picked #3. Showed to us, then went home and told the police what he'd found. I assume he took it downtown and in X number of days he will likely end up owning it. And for those wondering, that's probably what I'd do also because frankly I think a store employee would likely keep it (and not bother trying to find the owner).
    Edit for clarity.


    RIP Mom- 1932-2012
  • ifthevamzarockinifthevamzarockin Posts: 8,903 ✭✭✭✭✭

    @telephoto1 "I posted it a few posts back but will repost:"

    Sorry, I guess I need to work on my reading skills. :p:D

  • SIowhandSIowhand Posts: 350 ✭✭✭✭✭

    My favorite justification in this thread for keeping it is you are afraid the manager will keep it instead. That is some fine mental gymnastics.

  • ifthevamzarockinifthevamzarockin Posts: 8,903 ✭✭✭✭✭
    edited July 27, 2021 10:37AM

    Just to muddy the waters a bit. ;)

    There are folks here that will "salt" a Coinstar return slot.

    Maybe someone put the coin there as a prize for the next person. ;)

    Edited to add:
    It might be fun to order 20 of these from China and start salting Coinstars and see if any threads get started here. :D

  • JBKJBK Posts: 15,960 ✭✭✭✭✭
    Keep it; It's my lucky day and the owner's tough luck

    @HalfDimeDude said:
    Again i truly appreciate your apology ,and please accept mine for getting on the soap box.

    That soapbox rant was pretty informative.

    I did some time in a small store and a convenience store. We had a few weird things but nothing like you went through. :p

  • HalfDimeDudeHalfDimeDude Posts: 1,206 ✭✭✭✭✭
    edited July 27, 2021 10:39AM
    Keep it; It's my lucky day and the owner's tough luck

    @SIowhand said:
    My favorite justification in this thread for keeping it is you are afraid the manager will keep it instead. That is some fine mental gymnastics.

    I do believe that isn't a concern, most would keep it because just the fact no one would know who is or would be the actual owner.
    As Ive posted these machines if you have a good tech come in weekly, or more depending on the amount of use the machine gets. As the machine wiill automatically shut down when full!
    Another factor is the demographics of the area. I can assure you.....a lower income area see's more people using the machine than an upscale area.
    As lower income areas tend to need to use their jug money.
    And again as a former store manager everything in that machine no matter in or or in the retun slot under the machine or loose in the machine.. is legally property of the coin star company or what ever company owns that machine.

    "That's why I wander and follow La Vie Dansante"

  • MasonGMasonG Posts: 6,261 ✭✭✭✭✭

    Found this elsewhere:

    “Hello,

    Thank you for your e-mail. To answer your question, the coins that are left in the reject slot belong to the last customer that used the kiosk and in the event of finding them, the store personnel should be informed, and coins should be left with them.

    Thank you,

    Coinstar Customer Service
    800-928-2274
    www.coinstar.com
    Reference # 8001951990″

  • telephoto1telephoto1 Posts: 4,945 ✭✭✭✭✭

    Some grocers (Schnucks comes to mind) have their own coin machines now. I believe the one near here charges 11%.


    RIP Mom- 1932-2012
  • telephoto1telephoto1 Posts: 4,945 ✭✭✭✭✭

    @MasonG said:
    Found this elsewhere:

    “Hello,

    Thank you for your e-mail. To answer your question, the coins that are left in the reject slot belong to the last customer that used the kiosk and in the event of finding them, the store personnel should be informed, and coins should be left with them.

    Thank you,

    Coinstar Customer Service
    800-928-2274
    www.coinstar.com
    Reference # 8001951990″

    Thanks for posting the response. Perhaps in HalfDimeDude's case that was more of a store policy rather than a CoinStar policy...?


    RIP Mom- 1932-2012
  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭
    Keep it; It's my lucky day and the owner's tough luck

    The reject slot is just like the garbage can and considered abandoned property. Now if I watched a person dump the coins in and walk away without checking the slot I would attempt to stop them and let them know what they left behind. Otherwise there is no way to tell who the owner was. I'd send that puppy right off to PCGS and ask for some sort of special lucky day coinstar find designation.

    PS, it's my fantasy every time I stick my hand in that dirty germ infested slot that I'm going to strike gold. THKS!

This discussion has been closed.