{"id":34772,"date":"2023-07-12T17:08:36","date_gmt":"2023-07-12T21:08:36","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/where-can-you-cash-in-coins-for-free-or-cheap\/"},"modified":"2023-07-12T17:08:38","modified_gmt":"2023-07-12T21:08:38","slug":"where-can-you-cash-in-coins-for-free-or-cheap","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34772","title":{"rendered":"Where Can You Cash In Coins For Free Or Cheap"},"content":{"rendered":"
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Do you have a jar of loose changing at your house and you’re wondering where you can get it counted for free?<\/p>\n

Or maybe you have a loaded piggy bank that you want to tap into?<\/p>\n

With the U.S. still in a coin shortage as a result of the pandemic, despite the U.S. Mint running at full capacity, getting those coins back into the money supply is your civic duty.<\/p>\n

But paying exorbitant fees to get them counted is not.<\/p>\n

Where can you get free or cheap coin counting today?<\/p>\n

Check Your Bank Or Credit Union<\/h2>\n

Many years ago, your bank probably had a coin-counting machine but those units were notoriously fickle. They would break all the time and so they’ve slowly been phased out of branches. There are very few banks and credit unions that offer a coin-counting machine, but it never hurts to ask.<\/p>\n

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For example, at some locations, American Eagle Financial Credit Union offers free coin counting for members and charges non-members a 10% service fee. Check your local banks and credit unions to see if they offer this service.<\/p>\n

Otherwise, your bank will usually accept coins if you roll them up. They can provide paper sleeves too. This can be a good solution if you don’t have many coins or you have industrious children to help you count them.<\/p>\n

You could also buy an electronic coin sorter. Royal Sovereign makes several coin sorter models and their base model costs around $50. If you have a lot of coins, this could be a good option if you don’t mind putting the coins in the paper sleeves.<\/p>\n

Finally, check with your local library to see if they have a coin counting machine that you could borrow. It beats paying money to count your money.<\/p>\n

Coinstar Machines<\/h2>\n

Coinstar is a company that runs coin-counting machines and you’ve probably seen their green vending machines in your grocery store (and many other places). While they will count your coins and give you cash, they will also charge you an 11.9% convenience fee.<\/p>\n

You can find your local Coinstar machine using their Find a Kiosk page.<\/p>\n

You can avoid this convenience fee if you elect to get your cashback in the form of an eGift card. There is a minimum and maximum amount available for each vendor. For example, for an Amazon Gift Card, the minimum amount is $5.00 and the maximum amount is $1,000.<\/p>\n

They offer eGift Cards from:<\/p>\n