If you go somewhere that charges a percentage, it might be worthwhile to take the time to pull out just the quarters first and roll them and just run the rest of the coins through the counting machines at a percentage cost.
It's easier and faster to pull out the quarters due to the size differential versus pennies, dimes, and nickels. By rolling just the quarters and cashing those at the bank at no cost that will likely cut down the amount on which you will have pay a percentage by 60% (assuming an equal number of each coin/denomination type).
If you have 1,000 coins of each denomination that means you will have $250 in quarters, $100 in dimes, $50 in nickels, and $10.00 in pennies for a total of $410, with quarters making up about 60% of the total.
At a 6% charge, you'll pay about $25 if you cash them all, but only $10 if you pull out the quarters and roll them (even though they only represent 25% of the coins). So you would save $15
It is definitely worth it on the pennies and nickels to not have to spend the time to separate and roll them and perhaps even the dimes.
But I just hate to have to give someone 6% of every quarter or almost 2 cents for every quarter.
Frugally,
ST
--- In vpFREE@yahoogroups.com, "Scot Krause" <krauseinvegas@...> wrote:
>
> Thanks for all the good tips!
>
>
>
> From: vpFREE@yahoogroups.com [mailto:vpFREE@yahoogroups.com] On Behalf Of Keith Garber
> Sent: Friday, August 17, 2012 10:20 AM
> To: vpFREE@yahoogroups.com
> Subject: Re: [vpFREE] coin redemption?
>
>
>
>
>
> Hi Scot,
>
> Rampart Cashiers cage has coin counting machine.
>
> Keith
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> [Non-text portions of this message have been removed]
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