Getting rid of spare change

Like most people I have a box of spare change that is inconvenient (or embarrassing) to go out and spend.

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This is a common enough practice that there are machines in UK supermarkets that will sort your loose change for you and print a voucher for the supermarket, which is nice and convenient except that that they take 8.9% commission (you could, of course, go to the bank, but the whole point of such machines is that people are in supermarkets a lot more than they are in banks, and apparently the difference is enough to make the commision worthwhile).

 

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What’s interesting, is that also in the supermarket (in the UK at least) there are these the self service checkouts, and they have an inviting hole for coins.

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…and they work just like the larger coin sorters. (Eagle eyed viewers will note that this photo was taken at a different supermarket than the one above – largely because they don’t have one of the big sorting machines at my tiny local supermarket)

So when I have a box of change to get rid of – I go in at a quiet time (this is important, because you would hold the queue up otherwise), I do my weekly shop and I empty my jingling pockets a bit at a time into the hopper. Some coins are rejected (an astonishing proportion turn out to be US currency) but the bill rachets down and anything remaining is paid on a credit card.  I just think this is an elegant way to clear out your change and ease your budget a little, while avoiding the 8.9% overhead.

15 thoughts on “Getting rid of spare change

  1. shesgotawaytonight@gmail.com
    February 17, 2014 at 5:03 pm

    Go to the fucking bank like a normal person.

    1. Tyler
      February 17, 2014 at 6:42 pm

      Learn to provide constructive criticism…like a normal person.

    2. Me
      February 17, 2014 at 7:24 pm

      1. Some banks require change to be sorted into bags.

      2. I don’t want to go to the bank and then the supermarket. Why not just go to the supermarket.

      3. Stop being a rude cunt.

  2. Bert
    February 17, 2014 at 7:34 pm

    My bank will only take 5 bags, and they all have to sorted into bags.

  3. February 17, 2014 at 9:17 pm

    Not sure if they have those change drops at the self check-outs in the US… will pay closer attention next time.

    I usually pop over to TD bank (don’t think you need to even be a customer) and they have their own change machine. Dump your jar into it, it’ll give you a receipt that you take up to the teller and get cash with no fees.

    1. mike
      February 18, 2014 at 2:59 am

      unfortunately you do need to be a customer of TD bank in order to avoid a 6.9% fee at their coin drop locations

  4. February 18, 2014 at 3:07 am

    This is a great idea, thanks for sharing :) Personally, I keep my spare change for parking fees.

  5. February 18, 2014 at 4:44 am

    Be very careful running the change through a self checkout. It can get jammed pretty easy.

  6. Mal
    February 18, 2014 at 7:13 am

    I dont follow the amount being paid onto credit card bit?

  7. Mal
    February 18, 2014 at 7:14 am

    Never mind, youre not converting cash to credit

  8. Stephen Liss
    February 18, 2014 at 7:32 am

    Mal, I think the point is that if you spend, say, $20 on groceries, and $5 of that is change, then you put the other $15 on a credit card.

  9. Square Glasses
    February 18, 2014 at 8:01 pm

    I get rid of mine in car parking machines; restrictions apply.

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