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Turning Coins into Cash using the Internet
by D. L. Crane
If you’re like me you hate to carry coins. They
go to the bottom of my purse. They are too
difficult to reach and, consequently, instead of
using them for purchases, I pay in bills and
accumulate even more change which then joins the
fistful of coins already residing at the bottom
of my purse. Soon my handbag is too big to
heft—although it would by now make a great
weapon.
How lucky for me that there are websites which
have made a business of turning coins into
cash using the Internet. So break out that
huge jar on the floor in your bedroom closet.
With your unwanted coins you could earn Amazon
gift cards, Starbucks gift cards or a check or a
PayPal deposit.
Many ask why people would choose a nearly
ten-per-cent handling fee to get their own money
handed back to them. As a matter of fact, if you
choose the gift card option you may pay no fee
at all! But no matter what the fee, I know why
people choose the service. My coins would still
be in that large pickle jar collecting dust in
my closet if clever innovators had not seen this
need and developed ways of turning coins into
cash using the Internet!You see what
coins-to-cash websites offer is convenience. No
sorting those coins. No wrapping them into
rolls. No carting them to the bank. No worrying
about whether you have enough nickels to make a
complete roll.
True some banks will accept lose change but most
want them in rolls if there are enough to make
rolls. And you have to load it up, get it to
the bank, wait in line looking like a dork with
your huge dusty coin jar and wait while a
not-too-thrilled teller counts (and recounts)
your coins and every other bank customer stands
tapping their feet and calling you names under
their breath. (Remember when others in the line
in front of you brought in coin bags?)
If you opt for using the coins-for-cash online
business you need only fill out a form on their
website. A safe, insured packing box will arrive
on your doorstep within twenty-four hours. You
need only box your coins into the prepaid
shipping box and courier it to the coins-to-cash
online office. You will receive your choice of:
a gift card, a check, or a deposit into your
PayPal account.
Turning coins into cash using the Internet
is as easy as that!
You have other faster options. You could use the
coin machines available in selected areas.
However, in this day of increasing gasoline
costs, and giving you anything for your time, is
the trip really a viable option?
Online coins-into-cash services offer you the
opportunity to turn those dormant, dusty coins
into ready paper currency or gift cards which
you can spend immediately. How much cash? You
ask. An estimate is that the average household
has almost a hundred dollars in coins lying
around in jars, dishes, piggy banks, boxes or
drawers.
So which of the several online companies to
choose? As with every choice, do your homework.
Select a company which offers a competitive
handling fee, safe, prepaid courier service for
your coins and a history of satisfied customers.
If you value your time, you do not want to hand
sort and wrap coins. If you purchase a coin
sorter and fancy coin tubes and pre-formed
wrappers, these become a liability against your
cash back. You also have to consider labor to
sort and wrap.
Think about the cash outlay. Coin tubes cost
about fifteen dollars. You can get a coin
sorting machine for about thirty-five dollars.
Pre-formed wrappers are about twenty cents
apiece.
Basically, it all boils down to this: You can
leave your coins where they are. It’s a
labor-free decision but you have the irritation
factor of dusting around them and the loss of
space they are occupying. You also have the
downside of coins not earning you potential
cash.
You could use coin sorting kiosk but you’d have
to get there, take the time to pour them into
the machine (and maybe wait for others ahead of
you in line) and accept the upwards of ten
percent the kiosk owners charge you to use their
machine.
Or, you could head to your bank with
time-consuming wrapped coins and cash them in.
If your bank accepts unwrapped coins you’d have
to get them there, wait for a count and wait for
the turnaround time if they send them in to a
service. Gas costs, your time costs and a
possible service charge are down sides.
Or you can have your coins picked up at your
door. Turning coins into cash using the
Internet sounding good??
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