![]() ![]() Hint: Spread an old sheet over that “made bed” first because money is very dirty. Here’s the key: Work on a “made bed.” Hard surfaces make coin rolling nearly impossible. With very little practice I’m under 2 minutes per roll already. It takes me forever to roll and wrap coins.īut then I read his method (look for “Counting-Rolling-Wrapping Your Coins” on his website). ![]() Who wouldn’t gladly “earn” a few extra dollars by rolling their own?Īt first, I scoffed at Hartkopf’s suggestion of 2 minutes per roll. However, many workers do not even get paid as much as the hourly rate Coinstar charges to count quarters. Most of us probably value our time at much more than $1.36 an hour. Nickels work out to $5.34 an hour, dimes $13.35*. It takes the same amount of time to roll pennies but Coinstar charges less than 5 cents per roll or $1.36 per hour to count pennies. ![]() So, if you can’t find a bank or credit union to count your coins for free, should you pay the fee or should you wrap your own coins? Well, that all depends.īreaking this down into hourly rates, Hartkopf says that I paid Coinstar an hourly rate of $26.70 to count my quarters ($.89 per $10 roll) because he says it takes less than two minutes for the average person to wrap a $10 roll of quarters. But, he points out, it is not always possible. Karl Hartkopf whose website is devoted to coin rolling techniques advocates cheap or free counting machines. Big Green clobbered me with a $51.35 fee! My heart sank once I realized that I’d walked in with $431.57. I knew it would cost me 11.9% but at the time, it seemed reasonable.Īfter a few minutes of shoveling coins into the Coinstar kiosk, out popped a voucher for $380.22. In a fit of frustration, I dumped the jars into a big bag and drove to the supermarket. I guess I was suffering from a severe case of TMC (too many coins). I don’t know what happened to me last weekend. Either way, most these days charge a fee. Some require it to be rolled, wrapped and labeled before deposited. One year we saved $1,100 in coins, but I have to admit the logistics can be a royal pain.īanks and credit unions have strict rules about loose coins. We routinely dump the day’s accumulation into a container to save for a trip or to buy something special. In fact, I go out of my way to make sure I get plenty of change so I have more to save! But I hate to carry loose change, and so does my husband. ![]()
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