Does Anyone Roll Change Anymore?

[4506517]

When I was little, my mother would sit with me and help me roll the change from my bank. I learned how to count and change money that way. I also learned to save that way.

I recently started to roll change again. I have a big glass stein that sits on the kitchen counter that I collect change in. So far Ive rolled $72.50 in pennies, dimes, nickels, and quarters.

Am I the only one that still does this?

 

[DeathGrip]

My wife is a waitress/bartender.Her change pays for her vacations home to Germany.
My change pays for toll roads.I try not to let mine build up so much.

 

[Faulkner]

Nope, I do it too. I bought a big box of new coin wraps in all coin sizes about 25 years ago at a neighbor's garage sale. I've been saving my pocket change and wrapping them a couple of times a year ever since. I have three 50 caliber ammo cans full of rolled coins, last count it was over $800.00. Not really sure what I'm going to do with all that coin.

 

[mamasfatty]

i roll quarters,,,,coinstar the rest...

 

[deadin]

I just rolled another $5 in dimes and put them in the safe with the $55-$60 already there. When we get a couple hundred we will take it out and buy something special.

 

[BaldEagle1313]

Coinstar all of it. If I'm going to visit my middle daughter, I take her all my quarters. She still lives in an apartment and has to feed the laundry machines at the apartment complex.

 

[mkk41]

Every day drop all my pocket change into a 5gal water bottle. It's now 2/3 full of pennies , nickeles and dimes. Quarters go in another jar. Best ya can do is one of those coin star machines in the grocery store. Wish I could find another bank with a coin counting machine.

Funny story!

My old bank had one and I decided to cash in one of those 4liter beer cans (mini-keg?) full of 'pocket change' in a few years back. Dropped it off in bank-issued change bags with a blank deposit slip. When I stopped back , the manager gave me a funny look. Seems the flat washers went thru fine , but the lock washers in with my pocket change kinda did the machine in.

 

[AdamB22LR]

I do it with my kids. As you said, it helps them learn. While doing it, we talk about saving money (simply the importance of saving and the idea of being patient to save for something they want).

 

[madmikeb]

I've got a pretty big cookie jar I throw all my change into. It was about full this spring so I spent a day counting and rolling before my Arizona vacation and the grand total was about $367. It took most of the day but it was worth it!

 

[brucev]

Been rolling change for years. My daughters rolled their small change along with my coins from kindergarden through high school. When they went to college, they split a little over $1,800 which I added to so that they would each have $1,000 as their back-up money. I have always saved my $1 bills. I try never to spend them. If I need something, I pay for it with a $5 bill or larger. Then $1 bills get put in a jar. Since the girls are now gone, I've been rolling coins. Several years ago I bought a very nice all matching 1939 dated Mauser M-98 with 21 rolls of quarters. Right now I'm working on saving enough money to take my wife on a trip. Last time we went out to Mt. Rushmore, Crazy Horse Monument, Snake River. I figure by 2014, I'll have enough saved. Coins count!

 

[4506517]

Cool! I've found some pretty neat coins this way also. Found a rusted 1941 nickel (I guess because it has a high steel content), lots of wheat pennies, and a Mercury dime that was so worn I couldn't figure out what it was right away.

My buddy owns a convenience/gas station/repair shop. He trades out my change even. Saves him from having to buy change.

 

[GKC]

The way the economy is going, I'm going to have to start rolling people for their coins pretty soon...

J/K. On a serious note, I don't roll coins...I put the quarters in a leather pouch that I keep in the car, for the car wash. I put the dimes, nickles, and pennies in a jar. When my middle son comes out to visit, he'll count them and give me currency in exchange...I guess just because he's a good kid.

 

[Pete99004]

My buddy owns a convenience/gas station/repair shop. He trades out my change even. Saves him from having to buy change.

I guess I'm out of touch - are you saying that he has to pay a fee over the cash value amount to get change? I know if I want a $10 roll of quarters, I need to give them $10 - but the way you are writing this, I'm under the impression that he has to not only pay face value, but an additional fee. If that is the case, he needs to find a different banker!

 

[BaldEagle1313]

Pete, I'm pretty sure by "buying change" he just means paying 10 bucks in paper for 10 bucks in change. When I worked retail for a time after high school we always called it buying change at the bank. There was no premium or fee. But who knows these days. Banks are charging fees for everything

 

[jkc]

Coinstar machine for me --- life's too short to waste time on trivial frugality. Mine is, anyway... The other day, I took the contents of my coin repository to the Coinstar machine, and spent about three minutes converting coins to a cash voucher, a quick and easy task compared to sorting and "rolling" them. Pity that banks no longer offer a counting service...

 

[mchom]

Business accounts do have higher fees to accomodate change orders. One Saturday my bank had to close and I had forgotten about it. We needed change so I went to my personal bank in town. It was against their policy but they did it anyway. Of course I had to bribe the teller with a free lunch.
But yes, one does pay in the form of fees. At least in my case.

 

[4506517]

Yes, many businesses get charged a fee when they order money. I worked for a large national retailer for 20 years in upper management. We were always charged a fee for ordering certain assortments of currency or coinage. Most large retailers don't go and do business with the local bank and are serviced by armored car companies. Due to the large amounts of cash and/or coinage, there are fees charged by a set schedule. Even smaller businesses pay fees based on what companies they use to physically manage their cash.

I think in my buddy's case he is just lazy and I save him the time of having to count.

 

[truckemup97]

I don't roll it anymore. My bank has a counting machine, but they charge 7%. My daughter's bank does it for free, so I usually go there and deposit 10% or so in her account. I do go through it first, though, looking for silver dimes, wheat pennies, etc.

 

[ibthumper]

Yep, I still do. But, being unemployed now for 1+ year I find my self living off those coins. Years back my old bank branch (WF)would not take rolled coins. Some businesses don't today.

 

[Class III]

I take mine to a bank where a friend of mine works. They have a change sorting and counting machine and don't charge me a fee to dump buckets of coins. Last year I paid for a two week duck and goose hunting trip to Canada from the change that gets thrown in two 5 gallon water bottles at the end of each day. 7% - 8% to Coin Star is more than highway robbery.

Class III