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Old 17th Jan 2011, 15:29   #1
IceShock
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Where to change copper coins

Right-o.. Just spent all morning bagging up 100000s of coins, in total theres 347 quids worth of 1 and 2ps.. should of taken a picture of that on my floor was a right mess

do banks still change coppers into cash? or have times changed.

and if not into cash, will they accept them to put the money into my bank account?

Thanks

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Old 17th Jan 2011, 15:30   #2
G|mp
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Supermarkets normally have cash counting machines now, although they charge a %
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Old 17th Jan 2011, 15:32   #3
MeatLoaf
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Usually they will only take 3 or 4 bags a day. Have a look in your local supermarkets for a coinsorter machine. It counts it all for you and gives you a voucher you can exchange for cash. The one in my local tesco charges 7p per pound.

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Old 17th Jan 2011, 15:32   #4
Ginger-Menace
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id have thought you can deposit it in to your bank, its still money at the end of the day!

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Old 17th Jan 2011, 15:32   #5
IceShock
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Yeah, iv seen them, but im a tight git, they take like 10% or sumthing daft, 30 odd quid!

sod that lol

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Old 17th Jan 2011, 15:33   #6
Sirrel Squirrel
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You can take it to a bank if it's already sorted but I think there is a daily limit afaik.
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Old 17th Jan 2011, 15:33   #7
Tripnologist
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Find out if your bank has coin deposit machines.

I know my local HSBC branch does, and they don't charge anything for it.
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Old 17th Jan 2011, 15:33   #8
IceShock
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Alrighty, thanks. ill have a scout about for a coin deposit thing in a bank

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Old 17th Jan 2011, 15:34   #9
Mat
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Just take them to your bank and ask for it to be deposited into your account. Show them how much you have (assuming you can carry it all!) and they may take you into an office to weigh it by the bag and then issue a deposit notice or something.

Nothing out of the ordinary there, I'm sure banks have handled loads of coins before from 'savers'.
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Old 17th Jan 2011, 15:35   #10
IceShock
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okie dokie, cheers for the replys guys

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Old 17th Jan 2011, 15:37   #11
Cosimo
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I've never had a problem paying in bags of coins at Barclays. Mind you they do go into my account. You might be limited to the number you pay in at building societies. You could keep depositing five bags a day until you are done.

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Old 17th Jan 2011, 15:40   #12
IceShock
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Ended up with about 120 euros aswell as the 350 quid in coppers impressed with my mornings work counting haha

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Old 17th Jan 2011, 15:41   #13
DJMK4
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I thought changing in supermarkets, they give you a reciept that allows you to have money off your next shopping total? AFAIK they dont usually change in to cash for you.

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Old 17th Jan 2011, 15:42   #14
ThomasTheTankEngine
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I'm pretty sure they have to accept them if you're paying them into your account.

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Old 17th Jan 2011, 15:43   #15
DJMK4
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Iv never had any problems changing at a bank, surely this is what they are there for?

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Old 17th Jan 2011, 15:44   #16
Tefal
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you might be able to deposit a larger amount into the bank than change it.

Quote:
Originally Posted by asim18 View Post
I already told you, you cannot compete at my intellectual level so there's no need to try.
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Old 17th Jan 2011, 15:44   #17
tom_e
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Quote:
Originally Posted by DJMK4 View Post
I thought changing in supermarkets, they give you a reciept that allows you to have money off your next shopping total? AFAIK they dont usually change in to cash for you.
They give you a receipt which you then normally take to the customer service desk and they give you the cash.
I know my local Natwest and Barclays both have the coin deposit machines, I thought I had a good haul the last time I paid my change pot in and got 90 over 300 is some good going.

Better to be judged by 12, than carried by 6
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Old 17th Jan 2011, 15:48   #18
kwerk
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Round here the supermarket coinstar machines will give you gift certificates to stores (Gap/starbucks/"that jungle site"/etc) with no fee, or cash with a small fee.
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Old 17th Jan 2011, 15:51   #19
Tefal
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why do you have so many?

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I already told you, you cannot compete at my intellectual level so there's no need to try.
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Old 17th Jan 2011, 15:52   #20
Cosimo
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Quote:
Originally Posted by Tefal View Post
why do you have so many?
He collects them in a jam jar.

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Old 17th Jan 2011, 15:53   #21
tigerstyle
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come on with the pics!

Ahhh, OP realised he only had at maximum 47,000 coins rather than the hundreds of thousands in the first post But still impressive, PICS!
conservative estimate is 5-10,000 coins?

.
Last edited by tigerstyle; 17th Jan 2011 at 15:59.
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Old 17th Jan 2011, 15:54   #22
gambitt
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It's time to get rid of 1p and 2p coins and leave 5p as the lowest denomination like the Aussies.
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Old 17th Jan 2011, 15:54   #23
Mr-White
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Get some plastic money bags and pay them into your account, it's the quickest, cheapest and easiest way to get rid if them

MW

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Old 17th Jan 2011, 15:55   #24
dave_beast
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Coinstar at most supermarkets, a little is taken and is given to charity, so not only do you get your small change changed, you also help the underprivileged.

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Old 17th Jan 2011, 15:56   #25
utajoker
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if your with barclays they dont have a limit on how many you can take.

coinstar take 7% which would be almost 25.


Not arrogant, just better.
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Old 17th Jan 2011, 16:03   #26
Cosimo
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Quote:
Originally Posted by thepedster View Post
come on with the pics!

Ahhh, OP realised he only had at maximum 47,000 coins rather than the hundreds of thousands in the first post But still impressive, PICS!
conservative estimate is 5-10,000 coins?
He's got a few of these:

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Old 17th Jan 2011, 16:15   #27
lookitsjonno
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if you have any older than 1982 then they will be worth more for their weight in copper
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Old 17th Jan 2011, 16:19   #28
Raptor
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Coinstar is the only option around here, none of the banks will take them.

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Old 17th Jan 2011, 16:37   #29
GSXRMovistar
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As said above your bank should take them, it's valid cash and you should be able to pay it into your account in whatever legal form.

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Old 17th Jan 2011, 18:01   #30
semi-pro waster
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Quote:
Originally Posted by GSXRMovistar View Post
As said above your bank should take them, it's valid cash and you should be able to pay it into your account in whatever legal form.
Banks generally will take them but many restrict the amount they will take at any one time (3 bags seems to be a common amount) - the reason I've heard most is that they don't have enough space in the safe to deal with them, how true that is I have no idea. Now I use a bank with an automatic coin sorter - it's not enough of an incentive to change banks but it is a nice bonus to use it occasionally.

Not quite the same circumstances but it's interesting to note that in terms of legal tender a shopkeeper doesn't have to accept any amount over 20p if you're paying with 1p or 2p coins. Legal tender amounts.

"Since we cannot know all that there is to be known about anything, we ought to know a little about everything." - Blaise Pascal
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