From: Logan Shaw on
krw wrote:
> ;-) A friend had his SO's son take back his cans a while back. He
> grabbed over $80. I kid the friend that those were only his Bud cans
> for one weekend. The friend at one time had some thing like $35K in
> quarters and SBAs. He lived off them for over a year.

$35,000 in quarters and Susan B. Anthonies? Wow. I can only imagine
how much more money he would've had if he had taken those and deposited
them in some sort of investment account every year or so. It seems safe
to assume that it would take something like 10 years to accumulate that
many coins. The interest on $35K over a period of 10 years is a lot.
(Of course, not all of it would be earning interest for that long, but
you get the idea.) He might've been able to live off it for 2 years.

- Logan
From: The Real Bev on
Bill wrote:

> The Real Bev wrote:
>>
>> The Coinstar machines here have NEVER not charged a fee.
>
> Real Coinstar machines that do not charge a fee when just
> converting coins to bills? I've never heard of that. How do they
> make their money?

Some posters have said that Coinstar doesn't charge a fee when it issues a
store certificate instead of cash. I assume the store subsidizes it in some
way.

--
Cheers, Bev
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
"I'm sorry I ever invented the Electoral College."
Al Gore 11/08/00
From: krw on
In article <475247c0$0$28870$4c368faf(a)roadrunner.com>, lshaw-
usenet(a)austin.rr.com says...
> krw wrote:
> > ;-) A friend had his SO's son take back his cans a while back. He
> > grabbed over $80. I kid the friend that those were only his Bud cans
> > for one weekend. The friend at one time had some thing like $35K in
> > quarters and SBAs. He lived off them for over a year.
>
> $35,000 in quarters and Susan B. Anthonies? Wow. I can only imagine
> how much more money he would've had if he had taken those and deposited
> them in some sort of investment account every year or so. It seems safe
> to assume that it would take something like 10 years to accumulate that
> many coins. The interest on $35K over a period of 10 years is a lot.
> (Of course, not all of it would be earning interest for that long, but
> you get the idea.) He might've been able to live off it for 2 years.

Well, he was hiding the money from the IRS, because of some "issues"
that were later cleared up. I don't remember all the details (some
business he was involved in, but not a principal), except that he
finally got them off his case.

It's also a tad easier to move $35K that's in a bank, too. $35K in
coin is rather heavy. The springs on a 3/4 ton truck were riding
pretty low!

I met another guy that claimed to have $75K, or some such, in coin in
55gal drums in his garage. He was a salesman had a side-business
owning weight-fortune and such machines in Interstate rest-stops. He
figured that no one could steal the money even if they knew it was
there. ...though I didn't know him and he could have been talking
though a secondary orifice.

--
Keith
From: aemeijers on
krw wrote:
> In article <475247c0$0$28870$4c368faf(a)roadrunner.com>, lshaw-
> usenet(a)austin.rr.com says...
>> krw wrote:
(snip)
>
> I met another guy that claimed to have $75K, or some such, in coin in
> 55gal drums in his garage. He was a salesman had a side-business
> owning weight-fortune and such machines in Interstate rest-stops. He
> figured that no one could steal the money even if they knew it was
> there. ...though I didn't know him and he could have been talking
> though a secondary orifice.
>

Rueful chuckle- that is what I thought, too, about my five-gallon water
jugs of pennies and nickels. Never occurred to me that any thief would
have the balls to spend at least an hour in my apartment, and pour the
jugs out into manageable size lots, carried out in all my canvas
shopping bags, backpacks, duffle bags, etc. The kid cop who came and
took the complaint apparently could not believe the estimated figures I
gave him- when it got put in the newspaper, the $500+ I lost was
reported as $50. So, of course no calls to local banks asking if anyone
brought in massive quantities of pennies and nickels...

Good thing the thieves were stupid- on the shelf right above the water
jugs they worked so hard to empty, were quart jugs of dimes and quarters
that they didn't seem to notice- many more dollars per pound, and small
enough to carry. They could have gotten more, and been in and out in
five minutes. And I'd still have my luggage. Can't understand how they
missed those small jugs- they rummaged through the rest of the apartment
pretty well, but thankfully bypassed the guns, cameras, and computers.

aem sends...
From: Here and Kickin' on


On Sat, 1 Dec 2007, The Real Bev wrote:

>
>
> Bill wrote:
>
>> The Real Bev wrote:
>>>
>>> The Coinstar machines here have NEVER not charged a fee.
>>
>> Real Coinstar machines that do not charge a fee when just
>> converting coins to bills? I've never heard of that. How do they
>> make their money?
>
> Some posters have said that Coinstar doesn't charge a fee when it issues a
> store certificate instead of cash. I assume the store subsidizes it in some
> way.

Yeah, send the list over here. The Coinstar machines in my area do NOT
issue store certificates. I could use the receipt printed by the machines
to buy things from the store where the machine is located, however.

I looked at the company's web site. The conpany does waive the fee if you
buy a gift certificate for a national chain.

-d
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