Cashed in Some Coins

[Gamma_Joe]

After detecting, everything gets cleaned. The vintage, silver and "collectible" coins get saved. These are the leftovers.

Today they got cashed in, and dumped into the CoinMaster sorter. Total of $10.87 in cash, coming back.

They're about half and half from the Garrett GTI2500 and the Teknetics Omega 8000. Plenty enough for a banana split, cuppa coffee, and new batteries.

The CoinMaster rejected another 27 coins because they were too chewed up. Some are bent, others are cut.

Question: What do you do with coins like that?

Cheers,

Joe

 

[Thylacine]

In Australia, all Australian banknotes and coins are the property of the government and banks obligated to accept all coinage and notes then return any damaged coins to the treasury for disposal. I have no idea what CoinMaster is but if you take the coins to the bank and hand them to the teller they should accept them. The bank may not like it but in the end they are reimbursed for the coins they hand in. By cleaned, do you mean tumbled?

Sad but true story, guy finds a LOT of gold sovereigns in a demolition, there is no way to trace the owner as clearly they were placed in hiding over 100 years ago (pre-federation). There is a dispute as to who owns the coins, finder or property owner. Government steps in and says all coinage belongs to them and takes the bloody lot! Thought of the day, don't say a word about what you found or where you found it................

 

[coast40]

Thought of the day, don't say a word about what you found or where you found it................

Pirate Law! ARRRRRRRR!

 

[Frank in NH]

Like the saying goes loose lips sink ships! If anyone has heard of this saying.

 

[Tony N (Michigan)]

In England, all finds belong to the crown from what I understand. But . . . they have to give you the fair market value of what you find. This encourages treasure hunters there to turn in their finds.

 

[Gamma_Joe]

Cashed in some more today into the CoinStar sorter. $1.92 in the pocket (after CoinStar kept its 10 percent).

About half and half from the Garrett GTI2500 and the Teknetics Omega 8000.

One thing I thought was a quarter, turned out to be a token for "King Arthur's Amusement Castle". I looked it up ... they used to be in Lawrenceville, New Jersey. It was found here in a park in Florida -- somebody had it in their pocket, from NJ to FL?

You never know what the next "beep" will bring, and you never stop learning new things. What a great hobby.

Cheers,

Joe

 

[JAN1]

I put most of my low value coins in charity boxes.

 

[Dancer]

Why would anyone give 10% of their hard earned finds to a machine. 10% That's a Hundred on a Thousand bucks. Well shoot me first. If you already dug them, cleaned them, why would you do that. Roll them for the bank, or use them as tips. As long as they're clean no waiter is going to turn them down. Take your 10% use the Quarter's and such for parking meters. Take your change invest it in silver coins. Might be the easiest 10% you'll get on your money.

 

[coast40]

The Coinstar takes 11-12% around here. It apparently has an option to give you a no fee gift card, at least at Walmart, based on the Walmart webpage.