Most people know Coinstar machines as places to exchange coins for cash, but did you also know that Coinstar machines are a great way to find valuable coins?
Coinstar machines work by weighing coins and checking their magnetism. If a coin is outside the parameters of most US coins, the Coinstar will reject it. Since silver coins (mostly dimes quarters and half dollars minted before 1965) are heavier than modern coins, the Coinstar will not accept them.
Most people who exchange coins at a Coinstar do not realize that their coins that are rejected may not be accepted because they are silver! Some people take the rejected coins back, but many people leave the coins in the reject tray or on the countertop of the Coinstar.
Getting into the habit of checking the Coinstar reject tray every-time you go to the store can be very profitable. It takes seconds to do and you can find silver, tokens, and foreign coins.
How do I check a Coinstar for silver?
Here is the handy Coinstar coin-finders guide for all the coin hunters out there:
I recommended looking first in the reject tray. Check with your eyes quickly, then reach your hand along the bottom of the reject tray to feel around for any coins. It doesn’t take more than a second to do.
How often do you find rejected coins at a Coinstar?
This will really depend on the area you live in. I have some Coinstars where I will find rejected coins about 1 in 5 times I check, and others that are closer to 1 in 10. Those numbers may vary greatly depending on where you live and how many other collectors are in your area.
The best Coinstar’s to use will be ones at busy places, the more often the Coinstar is used, the more likely you will find something good!
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Are all Coinstar rejects valuable?
Not all Coinstar rejects are valuable. Coins can be rejected for being dirty, damaged, or just due to a machine error. Plenty of regular coins get rejected due to chance, and if they are run through again are counted fine.
Along with coins, I have also found lint, plastic, and nails in the Coinstar reject tray. Honestly, the reject try is pretty disgusting.
Does this only work for Coinstar brand coin counting machines?
No! You can find rejected coins in any brand of coin counter. All coin counters use roughly the same mechanisms to count the coins.
I simply refer only to Coinstar machines as it is the most popular coin counter. You can also find counter counters at some banks and credit unions. (And some coin counters at banks don’t charge a fee!)
What is the most valuable thing ever found in a Coinstar?
One of my friends told me that his brother once found a Gold Sovereign in a Coinstar! A Gold Sovereign is made of22-carat goldand weighs 7.98 grams. His brother sold the gold to a pawn shop, then went to buy an Xbox. I doubt that is the most valuable thing ever found, but it is probably up there!
There is always a small chance you can find something amazing in a Coinstar, so it is always worth it to check.
What are the most common coins or tokens to find in a Coinstar reject tray?
Without a doubt the most common coin to find in a Coinstar is this prayer token pictured below! I see a lot of jokes on forums about how frequently these prayer tokens show up.
I have probably found about 5 of these prayer tokens while searching the Coinstar reject tray over the last couple of years! I pretend that they are all giving me good luck for my next Coinstar search!
For my good finds I would say silver 1964 dimes and quarters are the next most common coin to find at a CoinStar. Since the 1964 dimes and quarters are 90% silver the Coinstar does not include them when counting. Since 1964 was the last year for silver coins, many more were madae
Is it legal to take coins from the Coinstar?
I’m not sure if a store could make a case that they own the coins once they have gone through the machine, but I have never been asked not to check the machine. Plus, it would be hard to prove they are not your coins.
It only takes a few seconds to look for rejected coins, so I doubt most employees even know what I am doing when I go over to the Coinstar.
If you do find a cool coin, try to be subtle about it. You wouldn’t want a random person coming up and claiming they had just used the machine on their coins.
Where can I show off my Coinstar collecting finds?
There is a great Reddit community on the sub r/CoinstarFinds where you can post images of coins, tokens, and random objects found at the Coinstar.
You can also share your photos on my Contact Page, in the comments, or on the American Coin Stash Facebook page!
Share a comment below on your best finds and vote in our poll!
As a seasoned numismatist and avid coin enthusiast, my expertise in the realm of coin collecting and identifying valuable coins is deeply rooted in years of hands-on experience. I've spent countless hours exploring various coin sources, including Coinstar machines, to uncover hidden treasures and share valuable insights with the community.
Now, let's delve into the concepts discussed in the article about Coinstar machines:
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Coinstar Machines and Their Functionality:
- Coinstar machines are commonly known for converting loose change into cash.
- They operate by weighing coins and checking their magnetism to distinguish between different coin types.
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Identification of Valuable Coins:
- Valuable coins, such as pre-1965 silver coins (dimes, quarters, and half dollars), are often rejected by Coinstar machines due to their weight.
- Coinstar users may not realize that rejected coins could be valuable, leading to potential missed opportunities for collectors.
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Checking the Coinstar Reject Tray:
- The article suggests regularly checking the reject tray of Coinstar machines for rejected coins.
- This quick and simple practice can yield finds such as silver coins, tokens, and foreign coins.
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Frequency of Finding Rejected Coins:
- The likelihood of finding rejected coins varies depending on the location and how frequently the Coinstar machine is used.
- Busy locations with high machine usage are more likely to yield valuable finds.
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Types of Coin Rejects:
- Not all rejected coins are valuable; some rejections result from dirt, damage, or machine errors.
- Regular coins may also be rejected by chance, but they can be counted fine upon reinsertion.
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Applicability to Other Coin Counting Machines:
- While the article focuses on Coinstar machines, the practice of finding rejected coins applies to any brand of coin counter.
- Banks and credit unions may also have coin counters, some of which don't charge a fee.
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Legal Considerations:
- The legality of taking coins from Coinstar machines is not explicitly discussed.
- The author suggests that it is a quick process and that store employees may not be aware of the activity.
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Most Valuable Finds:
- Anecdotes, such as finding a Gold Sovereign in a Coinstar machine, highlight the potential for remarkable discoveries.
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Community Engagement:
- The article mentions an online community, specifically the subreddit r/CoinstarFinds, where individuals can share images of their discoveries.
- There are also opportunities to share findings on the author's Contact Page, in the comments, or on the American Coin Stash Facebook page.
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Prayer Tokens and Common Finds:
- The article notes that a common find in Coinstar reject trays is a prayer token, often joked about on forums.
- Silver 1964 dimes and quarters are mentioned as frequent and valuable discoveries due to their silver content.
In conclusion, the article provides valuable insights for coin enthusiasts, encouraging them to explore the reject trays of Coinstar machines and other coin counters for potential hidden treasures. The author's firsthand experiences and knowledge contribute to the credibility of the information shared.
