Does Coinstar Take Dollar Coin?

Many banks no longer offer a coin counting machine anymore. Coinstar accepts coins in its machine and helps you change them to become useful for yourself by changing them to cash or gift cards and in some cases, is used for donations. However, does Coinstar take dollar coin? This article will give an answer to this question and will educate us more on Coinstar and how it works.

Does Coinstar Take Dollar Coin?

Does Coinstar Take Dollar Coins?

  Yes, Coinstar machines accept all United States denominations of the coin from one-cent to one-dollar coins. It does not accept only the 1943 steel vent6and Eisenhower dollars. It accepts pennies, nickels, dimes, quarters, and half-dollar coins. 

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  So apart from dollar coins, other coins do Coinstar accept includes; Canadian quarters, Australian cents, British pounds, Euro, Japanese Yen, Mexican Peso, and Swiss francs.

What Coin Do Coinstar Machines Not Accept?

  1. 1943 US pennies
  2. Silver 1964 and prior dimes
  3. Silver 1964 and prior quarters
  4. Silver 1969 and prior half dollar
  5. Eisenhower silver dollars
  6. Bent coins
  7. Commemorative coins
  8. Damaged coins
  9. Very dirty coins
  10. Foreign coins,(these kinds of coins are not accepted in stores but in malls).

How Does The Coinstar Machine Work?

  Using a Coinstar machine is quite simple. The hard part is having to carry your coins to the machine and queuing up, as most stores only have one machine per store. Here are steps on how to use this machine:

  1. Locate the machine and carry your coins there.
  2. Make sure your coins are dry and not sticky.
  3. Choose the form in which you want to redeem your coins: Coinstar machines redeem coins in 3 forms; cash, e-gift cards, and charity.
  4. After that, place your coins in the machine tray for it to start the sorting process.
  5. Count along with the machine as it starts counting your coins.
  6. You will notice that at a point, it will start spitting out some coins. Those are unacceptable coins.
  7. Resubmit legit coins that were rejected by mistake
  8. After the count is complete, the machine will dispense a paper voucher for cash and for e-gift cards and tax-deductible for charity.
  9. Take your voucher to the store cashier and redeem your coins. Always cash the vouchers on the same day of printing.

  Please note that if you have more than 3000$ in coins, do well to contact Customer service at (800) 928-2274 so that they can help process and provide special assistance for you.

How Does Coinstar Redeem Coins?

After the machine has counted your coins, there are three forms to redeem coins.

  1. To Cash: It is the easiest way to redeem your coins, but in order to get cash, one has to pay an 11.9% fee ( this fee varies on location). After the machine counts your coins, it prints a voucher for you with the total amount minus 11.9 % of the fee. Take the voucher to the cashier, and you will be given cash in return.
  2. e-Gift Cards: Not all kiosk offers this redemption option. And the selection of e-gift cards varies from kiosk to kiosk. But unlike the cash option, no fee is required to redeem an e-gift card.
  3. Donations: Just like with e-gift cards, not all kiosks accept this option. These options allow you to donate your coins to charity. When you select this option, you will be given a choice to choose the charity you want to donate to, and once you do that, your money will go to your preferred charity without you being charged any fee. But you will be issued a receipt, in case of tax.

  Coinstar is not the only mean of redeeming coins to cash, one can also do it at some banks. But however, there are some qualities that give it an edge over the others. They include;

  1. Accuracy: Coinstar machines ha proven to be accurate over the years in sorting and counting coins.
  2. Fast: Apart from the queue faced before using machines, the process is much quicker than using banks. It is the fastest way to redeem your coins to cash.
  3. Convenience: Coinstar is very convenient to use, it does not require you to sort or roll up your coins. When you want to redeem your coins, the machine does the sorting for you, hence it one’s saves time and also from the stress of sorting and rolling.
  4. It can be used in small businesses: It is used not just only by stores and malls, but also in small businesses. It is usually an advantage for these businesses because they can quickly exchange their coins for cash without worrying about fees or going to a bank and sorting and rolling which takes time. It is also good for businesses to make donations.
  5. Easy to get Gift cards: Instead of exchanging your coins for cash and then going again to buy gift cards, Coinstar can save you the stress and give you gift cards for free.

Conclusion

  Coinstar makes redeeming coins easier and faster. Coinstar accepts dollar coins it still has its exemptions. These coins are redeemed in 3 ways: cash, e-gift cards, and donations. It is faster, convenient, and easy to use. Coinstar machines are usually easy to use. Coinstar machines are available in groceries, retail, and drug stores. Coinstar accepts foreign coins when they are in a mall, but not in stores. It is free to use except in cases of redeeming by cash. In all, Coinstar is the best way to exchange coins.

Frequently Asked Questions
  • Banks
  • CVS
  • Target
  • Walmart
  • Quick trip
  • Safeway
  • Lowe’s
  • Home deposit.
  1. Where Can Also I Exchange My Coins for Cash?
  1. Does Coinstar Accept Foreign Coins?

Yes, but only in the mall, not accepted in stores.

  1. Which Charity Can I Donate To With Coinstar?
  • American Red Cross
  • Feeding America
  • UNICEF
  • United Way
  • WWF (World Wildlife Foundation)
  • Leukemia Lymphoma Society
  • Children Miracle Network Hospital
  1. How Do I Locate Kiosk For Redeeming Coins For Gift Cards?

Check the Coinstar website to see stores that render these services.

Does Coinstar Take Dollar Coin?

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