How to Exchange Coins for Cash (2024)

FAQs

How do I exchange a lot of coins for cash? ›

Your local bank branch is a good place to exchange coins. The branch will typically give you coin wrappers for free. Credit unions or community banks are more likely to have free coin-counting machines for members.

To exchange coins for bills, try taking them to a local bank or retailer that offers coin-counting services. With some coin-counting machines, like Coinstar, you can also exchange coins for gift cards for free or donate your spare change to charity.

You can cash in coins for free at several banks, credit unions, and some stores. Banks like Bank of America, Wells Fargo, and U.S. Bank are known to have this service. Additionally, some credit unions (like American Eagle Federal Credit Union and Westerra Credit Union) and QuikTrip stores also have free coin exchanges.

The fees associated with using Coinstar's cash option help cover the costs of counting and sorting the coins, as well as maintaining the kiosks. If you're looking to avoid these fees, opting for an eGift Card is your best bet. You bypass the service charge and get funds to use at specific retailers and restaurants.

You can use a bank or currency broker to exchange large amounts of currency. The cost is a combination of exchange rates and transfer fees. Currency brokers can normally beat the banks in terms of cost.

eBay. If the highly selective exclusivity of Heritage had the opposite, it would be eBay, where anyone can list just about anything for sale or auction, including coins and bills.

Take it to your bank

Some banks now have coin machines that let you pay in your spare change without needing to sort it first. Not all banks offer these machines, and even those that do might not have one in your local branch. However, they should be able to take your coins if you sort them yourself.

If you're a business banking customer and you regularly need to exchange cash for coins, you can do this at the Post Office with selected banks using our Change Giving and Change Giving “l*te” services.

Some banks and credit unions offer free coin-counting services. Most limit this service to customers, and you'll find some variations in how the services work. Some have self-service coin counters on site. Others restrict the amount of change you can convert in a single visit.

How to exchange old coins for cash? ›

Visit established coin dealers and shops. These businesses specialize in buying and selling coins and can provide professional appraisals. They'll assess the condition and rarity of your coins, which is crucial in determining their value.

Get offers from coin dealers at local coin shops.

You should expect to receive an offer that's lower than the value of the coin by about 20-40%, since dealers need to make a profit when they re-sell the coin. Get offers from 2 or more coin dealers to make sure you're getting the best deal.

You don't have to count, sort, or roll your coins. Our big green kiosks are at grocery stores, so you can get cash conveniently, right on the spot. A service fee up to 12.5% + $0.59 transaction fee may apply. Fees may vary by location.

Some banks and credit unions offer free coin-counting services. Most limit this service to customers, and you'll find some variations in how the services work. Some have self-service coin counters on site. Others restrict the amount of change you can convert in a single visit.

Using Coinstar to automate the process will cost you up to $1.75. With $100 worth of change to cash in, using Coinstar will cost you up to $13 in fees. Compare that to the time and effort it will take you to sort your change and drop it into rolls or drive it to a bank with a counting machine.