Showing posts with label Small Change. Show all posts
Showing posts with label Small Change. Show all posts

Tuesday, May 8, 2012

Small Change Results

Here are the results of my cashing in, I weighed the coins to get an idea comparing to a nominal weight of £1 to get the value.

Coin £1 grams Weight Estimate £/coins Actual £/coins
1p/2p 350 3571 10.20 / 714 9.93 / 657
5p 68 740 10.85 / 217 11.55 / 231
10p 65 1880 28.90 / 289 28.50 / 287
20p 25 1349 54.00 / 270 53.60 / 268


I estimated that the 1p/2p were split 40:60 but it was much nearer 50:50

Saturday, May 5, 2012

Small Change Crisis

I am not very efficient with small change, and it has built up in the last couple of year.

I did some weighing up and worked out things had got out of hand and it was time to try and cash it in somewhere

I had seen people using CoinStar machines, and knew about the 8% processing charge, but it also turns out that they return vouchers redeemable in store.

But then I was in Natwest and they paying in machines now take coins - and probably have done for a few years maybe. Also paid into your account with no transaction charge.

This was the way I went for, it works pretty well - and now I can solve my loose change crisis.