by Recyclersteve » Sat Nov 04, 2017 6:05 pm
Churches get a lot of coins when they pass the collection plate.
Also, you might check with the Salvation Army around this time of year. They have those people that sit next to the kettles and ring the bells so that people will donate. But you'd likely have to be more than a bell ringer to get access to the coins.
Another thing you could do is check with anyone who has a fountain that gets lots of coins- those are often dirty coins that sometimes need to be processed with something like a rock tumbler before they will be recognizable.
Also, you could advertise first with friends and neighbors that you will take coins in bulk without charging the 9% Coinstar fee. Depending on how safe you feel, you might consider extending this to nextdoor.com or Craig's List. This potentially would be a valuable service for elderly folks who don't get out very easily and don't want to lug around heavy containers with coins in them.
You could even branch out into buying foreign coins by the pound if you like.
Please let us know how this works out and what you decide to do. This is something I have thought of as well. I was just trying to work out the security details of doing such a thing.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.