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Who is the IL based co similar to coinstar?

PostPosted: Tue Jul 12, 2011 11:05 pm
by rulesforrebels
A while back in a post someone linked to this company that sells machines like a coinstar but its a different company.

I geuss you can buy tehir machines or it's like a franchise or something. I wanna say they are based out of mount prospect il but I cant seem to find their site or the name of the company?

I have a buddy who was going to buy a restaurant but things fell through and he's looking to invest in something. Was going to tell him to check this company out. Anyhow,just wondering if anyone knows what I'm talking about since I heard about it on here but also since everyone on here are coin people.

Re: Who is the IL based co similar to coinstar?

PostPosted: Tue Jul 12, 2011 11:13 pm
by Oakair
I believe it was:

Cummins allison coin counter...

If not, another member will correct me :)

Re: Who is the IL based co similar to coinstar?

PostPosted: Tue Jul 12, 2011 11:20 pm
by henrysmedford
Oakair wrote:I believe it was:

Cummins allison coin counter...

If not, another member will correct me :)

Cummins-Allison Corporation
852 Feehanville Drive
Mt. Prospect, IL 60056 USA
Toll Free: 800.786.5528
Telephone: 847.299.9550
Fax: 847.299.4940

And the link is--http://www.cumminsallison.com/coin/self_service_coin.htm

Also look at--http://talaris.com/en-us/products-services/self-service-solutions/quickchange-coin-deposit.aspx

Re: Who is the IL based co similar to coinstar?

PostPosted: Wed Jul 13, 2011 8:50 am
by rulesforrebels
Awesome guys thanks a ton that coinmax machine is exactly what I was looking for.

Re: Who is the IL based co similar to coinstar?

PostPosted: Wed Jul 13, 2011 9:59 am
by highroller4321
Going to be hard to compete with coinstar......

Re: Who is the IL based co similar to coinstar?

PostPosted: Wed Jul 13, 2011 1:54 pm
by Cerulean
highroller4321 wrote:Going to be hard to compete with coinstar......

That should be easy. Just take a lower percentage cut. 8.9% can't be hard to beat.

Re: Who is the IL based co similar to coinstar?

PostPosted: Wed Jul 13, 2011 9:20 pm
by biglouddrunk
We have to work with ryedale to invent a coinstar type of machine that also sorts copper and silver. Heck you might be able to not charge the customer because you can make money on the silver.

Re: Who is the IL based co similar to coinstar?

PostPosted: Wed Jul 13, 2011 9:48 pm
by TXBullion
biglouddrunk wrote:We have to work with ryedale to invent a coinstar type of machine that also sorts copper and silver. Heck you might be able to not charge the customer because you can make money on the silver.


I just passed Feehanville earlier. Let me know if I need to stop by there :D

Re: Who is the IL based co similar to coinstar?

PostPosted: Wed Jul 13, 2011 10:07 pm
by Oakair
My local grocery store has a cummins machine...

Charges 8%

(i used it today because i was too lazy to re-roll my zincs, which is my only option at this point)

biglouddrunk wrote:We have to work with ryedale to invent a coinstar type of machine that also sorts copper and silver. Heck you might be able to not charge the customer because you can make money on the silver.


You would think coinstar sorts its pulls for copper and silver...if not, the idea should be patented ;)

Re: Who is the IL based co similar to coinstar?

PostPosted: Wed Jul 13, 2011 10:23 pm
by henrysmedford
Oakair wrote:My local grocery store has a cummins machine...

Charges 8%

(i used it today because i was too lazy to re-roll my zincs, which is my only option at this point)

biglouddrunk wrote:We have to work with ryedale to invent a coinstar type of machine that also sorts copper and silver. Heck you might be able to not charge the customer because you can make money on the silver.


You would think coinstar sorts its pulls for copper and silver...if not, the idea should be patented ;)


Coinstar in Canada does--
And from-- http://www.mint.ca/store/dyn/PDFs/RCM_AR07.pdf
Profitable growth in high-margin coinage-related businesses – the
Alloy Recovery Program (ARP) and coin processing and recycling. In
2007, revenues from the ARP increased 84.5% to $35.8 million from
$19.4 million in 2006, driven primarily by record nickel metal prices.
Working together with Coinstar International Inc., 684 million coins
were recycled to generate revenue of $1 million and savings of
$2.2 million.

Re: Who is the IL based co similar to coinstar?

PostPosted: Wed Jul 13, 2011 10:49 pm
by Oakair
ha!

The government has the coins brought to them in order to recover its money...genius!

Just goes to show how far ahead of the America the Canadians are...Id bet they lose their pennies and nickels completely before we do...they already have plastic money and dollar/2dollar coins...