# Nine Out of Ten Americans Throw Their Loose Change Into a Coin Jar Or Container - How Much Is It Worth?

Apr 03, 2001, 01:00 ET from Coinstar Inc.

```    BELLEVUE, Wash., April 3 /PRNewswire/ -- Americans have cashed in more
than \$3 billion in loose change using coins-to-cash machines.  Most of this
found money started out as pennies, nickels, dimes and quarters routinely
tossed into a coin jar or piggy bank.
To help consumers gauge how much money might be in their coin jar,
Coinstar, which maintains a network of more than 8,500 machines in 200 leading
supermarket chains across the U.S., has added a feature to its Web site
(http://www.coinstar.com) that helps consumers estimate a containers value
based on its size and an average coin mix (22% silver, 78% pennies).  For
example:

1 Gallon  =    \$160.95
32 oz.    =     \$40.24
8 oz.     =     \$10.06

The Coinstar National Currency Poll shows that 92% of Americans toss their
loose change into a jar, piggy bank or other container.  The study also
revealed that 28% cash-in their change on a regular basis every three months.
Based on the average Coinstar machine transaction, the company estimates that
the average consumer can have between \$30 and \$50 stored up in their homes at
any given time.
Since Coinstar was introduced in 1992, among the largest transactions on
record are an \$8,100 cash-in by a customer in San Dimas, California; and more
than \$3,000 in change cashed in by a couple in Queens, NY which they then used
to take a second honeymoon.
Statistics from the U.S. Mint and Coinstar show that there is more than
\$7.7 billion in loose change sitting idle in people's homes and that the
average American will have handled about \$600 worth of loose change by year's
end.  Much of that money makes a one-way trip from the banking system to
retailers' registers to a piggy bank or dresser drawer.  When you consider it
recently took an intern for CNBC's "Steals and Deals" show, 40 minutes to
manually count \$9 in coins, this translates into nearly FOUR HOURS to count
\$48 in pennies.  Just think of what could be done with that extra time!
At a time when the economy is fluctuating so rapidly and every dollar
counts, perhaps the fastest and easiest way to tap that new-found wealth, is
to bring that coin jar with you on your next trip to the supermarket.
Coinstar machines accept unsorted change and count at the rate of 600 coins
per minute.  At the end of the transaction, Coinstar customers receive a
printed voucher for the full amount of the transaction less a service fee of
8.9%, that is redeemable for cash or groceries at the cash registers or
customer service desk.
Coinstar uses technology to deliver time and money saving services to
consumers in their local supermarkets.  Coinstar's 8,500 strong network of
machines is currently available to 130 million consumers in 45 states and the
District of Columbia, as well as in Canada and the United Kingdom.  Consumers
can visit http://www.findcoinstar.com or call 1-800-928-CASH to find the
nearest Coinstar(R) machine.

SOURCE  Coinstar Inc.

```
```    BELLEVUE, Wash., April 3 /PRNewswire/ -- Americans have cashed in more
than \$3 billion in loose change using coins-to-cash machines.  Most of this
found money started out as pennies, nickels, dimes and quarters routinely
tossed into a coin jar or piggy bank.
To help consumers gauge how much money might be in their coin jar,
Coinstar, which maintains a network of more than 8,500 machines in 200 leading
supermarket chains across the U.S., has added a feature to its Web site
(http://www.coinstar.com) that helps consumers estimate a containers value
based on its size and an average coin mix (22% silver, 78% pennies).  For
example:

1 Gallon  =    \$160.95
32 oz.    =     \$40.24
8 oz.     =     \$10.06

The Coinstar National Currency Poll shows that 92% of Americans toss their
loose change into a jar, piggy bank or other container.  The study also
revealed that 28% cash-in their change on a regular basis every three months.
Based on the average Coinstar machine transaction, the company estimates that
the average consumer can have between \$30 and \$50 stored up in their homes at
any given time.
Since Coinstar was introduced in 1992, among the largest transactions on
record are an \$8,100 cash-in by a customer in San Dimas, California; and more
than \$3,000 in change cashed in by a couple in Queens, NY which they then used
to take a second honeymoon.
Statistics from the U.S. Mint and Coinstar show that there is more than
\$7.7 billion in loose change sitting idle in people's homes and that the
average American will have handled about \$600 worth of loose change by year's
end.  Much of that money makes a one-way trip from the banking system to
retailers' registers to a piggy bank or dresser drawer.  When you consider it
recently took an intern for CNBC's "Steals and Deals" show, 40 minutes to
manually count \$9 in coins, this translates into nearly FOUR HOURS to count
\$48 in pennies.  Just think of what could be done with that extra time!
At a time when the economy is fluctuating so rapidly and every dollar
counts, perhaps the fastest and easiest way to tap that new-found wealth, is
to bring that coin jar with you on your next trip to the supermarket.
Coinstar machines accept unsorted change and count at the rate of 600 coins
per minute.  At the end of the transaction, Coinstar customers receive a
printed voucher for the full amount of the transaction less a service fee of
8.9%, that is redeemable for cash or groceries at the cash registers or
customer service desk.
Coinstar uses technology to deliver time and money saving services to
consumers in their local supermarkets.  Coinstar's 8,500 strong network of
machines is currently available to 130 million consumers in 45 states and the
District of Columbia, as well as in Canada and the United Kingdom.  Consumers
can visit http://www.findcoinstar.com or call 1-800-928-CASH to find the
nearest Coinstar(R) machine.

SOURCE  Coinstar Inc.

```