Comments on: The Coin Man – Pay For Your College Education With Other People’s Change

By: studentaides.com | Carnival of Student Finance #1

studentaides.com | Carnival of Student Finance #1 — Thu, 28 Jun 2007 11:57:51 +0000

[...] Strain presents The Coin Man – Pay For Your College Education With Other People’s Change posted at Personal Finance Advice. How one man was able to pay for his college education with other [...]

By: bill

bill — Thu, 07 Jun 2007 21:38:45 +0000

It does seem labor intensive and you have to have a trained eye as you sort through all those coins.

By: Student Loan Consolidation Lowdown » Blog Archive » Carnival of Student Finance #1

Wed, 06 Jun 2007 20:34:51 +0000

By: Cindy

Cindy — Thu, 19 Apr 2007 16:19:04 +0000

I don’t see this as stealing or scamming. Coinstar machines and banks do not inform you if you are exchanging a rare nickel, or even warn you that you might have any!

By: Krissie

Krissie — Fri, 09 Mar 2007 15:31:01 +0000

To me this sounds like scamming and taking advantage of elderly/unknowing people, unless of course one would split the value of the rare coins. Just my 2 cents (bad pun, I know).

By: pfadvice

pfadvice — Fri, 09 Mar 2007 07:33:30 +0000

So, how and where did he sell the coins he found. I know in theory it would work, but how do you then sell them?

He said he originally had an arrangement with a local coin dealer and did some selling on eBay in their early days.

By: Linda T

Linda T — Fri, 09 Mar 2007 06:58:40 +0000

So, how and where did he sell the coins he found. I know in theory it would work, but how do you then sell them?

By: careful there

careful there — Thu, 08 Mar 2007 16:48:50 +0000

Well, I would TELL everyone that any coins of value I would exchange for REGULAR coins, and that I keep any valuable coins. By switching the valuable coins for ordinary coins, this could be considered conversion (stealing) by a court. Yikes!!!

By: Dave Prouhet

Dave Prouhet — Wed, 07 Mar 2007 19:49:23 +0000

Jeffery,

That is a good idea. not sure how much time it takes the guy to find the valuable coins…that should be taken into consideration – but beer money does tend to take second fiddle to time involved.

My son collects aluminum cans. He has three streets and collects 300-400 cans per week which works out to $8-$9/week, every. Takes him about an hour. Not bad for a youngster whose allowance is $7 per week.

Dave

By: Smarty

Smarty — Wed, 07 Mar 2007 13:10:15 +0000

Great, when can he come and count my coins?