How many times do you get fed up with the amount of penny any two pence coins you find yourself carrying? Sometimes you accumulate so many that they won’t be useful at all, taking more space in your wallet than the more useful larger value coins and notes. I never end up using them as its usually more practical to use larger amounts, especially if you’re in a rush or with kids in tow. It’s just not always convenient to be counting pennies to buy something. The result is that they usually end up going straight to my girls’ piggy bank. Now, thanks to Coinstar, you will be able to not only dispose of your pennies but be in with a chance of doubling the value when you cash them in at any of their kiosks.
Coinstar is the leading provider of self-service kiosks, owns and operates more than 1,900 supermarket-based machines in Britain that enables over 150,000 shoppers a week to convert their idle collections of loose change into vouchers redeemable for cash or shopping at the checkout
They have recently released some interesting research. Their Brand Health Tracker result shows Generation X tend to hold on to loose change but by contrast, millennials try to spend them immediately.
Coinstar, a leader in self-service coin counting, can reveal that it’s not just clothes and furniture that Brits tend to hoard – it’s also unused coins. Coinstar’s statistics show 63% of customers continue to save in piggy banks or jars at home. Stats reveal millennials are more likely to try to spend loose change immediately (45%) whereas Generation X tend to hoard loose change and only 18% try to spend them immediately.
Big Cash Clean Up
Coinstar is encouraging the nation to declutter and trade in their loose change for something they really want, perhaps a treat or a charity donation. Plus, when customers cash in their coins throughout May they will earn a chance to double their money in the Big Cash Clean Up.
The promotion, running until 27th May, is just in time as Coinstar’s recent statistics show the average transaction value to be around £38. Customers trading in their piggy banks have a one in ten chance to double their money.
In a document alongside the Spring Statement, the Treasury revealed there has been a decrease in the use of 1p and 2p coins. Six in 10 coppers** are used just once before being stowed away in a jar or piggy bank. Not only are Britons hoarding coppers, a further eight per cent of these coins are thrown away.
With potentially billions crammed in money boxes across the nation, now might be the perfect time to declutter and cash in. It couldn’t be any easier to make the most of your money, shoppers simply pour in their spare coins at their nearest Coinstar machine which can be found in more than 1,900 leading supermarket locations across the country.
Nick Harris from Coinstar says: “We all have jars of loose change at home, yet we don’t realise how much they’re actually worth. We’re encouraging customers to cash in and be in with a chance of doubling their money – ensuring those idle coins they’re holding on to can go towards a treat or be donated to charity.”
Coinstar helps turn your change into extra money that can be put towards something you really want. So if you have a piggybank sitting around somewhere at home, it’s time to trade in your loose change and who knows you may even double your money! Visit www.coinstarwin.co.uk to find your local kiosk, cash in your coins, and enter Coinstar’s Big Cash Cleanup via the site.
PLEASE NOTE THAT THIS PROMOTION IS NO LONGER VALID
Promotion terms & conditions
- Promotion valid from 30/04/18 till 27/05/18.
- The chance to double your money, less 9.9% commission, up to a max value of £100.
- Prize open to residents of Great Britain only.
- Aged 16+.
- Internet access required.
- Limit one entry per household.
- Terms and conditions apply. For full terms and conditions and how to enter visit: www.coinstarwin.co.uk
- There is a nominal service charge of 9.9% for using the Coinstar coin-counting service (fees may vary by location)
- Average of one in ten will win
- Offer excludes Northern Ireland
Do you keep your small change in a piggy bank or jar, or do you prefer to spend it straightaway? What do you think about Coinstar offering the chance for you to double your money? Will you empty your piggy bank and go to your nearest kiosk?
*Disclosure: Sponsored post
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Margaret GALLAGHER says
Time to set mine free – thats if i had ONE in the FIRST place !
Susie Wilkinson says
I’d not heard of CoinStar, but I tend to spend my change as I go so don’t hoard it anyway!
Okay! Good to know! 🙂
Kimberly Meadows says
I need to find my nearest Coinstar cos got two tins full of pennies and 2ps
Martin Lathan says
Never heard of Coinstar looks like some research is called for.
Lynn Hughes says
Margaret Clarkson says
Very interesting. Sadly I don’t have any coins saved up.
Oh, what a shame!