Showing posts with label coinstar. Show all posts
Showing posts with label coinstar. Show all posts

Wednesday, February 16, 2011

Results: Beer Stein of Change

That's $0.01 shy of $95 dollars.

The poll closed with 12 votes and most of you deeply underestimated the value of quarters. A full half the field estimated $45 in change in my Lowenbrau beer stein and only one reader took the high and accurate road of $95. So much for the wisdom of crowds. Or maybe 12 doesn't quite make a crowd. I think Surowiecki's point had something to do with random individuals and large sample sizes, neither of which we produced here. It's clear form the poll results that I just know a few skeptics.

That said, I do want to get back to a comment by reader 'Iceman' that read:
Coinstar is for suckers....go to any TD Bank and they'll sort your change for free.
Cold, Iceman, but true. I didn't do my homework going in and was only mildly surprised (as in, I should have expected this) the Coinstar tries to fee-gouge you to the tune of 9.8%. And after that just gives you some kind of 'cash voucher' which must create a second layer of inconvenience as you find a way to redeem it. I was picturing some kind of mail-in and wait 6-10 weeks for a check, but didn't go down that road to find out for sure. Perhaps someone else can comment?

So I went with Plan B, which in Coinstar terms is taking the full dinero amount in the form of a gift card with one of their pre-selected partners. This is also a pretty sly deal and I'm sure Coinstar's getting a tummy scratch on the back end of this too, but at least you get your full value and some of the vendors are pretty good. I chose Amazon.com but you could have iTunes, The Gap or a few others. Surprisingly, Wegman's wasn't one of the vendors.

Adding in poll results for posterity and because I wanted to remove the widget from my left-hand nav:

Sunday, February 6, 2011

Beer Stein of Change

What is the dollar value of loose change contained in this beer stein from the Lowenbrau in Munich? My guess is $60, Jill's guess (after watching my scientific estimate-building process) is $75. We're heading to Wegman's in Cherry Hill, NJ where there's supposedly a Coinstar machine to convert this into crisp paper bills and will report back on results.

But, first how much change do you think is in here? Submit your best guess in the poll at the top left of the blog and see whether you get it right when I report back next Monday.