Coinstar offers free coin counting at ANA World’s Fair of Money, July 30
(Colorado Springs, Colorado) – As a public service, the American Numismatic Association (ANA) World’s Fair of Money® (www.money.org) in San Francisco will offer an opportunity for people to cash in their accumulated pocket change. And that potentially could be a big haul because there are estimates the Bay area is filled with hundreds of millions of dollars of idle money.
“Coinstar®, the company that has coin-counting machines conveniently located in thousands of grocery stores around the country, will set up six machines at the ANA convention in the Moscone West Convention Center to let the public cash in their loose change on Saturday, July 30, from 9 a.m. to 2 p.m. There will be no fee for this service, courtesy of Coinstar,” said Christopher Cipoletti, ANA Executive Director.
In addition to the no-fee coin counting, some people actually can make money by cashing in their coin jars and piggy banks at the ANA convention.
“The first 500 people who elect to covert at least $5 of their loose change to a Starbucks Card at the Coinstar machine will have their Starbucks Card loaded with an additional $3 courtesy of Coinstar. This is to introduce our new Coin to Card™ service, now available at Albertsons and Mollie Stone’s stores in San Francisco, that offers no coin-counting fee when consumers turn their change into a gift card,” explained George White, a spokesman for Bellevue, Washington-based Coinstar.
“Based on Coinstar research, we estimate there is more than $200 million in idle change sitting around homes in the San, Francisco Bay area. This will be a good time for people to dig the change out of the couch to cash it in for no-fee coin counting at the ANA convention,” said White.
Coinstar estimates Americans have billions of dollars in idle change. “Eighty percent of U.S. households accumulate change, and a quarter of the population does nothing with their change. It averages about $99 per household, or about $10.5 billion nationwide,” said White.
“The free coin-counting opportunity is an exciting first for the ANA. I expect a fair number of people cashing in their accumulated change at the convention then will spend some of it at the World’s Fair of Money,” said Cipoletti.
The American Numismatic Association World’s Fair of Money will be held in the Moscone West Convention Center, 800 Howard Street, San Francisco, California, July 27 – 31, 2005. The hours are Wednesday through Saturday, 10 a.m. to 6:30 p.m., and Sunday, 10 a.m. to 2 p.m. The Coinstar coin counting will be available only on Saturday, July 30, from 9 a.m. to 2 p.m. near the ANA convention’s registration area on the 2nd floor.
About Coinstar, Inc.
Coinstar, Inc. (NASDAQ: CSTR) is a multi-national company offering a range of products and services consisting of coin counting, electronic payment solutions and entertainment services. The company’s front-of-store offerings can be found at convenient retail locations including supermarkets, drug stores, mass merchants, convenience stores, and restaurants. American Coin Merchandising Inc., Cell Cards of Illinois, L.L.C., and Coinstar E-payment Services, Inc. are wholly-owned subsidiaries of Coinstar, Inc. For more information visit: www.coinstar.com.
Originally Release Date: June 22, 2005