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Learn About Coinstar

Contact us at: info@coinstar.com
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Company Fact Sheet
Coinstar, Inc. (NASDAQ: CSTR) was founded more than a decade ago with a simple, yet innovative idea: a self-service machine that turns coins into cash. Coinstar's first coin counting machines were installed in four San Francisco Bay area supermarkets in 1992. Following a successful launch in the US, in 1999 Coinstar launched in the UK. Today, Coinstar provides multiple offerings beyond coin counting and is positioned as a leading provider of 4th WallTM services for the front of the store. With thousands of points of distribution, Coinstar’s products and services provide consumers with coin counting, Pay as You Go products and entertainment services at a range of convenient locations in North America, the UK, and Ireland.
The Coinstar coin counting service can be found at many of the UK’s major supermarkets. The service allows customers to convert hoarded coins into spendable cash, without the hassle of having to sort the coin or got to the bank. To find your nearest Coinstar location, please use our
store locator. In additional to coin counting, the company offers popular e-payment services in the UK. Coinstar's self-service mobile phone Top-up kiosk is the easiest and smartest way to top-up your Pay As You Go mobile, as well as offering International calling cards and other electronic services. The Kiosk is accredited by all the major mobile networks, and benefits the retailers as a 'destination service' to attract shoppers. As a self-service solution, this helps to reduce store labour, increase footfall, increase revenues and enhance the whole shopping experience for the Customer.
In the UK, Coinstar successfully operates over 250 'wireless' self-service mobile phone top-up kiosks across various leading strategic channels including Education, Retail, Leisure and Transport.
Coinstar operates and maintains the whole service resulting in a hassle-free, convenient and exciting new service for both retailers and their customers alike.
The self service mobile phone Top-up kiosk can be supplied on a variety of business models tailored to meet the retailer's requirements including Coinstar's "own and operate" model, as well as various lease programmes.
Coinstar was founded on innovation and continues to invest in its technology and partner with industry leaders to bring the best solutions to the market. Coinstar possesses approximately 60 domestic and foreign patents for its coin cleaning, anti jamming technology, and fraud prevention innovations. Coinstar brand coin counting offers highly accurate counting and unsurpassed machine uptime, benefiting both consumers and retail partners. In recognition of its kiosk technology and convenient access to e-payment products, Coinstar received the 2004 Frost & Sullivan Product Innovation Award.
Coin Counting
- 28 million people keep money in piggy banks and jam jars
- Coinstar machines in the UK have processed more than £500 million in change, in approximately 22 million transactions
- Estimates indicate that £580 million in loose change is sitting idle in UK households
- Of the 23 billion coins in circulation, 13 billion are sitting in piggy banks and jam jars or down the backs of sofas
- The largest Coinstar transaction to date in the UK is £5,677 by a customer in Sydenham in Kent
- More than 2 billion coins have been processed in the UK
- The average transaction value is £23
E Top-up
- There are in excess of 60 million mobile phones in the UK of which 40 million are Pay As You Go
- 1 million children under the age of 10 have a mobile phone
- 88% of 18-24 year olds have a prepay mobile phone
- 40% of people over 65 have a prepay mobile phone
- On average Consumers top-up every 2.5 weeks
- There are 16 Prepay transactions carried out every second of every day
- Founded:1991
- Publicly traded on the NASDAQ Exchange: CSTR
- Annual revenues of $307.1 million (fiscal year 2004)
- Approximately 2,000 employees worldwide
- Headquartered in Bellevue, Washington, USA
- On the Web at www.coinstar.com
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