Keeping count of your money is important but counting money by hand can be cumbersome and prone to mistakes. Coin counting machines are an absolute necessity for people that fill coin wrappers or simply count the total dollar value of a group of coins by hand.
Fee-based coin counting machines are showing up in supermarkets and elsewhere around the world based on a simple idea. Dump your coins into the machine and you receive a voucher, good for cash or purchases, for the amount you poured into the machine minus a transaction fee, which for the most common machines is 8.9%. If you can’t find a bank or credit union to count your coins free, is it worth using pay coin counting services or should you wrap your own coins? Advocates for fee-based coin counting systems often drone on about how long it takes to roll coins; obviously the potential for bias exists in the matter.
Many people love to cash in their spare change and buy something exciting with the money they have collected. Cashing in spare change can surprisingly add up to quite a bit of money. You don’t need to go to the store coin counting machines and pay unnecessary fees to count your spare change when you can use one of the following types of coin counting machines and do it in the comfort of your home. Any of these types of machines will count and sort your money quickly, saving you valuable time.
The most basic of the coin counting machines, these types of machines simply count coins. You simply pour in the coins into the machines opening and are given a total amount of money that has passed through the machines counter. No sorting takes place, just a simple count of your cash.
Coin Counter / Bagger
The next generation of coin counting machines is the bagging machines. This machine is for the individual with an enormous amount of change. The machine counts the coins as they pass through and bags the coins to be brought to the bank for cash. The drawback for this type of counter is this machine can only bag one denomination of coin at a time.
Coin Counter / Sorter / Wrapper
This type of coin counter and sorter is fast, accurate and best of all it does all the work for you. This coin counter can count coins and sort them into separate bins or coin tubes. This coin counter and sorter can handle pennies, nickels, dimes and quarters. As the coins are counted, they then get sorted and are put into the correct tubes for wrapping. If you are looking for the easiest way to sort, count and wrap your change than this machine does it all for you.