#0092: Coin-Counting Machines

Saving up loose change has become a standard practice for people looking to put aside a lump sum of money over a period of time.

Once a person has collected a substantial amount of change, they’ll usually want to count it up and exchange the coins for larger dollar bills.  But what is a person to do when the amount of pennies, nickles, dimes and quarters they’ve collected is far bigger than they’d like to sit there and count out?

Back in the day, the only option a person had was to buy coin paper rolls that looked like this:

Unfortunately, you still had to sit there and fit the coins into the rolls, which took up a whole lot of time and could also be difficult.

Today, though, there is a much easier way for people to count their coins – by letting a machine do it for them!

Many grocery stores nowadays have Coinstar machines near their entrance that are designed to sort out all the change you have to count.  All you have to do is pour in all your coins, and the Coinstar machine manages to accurately show you not only how many of each coin you’ve inserted, but also the dollar amount those coins will bring you. 

These machines usually have some kind of miniscule charge – most of the ones I’ve encountered keep 8.9 cents for every dollar counted – but it still beats having to sit around all day counting out what could amount of hundreds of dollars in coins. 

Once the machine is done counting your money, it prints out a receipt with the amount printed on it; all you have to do is take it to the nearest cashier and BOOM! You now have cold hard cash in your hands, and your hands don’t smell like metal and dirt because you had a machine count the coins for you!

Ah, coin-counting machines… now THAT’S something to be thankful for!

-Aaron P. Taylor

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