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If you're a business, it will probably come as no surprise that counting change can take a long time. This is especially true when counting a drawer at the end of the day. The chance for an error is extremely high, especially when dozens, hundreds and even thousands of coins are involved. Counting errors are rarely on purpose, but happen on an all to frequent basis. This is where coin counters come into play.
Coin counters have been around for some time. For years, however, coin counters were either a novelty toy given to a child at Christmas, or a high-end industrial machine used in a bank. Along with computer technology, coin counters have shrunk in size over the years. A coin counter is now available in a compact machine that can easily sit on a table or desk, often weighing no more than 8-10 pounds.
It may take an hour for one person to count a jar of pennies. Most coin counters can count that same amount of coins in a few minutes. There is no comparison when it comes to accuracy. Coin counters, by design, are accurate right down to the penny. There is no room for error when it comes to counting coins. Mis-counted money can mean lost revenue later down the road, not to mention the amount of time and money it costs to have an employee count change.
There are several types of coin counters available, depending on the needs of the business using them. The most basic coin counters will sort and count coins, usually depositing the coins into separate bins. A step up from that are coin counters that not only sort and count, but also bag or wrap the coins. Bagging and wrapping coins is especially nice for storing change.
Speed is often the biggest difference between low end sorting, counting, tubing and bagging machines and high-end designs. The higher-volume the machine, the faster it can count coins. Cassida offers a model, the C100, which is a favorite among several small businesses for the ability to count, sort and wrap coins. Mid to large businesses prefer something more robust, like the Semacon S-520.
Most coin counting and sorting machines include features such as coin totals, value totals, batch counting and more. Additional accessories are often available to help assist coin counters. An example of this would be a coin crimper. Coin crimpers take wrapped coins (stored in shotgun shell tubes), and crimp the ends to prevent the coins from scattering.
Coin counters are a valuable and integral part of almost any retail business. For more information on coin counters, please contact Office Zone.
