How to Roll Coins
If you take the time to carefully search your junk drawers, couch cushions, pockets, wallets, purses and car consoles, you may turn up a small fortune in loose change. Of course, some people purposefully hoard spare change in a designated bowl or bank, which provides an excellent means of saving extra money for special events, such as a date night or vacation.
With luck, you may discover some rare Wheat Pennies or a mint-condition Silver Dollar within your stash! Even if you don’t find something remarkable in your search, saving small change adds up. When you are ready to cash your coins in at the bank, the most efficient way to do so is in rolls. The simple task of rolling and wrapping your coins by denomination allows the bank to total the coins quickly for either deposit or cash exchange.
COIN ROLLS BY DENOMINATION
When rolling coins, it is necessary to sort them by denomination and count them into appropriate quantities for wrapping, as coin rolls must be carefully standardized.
|Denomination||Number of Coins||Cash Total|
Rolling coins requires the appropriate supplies to roll and seal the coins. Further, one must take great care in counting to ensure all rolls contain the correct number of coins.
ROLLING THE COINS
To roll coins properly, you must follow a procedure. Whether you are rolling a roll of quarters, nickels or any other denomination, the procedure remains the same. As you gain experience with the process, you can adapt the procedure to your liking. While the only supplies absolutely necessary are coin wrappers and loose change, other gadgets may make the process faster and easier.
STEP 1: SORT THE COINS
You might sort the coins by hand or use a coin sorter, a simple device or machine which ensures accuracy. Some coin-sorting machines even distribute the coins into wrappers that you have placed into the appropriate slot, allowing the machine to sort and wrap the coins automatically. If you opt to sort by hand, pour all the coins on a cleared flat surface and separate them into piles by denomination. A coin tray is a great tool you may wish to use if you sort by hand.
STEP 2: COUNT THE COINS
After sorting the coins, count them into stacks of 10. This may seem unnecessary, but each time you count the coins you are further ensuring accuracy. Then, divide the stacks of 10 into the amounts you need to fill a coin roll for that denomination. For example, penny and dime rolls require five stacks of 10, while nickels and quarters require four.
STEP 3: ROLLING THE COINS
Next, select a coin wrapper and fill it with the appropriate denomination and count of coins. Sliding a finger into one end of a paper wrapper holds it steady and helps keep the coins tidy as you place them in the other end. Having your coins stacked in tens helps this go very quickly. Alternatively, you can purchase coin-counting tubes. These tubes look something like kitchen funnels, but they feature a coin-specific tube with a closed bottom. Each denomination of coin requires its own tube. To employ the tubes, place the proper number of coins in the tube, and then push an open coin wrapper down into the tube over the coins.
STEP 4: SEAL THE WRAPPERS
If you are working by hand, hold the coins in the wrapper with a fingertip while folding the upper part of the wrapper over the coins. Be sure to leave enough paper on the bottom to seal the other side, too. Then, with that fingertip in place, invert the coin roll and fold down the other side of the wrapper. If you are using a coin rolling tube, once the wrapper is in place around the coins, place a finger on top of the coins and invert the whole coin tube so that the coins, still inside the wrapper, slide out as a unit. Keeping your thumb in place, fold the wrapper over the top of the coins, then invert the roll and fold the wrapper over the other end.
STEP 5: CASH IN YOUR COINS
You can store your rolled coins at home as a way to save up for the proverbial rainy day or take the coin rolls straight to the bank. There are specialized coin boxes that make it possible to sort and store rolls of coins and make it easy for bank workers to quickly total the rolls.
BUY COIN SUPPLIES AT APMEX
Should you be lucky enough to find an exceptional coin as you compile change for rolling, look to APMEX for the appropriate storage solution. We are pleased to offer the protective bags, capsules and cotton gloves your special coins require.