How to Count Coins: 14 Steps (with Images)

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How to Count Coins: 14 Steps (with Images)
How to Count Coins: 14 Steps (with Images)
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Many people have a jar of coins or a small safe and every now and then they feel like counting them to see how much money is in there. This can be done by hand by separating the types of coins, adding up the total for each type and then adding up those totals. It is also possible to save time and use a coin counter machine at a local bank. Some supermarkets have self-service machines, but some charge a small fee to use them. Consider buying a small coin counting machine that you can use at home if you have a lot of coins frequently.

Steps

Method 1 of 2: Counting Coins By Hand

Count Coins Step 1

Step 1. Collect all coins

Empty jars, pants pockets, piggy banks or any other object where you keep coins. Look between sofa cushions or in drawers too if you want to make sure you haven't forgotten any.

Count Coins Step 2

Step 2. Divide the coins into small groups according to type and create individual groups

All coins of a certain value must be grouped into a single pile. Do this in a place with plenty of space to keep groups separate from each other.

For example, separate the coins into groups of 1 cent, 5 cents, 10 cents, 25 cents, 50 cents and 1 dollar

Count Coins Step 3

Step 3. Work with each type separately

Choose a pile of coins. Leave the others aside for now. They will be counted later. For example, separate one of the piles and set the others aside while you count. Count each type in turn.

Count Coins Step 4

Step 4. Stack 10 coins

Make vertical piles, each with 10 coins. After making piles of all of them, there may not be enough others to make a last one, but that's okay. Reserve those extra coins.

  • This strategy works best if you have a lot of coins. It's easier to count and multiply a closed number such as 10, making it easier to count large amounts. Make piles of five coins if you don't have enough available.
  • When counting a few coins (less than 10), just make a pile and count the exact number in it. Write the number found.
Count Coins Step 5

Step 5. Count the number of piles made and multiply it by 10

Look at the stacks of the chosen type and count how many complete groups there are. Once you count that number, multiply it by 10. This is the total number of coins for that type.

  • For example, let's say you have 8 piles of a specific coin type.
  • Multiply 8 x 10 = 80. There are 80 coins in total.
Count Coins Step 6

Step 6. Multiply the total number of coins by its value

The result is the total amount of money of that type. Once you have the final amount, write it down in a notebook.

  • 80 coins x coin value = total amount of coin type.
  • For example, when counting 10 cents: 80 coins x 10 cents = $8.00.
Count Coins Step 7

Step 7. Consider the remaining coins that didn't make a full pile of 10

Remember to add the value of these coins to the final amount.

  • For example, for eight piles of 10 cents: 80 coins x 10 cents per coin = $8.00.
  • Imagine that you have three extra 10 cents: $8.00 + 30 cents = $8.30. This is the total amount in 10 cents.
Count Coins Step 8

Step 8. Repeat this process for the other existing currency types

Make piles of 10 coins, count the piles and multiply them by 10. Multiply the result by the value of the coin. Write the final amount for each of the different types.

  • For example, imagine you have three piles of 25 cents: 3 piles x 10 coins per pile = 30 coins total. 30 coins of 25 cents x 25 cents per coin = $7.50.
  • Imagine there are two extra coins: $7,50 + 50 cents = $8.00. This is the total amount in 25 cents.
Count Coins Step 9

Step 9. Add the final amounts for each type of coin to get the total

Use a calculator to facilitate this account. Enter the amounts and add it all up. The result is the total amount in coins.

  • For example, imagine that you have $1.53 in 1 cents, $2.10 in 5-cents, $8.00 in 10-cents, and $8.00 in 25-cents.
  • Add all these numbers together: 1, 53 + 2, 10 + 8, 30 + 8. 00 = 19, 93. The total coin money is $19.93.
Count Coins Step 10

Step 10. Roll up the coins while separating them into piles

To avoid counting huge piles of coins, use paper bags to make rolls and store the coins. Roll each type separately and write on the outside. Remember to count how many coins are in each roll. It is also possible to use clear tape or masking tape.

  • For example: Make rolls of 10 coins and write the total on the outside.
  • Take the rolls to a bank and ask them to deposit in the account or exchange them for bills.
  • Many stores and supermarkets also exchange coins for bills.

Method 2 of 2: Using Machines to Count Coins

Count Coins Step 11

Step 1. Find a bank with a coin counting machine

Call some banks and ask if they have one. Ask if you can use it and if the service is free. Also ask how you will receive the money after counting.

  • Some banks have coin counting machines, but only tellers can use them. Others charge some fee (usually a percentage of the total amount).
  • Usually the total is exchanged into larger bills.
Count Coins Step 12

Step 2. Ask a bank employee if he can count

Usually bank employees will do this count if there is no self-service machine. Just take the coins to the cashier and give them to them.

  • It's always best to call ahead and confirm that the bank offers this service before taking any coins there.
  • Once the coins are counted, you will usually receive the money in larger bills.
Count Coins Step 13

Step 3. Use a self-service coin counting machine

These machines can be found in retail stores such as supermarkets. They usually charge a small fee for the service, so find out before using them. They count the coins, discount the fee, and then print a receipt for the full amount. Take this receipt to a cashier to receive the amount in larger bills.

  • Some machines offer different options that allow you to exchange currencies without charging any fees. These options vary, but are usually credits to be used at the store or supermarket.
  • Some machines allow you to skip the fee collection step if you donate the full amount to charity.
Count Coins Step 14

Step 4. Buy a coin counting machine to use at home

It does all the counting work and even sorts the coins automatically. Make rolls of each type of coin if you wish. Remember to note the amount on the outside of the roll.

  • Take the rolls to a bank and ask them to deposit in the account or exchange them for bills.
  • Some types of machines allow you to insert specific types of rolls to make the process even easier.

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