Do you have loose change lying around? Or do you want to roll your silver bullion coins? Either way, rolling your coins is a smart idea. Rolled coins can be taken to the bank and deposited, or if you have silver bullion then you can safely organize your silver collection. Luckily it's easy to roll coins. In this article we will show you the exact steps you can take to roll coins by hand.
1. Get Your Wrappers Ready
You can't roll coins without paper coin wrappers. If you just want to take your rolls to the bank, then you will probably only need pennies, nickels, dimes, and quarters. If you're a bullion collector then you may need half dollars and dollars.
Not every wrapper is created equally. When choosing a wrapper brand you want durability, and you want the wrappers to be pre-formed. We have a separate article on where to buy coin wrappers.
2. Set All Your Coins on a Large Table
A large table or counter top will ensure that you won't misplace any of your coins. You can also do this on the floor or carpet. It's just important that you can see all of your coins.
3. Sort the Coins by Denomination
Now it's time to organize your stash of coins. Move all the quarters to one end, all the pennies to the other end, etc.
4. Insert Coins into Rolls
Once you have each coin sorted by denomination then it's time to roll the coins. It's easy. All you need to do is put the correct number of coins into the correct wrapper and pack them in tightly.
For example let's say we are going to roll quarters. We grab a quarter wrapper (it's orange and labeled 'quarters') and fill it with 40 quarters. A quarter roll with 40 quarters is equal to $10.
It's important that you put in the exact number of coins for each wrapper. Don't just fill the wrapper all the way to the top.
The table below shows how many coins you need for each wrapper. Use this table as a reference when needed.
|Denomination||# of Coins in Roll||Value|
5. Seal the Top
Once you have the correct number of coins in a wrapper, then it's time to crimp the wrapper. There is no exact method of doing this. Typically you just fold the sides over so you can no longer see the top coin. The seal doesn't need to be perfect but it should be secure.
Should You Buy a Coin Machine?
If you are a business that goes through a lot of coins or if you just want to save time then you could buy a coin machine. This type of machine does all the sorting and wrapping for you. When using a coin machine, all you would need to do is put the coins through the hopper. The machine will then sort the coins and put them into the correct tubes. Once the correct number of coins are in a single tube, it will then change to a new tube. If you placed your wrappers inside these tubes then all you would need to do at the end is seal your wrappers.
One of the best coin machines is the Royal Sovereign FS-44P. This machine is fast and has great reviews.
We don't recommend that you go to a Coinstar or similar for-profit coin machine. These machines will take a percentage of your total value.
So that's all there is to it. Once you have your coin rolls then it's up to you on what to do with them. If they are regular coins then you can take them to your bank. At the bank you can either deposit them or exchange them for bills. If they are bullion coins then you can put them in a home safe or you can look to sell your silver.