There's truth in the old saying, “Time is money.” If you run a business, then time is literally money, and time wasted is money wasted. Every second you or your employees spend counting, sorting, recounting, and wrapping coins adds up. The labour costs associated with coin handling can be particularly pronounced in coin-heavy businesses, including car washes, vending machines, laundromats, grocery stores, and gaming establishments. However, cash handling costs and risks are still evident in all businesses that accept cash as payment.
Whether you're the smallest of small businesses with one employee—you—or a fast-growing retail operation, the solution is the same: Commercial coin counting machines. Coin counters were first introduced in 1950, and they've been saving businesses like yours time, money, and countless headaches in the decades since.
When you try to collect, count, and sort coins by hand, you aren't just wasting time. You're also opening yourself up to one of the oldest threats in the world: human error. Fortunately, commercial coin counting machines allow you to maintain greater accuracy, eliminating human error while saving time in the process.
Of course, as the name suggests, commercial coin counting machines count coins. The best coin counters don't just tally up your daily sales of coins though. They also perform a number of other time-saving tasks.
So what should you look for when buying these devices? Here's what the best commercial coin counting machines can do:
1. Count Quickly
Because you’re investing in a coin counter to save time and reduce labor costs, you’ll want to choose a machine that counts quickly and is right for your unique needs. Small businesses should consider a solution like the Magner 935 commercial coin counter, for example, which has a hopper capacity of 3,000 coins and counts up to 1.800 coins per minute.
For coin-heavy businesses, the US-based SUZOHAPP SC-3003 coin counter that counts up to 2,7000 coins per minute might be a better choice. Sort up to 3,500 coins per minute.
2. Sort Coins
The best coin counting machines are also coin sorters, so you can quickly and easily sort through thousands of coins in mere minutes. The US-based SUZOHAPP ICP Active-9 coin sorter, for example, can sort up to 3,820 coins per minute.
A good coin counter can be able to sort several coin denominations at once while removing foreign and damaged coins.
3. Automatic Bag Stops
The best coin counters include settings for automatic bag stops when depositing coins in currency bags. This means the machine can stop filling the coin bags when they’re full. However, the machine should continue to count and sort the other denominations until the bag is changed and available again.
4. Automatic Coin Jam Recovery
A great coin counter can enable you to enjoy jam-free operations and automatic coin jam recovery procedures. This may not only enhance convenience but also maximize your throughput by eliminating unnecessary delays.
5. Ensure Accuracy
You want to ensure the machine you invest in guarantees accuracy, so you can effectively eliminate human error in the coin handling process with peace of mind. Fortunately, most automatic money counting machines boast 99.99% accuracy. Proper maintenance and timely repairs may help ensure your coin counter continues to give you accurate coins over the long term.
6. Desktop Coin Machines Are Portable
This last benefit might not apply to every business, but it's still a crucial thing to look for when you buy a coin counting machine. Portable coin counting machines are easy to move, lightweight devices that go wherever you need them to, giving you greater flexibility as your business grows.
Industry-leading coin counters and sorters with the best features can allow you to save time and increase business efficiency.