How to Count Coins

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Saving your change can be a good way to set aside extra money. However, it's difficult to spend a pile of coins, and banks will often only accept coin deposits when the coins are rolled. To count coins, you can use an automatic coin sorter that will sort coins into slots and sometimes drop them into coin wrappers. If you would rather count your coins by hand, take the time to review how many of each coin goes into a roll and how much each roll is worth.

Things You'll Need

  • Coin wrappers
  • Pen
  • Paper
  • Dump the coins you would like to count onto a flat surface, such as a tabletop. Take care to dump the change gently so none of it is lost.

  • Sort the coins into type using your fingers. For example, put quarters in one area, dimes in another area, nickels in yet another and pennies in yet another. To make this process as quick as possible, do not count or stack the coins yet.

  • Separate each pile of coins into stacks. Begin a new stack when you have completed a stack that contains the number of coins for a complete roll. There are 40 quarters in one roll, 50 dimes in one roll, 40 nickels in one roll and 50 pennies in one roll.

  • Place each stack of coins into a coin wrapper and close. You can use paper or plastic wrappers and these may be available from your bank, or at an office supply store.

  • Count the number of coin stacks for each coin denomination. Write this information on a piece of paper. For example, if you have three rolls of quarters, write down "3 rolls of 25 cents," and so on throughout all of the denominations.

  • Multiply the number of rolls in each denomination by the dollar or cent value of each roll. One roll of quarters is worth $10; one roll of dimes is worth $5; one roll of nickels is worth $2; and one roll of pennies is worth 50 cents. Write the value of each denomination on your paper. For example, next to "3 rolls of 25 cents," write down "$30."

  • Add together the total value of all of your coin rolls. For example, if you have $30 in 25 cent rolls, $10 in dime rolls, $4 in nickel rolls and $1.50 in penny rolls, you would have a total coin roll value of $45.50.

  • Add the total value of your loose coins to the total you have in rolls. For example, if you have an additional 45 cents in loose change, add this to your coin roll total of $45.50. Your total, $45.95, is the amount of change you have.

Tips & Warnings

  • If you would rather know the number of coins you have, simply add that number together instead of the value of the coins. For example, instead of calculating that you had $30 in quarters, you would instead write down that you had 120 quarters and would go on to calculate the same figure for each denomination.

References

  • Photo Credit Jupiterimages/BananaStock/Getty Images
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