Bank rolls are paper or plastic wrappers that hold a specific amount of coins and are color-coded for easy identification. They are used for making change in retail sales and can be deposited into a bank account. Different countries have different denominations and color coding conventions. Banks provide casings for free, and accessories are available to make using coin toss wrappers easier. Coin collectors sometimes acquire bank rolls to see if they contain valuable coins.
Bank rolls are the wrappers that are placed around stacks of coins. They are usually made of paper or plastic and contain a specific amount for a particular coin denomination. The wrappers are clear or pre-printed with the value of the roll and are often color-coded to make coin identification quicker and easier. Merchants withdraw cash in bank rolls to make change in retail sales and are also an easy solution for individuals to arrange for reserve change to be deposited into a bank account.
The specific denominations and color coding conventions vary from country to country, depending on the monetary system. In the US, the penny wrapper holds 50 coins and features red stripes. In the European Union, the bank roll for the euro cent also contains 50 coins, but these wrappers are marked with a white stripe.
Paper wrappers are available as flat wrappers or in preformed tubes. Reusable plastic tubes are becoming increasingly popular, particularly in the European Union. Banks often provide casings for free, especially to bank customers, and casings in bulk can be purchased at office supply stores or online. Accessories are available that make it easier to use coin toss wrappers, such as holders that allow the user to quickly fill a wrapper to the correct amount without the need to count. You can also buy machines that sort, count and wrap coins.
The most common denominations of coins are usually available in bank rolls and rolls of less common denominations may be requested. There are banks that only accept unwrapped coins, which they then weigh or sort to determine their value, due to the potential risk of bank fraud. Attempts at fraud include filling out a bank roll with the wrong amount of coins, with fake coins or snails, or with international coins. To help trace deposited coins, storytellers often ask customers to write their name and account number on the paper wrappers.
While the most common use of bank rolls is for storing cash registers, they are also part of an unusual hob. Some numismatists, or coin collectors, enjoy acquiring bank rolls to see if they contain valuable coins. The bank roll is not discarded to see if there are rare coins or coins containing copper or silver, which are worth more than the face value of the coin itself. Most of the coins are then rewound and returned. Banks sometimes discourage coin tossing chasing, as the practice takes time with counting and depositing, producing no business for the bank.
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