Bank rolls are paper or plastic wrappers that hold a specific amount of coins for a particular currency denomination. They are color-coded and available for purchase or provided for free by banks. Bank rolls are used for retail sales and organizing spare change, and some coin collectors purchase them to search for valuable coins.
Bank rolls are the wrappers that are placed around stacks of coins. They are usually made from paper or plastic and hold a specific set amount for a specific currency denomination. Envelopes are transparent or are pre-printed with the value of the roll and are usually color-coded for easy coin identification. Merchants withdraw money into bank rolls to make changes to retail sales and are also an easy solution for individuals to organize spare change to deposit into a bank account.
Specific denominations and color coding conventions vary from country to country, depending on the currency system. In the United States, the penny wrapper has 50 coins and red stripes. In the European Union, the euro cent bank roll also has 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 more popular, particularly in the European Union. Banks often provide wrappers for free, especially to bank customers, and bulk wrappers can be purchased at office supply stores or online. There are accessories available that make it easy to use wrappers to roll coins, such as holders that allow the user to quickly fill a wrapper to the correct amount without the need for counting. Machines that sort, count and wrap the coins can also be purchased.
The most common coin denominations are usually available in bank rolls, and rolls of less common denominations can be ordered. There are banks that only accept unwrapped coins, which they weigh or sort to determine their value, due to the potential for bank rollover fraud. Fraud attempts include filling a bank roll with the wrong amount of coins, with counterfeit or slug coins, or with international coins. To help track deposited coins, tellers often ask customers to write their name and account number on the paper wrappers.
Although the most common use of bank rolls is for cash register storage, they are also part of a common hobby. Some numismatics, or coin collectors, like to purchase bank rolls to see if they contain valuable coins. The bank roll is unwrapped to check for rare coins or coins containing copper or silver, which are worth more than the face value of the coin itself. Most coins are then wrapped and returned. Banks sometimes discourage hunting for coin rolls as the practice takes time with counting and depositing without producing any business for the bank.
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